Seniors Forced to Give Up Retirement Benefits to Get Medicare

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

In total, 12 states only provided retirees with Medicare Advantage instead of allowing them to choose between traditional Medicare and the privatized options.

Seniors might be forced to go without certain benefits when they're on Medicare, depending on the state they live in, a new report found.Historically, employers who offered health benefits to retirees typically only did so in a supplementary way, as an extra support for deductibles or coinsurance with added dental and vision coverage occasionally. But many companies now offer fuller coverage through Medicare Advantage.

Read more: Best Place to Put Your Benefits: CD vs. High-Yield Savings AccountMedicare Advantage may be chosen by states looking to reduce their overall health care costs. The state of Connecticut previously said it predicted it would save $400 million over the span of three years by changing its Medicare Advantage administrator, and New York City has also calculated similar savings of $600 million per year by switching to Medicare Advantage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden’s Inflation Reduction Act Screws Seniors with the Biggest Medicare Premium Increase EverSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Give Me An Air Conditioner Or Give me Cash?I am a professor of accounting at the Johns Hopkins Carey Business School and a professor of health policy & management at the Johns Hopkins Bloomberg School of Public Health. An expert on healthcare accounting, finance, and policy, I have testified in Congress, written for popular press, and published my research in leading academic journals.
Source: ForbesTech - 🏆 318. / 59 Read more »

Deadline for Seniors To Receive $1,000 Rebate Changes in One StateThe Property Tax/Rent Rebate program is available for older Pennsylvanians and those that are living with disabilities.
Source: Newsweek - 🏆 468. / 52 Read more »

2024 Super 36 softball rosters: Which seniors made the state All-Star Game?Check out which senior softball players will compete in this year's state All-Star Game.
Source: njdotcom - 🏆 282. / 63 Read more »

U.S. spending on interest tops national defense, MedicareCongress has spent more money on interest so far this year than it has spent on both national defense and Medicare.
Source: komonews - 🏆 272. / 63 Read more »

'It doesn't matter our age gap': High school seniors become pen pals with senior citizensHigh school seniors in North Carolina spent this past semester writing letters back and forth to other seniors – senior citizens, that is.
Source: WGAL - 🏆 331. / 59 Read more »