Funds Veterans Use for Long-Term Care Being Curtailed in 2017

Patient status (in-patient vs. out-patient) impacts how Medicare pays. Beware what billing status a hospital classifies an incoming patient because if it is as “outpatient”, which it often is, Medicare will not pay any follow-up nursing home costs, which can have a financial impact that can be devasting.  For example, a Medicare recipient recently was…

Contributor Neale Godfrey spoke to TFHA about the effects of technology and how it plays a part in the world of insurance.  – Only a hybrid of computers and humans will succeed, as indicated by The President of Texas Financial & Health Awareness, LLC and independent insurance agent. “As a person who sells insurance, I know that…

Did you know between January 1st and February 14th you can leave your Advantage Plan (Medicare Part C) and switch to original Medicare.  Remember you will only have until February 14 to join a Medicare prescription Drug Plan.  You cannot switch to another Advantage Plan and if you switch to original Medicare you may want…

CMS reports that the average Advantage monthly premium will decrease by $1.19 in 2017.  They  also cite an increase in supplemental benefits offered by many advantage plans; like dental, vision and hearing benefits.  Enrollment is projected to increase to 18.5 million enrollees a 60% increase from year 2010.

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Many people did not receive an increase in their Part B Medicare premiums because they were on Social Security and legally Medicare cannot increase their premiums more than the cost of living raise they receive from Social Security. There are no legal restrictions on Medicare for special programs such as Medicaid or those new to…