Category: Article

Medicare Part B (Medical Insurance) covers FDA-authorized COVID-19 diagnostic tests (coverage could change when the public health emergency ends). You pay nothing for a diagnostic test during the COVID-19 public health emergency when you get it from a laboratory, pharmacy, doctor, or hospital, and when Medicare covers this test in your local area. Medicare now...

Buyer beware. Many of you may not remember the 1980’s recession. In that instance there were many people investing in high interest rate deposits that were not insured by the Federal Government. Many people lost a lot of money. Then there was the recession of 2007 where home mortgages...

The Centers for Medicare & Medicaid Services Fast Facts document contains a variety of statistical data about Medicare and how it is used. As of 2021, there are 63.6 million people using Medicare.  Approximately 57% of those people (36.2 million) on Medicare use Original Medicare....

There’s a chance that your Medicare Part B premiums for 2022 could be reduced. Health and Human Services Secretary Xavier Becerra on Monday announced that he is instructing the Centers for Medicare & Medicaid Services to reassess this year’s standard premium, which jumped to $170.10 from $148.50 in 2021....

Medicare has full coverage for COVID-19.  Medicare has complete coverage to help prevent COVID-19.  In addition, Medicare has additional coverages in you contract COVID-19. Here is a brief summary of Medicare’s COVID-19 coverage: COVID-19 vaccine at no cost to you COVID-19 vaccine booster shot at no cost to you...

The Centers for Medicare and Medicaid Services announced a 14.5% hike in Medicare Part B premiums Friday night, blaming the pandemic but also what it called uncertainty over how much it may have to be forced to pay for a pricey and controversial new Alzheimer’s drug, CNN reported. The...

From Forbes, The Social Security Administration (SSA) announced a 5.9% cost-of-living adjustment (COLA) for Social Security benefits in October. … The average 2021 monthly benefit for SSI is $794 per month and is expected to increase to $841 for 2022, an increase of $47. Social Security Administration announcement.  ...

The Center for Medicare and Medicaid Services announces Medicare Parts A & B premiums and deductibles increase in 2020. Medicare Part A (hospitalization) Premiums/Deductibles Medicare Part A covers inpatient hospital, skilled nursing facility, and some home health care services. About 99 percent of Medicare beneficiaries do not have a...

From the Washington Post. “As much as I have run into it as a provider, you just don’t know how it works until you start doing this stuff,” he said, seated on the other end of the line with, “2020 Medicare and You,” the official U.S. government Medicare handbook,...

The cost of living adjustment for Social Security will be 1.6% in 2020. This is 43% percent less than the cost-of-living increase of 2.8% that was received this year, 2019. However, the cost of living adjustment has been even less in the near past. Historical cost of living adjustments:...