Articles

  • Benefit Bulletin: June 2020 Medicare Premiums Could Spike Due to Coronavirus By Rick Delaney The coronavirus has hit older Americans particularly hard and sent tens of thousands of Medicare recipients to hospital emergency rooms and intensive care units.  That type of care comes with particularly pricey out-of-pocket costs which we expect will drive up Medicare Part B spending for 2020.  We ...
  • Benefit Bulletin: March/April 2020 What to do When You Can’t Afford Medicare Premiums By Rick Delaney, Chairman of the Board Medicare Part B premiums jumped $9.10 per month in 2020 — one of the biggest increases in recent years.  While the Social Security cost-of-living adjustment (COLA) increased benefits by 1.6 percent in 2020, Medicare Part B premiums climbed 6.7 percent, more ...
  • Medicare Now Covers Testing For Coronavirus The coronavirus is a more severe flu strain than the seasonal flu which means more people require greater medical care.  For most people this flu is survivable but without the extra medical care that someone might normally need they may succumb to it. According to the Medicare.gov Website, Medicare Part B (Medical Insurance) covers a test ...
  • House Drug Bill Would Save Medicare $345 Billion Legislation that would give Medicare authority to negotiate drug prices would save Medicare $345 billion over ten years, according to a preliminary analysis from the Congressional Budget Office (CBO).  The CBO says the bill would also result in lower costs for Medicare’s 61 million beneficiaries. The Lower Drug Costs Now Act (H.R. 3) introduced in the ...
  • Medicare Part B Premiums To Rise More Than 4 Times Faster Than Your COLA While retirees won’t be getting as much of an increase in their Social Security checks in 2020, the Part B premium, is expected to go up considerably more than it did this year.  In 2019, most beneficiaries paid $1.50 per month more than in 2018.  In 2020, however, the Medicare Trustees have forecast that Part ...
  • How Rising Medicare Part B Premiums May Impact Your Social Security Benefits Medicare Part B premiums are automatically deducted from Social Security benefits, and older households are frequently surprised at how much rising Medicare premiums can take out of those monthly payments.  TSCL estimates that the deduction for rising Part B premiums in 2020 is likely to leave at least a little something left over, for most ...
  • Benefit Bulletin: July/August 2019 Rick Delaney, Chairman of the Board Proposal Would Make it Harder To Qualify For Medicare Savings Programs The Trump Administration has proposed a change that would make it harder for older adults with low incomes to qualify for Medicare Savings Programs, Medicaid, and Medicaid-covered stays in nursing homes.  President Trump’s budget proposal for fiscal year 2020 would ...
  • What Happens to Medicare Part B Premiums When There’s a Very Low COLA Inflation data through April suggests that the annual cost-of-living adjustment (COLA) for 2020 could be very low, perhaps 1.2%.  Even though Social Security recipients received the highest COLA since 2012 this year —2.8% — COLAs have averaged a meager 1.4% over the past decade.  That’s an unprecedented low rate of growth in Social Security benefits ...
  • What Striking Down Obamacare Could Mean For Medicare The recent decision by a federal judge in Texas to declare Obamacare unconstitutional is likely to become the center of a lengthy legal battle that could reach the Supreme Court.  If the decision to strike down Obamacare is upheld, it could affect the coverage of the 60 million older Americans who get their healthcare coverage ...
  • President Announces Plan to Tie Drug Prices to Prices Paid In Other Industrialized Countries — Will it Work? By Mary Johnson, editor President Trump recently announced a new proposal to bring down the cost of certain expensive Part B prescription drugs.  The plan is meeting with skepticism from leading health policy experts, not to mention hot opposition from the deep-pocketed pharmaceutical lobby.  President Trump proposed a new payment system for prescription drugs that are ...

Close