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Medicare and ObamaCare Open Enrollment Periods 2023

  The Medicare Open Enrollment  period starts on October 15, 2022, and continues through December 7, 2022, for coverage beginning January 1,...

Saturday, December 11, 2021

Balancing Medicare and Work-Based Insurance

 The number of working Americans age 65 and older dropped by 1.1 million during the first three months of the pandemic and has been slower to recover than other age groups. Even so, more than 10.8 million workers are eligible for Medicare, and the number is likely to grow as 10,000 baby boomers turn 65 every day until 2030.1–2



Some employers — especially small businesses — may require employees or covered spouses to enroll in Medicare when they are eligible in order to retain their employer-sponsored health insurance. But many workers who are eligible for both types of coverage can choose one or the other, or both. To make an informed decision, it’s important to understand an array of rules and other considerations regarding costs and coverage.

Monday, November 22, 2021

These everyday habits may increase your risk of developing dementia

 Dementia is a significant health risk that can reduce one's quality of life and impose cognitive, as well as mental difficulties. A general term given to the neurodegenerative diseases which cause cognitive impairment, memory loss, impact day-to-day living, behavior, communicative skills, and personality changes. The kind of lifestyle you lead, dietary deficiencies may increase one's chances of developing dementia, memory loss, or aging faster than usual. In particular, these habits can prove to be the most impactful and impact brain health significantly ...

Read more at ET Times Lifestyle

Companies are telling unvaccinated workers to pay more for health insurance

 Now, as Covid cases climb once again, more companies are putting aside carrots and turning to sticks in an effort to protect their workers. From Utah grocery chain Harmons to Wall Street banking giant JPMorgan Chase, companies are telling their unvaccinated workers to get the shots or pay more for health insurance.

Read more at NPR - 5 minute read

Monday, November 15, 2021

Is a High-Deductible Health Plan Right for You?

 In 2020, 31% of U.S. workers with employer-sponsored health insurance had a high-deductible health plan (HDHP), up from 24% in 2015.1 These plans are also available outside the workplace through private insurers and the Health Insurance Marketplace.



Although HDHP participation has grown rapidly, the most common plan — covering almost half of U.S. workers — is a traditional preferred provider organization (PPO).2 If you are thinking about enrolling in an HDHP or already enrolled in one, here are some factors to consider when comparing an HDHP to a PPO.

Thursday, October 21, 2021

What Are States Doing With New Federal Funding For Medicaid Home-Based Long-Term Care?

 What would you do if the federal government gave you a chunk of $12 billion to spend on Medicaid home and community-based care for frail older adults and younger people with disabilities? That is a real question governors have been wrestling for months.

And we now are getting a good sense of the answer: Mostly, they will spend the windfall on one-time bonuses for home care workers ...

Read more at Forbes - 6 min. read

Thursday, October 7, 2021

Disability Income Insurance for Business Owners

 

Disability Income Insurance

One of your greatest assets is the ability to earn an income. If you were to lose that ability due to a disabling accident or illness, how would you pay your bills, send your kids to college, and save for retirement?

A disability can create substantial economic hardship for individuals and their families. As a business owner, both your personal finances and your business could be at risk.

One way to help protect against the financial loss associated with a disability is to purchase disability income insurance. If you pay the premiums, an individual policy can provide you with a tax-free income stream while you are unable to work.

Weigh Your Options

Four Reasons to Review Your Life Insurance Needs

Four Reasons to Review Your Life Insurance Needs

You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don’t have life insurance at all and now you need it. When your life circumstances change, you have a fresh opportunity to make sure the people you love are protected.

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Marriage

When you were single, life insurance might have seemed like an unnecessary expense, but now someone else is depending on your income. If something happens to you, your spouse will likely need to rely on life insurance benefits to meet expenses and pay off debts.

The amount of life insurance coverage you need depends on your income, your debts and assets, your financial goals, and other personal factors. Even if you have some low-cost life insurance through work, this might not be enough. Buying life insurance coverage through a private insurer could help fill the gap.

Monday, September 27, 2021

Pfizer is testing a pill to ward off COVID-19

 Pfizer said Monday that it is now testing a pill that could help people ward off COVID-19 if a close contact, such as family member, gets the virus. 

The drugmaker said it is looking at the efficacy of the pill as used in combination with a low dose of the HIV drug ritonavir in people who are at least 18 years old and live in the same household with someone who has COVID-19.

Read more at CBS NEWS - 2 min read

Sunday, September 26, 2021

This Lab Charges $380 for a Covid Test. Is That What Congress Had in Mind?

At the drugstore, a rapid Covid test usually costs less than $20.

Across the country, over a dozen testing sites owned by the start-up company GS Labs regularly bill $380.

There’s a reason they can. When Congress tried to ensure that Americans wouldn’t have to pay for coronavirus testing, it required insurers to pay certain laboratories whatever “cash price” they listed online for the tests, with no limit on what that might be ...

Read more at New York Times - 10 min. read

Saturday, September 25, 2021

New York Hospitals Face Possible Mass Firings as Workers Spurn Vaccines

 With a Monday deadline looming, thousands of health care workers in the state are risking their jobs by not getting a coronavirus vaccine.

Read more in The New York Times

Covid Test Maker Cue Health Goes Public At $2.3 Billion Valuation As Demand Surges

 Covid-19 test maker Cue Health went public on Friday at a valuation of nearly $2.3 billion. The company's Covid-19 test delivers results in about 20 minutes and uploads them to a mobile app. It's used by a wide variety of customers including the Pentagon and Mayo Clinic.

Read more in Forbes

Friday, September 24, 2021

What a Relief! Congress Acts Against Surprise Medical Bills

 

If you have ever been caught off-guard by a large medical bill, a long-running practice known as balance billing might be the reason. A balance bill — which is the difference between an out-of-network provider’s normal charges for a service and a lower rate reimbursed by insurance — can amount to thousands of dollars.



Many consumers are already aware that it usually costs less to seek care from in-network health providers, but that’s not always possible in an emergency. Complicating matters, some hospitals and urgent-care facilities rely on physicians, ambulances, and laboratories that are not in the same network. In fact, a recent survey found that 18% of emergency room visits resulted in at least one surprise bill.1

Wednesday, September 22, 2021

Their Baby Died in the Hospital. Then Came the $257,000 Bill.

 New York Times via yahoo!news

Alexandra initially thrived in the neonatal intensive care unit at Mount Sinai West.  Lane, 35, recalls the nurses describing her daughter as a "rock star" because she grew so quickly.  But her condition rapidly worsened after an infection, and Alexandra died early on the morning of Jan. 15 at 25 days old.

Read more - 8 min. read

Monday, September 20, 2021

More companies consider health insurance upcharges for unvaccinated

 via The Denver Channel

Some companies have offered cash to workers who get the vaccine, but as the cost of treating COVID-19 cases skyrocket, businesses are hiking insurance premiums, a penalty for employees who choose to remain unvaccinated.

Read more - 5 min. read

Sunday, September 19, 2021

Medicare and Obamacare Open Enrollment Periods 2022