Alaska’s minimum wage has risen to $11.91 as of January 1, 2025, with plans for another increase to $13 per hour in July. Other changes include higher weekly salary thresholds

The minimum wage has increased in 21 states, according to the National Employment Law Project. The hikes took effect in the following states: Alaska, Arizona, California, Colorado, Connecticut, Delaware,

Seniors with high medication costs stand to significantly reduce their annual out-of-pocket spending when the cap starts in 2025. Going into the new year, seniors who take prescription drugs and receive Medicare benefits are likely to shell out less for those treatments.

Starting on Jan. 1, 2025, an estimated 19 million Medicare beneficiaries will see their out-of-pocket Medicare Part D spending capped at $2,000 for the year. This annual cap will be indexed to the rate of inflation every year going forward.