The Cost of Medicare
In 2008, Medicare spent $9,100, on average, for each Medicare beneficiary. Multiply that times the 46 million people enrolled in Medicare in 2008 for a total expenditure of $418 billion. Kaiser...
View ArticleSeniors go to the doctor too much (continued)
An article in the Los Angeles Times looks at the question of making changes to Medicare that would require seniors to pay more of their medical costs. The article, “Raising Medicare Costs May Be...
View ArticleMedicare Voices: video
I’ve been talking to seniors about their thoughts on Medicare, the debate over making changes to the program, and what Medicare means to them. I thought it would be interesting to see and hear seniors...
View ArticleMedicare: Can seniors afford to pay more?
Did you know… The average income of Medicare beneficiaries is less than $22,000 per year. Medicare beneficiaries already pay more out of pocket for health care than people without Medicare. Higher...
View ArticleMedicare and Means Testing
Seniors who have higher income will have to pay more for their Medicare. This seems to be one part of the plan for putting Medicare on a stronger financial footing. Here is what the National...
View ArticleWhat Does Medicare Cost ?
What does Medicare cost? Most people think their $134 Medicare Part B premium covers the cost of their Medicare – but they are very wrong. You can see from the charts below that there are three parts...
View ArticleMedicare Does not CoverLonger Term Care
Most people don't realize that Medicare does not cover long-term care. Medicare does cover skilled nursing facility services, but for a limited time. The post Medicare Does not CoverLonger Term Care...
View ArticlePols Fix Medicare Premium Problem
OCTOBER 30, 2015: Congress approved a budget deal that stops the Medicare Part B premium from going up to $159 in January 2016. It will only go up to $120 (from $104.90). Most people on Medicare will...
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