Nearly $5M in Medicare Part D Penalties

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Medicare Part D, also called the Medicare prescription drug benefit, is a United States federal-government program to subsidize the costs of prescription drugs and prescription drug insurance premiums for Medicare beneficiaries. It was enacted as part of the Medicare Modernization Act of 2003 (which also made changes to the public Part C Medicare health plan program) and went into effect on January 1, 2006. | MORE |  + See the ‘social current see’ below from a trusted source.

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Plus (+) or Minus (-) of MA *

A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits. Medicare Advantage Plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you’re enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.

5 retirement variables outside of your control

Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as “coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment” (Source: Wikipedia)

DEMAConnect Flipped this : 5 retirement variables outside of your control

Canada is thankful that US health care is different

SOURCE : REASON.TV :  View this release from October 4 to catch a Canadian view of why there is a difference in the health care system in the US and north of the border, including …

“The American [health care] system is more expensive than the Canadian system,” says Michel Kelly-Gagnon, president of the Montreal Economic Institute. “To that, I answer that a Mercedes is indeed more expensive than a Toyota Corolla.” 

“Thank god for that,” he says, explaining that innovation depends on early adopters who are far more likely to be well-off and pay high rates for new and better options. That doesn’t mean only the rich benefit, though. “Certain treatments that are only available to the richest people,” he says, “will eventually become more economical and the whole world will benefit.”

Kelly-Gagnon says that some variation on universal coverage is already a “political reality” in most developed countries, where citizens don’t let large numbers of people die from curable diseases. But the focus on coverage rates obscures the problems created by single-payer systems such as Canada’s, where costs are kept down via rationing and long wait times for services taken for granted in the United States. “Once you’ve established that [universal coverage] is how it’s going to be,” says Kelly-Gagnon, the real question is “how do you find more private solutions” that will serve more people at better rates.

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ObamaCare may hurt Medicare Advantage plans

Many low-income seniors could lose access to their preferred Medicare Advantage plans due to ObamaCare changes. A new report released by the conservative American Action Forum on Tuesday argues that changes made to the five-star rating program for MA plans may reduce plan choice and direct Medicare resources away from low-income areas.  }:{ alt@search

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