News

Will the Unfortunate Millions Be Paying More for Medicare

Posted by on Feb 3, 2016 in Medicare News, News | 0 comments

A fluke in the laws that are governing the Medicare and the Social Security will leave Americans open and vulnerable to a fifty % percent premium increase in the Medicare part that covers doctors’ bills, also known as Medicare Part B. If Congress doesn’t pass legislation protecting low and middle income people who will be unable to pay that much for the increase. Premium payments have to cover 25 percent of projected costs for Part B. The difference as this rise and fall of premiums happens will be deducted from Social Security payments each...

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Initial Look at 2017 Medicare Advantage Plan rates looks like a win for insurers

Posted by on Jan 27, 2016 in Medicare News, News | 0 comments

Insurers selling Medicare Advantage plans are ready for larger pay increases for 2017. This is a initial signal stark cuts on payments for the Affordable Care Act are almost over regarding the industry.  A key metric for 2017 was released by CMS showing the Medicare fee for service base rate which is a measure of the traditional Medicare spending is going to increase by 3.1% in the year 2017. Back in December for 2016 rates, the CMS nailed the growth number at 2.02%. The formula is a mix of complex estimations and modifications for Medicare...

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Advantages of Medicare and Medigap

Posted by on Jan 4, 2016 in Medicare News | 0 comments

Choosing a federal health insurance program and signing up for it can be a confusing task for most people who don’t understand the differences between Medicare and Medigap. This task would depend on what sort of health care the elderly person requires. For example, will the insurance program cover hospital stays as well as prescription drugs? What is the cost advantage of one program over the other and what are some of the features to consider when choosing between them? Understanding Medicare and Medigap Medicare consists of four...

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Increasing Costs Of Medicare 2017, Increases Necessity Of Catastrophic Coverage For Seniors

Posted by on Nov 21, 2015 in News | 0 comments

As dictated by ObamaCare, (Patient Protection and Affordable Care Act), by 2017, Part B premiums will increase to $128.00, and there will be a rise in Part B deductibles to $180. There will be an increase to $1,336, in the Medicare hospital deductible for senior citizens, and at the same time, an increase to $334 for their daily hospital coinsurance. If senior citizens are hospitalized for more than 90 days, ObamaCare dictates an increase to $668 in their per diem coinsurance costs, during 2017 enrollment dates. These and other ObamaCare...

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