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Posts Tagged ‘disability insurance program’

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…)

Millions facing a hefty increase in Medicare premiums in 2016

Wednesday, September 16th, 2015

Yahoo Finance reports:

“Nearly a third of the roughly 50 million elderly Americans who depend on Medicare for their physician care and other health services could see their premiums jump by 52 percent or more next year. That’s because of a quirk in the law that punishes wealthier beneficiaries and others any time the Social Security Administration fails to boost the annual cost of living adjustment.


Slow Recovery Worsens Financial State of Medicare

Tuesday, May 24th, 2011

The New York Times reports

“WASHINGTON — The financial outlook for Medicare deteriorated in the last year because of the sluggish economic recovery, and the program’s hospital insurance trust fund will be exhausted in 2024, five years earlier than projected last year, the government said Friday.

The estimates, in the annual report by the Medicare trustees, were immediately swept up into the already inflamed political battle over federal spending, debt and the future of entitlement programs. (more…)

Nearly Half of Private Company CEOs Believe Healthcare Reform May Have a Notable Financial Impact on Their Business

Monday, October 25th, 2010

NewsRx reports:

As private company CEOs review the provisions of the federal Patient Protection and Affordable Care Act (the “Act”), nearly half (47%) of executives surveyed for PwC‘s Private Company Trendsetter Barometer say the Act may have a notable financial impact on their business. However, nearly one-third (31%) of respondents believe it’s “too soon to tell” how the Act’s provisions will impact their companies. Twenty percent don’t anticipate a notable financial impact; 2% were unreported. Companies that don’t anticipate a notable financial impact are forecasting above-average revenue growth, compared with the other companies surveyed.


GOP Senator Introduces Bill to Repeal CLASS Act

Friday, October 15th, 2010

NAIFA Reports:

On September 23, Sen. Lindsey Graham (R-SC) introduced S. 3829, the Long-Term Care Bailout Prevention Act to repeal the CLASS Act. The CLASS Act was included in the health reform law enacted this past March. It sets up a voluntary federal long-term care/disability insurance program under which workers may choose to pay an actuarially sound monthly premium for a daily cash benefit (also to be calculated to be actuarially sound) if they become unable to perform two or more activities of daily living.


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