Medicaid Expansion Helps Cut Rate of Older, Uninsured Adults From 12% to 8%

The health law’s expansion of Medicaid coverage to adults with incomes over the poverty line was key to reducing the uninsured rate among 50- to 64-year-olds from nearly 12 percent to 8 percent in 2014, according to a new analysis. “Clearly most of the gains in coverage were in Medicaid or non-group coverage,” says study coauthor Jane Sung, a senior strategic policy adviser at the AARP Public Policy Institute, which conducted the study with the Urban Institute. Under the health …

Reverse Mortgages Now Harder to Get

If you’ve thought about taking out a reverse mortgage, be aware that new rules that recently kicked in might make it harder for you to qualify. The U.S. Department of Housing and Urban Development tightened lending criteria late last month. The changes require that lenders determine whether would-be borrowers have enough income to keep up with property taxes and homeowners insurance so they don’t default on the loan and, possibly, lose their home. HUD’s Federal Housing Administration insures most reverse mortgages. …

AARP Member Leads Effort to Stop Neighbor’s Eviction

Sometimes it takes a village to help a neighbor, and retiree Robert Bennett is mighty grateful for folks in his town on the banks of Maryland’s Chesapeake Bay. A resident in Bennett’s Annapolis community, situated between Baltimore and Washington, D.C., recently raised $15,000 in six days through an online GoFundMe campaign to help him stay in his home. Bennett was threatened with foreclosure if he didn’t come up with $13,000 by the end of this month to pay back taxes and insurance. Read: …

Supreme Court Hears Challenge to Health Care Law

For the second time in three years, the federal Affordable Care Act went before the Supreme Court on Wednesday. And before a packed courtroom, a divided group of justices mostly picked up right where they left off the last time. Once again, commentators and experts were left to wonder where Chief Justice John Roberts and Justice Anthony Kennedy, considered swing votes in the case, stand. A decision is expected by the end of June. Unlike in 2012, the current case, …

Rate of Americans Without Health Insurance Hit New Low in 2014

WASHINGTON (AP) — The share of Americans without health insurance dropped to its lowest level in seven years in 2014 as President Barack Obama’s overhaul took full effect, according to an extensive survey released Tuesday. The Gallup-Healthways Well-Being Index found that the trend appears likely to continue this year, since 55 percent of those who remained uninsured told the pollster they plan to get coverage rather than face escalating tax penalties. No state saw a statistically significant increase in the …

Tax Time Reprieve for Obamacare Procrastinators

The Obama administration said Friday it will allow a special health law enrollment period from March 15 to April 30 for consumers who realize while filling out their taxes that they owe a fee for not signing up for coverage last year. The special enrollment period applies to people in the 37 states covered by the federal marketplace, though some state-run exchanges are also expected to follow suit. People will have to attest that they first became aware of the …