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 […]
'Medicare' Category Archives
Medicare Cards are Changing in 2018: 5 Fast Facts You Need to Know
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 […]
Managing Changes In Your Retiree Employer Medicare Plan
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 […]
2017 Medicare Parts A & B Premiums and Deductibles Announced
Date: 2016-11-10 Title: 2017 Medicare Parts A & B Premiums and Deductibles Announced Contact: press@cms.hhs.gov 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 […]
Can I Deduct My Health Insurance Premium?
Some individual taxpayers are able to claim an itemized deduction for their qualified medical expenses, including medical insurance plans premiums. In order to qualify, the qualified expenses must surpass 10% of an individual’s yearly-adjusted gross income. This percentage lowers to 7.5% if you or your spouse reached the age of 65 or older as of […]
Available Plans Offering Prescriptions for Less
We have all had a shock effect when going up to a checkout counter. Sometimes an item is not on sale as we had originally thought, and other times the price had simply increased, leaving us with the decision whether or not to continue with the purchase. However, when the item is a necessary prescription […]