Tag Archives: medicare
Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans
The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions affecting Medicare Part D plans, which may impact the creditable coverage status of employer-sponsored prescription drug coverage beginning in 2025. Employers that provide prescription drug coverage to individuals who … Continue reading
The chart below summarizes Medicare’s coordination of benefits rules for employer-sponsored health plans, which determine whether the group health plan or Medicare pays first on health care claims. Read More
What You Should Know About Medicare Enrollment
Medicare is health care coverage for those age 65 and older. It’s important to understand Medicare enrollment and coverage options to avoid penalties down the road. Whether you’re reaching the age of 65 or you’re older and switching from your … Continue reading
Payment and Grace Period Flexibilities Announced
The Centers for Medicare & Medicaid Services (CMS) posted guidance on Payment and Grace Period Flexibilities for Issuers Offering Coverage on the Federally-facilitated Exchanges and State-based Exchanges on the Federal Platform. Under the newly released guidance, CMS announced that it … Continue reading
CMS Extends Transition Relief for Non-Compliant Plans through 2021
On January 31, 2020 the Centers for Medicare & Medicaid Services (CMS) announced a one-year extension to the transition policy (originally announced November 14, 2013 and extended six times since) for individual and small group health plans that allows issuers … Continue reading
Healthcare early renewal options
Effective January 1, 2014 the healthcare landscape will dramatically change due to the implementation of the Affordable Care Act (health care reform). All plans renewing in 2014 will be required to offer benefits that meet the new ACA mandates which … Continue reading
Headlines
A couple of headlines about the fiscal cliff and obamacare: Wealthy Americans Face ACA Medicare Tax In 2013. In a column for Reuters (12/5), Amy Feldman explains that wealthy Americans will face a tax increase next year as part of the … Continue reading
Health Reform and stuff
I received an email newsletter from Humana with a lot of information on what was going on with health reform and what not. Below are 2 sections from Humana’s newsletter I thought were worth mentioning. At the bottom is a … Continue reading
Medicare supplements: Do I need one and when?
When you turn 65 and up to 90 days before your 65th birthday and 6 months after your birthday you have to sign up for Medicare. There are 4 parts to Medicare. Part “A” is free and provides coverage for … Continue reading
