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3 Financial Dates and Deadlines in March 2022

Life strikes shortly. It’s straightforward to get distracted. However that may be pricey.

Miss an vital monetary date or deadline, and you would be on the hook for a penalty or lose out on a limited-time alternative to economize.

Enter our “Money Calendar” collection.

On this version, we’ve rounded up the noteworthy cash dates in March 2022. Have a look and mark your calendar with any dates that apply to you.

March 13 — Daylight Saving Time begins

Whereas it’s not an inherently monetary occasion, we needed to remind you that clocks are to “spring forward” at 2 a.m. native time on Sunday, March 13.

Don’t overlook to set your clocks forward one hour, so that you’re not late for work or appointments the subsequent day.

FOMC assembly — March 15-16

The Federal Reserve’s Federal Open Market Committee (FOMC) typically meets eight occasions a 12 months, and we’ve got by no means included these conferences in our Cash Calendar collection. However the FOMC’s subsequent assembly is a bit of totally different.

Specialists broadly consider the FOMC will vote on March 16 to boost its benchmark federal funds price, which might have an effect on all the pieces out of your financial savings account yield to your bank card curiosity.

In different phrases, the result of the subsequent FOMC assembly is a close to certainty. And realizing that in advance means you possibly can put together for that presumed price hike. To get began, take a look at “8 Ways Higher Interest Rates Could Affect You This Year.”

March 31 — Medicare Benefit open enrollment interval ends

As if Medicare isn’t sophisticated sufficient, this federal medical health insurance program for people age 65 and older and of us with sure disabilities or situations has not one however two annual open enrollment durations.

The primary open enrollment interval runs from Oct. 15 by means of Dec. 7, whereas the Medicare Benefit open enrollment interval runs from Jan. 1 to March 31.

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Medicare Benefit plans, one of many two principal varieties of Medicare, are provided by non-public insurance coverage firms which might be accepted by the federal Medicare program. (The opposite kind of Medicare, Authentic Medicare, is the normal government-managed well being care protection.)

Throughout the present enrollment interval, of us with Medicare Benefit plans (with or with out prescription drug protection) have the choice to do one of many following:

  • Change to a special Medicare Benefit plan (with or with out drug protection).
  • Change from Medicare Benefit again to Authentic Medicare (with or with out additionally enrolling in a drug plan).

In the event you make any adjustments to your plan throughout this open enrollment interval, they’ll take impact on the primary day of the month after your plan receives your request.

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