Every day 10,000 American baby-boomers turn 65 . Most will enroll in Medicare, but many will not. Not everyone needs to enroll in Medicare because some people continue working and are covered by their employer’s health insurance. A person who…
The New York Times has an article about how payment cuts to Medicare Advantage plans are raising questions about the future of Medicare Advantage.
Help for Part D drug costs is a different program from the Medicare Savings Program that helps people with Medicare costs. Help for drug costs can be applied for at SSA.gov, while the Medicare Savings Program must be applied for through a state Medicaid office or website.
People on Medicare with low income can get help paying their Medicare Part B premium and possibly their Medicare co-pays and deductibles. It all depends on how low their income is.
More than 14 million Medicare beneficiaries are now enrolled in private Medicare Advantage plans, up 30 percent since 2010 in spite of concerns about payment changes enacted in the Affordable Care Act.
Smaller provider networks could be in the cards for Medicare Advantage plans due to payment reductions from Medicare. Smaller networks are usually lower-cost and this may be a necessity in the future.
