State Indicator Individual Market Guaranteed Issue Not Applicable To Hipaa Eligible IndividualsAccording to a March analysis of an earlier version of the bill by the CBO, the legislation would restructure Medicaid safety net by capping costs. "This would have a profound impact on low-income Medicare beneficiaries," Johnson says. About 1 in 5 people on Medicare, 11 million beneficiaries in all, have incomes so low that they qualify for Medicaid, according to the nonpartisan Kaiser Family Foundation..The hold harmless provision affects Medicare beneficiaries who have their Part B premiums automatically deducted from their Social Security payments. The law protects the Social Security benefits of those people, about 70% of all Medicare beneficiaries, when an increase in the amount of the Part B premium is greater than the amount of increase that individuals would receive in their COLA. The law prohibits a reduction to an individual's monthly Social Security benefit due to rising Medicare premiums from one year to the next..I'm confused about the new health insurance requirements under Obamacare. When does it start and how does it affect seniors? I'm 62 and still working. I don't have insurance. My husband is 65 and started Medicare a few months ago. … Continued
United Hospital Services Nasseff Heart Center Care TeamIn fact, unlike the additional Medicare tax on high earners, this 3.8% net investment tax was not even a specific provision of the Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for Medicare Part A or Part B Trust Fund. That means when the funds are used for other government spending, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..The study was supported by the National Institutes of Health..The move is undoubtedly an attempt to head off political fall-out from what is turning into a major issue with senior voters in 2014 - President Obama's broken promise, "If you like your health plan, you can keep your health plan." According to a recent TSCL poll, 58% of seniors say that they are worried that their health plan could be cancelled this year. Seniors aren't the only ones who are worried - so are Members of Congress - from both sides of the aisle. … Continued
