The Social Security Administration letter explains a prescription drug and medical care savings program. But it leads with an exclamation that, frankly, can seem a little scammy: “You May Be Able To Save $1,608 Or More In Medicare Costs!”
Enough seniors thought it was a scam that earlier this week, the National Council on Aging put out a notice that this letter is, in fact, real. The Medicare Savings Program helps seniors pay for hospital and doctor’s office costs. Then there’s another program that helps pay for prescription drugs. (read more)
For years, the adage has been that only “payers” (employers, Medicaid, etc.) want managed care – and they wanted it to reduce costs. And, without saying it, the implication has been that moving to managed care is not something that consumers want.
But the Medicare data flies in the face of this adage. The recent data show that for Medicare managed care – the Medicare Advantage plans – enrollment increased by 1.34 million members over the past year (as of February 2017), with total Medicare Advantage enrollment of 19.5 million, or about 34% of the 58 million Medicare beneficiaries. (read more)
Healthcare and its cost is a limiting factor when it comes to the adoption of a balanced lifestyle. According to a report from Reuters, healthcare costs were expected to increase by 4.8 percent in 2016. The trend is also expected to continue in 2017 with an increase of 5.4 percent.
A report compiled by American Association of Retired Persons (AARP) sheds light on the importance of the link between well-being and economic security. A direct conclusion from the study was that the rising costs are responsible for putting the health of individuals (especially the middle class) at risk.
This is where the notion of appropriate healthcare insurance comes as a deterrent. (read more)
Medicare doesn’t cover everything. Luckily, those on Medicare can now start saving on out of pocket expenses like prescription drugs, dental, vision, hearing, and more. Over 1 million people have already received their free Medicare Plus Card.