Pay Less for Your Prescription Drugs

By Nicole Duritz The dog days of August are the most likely time for Medicare Part D participants to fall into the “doughnut hole” and see their prescription costs rise. With AARP resources, you can see if you’re at risk of falling in, and find options for lowering your drug costs. The Doughnut Hole Each year, 19 percent of Medicare Part D beneficiaries fall into the doughnut hole. Once the amount of money you and your insurance company pay for …

Head of Connecticut Health Exchange to Lead Healthcare.gov

By Jeff Cohen, WNPR, and Diane Webber, Kaiser Health News This story is part of a partnership that includes WNPR, NPR and Kaiser Health News. Kevin Counihan, the head of Connecticut’s health insurance marketplace, will be the new CEO of healthcare.gov, the website that 36 states use to sell insurance under the Affordable Care Act, the administration announced Tuesday. Department of Health and Human Services (HHS) Secretary Sylvia Burwell tapped Counihan to lead the site as part of a revamped …

Do a Midyear Checkup on Your Health Care Subsidy

Maybe you thought your work was done once you bought health insurance for the year on one of the government-run exchanges. Not quite. The IRS and other tax experts say now is a good time to revisit that purchase to make sure you’re getting the federal premium assistance you’re entitled to. Whether you’re getting too little - or too much and have to repay it later - there’s still time to contact the exchange and correct any errors for this year. >> Birthday …

Are Medical Credit Cards Unhealthy for Your Finances?

You need some expensive medical care yet don’t have the insurance or money to pay for it. Should you use a medical credit card that’s pitched at some doctors’ offices? A new report by the nonprofit Consumer Action warns that some of these cards can be unhealthy for your finances. They usually offer a zero percent introductory rate, though after that period, card terms can vary greatly. The problem is that these terms often are difficult to uncover. So patients …

Retiring Early? Pony Up $51,000 Extra for Health Care, Fidelity Says

Are you and your spouse thinking about retiring early? Doing so can cost you, as a couple, an extra $17,000 a year in medical costs, according to a Fidelity Investments analysis. The Boston-based investment company compared the projected average health care costs of couples retiring this year at age 65 with those of couples retiring as early as age 62 and as late as 67. It assumed they would have Medicare coverage at 65, although the analysis doesn’t include costs for nursing home and …

Just How Strong Did Healthcare.gov Finish?

By Phil Galewitz, Senior Correspondent, Kaiser Health News Obama administration officials predict that health insurance premiums will be stable next year despite concerns that not enough young and healthy people signed up through the online insurance exchanges. “The risk pool is fundamentally large and varied to support that kind of pricing … in every state,” said Mike Hash, the director of the Health and Human Services Department’s office of health reform. “We believe … premiums will be stable.” The upbeat …