A new report from the Employee Benefit Research Institute (EBRI) found that Medicare beneficiaries have massive out-of-pocket expenses that will require future retirees to save hundreds of thousands of dollars before leaving work.
EBRI built a simulation model that projected rates of return on assets in retirement that incorporated...National News
Most traditional Medicare beneficiaries have a Medicare Supplement plan, or Medigap, according to a new report by AHIP. But the program's salesforce has recently drawn the ire of Senator Elizabeth Warren, who alleges that Medigap salespeople are incentivized to sell subpar plans in exchange for perks.
The AHIP report, the State of...
It was a big week for studies and reports on Medicare Advantage, both positive and negative for the industry as a whole.
The Better Medicare Alliance recruited ATI Advisory to conduct a study on how much Medicare Advantage beneficiaries save by comparison to beneficiaries with traditional Medicare. It found that MA enrollees save a...
The Medicare Payment Advisory Commission (MedPAC) the nonpartisan congressional agency which informs the U.S. Congress with analysis on the Medicare program, released its annual report to Congress on Tuesday, including some suggestions for significant changes to Medicare Advantage reimbursements. These suggestions could have a major...
A Humana Inc. Medicare Advantage plan in Florida overcharged Medicare by $200 million in 2015 alone, according to the Department of Health and Human Services (HHS) Office of Inspector General (OIG). If the OIG's recommendation to repay is finalized, it would become the largest audit penalty ever imposed on a Medicare Advantage...White Papers, E books, Reports and more
Researchers with UnitedHealth Group reported average annual health care costs for a 72-year-old MA beneficiary of average health are $3,632, compared to up to $5,960 for Medicare fee-for-service (FSS) beneficiaries. UnitedHealthcare is Arizona's leading Medicare Advantage (MA) insurer.
The UHG report brought attention to the fact...Arizona News
On Tuesday, Aug. 27, the Centers for Medicare & Medicaid Services (CMS) gave new comparison tools for eligible shoppers for Medicare Advantage (MA), Medigap and Part D plans on its Medicare Plan Finder website; the agency said 20 millions Americans used the site to compare MA plans last year.
The new Plan Finder walks shoppers...National News
A class-action lawsuit alleges diversion of $400 million a year in a Medigap premium rebate scheme that violates Connecticut law, breaches contract with enrollees and misleads consumers.
The suit, filed in a Connecticut U.S. District Court, alleges that UnitedHealth allows AARP to take a 4.9% rebate from monthly beneficiary...