Changes to Medicare HSA Contributions
HSA or Health Savings Accounts are growing more popular every year. The increase in popularity within this style of the plan is a result of growing insurance and healthcare costs. More than 32 million HSA accounts are currently active in the United States and receiving contributions. One of the lesser know items is that you
How Price Transparency Would Impact Medicare Beneficiaries
Health care costs are a source of pain and anguish for many Americans. On January 1st. 2021, the Federal Government implemented a new law that went into effect to force hospitals to be more transparent about their charges. So far less than 20% of all hospitals are in compliance with the new rules. There are
Medicare & Budget Sequestration: What You Need to Know
Medicare is a vital program for many Americans, but it’s also one that’s been in the news a lot lately because of budget sequestration. Here’s what you need to know about how the sequester affects Medicare. Medicare & Budget Sequestration Medicare and the federal budget are in the news lately, as Congress — made up
Medicare Program Will Now Take on Postal Service Retirees
After passing in the house in February, the Postal Service Reform Act of 2022 was passed in the Senate with bipartisan support on March 8, 2022, with a vote of 79-19. The bill will now be passed to President Biden to sign into law. Already-Stressed Medicare Program Will Now Take on Postal Service Retirees Despite
CMS Proposed Rule to Medicare Coverage Waiting Periods
The Centers for Medicare & Medicaid Services recently proposed a rule change that would affect the current Medicare coverage waiting periods. Currently, the rules are pretty reasonable, but these new changes could be a quality improvement for Medicare beneficiaries that fall into certain categories. Eligibility for the Medicare Program To be eligible for the Medicare
Medicare Advantage Plans Deny Needed Care
Although the majority of requests for services and payment are approved, the U.S. Department of Health and Human Services (HHS) has recently reported that Medicare Advantage denies millions of medically necessary care requests. About 28 million beneficiaries are enrolled in Medicare Advantage plans, which offer privatized versions of Medicare that are often cheaper and provide
Medicare at 60 – Here’s What You Need to Know
During the last half of 2021, while legislators were trying to put together the finer parts of the Biden administration’s Build Back Better plan, there was talk of lowering the qualifying age for Medicare from 65 years of age to 60. It was a very popular measure that many retirees supported; unfortunately, it was removed
Medicare For All: How It Will Change The Current Medicare Program
There’s been a lot of talk about Medicare for All and how it might change health coverage in America. But what is it, specifically? Is it a law yet? Will it become law soon? And what does it mean for you and your family? Get the facts about Medicare for All, the pros and the
Will Medicare Beneficiaries See a Reduction in their Part B Premium?
On May 27, 2022, the Centers for Medicare & Medicaid Services (CMS) published a report that said projected 2023 cost savings for Medicare Part B should be passed on to the program’s beneficiaries. In turn, this should mean a reduction in the premium in 2023. The final determination will take place in the Fall of
What the Build Back Better Plan Means for Medicare
Anytime the government starts talking about bills that affect Medicare, we all get a little nervous. Inflation this year has not only caused many Medicare beneficiaries to be a little lighter in their pocket. From gas to food and everything in between, we are all paying more. The Build Back Better plan may put some
