Medicare Part B premiums are increasing in 2023. Most will see their premiums decrease to $174.70 per month. This is a $9.80 increase from 2023. It’s worth noting the Social Security cost-of-living adjustment i
By the way, the report also contains this table, which basically shows the cost of kicking the can down the road. It shows that the Biden-Trump policy will increase future pain. Do they not care because they are very old? Do they not care because of “public choice.” Do they not ca...
The Medicare hold harmless provision limits the annual rise inMedicare Part B premiumsdeducted fromSocial Security benefits. Due to this provision, premium increases are limited to no more than the cost of living increase provided to the beneficiary in a given year. ...
Cigna agreed to settle a lawsuitalleging Medicare Advantage fraud. A whistleblower and the U.S. Government accused Cigna of submitting false diagnostic codes to increase reimbursement. Cigna will pay $172 million in fines as a result of the settlement. The former administrator of the Centers for ...
A couple of well-documented differences in the qualities of Medicare Advantage plans -- qualities that are often placedin contrast with fee-for-service Medicare-- might have contributed to the increase in Medicare Advantage enrollment, Better Medicare Alliance explained. ...
One of the updates to Part A coverage in 2023 was associated with the deductible. According to AARP, for 2023,the Part A deductible is $1,600 per stay— an increase of $44 from 2022’s deductible. And for those required to pay a premium (dependent upon work history), the monthly prem...
Some plans are "community-rated," which means everyone who buys a particular one pays the same rate regardless of their age. Others are based on "attained age," which means the rate you get at purchase is based on your age and will increase as you ...
August 29, 2023 at 5:00 AM EDT One of the biggest expenses Medicare beneficiaries are likely to face will be long-term care. Getty Images As seniors age, the need for long-term care increases, particularly when a they cannot do the activities of daily living (ADL), such as getting dres...
According to the Commonwealth Fund’s health survey, reported in 2023, the United States among “high-income countries” has “the lowest life expectancy at birth, the highest death rates for avoidable or treatable conditions, the highest maternal and infant mortality, and among the highest suicide...
If you were born on January 1 of a given year, you would use the prior year to determine your FRA. Waiting until FRA to claim Social Security might be tough for some people, but it does increase your benefit by up to 30% versus claiming at age 62. Social Security at age 70: The ...