Medicare Prices Are About to Shoot Up. Here’s Why.
The federal government is raising the price of Medicare by double-digit percentages, it announced last week. The huge hike comes amidst rising costs due to the pandemic, which has impacted health care costs across the board, as well as coverage of a new Alzheimer's drug that has sparked controversy over its high prices. In 2022, Part B premiums for the lowest income bracket will jump 14.5%, from $148.50 a month to $170.10. The Centers for Medicare and Medicaid Services (CMS),
Why Am I Seeing So Many Medicare Advantage Plan Commercials on TV?
If you have clicked on your TV anytime in the past month, you have probably been inundated with commercials for Medicare Advantage plans. You see the celebrities promising you that the program they endorse is the best, and you have to wonder if you can trust them. But more than that, you probably wonder why it’s these advantage plans, and not others like Medigap, that get so much attention. The answer might come as a surprise. What Is a Medicare Advantage Plan? You may hear p
