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 …

Medicare cubrirá procedimientos para cambio de sexo

En una noticia que ha sido catalogada como histórica, el Departamento de Salud y Servicios Humanos (HHS por sus siglas en inglés) determinó que las cirugí­as de cambio de sexo podrán ser financiadas por el programa Medicare, siempre y cuando el paciente cumpla con todos los requisitos. Los pacientes que soliciten la cirugí­a serí­an evaluados fí­sica o sicológicamente como si se tratara de cualquier otro procedimiento médico. Anteriormente las peticiones eran rechazadas automáticamente como en el caso de Denee Mallon, …

Not Everyone Is Living Longer

When it is unveiled in the coming weeks, the Social Security Trustees report will no doubt prompt the program’s critics to call for change, as it does each year. And one of their suggestions will likely be to raise the age of eligibility for Social Security and Medicare benefits. It sounds so reasonable. Isn’t everybody living longer? Unfortunately, the answer is no. >> Sign up for the AARP Advocacy Newsletter The truth is that gains in life expectancy are not …

Medicare Lifts Ban on Sex-Change Surgery

By Lisa Leff of The Associated Press SAN FRANCISCO – Medicare can no longer automatically deny coverage requests for sex-reassignment surgeries, a federal board ruled Friday in a groundbreaking decision that recognizes the procedures are medically necessary for people who don’t identify with their biological sex. Ruling in favor of a 74-year-old transgender Army veteran whose request to have Medicare pay for her genital reconstruction was denied two years ago, the agency’s Departmental Appeals Board said there was no justification …

Medicare Overpays $6.7 Billion for Patient Evaluation Services

Medicare spent $6.7 billion too much in 2010 by “inappropriately” paying claims from physicians who had submitted the wrong billing codes or no documentation at all for certain services, according to a new report from the inspector general of the U.S. Department of Health and Human Services (HHS). Although that amount was a small fraction of Medicare’s total spending of more than $525 billion in 2010, it still added up to 21 percent of what Medicare paid for all “evaluation …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. The bones of a seven-story-tall dinosaur, called the largest creature ever to walk the earth, were discovered in Argentina. (Learn more at NPR) 2. The outgoing Indian prime minister had 1.24 million Twitter followers before he reset the government account, making the new PM start over. (Learn more at Quartz) Honorable Outgoing PM Dr Manmohan Singh farewell speech to the nation Full Speech: http://t.co/Z7NrGabt1R pic.twitter.com/An6GyIlBRI – Yuva Desh (@yuvadesh) May 17, 2014 3. The residents of Paraguay are …