medicare
Will cutting fraud save Medicare?
In 2022, the total amount spent on Medicare was $982 billion, and Medicaid spending was $864 billion. The federal government has estimated that 7.5 percent of payments on traditional Medicare in 2022 were for “improper or fraudulent payments”; for Medicaid,…
Here are the Medicare basics
More than 10,000 people turn 65 every day in the United States. Knowing your options for health care are more important than ever before. Medicare is the federal health insurance program for people who are 65 or older. Understanding Medicare…
What you need to know about retirement ages in the US
Your age matters when it comes to Social Security benefits. You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your full retirement age. If you…
A Clarification of HSA Issues for Those Aging Into Medicare Eligibility
If you are approaching Medicare eligibility and participating in a Health Savings Account, there are some specific regulations you need to be aware of in order to avoid potential penalties and/or fees. A post by CD Moriarty, CFP, a Vermont-based…
Biden Looks to Taxation to Extend Medicare Solvency
The White House, in its budget plan scheduled to be released Thursday, is reported to be proposing an increase and expansion of the tax assessments faced by Americans earning more than $400,000. As reported in a New York Times article…
Health care in retirement can come with a hefty price tag
Employee Benefit Research Institute found in their latest study compared health care costs in retirement between having a Medicare with a Medigap policy or a Medicare Advantage plan and found that you would pay more during the course of their…
What you should know about the national debt
The national debt level of the United States is a measurement of how much the federal government owes its creditors—in particular – it is the sum of federal government debt held by the public and intragovernmental debt. Congress puts a…
CBO estimates a funding shortfall in 2032
The Congressional Budget Office (CBO) estimates federal spending on Social Security and Medicare will outpace the revenues and the economy overall. They quoted a variety of factors, including rising costs of medical services, large cost-of-living adjustments, and the last of…
Medicare changes for 2023 you should know
Just in case you missed it, there are some changes to Medicare for 2023. Some costs have gone down, like Medicare Part B premiums, while others have gone up, Medicare Part A premiums. Kate Ashford writes about the seven key…
The 20% Medicare cut coming for hospitals
(By Jakob Emerson for Becker’s Hospital Review) As the U.S. prepares to end the COVID-19 public health emergency, hospitals are facing a major cut in Medicare payments used to treat patients diagnosed with the disease. Since January 2020, hospitals nationwide…