The Growing Problem that is Medicare Fraud
As reported by the New York Times (10/29, Konrad), Medicare fraud is on the rise. “On Oct. 21, officials at a chain of mental health clinics in Miami were charged with making $200 million in fraudulent claims for group therapy sessions that authorities said were unnecessary or never provided.” Konrad continues: “Medicare scams like these […]
Seniors urged to consider Medicare plans
As reported by the Los Angeles Times (10/18, Kritz), “The sign-up period for Medicare Part D (Medicare’s prescription drug program) for 2011 runs Nov. 15 to Dec. 31,” and seniors are urged to begin considering their options early. “Eligible seniors (anyone with Medicare Part A and/or Part B) can choose from among several dozen plans […]
Cost of Healthcare Reform
A recent report that was released by the office of the chief Medicare actuary claims that healthcare reform will have a negligible effect on total national health care spending over the next decade. The report counters both the argument that reform will lead to explosive cost increases and the argument that it will slow these […]
Uninsured stats according to the US Census Bureau
During the week of September 13th, the US Census Bureau released their annual report that discloses poverty, income and the uninsured. As for those figures relating to health insurance, please see below:
The total number of uninsured increased to 50.6 million, up 4.3 million from last year.
That means the uninsured rate is now 16.7 percent.
The number […]
What is Medicare?
Medicare is a Health Insurance Program for:
People age 65 or older.
People under age 65 with certain disabilities.
People of all ages with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant).
Medicare has Two Parts:
Part A (Hospital Insurance)Most people don’t have to pay for Part A.
Part B (Medical Insurance)Most people pay monthly for Part B.
You […]
Ohio Health Insurance Glossary
Additional Insured: Anyone covered under your plan that is not named as insured in your documentation from the insurance company.
Benefit: The dollar amount your carrier will pay when you file a claim for a covered loss.
Benefit Period: The interval during which you will be eligible for benefits. Generally, your benefit period will begin with the […]
