The way the pandemic affects Medicare is broad. Here are answers to some of the biggest questions Medicare beneficiaries are asking themselves right now.
At greater risk from COVID-19, some seniors now face added anxiety due to delays obtaining Medicare coverage.
This is the fourth consecutive year that the Medicare trustees have issued a warning of the need for reform. Thus far, those warnings have been ignored.
If you're on Medicare, here's what you need to know.
The Medicare board of trustees held steady with its prediction on when the program’s hospital fund will run dry: 2026.
Prior to the onset of the COVID-19 crisis, the Medicare Advantage (MA) landscape looked like a promising business opportunity for in-home care providers. That was, in part, thanks to two major expansions of MA supplemental benefits in 2018 and 2019.
The federal government has granted Medicare Advantage plans significant leeway when it comes to setting payment rates and other rules for skilled nursing facilities. In normal times, the crazy quilt of managed-care policies and exceptions creates headaches for operators and their billing teams.
As the coronavirus continues to spread, the number of people on Medicare admitted to the hospital for COVID-19 related illness is expected to rise, mainly because older people are at higher risk of getting seriously ill if they get infected. According to the CDC’s analysis of preliminary data, 45% of all hospitalizations and over half (53%) of intensive care unit (ICU) admissions are for people ages 65 and older. While only a relatively small share of adults who test positive for coronavirus are expected to get sick enough to be hospitalized, those who do could face significant out-of-pocket costs for their hospital stay, and many people on Medicare already face relatively high out-of-pocket health care costs.
Don't cancel transplants.
As U.S. states and cities scramble to contain the new coronavirus by restricting public gatherings, hospitals are increasingly using remote medical care to battle the outbreak.
Medicare says it will immediately expand telemedicine coverage nationwide to help seniors with health problems stay home to avoid the coronavirus
Seniors are the most at-risk group for severe illness from COVID-19. Here's the role Medicare will play for those impacted.
Here's what you need to know to be financially prepared.
Commercial COVID-19 tests cost roughly $51.
Testing capacity in the US is still limited
Millions of seniors get health coverage through Medicare, and the more you know about the program, the better equipped you'll be to make the most of your benefits. Here are a few key rules you should familiarize yourself with.
President Donald Trump said he wouldn’t touch Medicare before pitching a budget plan that would do exactly that, along with steep cuts to Medicaid. Democrats are calling it “savage” and “heartless,” while administration officials are insisting they are only slowing explosive growth in future years and that current Medicare benefits would remain untouched.
The decision came out of the blue. “Your husband isn’t going to get any better, so we can’t continue services,” an occupational therapist told Deloise “Del” Holloway in early November. “Medicare isn’t going to pay for it.”
Private insurers are increasing their plan offerings for Medicare Advantage (MA) in 2020. Nearly 3,150 MA plans, which include expanded coverage options not available under basic Medicare, will be available in local markets to beneficiaries in 2020. That is up 15 percent from 2019, according to a recent assessment by the Kaiser Family Foundation.
If you’re covered under Medicare, don’t let complacency prevent you from reviewing your health insurance options and maybe saving some money.