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If you are one of America’s 55 million Medicare beneficiaries (or, if someone in your life is), you need to know about a big, POSITIVE change coming. Starting this month, the U.S. government is mailing out new Medicare cards that have been redesigned to help prevent identity theft. New enrollees will be among the first to get the cards. Current enrollees will get theirs over the next year.
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 for the upcoming year.
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AARP sent the following letter to Congress on Oct. 14.
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En español | On the morning of Aug. 14, 1935, Americans awoke in a country vastly different from the one we know today. The Great Depression had brought us to the point where, in the words of President Franklin D. Roosevelt, “one-third of the nation [was] ill-housed, ill-clad [and] ill-nourished.”
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The U.S. Senate unanimously approved legislation Monday night requiring hospitals across the nation to tell Medicare patients when they receive observation care but have not been admitted to the hospital. It’s a distinction that’s easy to miss until patients are hit with big medical bills after a short stay.
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The federal government popped the cap off drug spending on April 30, detailing doctor-by-doctor and drug-by-drug how Medicare and its beneficiaries spent $103 billion on pharmaceuticals in 2013.
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This post was updated April 21, 2015.
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Social Security remains strong as seen in today's long-term projected outlook by the Social Security Trustees. While today's report reminds us that we must eventually make modest changes to ensure current and future generations of Social Security beneficiaries receive what they've earned, it confirms that Social Security can continue to pay full benefits for nearly two decades.
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If you've ever wondered about the finances of people receiving federally funded Medicare benefits - are they wealthy, poor or somewhere in between? - a new chart provides some clues.
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A congressman is expressing confidence that a bill he sponsored - to fix a problem faced by many Medicare patients who are left without coverage for skilled nursing care - will pass this year.
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