Articles on "Medicare"

November 18, 2014 8:45 pm

Real Life Story–BGA Insurance Group

As anyone who has faced a gap in insurance coverage knows, the prospect of being uninsured—or underinsured—can be both scary and overwhelming. Such was certainly the case for Margaret Harrington when she lost her job—and the insurance that went with it. “I needed a Medicare Insurance Plan that was reasonable, since the company I worked for had closed, and I was no longer covered,” Margaret recalled. “I was referred to John Billetdoux by a close friend of mine who recommended […]

October 20, 2014 3:20 pm

Caregiver Tips in Helping with Medicare

By Ross Blair, 1. Manage Timelines Effectively: Medicare eligibility begins for U.S. citizens and legal residents when they turn 65. A person has a seven-month initial enrollment period that begins three months before their birthday month and ends three months after. During this initial enrollment period, a person can enroll in Original Medicare (Parts A&B), a prescription drug plan (Medicare Part D) or a Medicare Advantage plan. If a senior wants to enroll in a medigap (Medicare supplement insurance) policy, […]

Elder Law Changes
April 29, 2014 9:40 pm

Elder Law Changes

know the laws and the numbers Beginning in 2014, there were some changes to a variety of laws that may interest elders and their loved ones. The following updated laws are particularly relevant for seniors and their families who are attempting to plan for the future. Gift and Estate Taxes: The annual gift tax exclusion continues at $14,000. This means a wealthy relative can give away gifts totaling $14,000 per year, per individual, and the benefactor will not incur a […]

February 26, 2014 4:10 pm

Two Words that Cost Thousands in Medicare Bills – NBC News

Great coverage on the topic of “under observation” and the impact it can have on our clients. It’s not something they teach doctors in medical school. And it’s probably not something you’d know to look for if you were suddenly rushed to the hospital in an emergency. But when a doctor decides to write the words “under observation” on a Medicare patient’s chart, it can have lasting consequences. Those two little words can be the difference between spending thousands of […]

August 1, 2013 1:10 pm

AARP launches video series to mark Medicare’s 48th anniversary

AARP is launching a three-part video series to mark Medicare’s 48th anniversary. The goal of the videos is to shift the Washington dialogue toward commonsense solutions and away from Medicare changes that would cut benefits or force seniors to pay more. The first video, Medicare: Commonsense Solutionts for Rx Drug Costs, focuses on reducing drug costs. The second video will address coordinated care and go live on Friday, August 2; the last video will address fraud and go live August […]

January 25, 2013 2:20 pm

Report Drop in Hospitalizations and Rehospitalizations among Medicare Beneficiaries

A new report suggests that communities where hospitals, other health care providers, and community services work together to coordinate evidence-based hospital discharges and provide better support in the community, can see a 6 percent drop in hospitalizations and rehospitalizations, per 1,000 beneficiaries, in just the first two years. This project relied upon Medicare’s Quality Improvement Organizations (QIOs) to anchor and guide the work, and the average community netted about $3 million dollars in annual savings for Medicare. These findings were […]

October 24, 2012 1:47 am

Survey Reveals Future of Medicare is No. 1 Worry for Seniors

A national survey of seniors finds that the future of Medicare is their No. 1 concern. At the same time, nearly three out of four (71 percent) would pay more to keep their coverage, according to the 2012 Allsup Medicare Advisor® Seniors Survey. The national study of 1,000 seniors enrolled in Medicare plans was commissioned by Allsup and conducted by Richard Day Research, a Market Probe Company based in Evanston, Ill. Although a combined 89 percent of seniors said they […]

October 24, 2012 1:23 am

Settlement Eases Rules for Some Medicare Patients

A New York Times article details the a proposed settlement of a nationwide class-action lawsuit, the administration has agreed to scrap a decades-old practice that required many beneficiaries to show a likelihood of medical or functional improvement before Medicare would pay for skilled nursing and therapy services. Under the agreement, which amounts to a significant change in Medicare coverage rules, Medicare will pay for such services if they are needed to “maintain the patient’s current condition or prevent or slow […]

May 8, 2012 1:45 am

107 charged in seven cities with Medicare fraud

(AP) — Federal authorities charged 107 doctors, nurses and social workers in seven cities with Medicare fraud Wednesday in a nationwide crackdown on unrelated scams that allegedly billed the taxpayer-funded program of $452 million — the highest dollar amount in a single Medicare bust in U.S. history. It was the latest in a string of major arrests in the past two years as authorities have targeted fraud that’s believed to cost the government between $60 billion and $90 billion each […]

April 23, 2012 6:28 pm

Social Security and Medicare Trustees Release Reports

The trustees who oversee Social Security and Medicare release their annual financial reports today. An aging population and an economy that has been slow to rebound are straining the long-term finances of Social Security and Medicare, the government’s two largest benefit programs. Medicare is in worse shape than Social Security because of rising health care costs. But both programs are on a path to become insolvent in the coming decades, unless Congress acts, according to the trustees. Last year, the […]