Medicare Part B Premium Increase for 2022 Largest Ever
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Medicare Part B Premium Increase for 2022 Largest Ever

  Medicare’s Part B monthly premium for 2022 will increase by $26.60, the largest dollar increase in the health insurance program’s history, the Centers for Medicare & Medicaid Services (CMS) announced on Nov, 12. Standard monthly premiums for Part B will cost $170.10 in 2022, up from $148.50 in 2021. Medicare Part B covers doctor…

Why is your retirement age seniors still working?
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Why is your retirement age seniors still working?

You can make a difference in people’s lives. These success stories, repeated anonymously can be a great catalyst for getting referrals. Once I share this story, you might think about which current clients fit into the same situation. I had a longtime client. I really liked her and the feeling was mutual. One day when…

Big 2022 Social Security COLA announced after much speculation
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Big 2022 Social Security COLA announced after much speculation

Social Security recipients are looking forward to the largest cost of living adjustment in four decades in January. The tradeoff, however, is that they may need that added income to counter rising inflation. “COLAs are intended to protect the buying power of Social Security benefits but, according to consumer price data through July of 2021,…

New bill would create Medicare (Part E) for all

New bill would create Medicare (Part E) for all

Medicare Part E would be available to every individual who is not already eligible for Medicare or Medicaid. Rep. Don Beyer, D-Va., Chairman of the Joint Economic Committee, along with Jimmy Gomez, D-Calif., and Brendan Boyle, D-Pa., introduced late Friday afternoon the Choose Medicare Act, legislation that would give every individual and business the choice…

Highest Social Security COLA increase in nearly 40 years could be coming
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Highest Social Security COLA increase in nearly 40 years could be coming

In 2021, Social Security benefits increased by just 1.3 percent, raising the average benefit by only about $20. Social Security recipients can look forward to one of the largest cost-of-living adjustments in nearly 40 years in 2022. The Senior Citizens League predicts an increase of 6.2 percent based on consumer price index data from July. “The estimate is significant,…

What does the infrastructure bill have to do with Medicare drug rebates?

What does the infrastructure bill have to do with Medicare drug rebates?

The Senate’s release of its bipartisan infrastructure plan signals that lawmakers are poised to throw former President Donald Trump’s belated bid to lower Medicare drug prices under the bus — not to mention trains, bridges, tunnels and broadband connections. That’s because the massive spending bill is the first of two likely to at least delay the so-called…

Inequities in health care coverage and access remain despite legislative gains
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Inequities in health care coverage and access remain despite legislative gains

Legislation to reduce racial and ethnic disparities in health insurance coverage and improve access to care have led to some progress but continue to fall short of objectives. The Affordable Care Act helped, especially in states that expanded eligibility for their Medicaid programs. However, after 2016, coverage gains stalled and slightly eroded. Combined with job and income losses stemming…

Medicare Part D average premiums to increase nearly 5% in 2022, CMS says
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Medicare Part D average premiums to increase nearly 5% in 2022, CMS says

The Centers for Medicare and Medicaid Services has released its projections for average basic monthly premiums for standard Medicare Part D coverage in 2022, which the agency expects will be about $33 — a 4.9% increase from the $31.47 average premium in 2021. The projected average basic premium is calculated based on plans’ expectations of…