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Archive for the ‘Medicare’ Category

Despite boost in social security, rising Medicare Part B costs leave seniors in bind

Wednesday, October 11th, 2017

News Medical reports:

“Millions of seniors will soon be notified that Medicare premiums for physicians’ services are rising and likely to consume most of the cost-of-living adjustment they’ll receive next year from Social Security.

Higher 2018 premiums for Medicare Part B will hit older adults who’ve been shielded from significant cost increases for several years, including large numbers of low-income individuals who struggle to make ends meet.

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7 Healthcare Expenses Medicare Won’t Pay For — The Motley Fool

Friday, August 18th, 2017

Yahoo Beauty reports:

“If you’re looking forward to getting Medicare because you think this health insurance for seniors will provide comprehensive coverage, you may end up disappointed. Studies have shown seniors with high-prescription drug needs could incur as much as $350,000 in out-of-pocket spending on healthcare during retirement, even with both Medicare and a supplementary Medigap policy.

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How Safe Is Your Medicare?

Friday, August 18th, 2017

The Fool reports:

“There are several popular misconceptions about the financial condition of Medicare, which virtually all American senior citizens rely on to cover healthcare expenses in retirement. Many people believe Medicare is broke, or that there’s virtually no chance that Medicare will still be around by the time they retire. Spoiler alert: Neither of these assumptions are true.

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Is Medicare Tax-Deductible?

Friday, March 24th, 2017

The Motley Fool reports:

“Medicare provides critical health benefits to countless senior citizens, and while Part A, which covers hospital visits, typically does not impose a premium, Parts B and D, which cover preventative services and prescription drugs, respectively, come at a cost.

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4 Surprising Things Medicare Doesn’t Cover (and How You Can Pay for Them)

Wednesday, March 8th, 2017

The Motley Fool reports:

“Medicare covers more than 54 million beneficiaries, around 77% of whom are happy with their insurance. Yet this vital social program doesn’t cover every single beneficiary’s needs. If you’re covered by Medicare, or will be soon, it’s important to understand both its benefits and its limitations.

Medicare Part A pays for inpatient hospital care, skilled nursing care, hospice care, and home healthcare. Part B covers 80% of most routine care, but many Medicare recipients eventually experience a health need Medicare won’t cover. It helps to know what kinds of things Medicare won’t pay for and plan ahead for costs.

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Lifetimes by Blue Cross

Tuesday, August 2nd, 2016

Here are some handy videos from Blue Cross about your Medicare options.

 

http://www.bcbsil.com/lifetimes/videos.html

Here’s What Medicare Part B Costs and Covers in 2016

Tuesday, January 26th, 2016

According to The Motley Fool:

“Learn how this part of the Medicare program works. 

Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.

What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)

Medicare Spending Peaks at Age 96

Friday, February 27th, 2015

The Wall Street Journal reports:

More and more attention is being paid to end-of-life care. But much less attention is going toward what care is appropriate for the very old who are chronically ill but not in their last year of life.

(more…)

PPACA helps delay Medicare insolvency

Friday, August 1st, 2014

Benefits Pro reports:

“The main trust fund behind Medicare, the $583 billion U.S. health program for the elderly and disabled, will be exhausted in 2030, four years later than projected last year, the government reported.

An improving economy and the health-care overhaul — the Patient Protection and Affordable Care Act — may stave off depletion of the fund as it took in more money and spent less than expected last year. The trust fund pays for hospital visits, nursing care and related services for Medicare’s 52 million beneficiaries. Its assets fell $7.1 billion in 2013 to $281 billion, less than one-third the reduction of a year earlier, according to a report released today by the program’s trustees.

(more…)

Visualizing Health Policy: Physicians and Medicare

Friday, February 28th, 2014

The Kaiser Family Foundation reports:

“This month’s Visualizing Health Policy takes a look at physicians and Medicare, including information about Medicare’s payment formula for physicians and about access to health care for people covered by Medicare. (more…)

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