Download or read book Medicare Savings Programs written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Medicare Savings Programs written by and published by . This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Low income Medicare Beneficiaries written by United States. General Accounting Office and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Low income Medicare Beneficiaries written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1992 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Qualified Medicare Beneficiaries written by Ohio. Department of Human Services. Office of Communications and published by . This book was released on 1991 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Helping Those who Need it Most written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2004 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Medicare Part D written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hearing on Medicare Programs for Low income Beneficiaries written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Health and published by . This book was released on 2009 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Medicare Savings Programs Results of Social Security Administration s 2002 Outreach to Low Income Beneficiaries written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Qualified Medicare Beneficiaries written by Ohio. Department of Human Services and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Medicare written by Patricia A. Davis and published by Createspace Independent Pub. This book was released on 2012-11-18 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Medicare is a federal insurance program that pays for covered health care services of most individuals aged 65 and over and certain disabled persons. In 2012, the program is expected to cover 50 million persons (41 million aged and 9 million disabled) at a total cost of $586 billion. Most individuals (or their spouses) who are 65 and older, and have worked in covered employment and paid Medicare payroll taxes for 40 quarters. receive premium-free Medicare Part A (Hospital Insurance). Those entitled to Medicare Part A (regardless of whether they are eligible for premium-free Part A), have the option of enrolling in Part B, which covers such things as physician and outpatient services and medical equipment. Beneficiaries have a seven-month initial enrollment period, but those who enroll in Part B after their initial enrollment period and/or reenroll after a termination of coverage may be subject to a “delayed enrollment penalty” which is equal to a 10% surcharge for each 12 months of delay in enrollment and/or reenrollment. Under certain conditions, select beneficiaries are exempt from the delayed enrollment penalty; these include working individuals (and their spouses) with group coverage, some military retirees, and some international volunteers. While Part A is financed primarily by payroll taxes paid by current workers, Part B is financed through a combination of beneficiary premiums and federal general revenues. The Balanced Budget Act of 1997 (P.L. 105-33) permanently set standard Part B premiums to cover 25% of projected per capita Part B program costs for the aged, with federal general revenues accounting for the remaining amount. In general, if projected Part B costs increase or decrease, the premium rises or falls proportionately. Most Part B participants must pay monthly premiums, which do not vary with a beneficiary's age, health status or place of residence. However, since 2007, higher-income enrollees pay higher premiums to cover a higher percentage of Part B costs. Premiums of those receiving benefits through Social Security are deducted from their monthly payments. Additionally, certain low-income beneficiaries may qualify for Medicare cost-sharing and/or premium assistance from Medicaid through a Medicare Savings Program. The Social Security Act includes a provision that holds most Social Security beneficiaries harmless for increases in the Medicare Part B premium; affected beneficiaries' Part B premiums are reduced to ensure that their Social Security checks do not decline from one year to the next. Each year, the Centers for Medicare & Medicaid Services (CMS) determines the Medicare Part B premiums for the following year. The standard monthly Part B premium for 2012 is $99.90. Higher-income beneficiaries, currently defined as those with incomes over $85,000 a year, or couples with incomes over $170,000 per year, pay $139.90, $199.80, $259.70, or $319.80 per month, depending on their income levels. Current issues related to the Part B premium that may come before Congress include the amount of the premium and the rate of increase in recent years (and the potential net impact on Social Security benefits), modifications to the late enrollment penalty, and possible increases in Medicare premiums as a means to reduce federal spending and deficits.
Download or read book Medicare written by Patrcia A. Davis and published by . This book was released on 2012-12-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Medicare is a federal insurance program that pays for covered health care services of most individuals aged 65 and over and certain disabled persons. In 2012, the program is expected to cover 50 million persons (41 million aged and 9 million disabled) at a total cost of $586 billion. Most individuals (or their spouses) who are 65 and older, and have worked in covered employment and paid Medicare payroll taxes for 40 quarters. receive premium-free Medicare Part A (Hospital Insurance). Those entitled to Medicare Part A (regardless of whether they are eligible for premium-free Part A), have the option of enrolling in Part B, which covers such things as physician and outpatient services and medical equipment. Beneficiaries have a seven-month initial enrollment period, but those who enroll in Part B after their initial enrollment period and/or reenroll after a termination of coverage may be subject to a "delayed enrollment penalty" which is equal to a 10% surcharge for each 12 months of delay in enrollment and/or reenrollment. Under certain conditions, select beneficiaries are exempt from the delayed enrollment penalty; these include working individuals (and their spouses) with group coverage, some military retirees, and some international volunteers. While Part A is financed primarily by payroll taxes paid by current workers, Part B is financed through a combination of beneficiary premiums and federal general revenues. The Balanced Budget Act of 1997 (P.L. 105-33) permanently set standard Part B premiums to cover 25% of projected per capita Part B program costs for the aged, with federal general revenues accounting for the remaining amount. In general, if projected Part B costs increase or decrease, the premium rises or falls proportionately. Most Part B participants must pay monthly premiums, which do not vary with a beneficiary's age, health status or place of residence. However, since 2007, higher-income enrollees pay higher premiums to cover a higher percentage of Part B costs. Premiums of those receiving benefits through Social Security are deducted from their monthly payments. Additionally, certain low-income beneficiaries may qualify for Medicare cost-sharing and/or premium assistance from Medicaid through a Medicare Savings Program. The Social Security Act includes a provision that holds most Social Security beneficiaries harmless for increases in the Medicare Part B premium; affected beneficiaries' Part B premiums are reduced to ensure that their Social Security checks do not decline from one year to the next. Each year, the Centers for Medicare & Medicaid Services (CMS) determines the Medicare Part B premiums for the following year. The standard monthly Part B premium for 2012 is $99.90. Higher-income beneficiaries, currently defined as those with incomes over $85,000 a year, or couples with incomes over $170,000 per year, pay $139.90, $199.80, $259.70, or $319.80 per month, depending on their income levels. Current issues related to the Part B premium that may come before Congress include the amount of the premium and the rate of increase in recent years (and the potential net impact on Social Security benefits), modifications to the late enrollment penalty, and possible increases in Medicare premiums as a means to reduce federal spending and deficits.
Download or read book The Role of the Asset Test in Targeting Benefits for Medicare Savings Programs written by Laura Summer and published by . This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Qualified and Specified Low income Medicare Beneficiaries written by Ohio. Department of Human Services. Office of Communications and published by . This book was released on 1996 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security Amendments of 1967 written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1967 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Forum Session Announcement Restructuring Medicare Cost Sharing written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, both the Committee on Ways and Means and the Committee on Energy and Commerce of the U. [...] In its June 2012 report, the Medicare Payment Advisory Commission recommended that Congress instruct the Secretary of Health and Human Services to redesign traditional Medicare Part A and B cost sharing.2 And over the past three years, staff of the Con- gressional Budget Office and researchers from think tanks, founda- tions, and academia have modeled various restructuring proposals to assess thei. [...] Other proposals seek to include catastrophic protection and structure Medicare's cost sharing to more closely resemble commercial health insurance.3 Re- gardless of their underlying goals, these proposals typically include a unified deductible for Parts A and B, coinsurance or copayments for all services, a cap on out-of-pocket expenses, and the creation of incentives or restrictions to reduce the. [...] (See Table 1 for a description of the MSP programs' benefits and their eligibility criteria.) TABLE 1 Medicare Savings Programs: Eligibility Criteria and Benefits, 2013 PROGRAM INCOME ASSETS (Individuals/Couples)† BENEFITS Qualified Medicare Beneficiary (QMB) Above Medicaid levels and at or below 100% of the FPL* $7,080/$10,620 Pays premiums, deductibles, coinsurance for Parts A and B; Full LIS‡ f. [...] Stephen Zuckerman, Baoping Shang, and Timothy Waidmann, "Policy Op- tions to Improve the Performance of Low Income Subsidy Programs for Medicare Beneficiaries," The Urban Institute Health Policy Center, January 2012, available at www.urban.org/UploadedPDF/412494-Policy-Options-to-Improve-the- Performance-of-Low-Income-Subsidy-Programs-for-Medicare-Beneficiaries.pdf; Stan Dorn and Baoping Shang, "S.
Download or read book Qualified Medicare Beneficiary Special Low income Medicare Beneficiary Program written by and published by . This book was released on 1993 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt:
