Archive for the 'Social Security' Category

Share of Cost, New Medicare Cards Coming to Californians April – June 2018

Saturday, Mar. 10th 2018 1:01 PM

The Centers for Medicare and Medicaid Services will mail new Medicare cards to all Medicare beneficiaries to help protect people from identity fraud. In California, your cards will arrive between April and June. Fraudsters are always looking for ways to get people’s Social Security Numbers (SSNs) so Medicare is removing SSNs from all Medicare cards to make them safer.

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Posted on Saturday, Mar. 10th 2018 1:01 PM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Navigating Medicare and the Health Insurance Marketplace

Wednesday, Jan. 3rd 2018 9:03 AM

Many people purchase their health insurance through the Health Insurance Marketplaces established by the Affordable Care Act in 2010. Yet when people become eligible for Medicare, there is little notification and thus much confusion on how and when to make the transition to this federal health care program. Below is some information with 3 main points and several action tips put together by the national SHIP Tech Center, the Senior Medicare Patrol National Resource Center and Medicare Rights Center on Health Insurance Marketplaces and how they affect Medicare. This information can help you can make informed decisions about your Medicare enrollment. For questions and/or assistance, contact your local Health Insurance Counseling and Advocacy Program (HICAP).

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Posted on Wednesday, Jan. 3rd 2018 9:03 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Medigap Legislation Would Provide New Consumer Rights

Thursday, Sep. 21st 2017 6:49 AM

Below is a summary of Rep Jim McDermott’s newly introduced Medigap Consumer Protection Act of 2016. We support this long-awaited legislation to update the Medigap program and add new consumer protections, including the right to purchase a Medigap to those with disabilities and/or end stage renal disease (ESRD).

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Posted on Thursday, Sep. 21st 2017 6:49 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, A Brief Overview of the California Partnership for Long Term Care

Tuesday, Sep. 5th 2017 6:03 AM

This policy brief, written by Bonnie Burns, our Training and Policy Specialist provides background and an overview of the California Partnership for Long Term Care, and discusses reasons for its gradual decline. She raises the tough questions as to whether the program is meeting the goal of protecting those consumers most in danger of spending down to Medi-Cal with a long term care expense, and whether the program is saving any Medi-Cal funds that would otherwise pay for care. Earlier this year, Governor Brown signed SB 1384 (Liu) that, among other things, charges the Partnership program with establishing a task force of industry, consumer groups, and agency stakeholders to review and make recommendations on necessary changes to the program to make sure it fulfills that very goal.

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Posted on Tuesday, Sep. 5th 2017 6:03 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Guard Your Medicare Card

Wednesday, Aug. 23rd 2017 6:24 AM

Health care fraud drives up costs for everyone in the health care system. One way to protect against such fraud is to guard your Medicare number. Fraud schemes often depend on identity thieves getting hold of people’s Medicare numbers, so treat your number as you would a credit card.

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Posted on Wednesday, Aug. 23rd 2017 6:24 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, CHA Comments on Proposed Short Term Care Insurance Regulations

Thursday, Aug. 17th 2017 5:29 AM

October 20, 2016

 

Commissioner Katharine L. Wade
State of Connecticut Insurance Department
Attention: Kristin M. Campanelli
P.O. Box 816
Hartford, CT 06142-0816

 

Re: Proposed Short Term Care Insurance Regulations

 

Dear Commissioner Weddle:

We write to comment on your department’s proposed regulatory changes to short term care insurance policies. As you know, I am a funded consumer representative to the National Association of Insurance Commissioners (NAIC). I am a Policy Specialist for California Health Advocates (CHA), a not-for- profit organization that among many other Medicare related topics provides information, training, and education on long-term care and long term care insurance. We promote high legislative and regulatory standards for long-term care insurance in our state legislature, at the NAIC, and in Congressional testimony.

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Posted on Thursday, Aug. 17th 2017 5:29 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, CHA Provides Testimony on Long Term Care Insurance Rate Increases

Tuesday, Jul. 25th 2017 5:48 AM

October 25, 2016

Commissioner Alfred W. Redmer Jr.
State of Maryland Insurance Administration
Attention: Adam Zimmerman, Actuarial Analyst
200 St. Paul Place, Suite 2700,
Baltimore, MD 21202

RE: Long Term Care Insurance Rate Increase Hearing October 27, 2016

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Posted on Tuesday, Jul. 25th 2017 5:48 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Looking to Save Money? Start with Rx Costs

Wednesday, May. 31st 2017 5:27 AM

Did you know that drug costs rose 12.2% in 2014 alone which is 5 times as fast as the year before? And that the price of the 50 top most-used generic drugs has soared over 373% between 2010-2014? What’s happening and how can we as consumers save money and be savvy about our prescriptions? One thing that’s happening is company mergers, currently leaving 3 companies in control of 40% of the generic drug market. Also, some of the newest drugs are prohibitively expensive, such as the new Hepatitis C treatment Sovaldi which is $1,000 a pill for an 84-pill treatment.

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Posted on Wednesday, May. 31st 2017 5:27 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Are Medical Costs Taking a Toll?

Thursday, May. 25th 2017 6:26 AM

Yes, and a big one. Over 26% of people in a recent poll said that health care costs posed a significant financial burden on them and/or their family. Forty-two percent of the people said they have paid all or nearly all of their savings on medical costs, and 27% said they were unable to pay for basic necessities such as food, heating, or housing. Seven percent have also declared bankruptcy because of health care costs. This is an unnecessary burden that faces both the younger population on Obamacare and the older population and people with disabilities on Medicare. In fact, a recent National Public Radio article notes that while 89% of Americans now have health insurance through Obamacare and Medcare, simply having insurance is no longer enough. The consumer costs keep rising.

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Posted on Thursday, May. 25th 2017 6:26 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Got Long-Term Care Insurance? Dealing with Rate Increases?

Friday, May. 19th 2017 6:05 AM

Do you have long-term care insurance? Concerned about premium increases? If so, you’re not alone. This is a conundrum elders and policy makers face nationwide. With 1 year of nursing home care costing at least $90,000, who can afford such care? In the 1970s, policy makers hoped long-term care (LTC) insurance would be their answer. Yet this industry has been nothing short of disastrous, as most companies greatly underestimated how long people would live, how much nursing home care they would require, how few people would drop their policies, and how little interest they would actually gain from banked premiums. As a result, most LTC insurance companies have left the market and policyholders are grappling with steep premium increases from each year from the remaining companies. Even California’s CalPERS (California Public Employee Retirement System), the state workers’ retirement plan, has raised their premiums 85% in the last 2 years.

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Posted on Friday, May. 19th 2017 6:05 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Part D Penalties What Are They and Can They Be Avoided?

Tuesday, May. 9th 2017 6:23 AM

Nobody likes penalties, especially when it means paying more money. When it comes to Medicare, most people can avoid penalties by enrolling in Parts A, B and D when first eligible, during their Initial Enrollment Period. Those who don’t enroll during this time, may have a penalty. The IEP is different for different parts of Medicare. This article reviews the Part D late enrollment penalty (LEP) and exceptions.

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Posted on Tuesday, May. 9th 2017 6:23 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, America’s 65+ Population Will Double to 88 Million in 2050

Wednesday, May. 3rd 2017 6:51 AM

The world’s older population continues to grow at an unprecedented rate. Today, 8.5% of people worldwide (617 million) are aged 65 and over. According to a new report by the National Institute on Aging (NIA) and produced by the U.S. Census Bureau, “An Aging World: 2015,”  this percentage is projected to jump to nearly 17% of the world’s population by 2050 (1.6 billion). The report examines the demographic, health and socioeconomic trends accompanying the growth of the aging population.

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Posted on Wednesday, May. 3rd 2017 6:51 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, May is Older American’s Month

Friday, Apr. 21st 2017 5:53 AM

Did you know that our senior population is the fastest growing population group in America? And that worldwide the age group of 80+ is expected to more than triple between 2015 and 2050, growing from 126.5 million to 446.6 million?! By the year 2017, the world — for the first time — will have more people 65 and older than children younger than 5. With so many people coming into “elderhood”, celebrating and honoring our older adults and empowering them to contribute and live rich, quality lives in their golden years will benefit all of society.

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Posted on Friday, Apr. 21st 2017 5:53 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Do You Know How to Use Medicare’s Preventive Services Part 1

Wednesday, Apr. 5th 2017 6:55 AM

Point 1: Know which preventive and screening services Medicare covers.

For those new to Medicare, Medicare covers a one-time Welcome to Medicare visit within the first 12 months you have Part B. You are also eligible for an Annual Wellness Visit to manage your health care. Medicare’s more specific preventive services that help detect potentially serious conditions include exams, shots (such as flu shots), lab tests, and screenings (such as HIV screenings). To help you take care of your own health, it also covers programs for health counseling (such as nutrition and smoking cessation counseling), and education (such as diabetes self-management training).

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Posted on Wednesday, Apr. 5th 2017 6:55 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, $42 Billion Saved, The Power of Medicare Fraud Prevention

Thursday, Jan. 5th 2017 6:11 AM

Did you hear that our country’s fraud prevention efforts in fiscal years 2013 and 2014 resulted in $42 billion saved? That is an average of $12.40 saved for every $1 spent on fraud prevention efforts! This is a huge success for both the health and safety of beneficiaries and our Medicare program. Preventing Medicare fraud doesn’t just save the government money, it also protects beneficiaries from having unnecessary tests, being prescribed drugs or treatment they don’t need and that could be harmful to their health, and it ensures the health and longevity of the Medicare program for future generations.

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Posted on Thursday, Jan. 5th 2017 6:11 AM | by Share of Cost | in Social Security | No Comments »

Share of Cost, Making Medicare Enrollment Clear and Simple

Saturday, Dec. 31st 2016 6:29 AM

The enrollment process for Medicare has not been updated for over 50 years when Medicare began. As a result 3/4 of a million Americans are paying a lifetime late enrollment penalty on their Medicare Part B premiums that is sometimes 30% or more of the current premium amount. In the past, most people who qualified for Social Security benefits at 65 years of age, were also then automatically enrolled into Medicare (as 65 is the general age of Medicare eligibility). Yet, now people born between 1948-1960 don’t qualify for full Social Security benefits until ages 66 to 67. (Full retirement age for people born in 1960 or later is 67). Also, more people are working longer and actively delaying the collection of their Social Security benefits. This means more and more people are no longer automatically enrolled in Medicare when turning 65. Yet, the federal government has no a formal notification system to let these people know about their Medicare eligibility, how and when to enroll and the financial consequences for not enrolling when first eligible.

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Posted on Saturday, Dec. 31st 2016 6:29 AM | by Share of Cost | in Social Security | No Comments »