Tag: Medicare beneficiaries

2020 Brings Major Changes To Medicare Beneficiaries

Colorado Gerontological Society via 50 Plus Marketplace News for northern Colorado seniors

Each year as we near the end of the year, Medicare beneficiaries are encouraged to review their current coverage and decide if the plan(s)n in which they are enrolled still meets their needs. This year is no different. One big difference this year is Medicare Part D. Since Congress has not acted, beneficiaries will be …

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Congress Must Act to Keep Prescription Drug Costs From Rising

Colorado Gerontological Society via 50 Plus Marketplace News for northern Colorado seniors

A massive increase in the out-of-pocket prescription drug costs for Colorado older adults is looming in the months ahead unless Congress steps in to fix the “out-of-pocket cliff ”. Many Medicare beneficiaries who have benefited from the Part D program have experienced a decrease in the cost of prescription drugs in the donut hole. The …

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Thousands of Seniors Eligible for Help with Medicare Part B Premiums

Colorado Gerontological Society via 50 Plus Marketplace News for northern Colorado seniors

On January 1, most Medicare beneficiaries were expecting an increase in their Social Security check. However, many seniors did not see any of the increase as the Medicare Part B premium also increased to $134. The end result is that for many Medicare beneficiaries, the Social Security increase was used to pay the increase in …

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ACA: How It Will Effect Medicare Beneficiaries

Colorado Gerontological Society via 50 Plus Marketplace News for northern Colorado seniors

In 2028, Medicare Part A Health Insurance Trust Fund is projected to cover about 87% of the costs for hospital care, skilled rehabilitation, home health and hospice care. Without changes to the payroll taxes, it is projected that only 79% of the claims will be paid by 2040. Medicare Part B (physician and other services) …

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