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After age 65 you can withdraw the money for non-medical expenses without a 20% penalty and use it for whatever you want — but you will still have to pay taxes on the non-medical withdrawals.
QI offers Extra Help paying for prescription drugs. A person will pay no more than $12.15 in 2025 for each Medicare-covered branded drug and $4.90 for each generic drug.
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The 2025 enrollment period for Medicare opened recently. Some older Americans' deductibles, prescription drugs, and out-of-pocket costs will go up.
Among the biggest expenses many American seniors are likely to face are medical bills, ... 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in.
Otherwise, you should seek other forms of financial assistance to help cover your medical bills. More on that shortly. 4. Find financial assistance.
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