If you're on Medicare, chances are you had a bit of a shock when seeing the 2022 Medicare Part B premium amount. It went up by $21.60, from $148.50 in 2021 to $170.10 in 2022. That's a 14.5% increase, and is one of the steepest increases in Medicare's history. So why was there such a significant increase, particularly when there was only a $3.90 increase between 2020 and 2021? … [Read more...] about Why Did Medicare’s Part B Premium Rise 14.5% in 2022?
The COBRA & Medicare Conundrum Regarding the American Rescue Plan Act By Bonnie Burns, Consultant to California Health Advocates Background The federal American Rescue Plan (ARP) included a provision for federally subsidized premium assistance COBRA coverage from April 1, to September 30, 2021 for certain qualified individuals and their dependents. In some … [Read more...] about The COBRA & Medicare Conundrum
Have you received your Medicare & You 2022 booklet? If not, you can download one at Medicare.gov. They are available in English, Spanish, Chinese, Korean and Vietnamese, and are available in braille and audio. Highlighted below are the new Medicare preventive benefits available in 2022 that are outlined in the booklet. For a full list of Medicare's preventive benefits, see … [Read more...] about New Medicare Preventive Benefits Available to You
Much to pharmaceutical companies' benefit, Medicare has been barred from negotiating for the lowest drug prices when paying for the Part D prescription drug benefit. This translates to unnecessarily higher costs for both beneficiaries and Medicare. Currently both the House and Senate are looking at various proposals that would give Medicare drug price negotiation power. One is … [Read more...] about Don’t Believe the Lies ~ Medicare Drug Negotiations Savings Would Be ReInvested for More Medicare Benefits
Did you know that during Medicare's Open Enrollment, most older adults don't review their plan changes for the new year, or look at other options for coverage? This leaves many surprised by changes they can't afford. Yikes - Let's change this trend! Medicare's Open Enrollment is Oct 15 through Dec 7, and it is one of the few times people with Medicare can review their … [Read more...] about Most People Don’t Review Their Medicare Coverage Options