medicare
Does Medicare Advantage have better access to extra services?
A study by researchers at Mass General Brigham found that despite Medicare Advantage plans offering enhanced dental, vision, and hearing services, Medicare Advantage beneficiaries did not outperform their traditional Medicare counterparts in utilizing these benefits. Todd Shryock asks whether Medicare…
Breaking News: Social Security & Medicare aren’t Going Bankrupt!!
In the true sense of the word, neither Social Security nor Medicare is in any danger of going “bankrupt.” However, that doesn’t mean that both programs are not having financial difficulties. Indeed they are, but the worst case scenario is…
How many people will benefit from the price cap
If you are a Medicare recipient who takes expensive prescriptions, you will get a break on your drug costs in 2025. The Inflation Reduction Act 2022 enabled Medicare to negotiate drug prices and establish a $2,000 cap on out-of-pocket spending…
Are you getting the most from your Medicare Advantage plan?
The new year brings changes to most Medicare Advantage plans, which may not meet your current needs. So, what can you do about it? Robert Powell interviews Jae Oh, the author of “Maximize Your Medicare,” on key considerations and opportunities…
A new year but the same solvency issues linger
A new year, but the same old problems linger. Social Security continues a problematic path with looming insolvency and benefits cuts as soon as 2033; that is only eight years away. What about Medicare? Medicare Part A (Hospital Insurance or…
Medicare costs are going up next year
Like most things, Medicare costs are going up next year. Medicare Part A and Part B deductibles will increase, along with Part B premiums. In 2025, Medicare placed a cap on out-of-pocket prescription drug costs. What other changes are taking…
Medicare spending was higher for people who disenrolled from Medicare Advantage
In 2024, over half of the Medicare recipients are enrolled in a Medicare Advantage plan. Medicare beneficiaries turn to Medicare plans that offer extra benefits and lower cost-sharing compared to traditional Medicare alone. Although Medicare Advantage plans are a popular…
Don’t fall into these traps when applying for benefits
Signing up for either Social Security or Medicare should not be so confusing. It is easy to fall into certain traps that could cost you thousands of dollars. Why? First, when you sign up for Medicare, you do so on…
Ask Rusty – About How Medicare Premiums Are Determined
Dear Rusty: Please explain the Medicare premium increase based on income reported to Social Security? For those of us that waited to draw Social Security until age 70, and who are still working – drawing a salary, and planning to…
Decisions Need to be Made on Social Security, Medicaid, Medicare
This article by Juliann Ventura for The Hill explores the possibility of cuts to what he calls “social welfare programs”. Democrats need to be in on the discussion regarding how to save billions of dollars. He suggests we know the…