Medicare Spending: At-A-Glance
In 1965, President Johnson signed Medicare into law at the Truman Library in Independence, Missouri. President Johnson wanted to recognize Truman, who, in 1945, had become the first president to...
View ArticleHumana is an acquisition target
Humana Inc. has become an acquisition target thanks to its big presence in Medicare Advantage. Humana’s individual Medicare Advantage enrollment jumped 15 percent to 2.7 million people in March from a...
View ArticleAetna to buy Humana
Aetna announced a $37 billion agreement to acquire smaller rival Humana, which is the largest ever deal in the insurance industry. The merged firm will have over 33 million medical members, based on...
View ArticleMedicare Open Enrollment
Open enrollment starts every year on October 15, and it runs through December 7. Any plan changes you make will not take effect until January 1. During open enrollment, you are allowed to switch from...
View ArticleNo Social Security Increase Next Year
For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcomed news for more than 20% of...
View ArticleMedicare Premium Increases for 2016
The Obama administration and congressional leaders have reached a tentative budget agreement that will increase Medicare Part B premiums from $104.90 to $120 per month next year, plus a monthly...
View ArticleUnenrollment from Medicare Advantage: Jan 1 to Feb 14
Between January 1 through February 14, if you’re in a Medicare Advantage Plan, you can leave that plan and switch to Original Medicare. Your coverage will begin the first day of the month after the...
View ArticleCigna Medicare business restored
Cigna Corp., has been prevented from marketing new Medicare Advantage plans for the past 18 months (because of program deficiencies) has confirmed that the U.S. government will allow new enrollments...
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