What you need to know about changes to Social Security, Medicare and Medicaid in 2026

The rise in Medicare premiums and deductibles will be offset by a cap on drug prices. The Inflation Reduction Act of 2022, championed by then-President Joe Biden, places a $2,000 annual cap on overall prescription drug costs, representing potentially huge savings for retirees.If you have a high-deductible health plan, you likely have access to a health savings account. Take full advantage of it. In 2026, HSA contribution limits are $4,400 for individuals and $8,750 for family coverage, with an extra $1,000 ...