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You’ll have more flexibility with distributions, and your part-time employees can now participate too. Finally, if you turn 74 post-2034, the RMDs begin at age 75. Effective from January 1, 2024, these changes provide tax advantages and flexibility for retirement savings, particularly benefiting those nearing or in retirement.
The Congressional Budget Office (CBO) projects that the share of all Medicare beneficiaries enrolled in Medicare Advantage (MA) plans will rise from 54% to 64% by 2034. Also, the pie is growing for all payers. Considering these developments, MA plan providers are revisiting their strategies to take advantage of this potential growth.
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