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Medicare premiums will increase in the y...

For many Americans, Medicare premiums will increase in the year 2017. On New Year’s Day, 2011, the first baby boomers celebrated their 65th birthdays. Baby boomers are the 77 million Americans born between the years, 1946 and 1964. Since that first day of 2011, baby boomers have been turning 65 at a rate of 10,000 per day, and that daily rate will continue until the year 2030. What’s that got to do with Medicare premiums in the year 2017? The difference between the benefits promised and the taxes actually being paid into Medicare is already underfunded by at least $23...

Millions will be facing huge Medicare pr...

About 15 million people are likely to face a significant Medicare premiums. This means three in ten people will be hit with a 25% increase for Medicare Part B and that 70% of people with Medicare will be exempt from paying. Under laws, Medicare premiums cannot be issued for most older adults and those with disabilities if his or her Social Security benefits do not increase. However, those people who are enrolling in Medicare for the first time, or have income-adjustments Medicare premiums, or have Medicaid or Medicare, can face premium increases. And, because the law...

Medicare Part D beginning and ending

Consumer report articles published in August, in the Health and Science section, Poll shows drug prices moving higher”, stated “when people enrolleed in Medicare Part D plan reaches a doughnut hole. The doughnut hole is when Medicare Part D enrollees and the plan have paid $2,960 together or they have to pay fully for medications until the total reaches $3,310. However, this is incorrect for several reasons. In 2015, Medicare enrollees will reach the doughnut hole $2,960, he or she will not pay full price for medications. Instead, they will pay 45% of the plan...

Medicare hike

Thanks to extended and frequent time-outs in 2015, which include backlog of work, Congress will have nine working days until the new fiscal will begin in October 1. Congress is still on August recess until after Labor day. Below are a few things Congress must figure out during this short working month: Medicare Premiums: Will Part B premiums by paid in millions including many retirees remain at $104.90 per month or will remain at one in three will be hit with a $50 per month increase. Health Premiums: Health premiums for 2016 will be released in November. Some will remain...

Working past age 65

Medicare will provide healthcare benefits to millions of Americans, and many will specifically wait until they retire to become eligible for the program at age 65. However; a increasing number of people have chosen to keep working beyond 65 in order to keep earning higher incomes and shore up retirement finances. If you are 56 and older have still have insurance under a employer plan, it might be challenging to figure out the best course of action to take Medicare Lets look closer at a key issue, which as been increasingly important as the population ages, and older...
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