Out-of-pocket health care costs would increase, on average, by $4,300 in 2014 for 960,000 people aged 65 and 66 who purchase coverage through a health insurance exchange and have incomes exceeding 400 percent of the federal poverty level ($43,560), making them ineligible for subsidies available to exchange participants with lower incomes. Under current law, these 65- and 66-year-old retirees’ average out-of-pocket costs would be $6,800 in 2014, out of a total Social Security benefit of $24,469. If forced out of Medicare and onto the health insurance exchanges, their average out-of-pocket health care costs would grow to $11,100, out of a total Social Security benefit of $24,469. [Figure 1] As a result, if the Medicare eligibility age is raised, out-of-pocket health care costs would go from consuming 28 percent to 45 percent of those 65- and 66-year-old retirees’ Social Security check.
Video: Medicare Eligibility
Mitt Romney Has a Medicare Plan
The plan has two major things in common with the Medicare reforms that House budget chairman Paul Ryan (R-Wis.) proposed earlier this year. First, it would provide seniors with a specified amount of money to purchase health benefits. The level of benefits would depend on the recipient’s income, as those with lower incomes would get more money to spend on Medicare. Second, it would allow private carriers into the Medicare space with two key requirements: They would have to provide a set of benefits comparable to the entitlement program and offer coverage to any senior who applied. The argument is that prices would drop as Medicare plans compete for business.
Medicare Part B Eligibility Defined
What does Part B cover? Part B helps cover only the medically necessary services like the following: (a) tests, labs and screenings, (b) preventive services include exams, lab tests, or screening inoculations that will help prevent, manage, or diagnose a medical problem, (c) glaucoma tests which is done once per year if performed by a legally authorized eye examiner, (d) bone mass measurement every two years, (e) diabetic screenings coverage if you have high blood pressure, dyslipidemia, obesity, or high blood sugar, (f) diabetic supplies coverage include monitors, test strips, lancet devices, and therapeutic shoes, (g) diabetic self-management training if prescribed by your doctor, (h) cardiovascular screenings to help prevent heart attack or stroke are covered. A screening consists of testing your triglyceride, lipid, and cholesterol levels every five years.
Raising the Medicare Eligibility Age Costs Money
The fundamental purpose of deficit reduction is to strengthen the economy over the long term. The relentless rise in health care costs is the key driver of projected long-term deficits that policymakers must address. But reducing federal health care costs by raising state and private-sector health care costs even more makes little sense, as it only increases the burden that health care costs place on the economy as a whole. The goal should be to slow the growth of health care costs system-wide, while extending coverage to all Americans. This proposal does just the opposite on both fronts — raising costs system-wide and increasing the ranks of the uninsured.
Separating Fact from Fiction – Medicare Eligibility
Joppel, a decision support tool, website and call center for Medicare beneficiaries, seniors and caregivers is the Medicare division of HealthCompare Insurance Services Inc. Joppel provides a wealth of information, offers expert guidance from licensed agents, and utilizes a consumer-friendly on-line tool for those eligible for Medicare. If you or a loved one is about to become eligible for Medicare, you should visit the Joppel site today.
Vets, Medicare Beneficiaries Worry About Future Health Coverage
Boston.com: Seniors Protest Proposed Medicare Eligibility Change Senior citizens clad in flapping hospital johnnies and hoisting signs reading “Keep seniors covered” took the streets of downtown Boston to protest the proposed increase in the eligibility age for Medicare. … The protesters said the statewide [hospital] association … [advocates] raising the eligibility age for Medicare from 65 to 67 to help reduce the federal budget. But the hospital association says it has not advocated any specific proposals before the congressional super committee examining the budget cuts and that Massachusetts hospitals have already accepted lower Medicare reimbursements as part of the federal Affordable Care Act (Fox, 10/21).
Daily Kos: Hospitals lobby for Medicare eligibility age hike
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Raising the Medicare Eligibility Age Will Actually INCREASE Costs
Policymakers and pundits continue to propose Medicare changes that would have severe repercussions for beneficiaries and their families. These proposals will continue to make news as deficit discussions heat up. Too often, however, they are based on false information, which is repeated as fact by the media, pundits and policymakers. We aim to correct public misinformation about Medicare.