MEDICARE 2020 FIGURES MEDICARE PART A: HOSPITAL SERVICES Inpatient hospital deductible $1,408/illness Daily co-insurance $0/day 1-60 $352/day 61-90 $704/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 – 20 $176/day 21 – 100 Part A Premiums For those not otherwise entitled to Part A Benefits who purchase Medicare coverage Medicare Covered Employment –… Read More »
Posts Categorized: Medicare
The Trump Policy Analysis Group (TPAG) – Focusing on Older Americans and those with Special Needs
The Trump Policy Analysis Group (TPAG)  has convened to consider probable changes in law that will affect older Americans and those with special needs. Initial TPAG focus is on entitlements, public benefits, tax, special needs planning, and veterans’ benefits. We used a three-fold analysis: stated policy (declared Trump policies and those of the Republican Congressional… Read More »
Medicaid versus Medicare – FAQs
I always get Medicaid and Medicare confused – Can you tell us the difference? Distinguishing between Medicare and Medicaid can be confusing, but there are several key differences between the two. Medicare: Generally, Medicare is available for people age 65 or older, younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure… Read More »
Important Medicare Adjustments for Skilled Nursing Facilities Care
In the current world of uncertainty, the words of Helen Keller ring true, “Alone we can do so little, together we can do so much”. With every day being so unpredictable, it is nice to see that the Centers for Medicare & Medicaid Services (CMS) has been working to try and make this chaos more… Read More »
What is the Difference Between Original Medicare and Medicare Advantage?
There is a significant amount of mystery and misunderstanding about the differences between Original Medicare and Medicare Advantage that can be harmful when seniors and individuals who are eligible for Medicare consider what plan is best for them. What is Medicare? Medicare is a federal government health insurance program that gives you health care if… Read More »
What to know for Medicare Fall Open Enrollment?
It is that time of year again – Fall Open Enrollment for Medicare. Fall Open Enrollment, also referred to as the Annual Coordinated Election Period, runs from October 15 through December 7. During this period you can join a new Medicare Advantage Plan or stand-alone prescription drug plan (Part D) for the following year…. Read More »
2019 Medicare Figures
This update provides new Medicare figures for 2019. Medicare Part A: Hospital Services Inpatient hospital deductible $1,364/illness Daily co-insurance $0/day 1-60 $341/day 61-90 $682/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 – 20 $170.50/day 21 – 100 Part A Premiums for those not otherwise entitled to Part A benefits who purchase Medicare… Read More »
Have you received your new Medicare Card yet?
Medicare recipients who reside in New York should keep an eye out for their new Medicare card. In an effort to prevent fraud, and fight identity theft, the federal government is issuing new Medicare cards to all Medicare beneficiaries that will no longer have Social Security numbers on them. The federal government began mailing the… Read More »
Join Us For An Upcoming Seminar: How to Qualify for Medicaid and Protect your Assets
Date: Aug 15, 2018 Time: 10:00 AM – 11:30 AM Location: Alzheimer’s Disease Resource Center Address: 45 Park Avenue, Bay Shore, NY 11706 Join Frank L. Buquicchio, JD, CELA, CAP for this Free Educational Seminar and Learn: How to Access Quality Long Term Care How to Pay for Long Term Care How to Protect your Assets and Income… Read More »
2018 Medicare Figures
This update provides new Medicare figures for 2018. This is the first of a four-part series of updates for 2018. Medicare Part A: Hospital Services Inpatient hospital deductible $1,340/illness Daily co-insurance $0/day 1-60 $335/day 61-90 $670/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 – 20 $167.50/day 21 – 100 Part A Premiums… Read More »
Social Security Beneficiaries Can Expect a 2 Percent Increase in 2018
In 2018, recipients of Social Security will see a 2 percent increase in benefits due to the rise of cost-of-living. This adjustment in cost-of-living is the highest of its kind since 2012. Last year, there was only a .3 percent rise and in 2016, there was no change at all. Although this increase is good… Read More »
Are You Taking Advantage of Medicare’s Free Preventative Services?
When we are young, we tend to think that we are invincible. As we age, we find out that taking care of ourselves is more important than ever. Normal aging affects our bones, joints and heart. For this reason, preventative care is key to avoid aging that could be harmful to your health. If you… Read More »
Does Your Spouse Share Your Goals for Retirement?
Couples in their 60s may be found discussing upcoming vacations, their children and potential home improvements. However, there is one vital subject that is often ignored: their future retirement. Failing to discuss important details of retirement such as, where and when you’ll both retire can cause serious financial and marital problems. In a 2015 fidelity… Read More »
Do I Qualify for Supplemental Security Income?
Social Security is a retirement benefit for individuals who are working and contributing to the social security system. However, it also has a benefit for disabled workers and disabled individuals. Supplemental Security Disability Social Security Disability (SSD) is a plan that functions under the Social Security umbrella. If you’ve contributed to the Social Security system,… Read More »
What is the Difference Between Medicare and Medicaid?
Although Medicare and Medicaid are both federally funded health insurance programs, they have different eligibility requirements and the benefits differ. Who is eligible for Medicare? Who is eligible for Medicaid?
Medicare 2017 Figures
This update provides new Medicare figures for 2017. This is the first of a four-part series of updates for 2017. Medicare Part A: Hospital Services Inpatient hospital deductible $1,316/illness Daily co-insurance $0/day 1-60 $329/day 61-90 $658/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 – 20 $164.50/day 21 – 100 Part A Premiums… Read More »
Can a Healthcare Agent Decide Who Visits a Patient?
If you are an agent under a healthcare proxy for a loved one, you may be faced with some difficult questions and issues from time-to-time.