Category: Medicare

Feds Announce Medicare Claims Settlement with Placentia Company

LOS ANGELES, Calif.—A Placentia-based company has agreed to pay $2 million to resolve a federal complaint that the U.S. Attorney’s Office said was triggered by Medicare claims for rehabilitation therapy that was considered unreasonable or unnecessary, officials said July 23. The settlement covers claims made from Jan. 1, 2006, through Oct. 10, 2014, from Interface…


Medicare and Health Savings Accounts; Closing Credit-Card Accounts

Dear Mary: I’m a few months from my Medicare birthday, when I’ll turn 65. I have had a high-deductible health savings account qualified insurance plan for more than 10 years. The health savings account has a decent balance of nearly $15,000 because I’ve enjoyed good health and few medical expenses. My question: Can I keep…


Medicare Overpays on Roughly Half of Generic Meds: USC Study

LOS ANGELES, Calif.—A University of Southern California (USC) study released July 6 comparing Medicare prescription drug prices with those paid by Costco members found that the federal government overpaid on roughly half of the most common generic medicines in 2018. The study—which appears as a research letter in JAMA Internal Medicine—compared Medicare Part D prescription…


Department of Health Warns of CCP Virus-Related Fraud

The Department of Health and Human Services (HHS) Office of Inspector General recently warned the general public about CCP (Chinese Communist Party) virus-related fraud schemes as the pandemic remains one of the country’s top concerns. Chris Schrank, the assistant inspector general for investigations at the HHS, alerted the public in a video released on Dec. 21 that…


Ask Kip: Here’s How Postponing Social Security Changes Your Benefit

By Catherine Siskos, From Kiplinger’s Personal Finance Q: It’s often said that Social Security benefits increase annually by 8 percent every year that someone waits. Many financial experts use this figure too, but I found the 8 percent assumption to be false. Are there any reasons why someone who waits wouldn’t see an 8 percent bump…