Friday - March 29th, 2024
WordPress Site - Powered By OnDigitalPublishing

Posts Tagged With ‘ Medicare ’

 
Advantage Plans Deny 6% of Treatments
March 2nd, 2023

Here’s something you should know about Medicare Advantage plans: the vast majority of these insurance policies require prior approval before a person can receive some medical treatments and services. Historically, that was not the case, and prior authorizations are still very unusual for people who are enrolled in original Medicare and a Medigap supplement. But in the case of Medicare Advantage plans, physicians submitted more than 35 million requests for prior authorization to insurers in 2021, and more than 2 million of them – or about 6 percent – were fully or partially denied, according... Continue Reading

March 2nd, 2023
Fixing Social Security: How the US Can Create a New Era of Social Insurance
February 8th, 2023

As the US grapples with the debt ceiling debate, President Biden and the House Speaker have both vowed to keep Social Security and Medicare intact. While proposals to create commissions to examine the programs’ future exist, some experts warn this could fast-track changes without proper public vetting. It’s time to ensure the Social Security system is fixed and delivers on its promise of financial protection for all Americans. Originally Published on BoomerBuyerGuides.com Continue Reading

February 8th, 2023
Why Walking Helps Your Mind
February 2nd, 2023

Walking is a simple yet effective way for seniors to improve their mental state. It has been shown to have a number of benefits, including reducing stress, improving mood, and increasing cognitive function. One of the most significant benefits of walking for seniors is its ability to reduce stress. Stress is a common problem among older adults, and can lead to a variety of health issues, including high blood pressure and heart disease. Walking has been shown to lower cortisol levels, a hormone that is associated with stress, and to increase the release of endorphins, the “feel-good” chemicals... Continue Reading

February 2nd, 2023
Middle Class Gets the Most from Medicare
January 26th, 2023

This is a fact of retirement life: older Americans haven’t paid as much into Medicare and Medicaid as government spends on their healthcare and nursing home stays. But it is middle-class retirees who get the most out of the system, according to a new study. Middle-income households receive about $230,000 to $260,000 more in Medicare and Medicaid benefits, on average, during their retirement years than the total amount they’ve paid in. Their contributions consist of the Medicare payroll and income taxes deducted from workers’ paychecks, the portion of their federal and state income taxes devoted... Continue Reading

January 26th, 2023
Medicare to Cover 3 New Dental Procedures
January 24th, 2023

“Is it medically necessary for a person to be able to chew?” Dr. Lisa Simon, a physician and dentist at the Harvard School of Dental Medicine, asks. This is a serious question for older Americans in fragile health. I know a 93-year-old man whose teeth problems make it extremely difficult for him to eat meat and many other foods on the dinner table. Two-thirds of retirees do not have dental insurance, which means they may decide to forgo getting expensive dental care. The importance of dental care to nutrition and health is also an equity issue for older Blacks and low-income retirees, who are... Continue Reading

January 24th, 2023
Nursing Homes Are A Disaster, But Will Congress Allocate Funding For Reform?
January 6th, 2023

Here at AgingParents.com, we see clients who have a loved one who must go to a nursing home. They’re worried, and with good reason. It’s probably the absolute last choice of where to go for any impaired elder in need of some care. The average age of a nursing home resident is 86. Many folks are there because they have no other option. About 60% of the 1.4 million residents receive Medicaid as their only payment source for living there. All kinds of professionals and stakeholders are in agreement that the nursing home industry is broken. This is not new news. As a 19-year-old nursing student,... Continue Reading

Readers’ Favorite Retirement Blogs: 2022
January 3rd, 2023

Older Americans who want to be smart about retirement finances are curious about the intricacies of Social Security. The blog that drew the most traffic from our readers last year – “The Bridge to a Larger Social Security Check” – suggested a strategy for getting more out of the program: delay signing up for Social Security by withdrawing savings from a 401(k) to pay the bills. Each year that Social Security is postponed adds 7 percent to 8 percent to a retiree’s monthly benefit check. A couple of years of delay, funded with savings, can provide significantly more money, month after month,... Continue Reading

January 3rd, 2023
What I’ve Learned in 30+ Years of Studying Retirement
December 26th, 2022

In more than 30 years of researching, writing, and advising about retirement and retirement planning I’ve learned that a key to a successful retirement is an open, inquisitive mind. That’s because almost everything about retirement finances changes over time. I could fill a book with only the changes to both income taxes and estate taxes over my career. One important change many people overlook is the growth of what I call the Stealth Taxes, tax code provisions designed to raise taxes without raising tax rates. Some key Stealth Taxes are the inclusion of Social Security benefits in gross income... Continue Reading

December 26th, 2022
2023 Medicare Changes Clearly Explained
November 30th, 2022

In 2023, some significant changes will be made to Medicare. These changes may affect how much you pay for your coverage, what benefits are available to you, and more. It’s important to stay informed so that you can make the most of your Medicare coverage. In this article, we’ll discuss some of the upcoming changes […] Originally Published on BoomerBuyerGuides.com Continue Reading

November 30th, 2022
Medicare plans in Englewood Cliffs, New Jersey
November 28th, 2022

Medicare plans in Englewood Cliffs, New Jersey Are you living in Englewood Cliffs, New Jersey, and you just recently turned 65? or are you using Medicare for the first time? If so, you may wonder if you’re eligible for Medicare insurance.  Learn more about your Medicare plan options in Englewood Cliffs, New Jersey, whether you’re looking for Original Medicare or Medicare Advantage.  What is Medicare? Medicare is a federal health insurance program founded in 1965. Medicare in Englewood Cliffs, New Jersey, as in the rest of the country, is designed to provide medical care for people... Continue Reading

November 28th, 2022