What You Should Know About the Medicare Tax

You may have seen the Medicare tax listed on your paycheck stubs or your income tax return filings and wondered what it is. To learn more about what it is and what it pays for, continue reading. What is Medicare Tax? Medicare is a federal public benefits program providing medical benefits to individuals over 65 and […]

What to Do When Medicare Denies Coverage

         When Medicare declines to cover your medical needs, the denial can leave you with an expensive medical bill. If Medicare refuses to cover your care, do not assume this means you will have to take on the financial burden. As a beneficiary of Medicare, you have the right to appeal the denial. There are […]

Good News for Medicare Advantage, Medicaid Patients in 2026

         If you need a medical procedure, you may have to hold off on treatment until you have received approval from your health insurance plan. In many cases, Medicare Advantage and other plans have denied their patients certain services despite doctors’ orders. (In one survey, medical practices reported that 97 percent of their patients faced unnecessary […]

Medicare Part B Premiums, Deductibles Going Back Up in 2024

         In 2023, seniors were happy to see their Medicare Part B standard monthly premiums and annual deductibles go down for the first time in more than a decade. Unfortunately, that’s not the case for 2024, when these charges will be back on the rise. In the fact sheet it released about the updated numbers, the Centers for Medicare […]

3 Tips for Prepping for Medicare Annual Enrollment 2023

         Medicare’s Annual Enrollment Period (AEP) is just around the corner. In just over a month, those of you looking to enroll in a Medicare plan will have a chance to do just that. Preparing for the event is key if you want to make the most of AEP. “Wait,” you’re probably thinking, “I have […]

Dual Eligible Special Needs Plans – Are They Right For You?

         As of 2020, approximately 12.5 million people have Medicare and Medicaid coverage. Medicare is a federal health insurance program for people over 65 and specific disabled individuals. Medicaid is a joint federal and state program that helps provide medical care for those with limited income and resources. Medicaid recipients include children, pregnant women, and individuals who are blind or […]

Medicare Extra Help Program Set to Expand in 2024

         Seniors and disabled citizens will receive more access to the Medicare Extra Help Program as of the beginning of 2024, the federal government announced. This expansion of benefits could enable up to 3 million people to reduce their prescription drug costs. What Is the Medicare Extra Help Program? The Medicare Extra Help Program assists older […]

What Is a Medicare Flex Card?

         Some Medicare Advantage beneficiaries receive Medicare flex cards, pre-paid debit cards for qualifying expenses, as part of their benefits. The U.S. government does not issue Medicare flex cards. This benefit is only available on select Medicare Advantage plans, a private alternative to Medicare. Traditional Medicare does not offer flex cards. Certain Medicare Advantage plans provide […]

Medicare Fraud Prevention Week: Avoiding Health Care Scams

         The week of June 5 marks Medicare Fraud Prevention Week. Seniors and their caregivers should be aware of the risks posed by Medicare scams and how to avoid falling victim to this type of fraud. Each year, Medicare loses tens of billions of dollars to abuse and errors. Older adults who receive Medicare may […]

Keeping Medicare Solvent Could Mean Higher Taxes for the Wealthy

       With the 2024 presidential election in the not-too-distant future, coverage of heated debates over the nation’s government budget, including how to secure the future of public benefits programs like Social Security and Medicare, has dominated the daily headlines. In one recent development, President Joe Biden, who has pledged to bolster such federal programs, has […]