By David Rodeck From Kiplinger’s Personal Finance Just because you’ve reached the age when you can sign up for Medicare doesn’t mean that you’re done paying for health insurance. While Medicare Part A for hospital coverage is free for most retirees, Part B (outpatient) and Part D (prescription drugs) do charge monthly premiums. And if…
Retirement: Minimizing Medicare Premium Surcharges
November 9, 2022
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What Are Your Employee Benefits Really Worth?
Benefits make up more than 30 percent of the typical job’s compensation, according to the U.S. Bureau of Labor Statistics. But figuring out what your benefits are worth isn’t always easy. You may need to do a little digging to find how much your employer contributes toward health insurance, retirement plans and other perks. Some…
Medicare Beneficiaries Get a Premium Price Break
By Elaine Silvestrini From Kiplinger’s Personal Finance Question: With inflation pushing up the price of just about everything, will Medicare Part B premiums also be rising for 2023? Answer: No. Medicare beneficiaries are getting a rare bit of good news as their Part B premiums and deductibles will tick down next year after the government…
Affordable Care Act Call Center Workers to Stage Mass Walkout on First Day of Open Enrollment for Health Insurance
Call center workers for Affordable Care Act (ACA) health insurance coverage are planning to stage a mass walkout on the first day of the ACA’s open enrollment amid a dispute over pay, working conditions, and “abusive callers.” Employees who work for Maximus federal call center, which has a contract with the federal government to provide customer support for Medicare…
‘Calm Before the Storm,’ Says Kaiser CEO, as ‘Increases Are Imminent’ for Health Insurance Premiums
October 31, 2022
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Business & MarketseconomyHealth & Safetyhealth insurancehigh inflationinflationinsurance premiumsLifestylemedical costsSocial IssuesUSUS Features
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Health insurance premiums, which largely remained unchanged this year compared to 2021, might rise significantly in 2023 due to inflation, according to a survey by the Kaiser Family Foundation (KFF). Annual family premiums for employer-sponsored health insurance are calculated to average $22,463 in 2022, which is just over a 1 percent increase from last year’s…
5 Unexpected Expenses to Prepare for in Retirement
It’s no secret that retirement can be expensive. It’s why we spend (or should spend) most of our productive life planning and preparing for it so it doesn’t become a financial nightmare. But even with the best-laid plans, some unexpected expenses can pop up and throw a wrench in your budget. That’s when we think,…
Orange County Allows CalOptima to Increase Insurance Coverage
August 30, 2022
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CalOptimaCovered Californiahealth insuranceLocal NewsOrange CountyRegional NewsRegional-Local NewsSouthern CaliforniaSouthern California OC NewsUS
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The Orange County Board of Supervisors last week changed a county law to allow CalOptima, the largest health insurer in the county, to offer private insurance plans directly to consumers. CalOptima is California’s largest county-organized healthcare system, offering healthcare to low-income residents. The system serves about 911,000 members—about one in four county residents. Currently, six…
Orange County Postpones Voting on Whether to Allow CalOptima to Offer Covered California Plan
August 30, 2022
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CalOptimaCovered Californiahealth insuranceLocal NewsOrange CountyRegional NewsRegional-Local NewsSouthern CaliforniaSouthern California OC NewsUS
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The Orange County Board of Supervisors last week held off a vote on whether to change a county law to allow CalOptima, the largest health insurer in the county, to offer private insurance plans directly to consumers. CalOptima is California’s largest county-organized healthcare system, offering healthcare to low-income residents. The system serves about 911,000 members—about…
More Americans Now Have Health Insurance Than Before
August 3, 2022
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The number of American citizens without health insurance coverage has hit an all-time low, according to the U.S. Department of Health and Human Services (HHS). In the first quarter of 2020 ended March, the country’s uninsured rate fell to 8 percent, based on data from an Aug. 2 HHS report. Since 2020, around 5.2 million…
Is Health Insurance the Next Real Estate in Terms of Investment?
By Justin Brock Appreciating assets, renewal income, and capital gains tax rates are all hot topics in the investment and entrepreneur space, but most people’s explorations of where to invest to capitalize on them are tired. One wildly undersung option is in the health insurance and associated Medicare sectors, which are on fire because of a…
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