Half of all Medicare beneficiaries—nearly 30 million people—live on $29,650 or less per year, and one quarter live on $17,000 or less and cannot afford high and rising costs. The Medicare Savings Program is a game changer for low-income Americans who struggle to mmake ends meet, helping them maintain their Medicare coverage, access needed [...]
6/22/2023 Managed Healthcare Executive Briana Contreras Recently introduced to the U.S. Senate, the Protect Patient Access to Pharmacies Act (S. 2052) will help to secure Medicare patients’, typically seniors, freedom to receive medications andcare from the pharmacy of their choice through improvements to the “any willing pharmacy” law. A bill addressing the abusive business [...]
Some employers may cut off no-cost preventive care due to a Texas Judge ruling. A recent survey from the National Allicance of Healthcare Purchaser Coalition polled 30 large employers and found that 72% of the respondents expect to continue providing coverage for all preventive services in full as is required in the ACA. Survey [...]
Interesting, The American Dental Association posted on March 9, 2023, that Dentists are dropping out of their dental insurance networks. On average, the dropped networks covered 17.5% of the dentists' patient bases. Their Poll shows that results of short-notice cancellations and hygienist recruitment continue to challenge them. Marsha Marrullier, REBC
That massive $1.7 trillion Omnibus Bill that was signed into law on December 29, 2022 had a few things for us concerning our health and benefits. Long Term Care Insurance Individuals can now use up to $2,500 of funds each year from their existing 401(k)s, 403(b)s and IRA’s without incurring the 10% early withdrawal [...]
This record-breaking enrollment represents a 13% increase over last year, including over 3 million people new to the Marketplaces.
TALLAHASSEE, Fla. (AP) — Florida will seek to provide consumers more flexibility in buying prescription drugs and more information about their costs under a legislative proposal that Republican Gov. Ron DeSantis said Thursday January 12, 2023, he will ask lawmakers to approve. The proposal would further regulate prescription benefit managers, the go-betweens for health [...]
In final regulations released on December 12, 2022, the IRS permanently and automatically extends the deadline for 30 days from January 31, 2023 to March 2nd each year for employers and insurers to furnish individual statements on health coverage and full-time employee status (Forms 1095-B and 1095-C). For 2022 Forms the deadline if March [...]
Federal COBRA-Consolidated Omnibus Budget Reconciliation Act. COBRA stands for The Consolidated Omnibus Budget Reconciliation Act of 1985. COBRA covers employees and their insured dependents of employers with at least twenty full- and part-time workers. COBRA qualifying events are: A voluntary or involuntary employment termination, except for termination for gross misconduct Reduction of covered employees' [...]
The IRS just released 2023 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more. The new 2023 limits are: