My KY Medicare

03/03/2023

24.5 Trillion in debt without Social Security & Medicare Obligations.
We need to hire a new accountant for the USA...haha!

The present value of our commitments to the elderly, looking indefinitely into the future, are on the order of ten times the size of the U.S. economy.

02/24/2023

https://www.cnn.com/2023/02/17/politics/rick-scott-medicare-social-security-plan

Interesting article!

Republican Sen. Rick Scott of Florida has revised his much-maligned proposal to sunset all federal programs in five years, after absorbing weeks of criticism from Democrats and even his own party, by adding an exemption for Medicare and Social Security.

02/16/2023

https://www.reuters.com/world/us/republicans-wont-cut-social-security-or-medicare-everything-else-table-debt-2023-02-12/

Agreed!!

Republicans say they would not cut Social Security and Medicare programs but "everything else is on the table" in talks over raising U.S. government borrowing limits, House Oversight Committee Chair James Comer said on Sunday.

02/09/2023

Interesting article on the financing of Medicare.

While Congress talks about the federal debt, it’s still hesitating to deal with one major source of rising deficits—Medicare—that it can’t avoid much longer. Medicare’s...

02/03/2023

Lets leave it off the table, and keep it off the table!

Speaker Kevin McCarthy (R-Calif.) said ahead of a meeting with President Biden this week that cuts to Medicare and Social Security are off the table in talks around raising the debt limit. McCarthy…

11/11/2022

Thank you to all of our Veterans for serving our country.
A very special thank you to all of our Veteran clients!!

11/10/2022

2023 SOCIAL SECURITY CHANGES that may impact your earnings & taxes.

In 2023 if you haven't reached your Full Retirement Age and you currently draw Social Security you can make up to $21,420.

In the year you reach your Full Retirement Age you can make
up to $56,520 if you decide to take your Social Security.

Your Social Security earnings are reduced by $1 for every $3 you make above this amount.

10/24/2022

2023 Changes coming to Medicare:

The Inflation Reduction Act that Congress passed last summer contains several provisions to reduce Medicare costs. Here’s the timetable for implementation.
2023
Drug companies must pay rebates to Medicare if their prices rise faster than inflation
Insulin co-pays limited to $35 per month for the Medicare Part D prescription drug benefit
More vaccines covered by Medicare Part D
2024
5% coinsurance payment eliminated for Part D catastrophic coverage
Subsidy for Part D beneficiaries expanded to those earning up to 150% of the federal poverty line
2025
Out-of-pocket Medicare prescription drug costs capped at $2,000 annually
2026 and beyond
Medicare will begin negotiating the price of some prescription drugs. The law allows the program to negotiate prices for 10 drugs in 2026, another 15 in both 2027 and 2028, and 20 more in 2029.
These latest changes are especially meaningful for prescription drug coverage. Prescription medications represent 1 in 5 dollars beneficiaries spend on their out-of-pocket health care costs, according to the Commonwealth Fund. The fund says 1 in 10 Medicare beneficiaries report having left a prescription unfilled, or skipped a dose of medication, because they can’t afford it.

10/13/2022

SOCIAL SECURITY BENEFITS TO JUMP 8.7% IN 2023! Largest increase since 1981, 4th largest in history. NEEDED!

09/29/2022

PART B PREMIUM GOING DOWN IN 2023!!!!
ITS $5, but atleast its not going up. $164.90

On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts. Medicare Part B Premium and Deductible

08/22/2022

Some interesting statistics

These plans are private health insurance policies that bundle together Medicare Parts A, B, and D.