This week the Centers for Medicare & Medicaid Services released the Medicare premium, deductible and co-pay amounts for 2016. As the Center for Medicare Advocacy has extensively reported, the Part B Premium, which was feared to spike … [Read more...] about 2016 Cost-Sharing Announced
Medicare Summary
2015 Medicare Cost Sharing
Hospital Deductible: $1,260.00 / Benefit periodHospital Coinsurance:Days 0-60: $0 Days 61-90: $315 / Day Days 91-150: $630/ DaySkilled Nursing Facility Coinsurance:Days 1-20: $0 Days 21-100: $157.50/ DayPart A … [Read more...] about 2015 Medicare Cost Sharing
Annual Enrollment for Medicare Advantage & Part D: October 15 – December 7
Fall is the time for Medicare beneficiaries to explore their options regarding Part D prescription drug plans and Part C Medicare Advantage plans. The Annual Coordinated Election Period (ACEP) for Medicare Advantage and Medicare Part D … [Read more...] about Annual Enrollment for Medicare Advantage & Part D: October 15 – December 7
Good News: Trustees Project Longer Medicare Solvency
Today, the Medicare Trustees issued their annual report on Medicare's financial status. According to this year's report, the Part A (Hospital Insurance) Trust Fund has sufficient reserves to fully pay Medicare benefits until 2026 … [Read more...] about Good News: Trustees Project Longer Medicare Solvency
Medicare’s Future: Letting the Affordable Care Act Work, While Learning From the Past
This article is part of a NAELA Journal symposium edition that focuses on "The Future of Elder Law and Special Needs Planning."This article will provide an overview of the policy debate that led to the creation of the Medicare … [Read more...] about Medicare’s Future: Letting the Affordable Care Act Work, While Learning From the Past
Reminder: Medicare Advantage Disenrollment Period (MADP) Ends February 14th
The Medicare Advantage Disenrollment Period (MADP) lasts from January 1st through February 14th of each year. During the MADP, a beneficiary can switch from an MA plan to traditional Medicare. The new MADP also provides an opportunity to enroll … [Read more...] about Reminder: Medicare Advantage Disenrollment Period (MADP) Ends February 14th
2013 Medicare Cost-Sharing
Hospital Deductible: $1,184 per spell of illness Hospital Coinsurance:Days 0-60: $0 Days 61-90: $296 / day Days 91-150: $592 / daySkilled Nursing Facility CoinsuranceDays 0-20: $0 Days 21-100: $148 / dayPart A Premium (for … [Read more...] about 2013 Medicare Cost-Sharing
Making Sense of Medicare’s Preventive Service Benefits
September 20, 2012 With the Balanced Budget Act of 1997 (BBA1997), Congress began an expansion of preventive benefits and services available through Medicare.[1] The Medicare Modernization Act of 2003 (MMA) added additional preventive … [Read more...] about Making Sense of Medicare’s Preventive Service Benefits
CMS Clarifies When the Advance Beneficiary Notice of Non-Coverage (ABN) Must be Issued
August 16, 2012 On June 1, 2012, the Centers for Medicare & Medicaid Services (CMS) issued Transmittal No.R2480CP, which updates its instructions on the issuance of the Advance Beneficiary Notice (ABN), Form CMS-R-131.[1] The changes are … [Read more...] about CMS Clarifies When the Advance Beneficiary Notice of Non-Coverage (ABN) Must be Issued
New Medicare Summary Notice
On March 7, 2012, the Centers for Medicare & Medicaid Services (CMS) announced the redesign of the Medicare Summary Notice (MSN), the statement that informs Medicare beneficiaries about their claims for Medicare services and benefits. The … [Read more...] about New Medicare Summary Notice