100,000 Americans to Receive New Medicare Numbers Following Data Breach
The Federal Centers for Medicare and Medicaid Services (CMS) have issued a warning to approximately 103,000 Medicare recipients, stating that their personal information might have been compromised due to a “data incident.” In response, these individuals will be provided with new Medicare numbers. The agency clarified that, as of now, they have not received any […]
Liz Weston: Receiving a significant retirement account may impact Medicare premiums for as long as 10 years
Dear Liz If someone inherits my retirement account, is there a way to prevent an increase in Medicare premiums for a year? Answer A significant retirement account can influence Medicare premiums for as long as 10 years, not just a single year. Typically, inheritance isn’t taxable; however, retirement accounts are an exception. When someone withdraws […]
Mayor Eric Adams changes stance on contentious Medicare initiative shortly after legal victory
Mayor Adams Abandons Medicare Advantage Plan for Retired City Workers On Friday, Mayor Eric Adams announced he is dropping his long-running efforts to transition retired city workers to a more expensive health plan. This decision comes after a significant legal victory earlier in the week. Running as an independent in the upcoming November general election, […]
Adams decides not to pursue Medicare Advantage option for NYC retirees in unexpected change.
Mayor Adams Halts Medicare Advantage Plan for City Retirees Mayor Adams announced on Friday that his administration will not transition the city’s retired workforce to a cost-saving Medicare Advantage plan “at this time.” This decision comes shortly after a state court ruled earlier in the week that Adams could register approximately 250,000 local government retirees […]
Medicare and Social Security bankruptcy dates moved up because of increasing health care expenses and new SSA legislation.
Medicare and Social Security Financial Outlook Report Released Washington (AP) – A recent annual report indicates that Medicare and Social Security trust funds have seen shifts in their financial outlook. Rising health costs and legislative changes impacting Social Security benefits have pushed back the anticipated depletion dates. The report from program trustees reveals that the […]
I was involved in the creation of Medicare Advantage. Here’s why I think it needs to be changed.
Back in 2003, I helped draft the Medicare Modernization Law, which introduced the Medicare Advantage plan and added prescription drug benefits via Part D. At that time, I thought private sector competition would lead to innovation, better care for seniors, and ultimately save taxpayer money. I was encouraged by an executive from a health insurance […]
Have employer health insurance at 65? You might still consider enrolling in Medicare.
A Misunderstanding Leads to Huge Medical Bills for Real Estate Lawyer Alyne Diamond, a real estate attorney, experienced a serious fall from her horse in August 2023, which resulted in a broken back. After the incident, she sought emergency care in Aspen, Colorado, and received a bill exceeding $100,000 from her employer-based health plan through […]
We are cancer specialists. This is why Medicare Advantage does not serve America’s seniors effectively.
Concerns Over Medicare Advantage: A Personal Experience Tom, a retired firefighter from Texas, brushed off his stomach pain initially. He thought it was nothing serious, but after losing 30 pounds in just three weeks, his doctor recommended a CT scan. At 65, Tom had recently qualified for Medicare benefits, so he felt somewhat reassured. Like […]
Schumer says Medicare is at risk in Trump’s ‘big, beautiful plan’
Schumer Critiques Trump’s Budget Proposal Senator Chuck Schumer from New York recently criticized President Donald Trump’s budget proposal, dubbing it “Big Beautiful Building” and “We’re All Died” due to its cuts to Medicaid. He expressed his disapproval on Wednesday, arguing that the bill poses serious risks to the health of many Americans. Schumer described senators […]
The gap in Medicare device coverage is holding up life-saving care for older adults.
It’s a bit of an extreme analogy, but some patients feel as though they’re dying of thirst, staring at water just out of reach. That feeling is particularly intense for those over 65 who rely heavily on advanced medical devices for their health, a situation compounded by current reimbursement policies from the Centers for Medicare […]