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7 Ways to Fix Medicare

According to healthcare expert Sean Williams of The Motley Fool, “Medicare's Hospital Insurance Trust is expected to exhaust its cash reserves in less than 15 years. For years, Social Security has been the entitlement program that's been highlighted as being in dire straits. Expected to burn through its cash reserves by 2035, and providing income to more than 40 million retirees each month, seniors and pre-retirees consider ...

Can You Claim Social Security and Medicare at the Same Time?

According to Dan Caplinger, Medicare reporter for The Motley Fool, "Social Security and Medicare together provide a huge portion of the financial support that people need during retirement. Yet the rules for claiming benefits from the two programs are different, and so one natural question to ask is whether you can claim Social Security and Medicare at the same time. When the timing works ...

Calculating Medicare Pricing

If you’re eligible to receive Medicare benefits, what do your cost look like? According to healthcare reporter Brian Feroldi of The Motley Fool, “Millions of retired and disabled Americans depend on Medicare to help them cover healthcare-related expenses, but learning all the ins and outs of this huge government program can be a bit of a challenge. Even getting an answer to a common question ...

Great Call’s Services Give Seniors Access to Safety

When seniors slip and fall it can cause serious bodily harm. These falls can not only affect physical well-being, but also mental strength. Making prevention the focal point can help decrease the risk of possible life-altering accidents. The shocking news about your home is that it is not the safest place to be… Here are some statistics to be aware of: 70% of serious ...

Medical Guardian Offers Safety for Seniors

Medical Guardian is our #1 pick for Best Medical Alert System  Medical Guardian provides dependable medical alert systems for seniors wishing to live an independent life in their own home, ensuring that help is only the push of a button away. The company offers both standard home medical alert base station units, as well as mobile base station units that work in and out ...

Medicare: Moving Forward to Less Expensive Hearing Aids

More than 50 years ago, Congress banned Medicare coverage for hearing aids. People saw hearing as a normal part of aging instead of a disability or a medical problem. We know now that hearing problems can cause you some serious issues. Almost two-thirds of Americans older than 70 have meaningful hearing loss, experts say, and you may be among them. The average price for hearing aids ...

U.S. Officials Evaluate Lowering Medicare Drug Costs

The Obama administration has put forward a test program, to see if cutting reimbursements for drugs administered by some Medicare doctors would encourage them to choose lower-cost, but equally effective, medications. Medicare spends about $20 billion on Part B prescription drugs every year, but that's just a fraction of Medicare's overall drug spending — which totaled more than $140 billion in 2014. For the ...

Great Discounts for Folks over 60

Everyone loves saving money and everyone loves a good deal. However, some deals only come when you get older and then, only when you ask.We were stunned to learn that many senior discounts start at the age of 50. This list of discounts available to seniors is a great resource.  The list includes restaurants, supermarkets, department stores, travel deals and other types of businesses ...

Rising Vision-Care Expenses Decline Health for Medicare Recipients

Cover photo courtesy of delawarevisioncare.com Although huge numbers of seniors need glasses or contacts to see clearly, Medicare typically won’t pay for them. Today, more than 54 million Americans rely on Medicare to help cover their healthcare costs. More than half of all people on Medicare have an income of less than $23,500. Because the need for healthcare increases with age, the cost of ...

Substance Abuse in Your Golden Years

(Cover photo courtesy of  SJ Magazine)  When you think of drug and alcohol addiction, seniors are probably the last age group that pops in your head. Yet, new data shows the number of seniors with a drug problem is on the rise. Substance abuse among those 60 and older is one of the fastest growing health problems facing America. According to the National Clearinghouse ...

Medicare Advantage Enrollment Up Despite Budget Cuts

Since Congress approved $150 billion cuts to Medicare as part of the Patient Protection and Affordable Health Care Act in 2010, enrollment in Advantage plans has shot up by more than 50 percent, puzzling experts. Over five years ago, Congress passed President Obama's signature health law, helping to offset costs by cutting payments to Medicare Advantage plans. According to the New York Times, many Republicans and insures ...

Animal Companionship Improves Senior Health

The encouragement that animals provide people — especially our seniors — is remarkable. People with pets cope better with stress and depression. Pets provide the antidote to loneliness: unconditional love. Now, evidence suggests that our furry friends can be a real benefit to our senior citizens, helping them live longer and healthier. In the peer reviewed paper “Emotional Benefits of Dog Ownership”, Eve Beals, ...

Studies Show Countries With Universal Health Coverage Spend Less than U.S.

There have been countless groups who have challenged that universal health care would increase costs to taxpayers in the United States, but it appears that the existing system is already creating high costs. In the paper “The Current and Projected Taxpayer Shares of US Health Costs,” of the American Journal of Public Health, evidence shows that in 2013 taxpayers funded 64.3 percent of healthcare.  This is more ...

Why You May Pay More for Medicare in 2016

Today’s Forecast: Cloudy with a chance of high costs. Planning a route through the ‘Medicare Jungle’ can be extremely difficult. It’s important to understand your benefits and coverage as well as keeping an eye on changes that occur year after year in the United States healthcare system. If you solely commit to Medicare, it's critical that you recognize what changes you might be facing ...