Three Big Wins for Retired People in New Budget Act

People of retirement age and their families scored three significant victories in the budget act passed by Congress. 1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were going to have their benefits automatically cut by 20 percent in 2016. That’s been stopped. No current recipient will lose a cent of Social Security benefits. Social Security Calculator: When Should You Claim Your Benefits? » 2. We halted skyrocketing Medicare premiums. Millions of Medicare recipients …

How the Budget Deal Blunts Medicare Cost Increases, Tweaks Social Security

The bipartisan budget agreement reached by the White House and congressional leaders wards off a spike next year in Medicare premiums and deductibles for millions of older Americans as well as ensures full Social Security disability benefits to millions who had faced steep cuts. President Barack Obama signed the accord Nov. 2 after the House of Representatives adopted it Oct. 28 and the Senate Oct. 30. In a letter to Congress, AARP CEO Jo Ann Jenkins applauded the agreement: “Your …

It Pays to Compare Your Medicare Plan Options

It’s that time of year again: Medicare Open Enrollment. Open enrollment is the one time of year when you can re-evaluate your Medicare health and prescription drug plans and switch to ones that offer better coverage or save you money. By now you should have received your Annual Notice of Change packet of information in the mail. It’s very important to take the time to sit down and review this information to see if you want to make any changes …

Sin aumento de COLA, el Congreso debería aprobar ‘Medicare Fix’

En inglés |  AARP envió la siguiente carta al Congreso el 14 de octubre. AARP se muestra preocupada ya que por tercera vez en 40 años, no habrá un ajuste por costo de vida para los beneficios del Seguro Social en el 2016. Para empeorar la situación, debido a eso, el 30% de los beneficiarios de Medicare enfrentarán un aumento drástico en su prima mensual de Medicare Parte B y todos los beneficiarios de Medicare tendrán un aumento en el …

With No COLA Increase, Congress Should Pass Medicare Fix

AARP sent the following letter to Congress on Oct. 14. AARP has deep concern that for only the third time in over 40 years, there will be no Social Security cost-of-living adjustment for 2016. To make matters worse, as a result, 30 percent of Medicare beneficiaries will see their monthly Medicare Part B premium dramatically increase, and all Medicare beneficiaries will experience an increase in their Part B deductible. Congress should protect the 16.5 million Medicare beneficiaries — which includes new …

It’s a Shame: Low-Income Medicare Beneficiaries Continue to Be Plagued With Balance Billing

Federal law prohibits traditional Medicare and Medicare Advantage providers and suppliers from billing people who are qualified Medicare beneficiaries (QMBs) for Medicare deductibles, coinsurance and copayments — a practice known as balance billing. Qualified Medicare beneficiaries (QMBs) are people with Medicare who have incomes at or below 100 percent of the federal poverty level — or a higher level set by their state — and very few resources. In spite of the prohibition, many QMBs are receiving and, out of …