An important insurance change for those under 65: short-term insurance plans are back!
Federal lawmakers ruled to allow people to buy short-term, limited-duration health coverage that lasts up to 12 months and can be renewed for an additional, maximum of 36 months.
Previously, the Affordable Care Act limited these plans to a maximum of three months of coverage, renewable for another three months depending on the insurance carrier. This decision comes after lawmakers saw expansion of these plans as a way to make healthcare coverage more affordable for people who have been priced out of the individual market.
With age comes some great perks: senior discounts. Across the state there are some great deals for Baby Boomers +. Specifically, savings when it comes to food and entertainment. Why stay at home when you can go out, have a great time and save! Here are some of the discounts available in Milwaukee:
When people begin to think about aging, retirement and preservation of assets, two important insurance products that are integral to the planning process are life insurance and long-term care (LTC) insurance.
We understand the discussions surrounding preservation of assets and retirement planning can be difficult, involving many moving parts from emotions to finances. Life insurance can provide a loved one with financial security in the event of an untimely death, but most people don’t realize that preserving assets can also be achieved by using a specific life insurance design: life insurance with living benefits for long-term care.
Courtesy: ADW Diabetes
Eating healthy is important at all stages of life, but it is even more crucial once you are over 50. By making sure you are getting key nutrients in your diet you can help prevent serious illness and disease. Here are eight foods that everyone over the age of 50 should eat to improve their health.
The hard cap on outpatient physical, speech and occupational therapy under Medicare Part B is no more. Congress ended the two-decade long battle of making exceptions for therapy cap limits when the new federal budget passed in early February of this year.
Currently, Medicare beneficiaries will no longer have to worry about receiving medically necessary services that go over the previously set cap limit.
“Our profession has faced many challenges over the years, and there will be more ahead,” said Amy Lamb, President of the American Occupational Therapy Association, in a press release.
“For today, we must celebrate the end of a senseless policy that threatened the health and well-being of Medicare beneficiaries and our profession for 20 years.”
Medicare beneficiaries who needed outpatient therapy services were subject to a hard cap of $2,010 in 2018. That hard cap will now be replaced by a targeted medical review when services reach $3,000.
The Centers for Medicare & Medicaid Services (CMS) are removing Social Security Numbers from Medicare cards to help prevent fraud, fight identity theft and protect taxpayers with Medicare.
Medicare cards will now have a new Medicare Number, called a Medicare Beneficiary Identifier (MBI), that is a unique number to you and it will replace the Social Security-based Health Insurance Claim Number (HICN). New cards will start being mailed as early as April in states across the country, but here are five fast facts you need to know now about what to expect with this important Medicare change.
Retirement comes with its own set of questions and things to look out for, especially with health insurance coverage for individuals who are eligible for Medicare. Retiree insurance coverage offered by a former employer or a retiring spouse’s employer is not a mandatory benefit, and the sponsoring employer may change premiums and benefits or cancel the plan entirely based on their internal needs. If you have group insurance from a retiree plan along with Medicare coverage, Medicare provides primary coverage and your employer-sponsored insurance is secondary. You are, however, responsible for the premiums on your retiree group plans and your Medicare coverage. The cost and coverage varies from company to employee, depending on which package is offered.
Title: 2017 Medicare Parts A & B Premiums and Deductibles Announced
2017 Medicare Parts A & B Premiums and Deductibles Announced
Today, the Centers for Medicare & Medicaid Services (CMS) announced the 2017 premiums for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.
Medicare Part B Premiums/Deductibles
Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and other items. Read More…
The Affordable Care Act changed the health care landscape tremendously. The gradual rollout of ACA provisions paved the way for an additional 20 million Americans to obtain health care coverage, which would not have been possible without ACA, which is referred to as Obamacare. Based on the latest figures from Whitehouse.gov, nine in 10 Americans now have health coverage. While a large part of the population obtains health coverage through their employers, a significant number depend on the health insurance exchanges to find affordable health insurance in Wisconsin. State governments had the option of establishing their own marketplace or sending their residents to the federal exchanges. Wisconsin opted for the latter. Read More…