Please see the below article written by the Wall Street Journal. My question is if the cost of that care is shifted before deductible in high deductible plans tied to HSA’s won’t the premium skyrocket?
There will be many seniors, a quarter million that might receive bills for as many as five months of premiums that they thought they paid. This is not a scam or a mistake so please don’t toss the notice in the garbage. For more see the link below.
Many medicare beneficiaries think that once enrolled in Medicare, long term care will be paid in full. By definition the needs for LTC would be if you could not perform one or two of the six activities of daily living (ADL’s.) Eating, bathing, getting dressed, toileting, […]
Entitlements are promised and after time run into funding issues. Medicare our backbone of medical insurance for the 65+ population looks to be insolvent by 2026. Just to give you an idea Medicare’s hospital and outpatient care, and RX drug benefit totaled about $740 Billion! (740,000,000,000) last year.
We hear about stories of Medicare fraud. Yet the amounts that are found in scams get bigger and bigger. This still is the tip of the ice berg. This costs us millions a year. Medicare pays quickly before potential frauds get flagged making it a perfect candidate for fraud. […]
The conversation has started again. Offer medical insurance options across state lines. Give the consumers more options? This will bring down the cost of coverage. Not so fast. This would not bring down cost of coverage and could actually increase costs. Medical insurance is expensive because care is expensive.