Normally, Medicare Part B covers 80% of physicians’ fees for Medicare beneficiaries — over and above an annual deductible, which is $233 for 2022. Health care providers who participate in Medicare agree to accept the official Medicare rate for any given covered service they provide. So, in most cases, there is no need to worry… Continue reading Medicare Part B Excess Charges and How to Avoid Them
Month: June 2022
Turning 65? Here’s What You Need to Know About Medicare
When you turn 65, you have some important decisions to make about your Medicare benefits. You must also make these decisions within a specific time frame. It’s important to understand your choices, and the timeline by which you must make them in order to avoid penalties. Normally, most Americans become eligible for Medicare benefits when… Continue reading Turning 65? Here’s What You Need to Know About Medicare
Health Care Costs to Consume Half of Social Security Income by 2030
In 11 years, health care costs are projected to consume at least half of the average senior citizen’s Social Security income, even with basic Medicare coverage. Also, by 2030, some 42% of all seniors will be spending at least 20% of their total incomes on health care expenses. This is because even though Medicare Parts… Continue reading Health Care Costs to Consume Half of Social Security Income by 2030