Wealthier Seniors to Pay Higher Medicare Premiums
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Most people will have to pay 5.6 percent more for basic Medicare coverage next year, but more affluent beneficiaries can expect increases as high as 83.2 percent as the federal government for the first time requires wealthier seniors to pay higher premiums, Medicare officials announced today.
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Description: Medicare officials announce the largest-ever increase in Medicare premiums in the program&#39;s 40-year history. In 2005, seniors and the disabled who purchase coverage under Medicare&#39;s Part B program
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A new study confirms that the drug benefit being added to Medicare will provide significant help to elderly people with low incomes or very high drug costs.
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Retirees shouldered a much larger share of their health-care costs in 2004 and should expect to pay even more next year, says a new report that casts an even dimmer outlook for people who are still in the workforce.
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New, sharply higher charges announced for Medicare beneficiaries this month may prompt more elderly people to join Medicare health maintenance organizations operated by private industry, according to insurance executives and industry analysts.
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The Bush administration will ask Congress to increase the monthly premiums that wealthier Medicare beneficiaries pay for prescription drug coverage, officials said Friday.
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Even with Medicare, you'll end up paying nearly half of your health-care expenses, so if you don't have retiree coverage from your employer, you may want supplemental insurance. Make sure you have what you need.
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The standard Medicare premium will rise to $96.40 a month next year, an increase of $2.90 a month. The 3.1 percent increase is the smallest since 1999-2000.
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Retirees face a whopping medical bill in their golden years.
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THURSDAY, Nov. 1 (HealthDay News) -- In 2006, introduction of the U.S. Medicare Part D prescription drug benefit increased the number of seniors' prescriptions by 158 million, at a cost of $32 billion to Medicare, a new study concludes.
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Physician reimbursement accounts for a third of the increase, and it could become a target for political battle. Washington -- The steep rise in next year&#39;s Medicare Part B premiums can be tied in part to
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Older Americans will have to pay about 17 percent more next year for their government-run health insurance, U.S. officials announced on Friday.
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When people enroll in a Medicare drug plan later this year, the first option for paying their monthly premiums will no longer be through a deduction in their Social Security check. Instead, the government will encourage beneficiaries to pay insurers directly.
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Medicare premiums for doctor visits will rise about 17.4 percent next year, the Bush administration said yesterday. The $11.60-a-month increase is the largest in the program&#39;s 40-year history.
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Medicare's new prescription drug coverage should help most elderly, including some of the poorest beneficiaries, save money, but nearly a quarter will pay more for medicine, according to an analysis released on Monday.
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Retirees for a third straight year are paying double-digit increases for healthcare coverage through their former employers, which are shifting a greater share of the cost to new retirees, according to a study released yesterday.
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For senior citizens enrolled in Medicare, nearly half the increase will be consumed by rising health insurance premiums, making this "good and bad news," said chief executive of the largest advocacy group for retirees.