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Social Security Announces 2.8 Percent Benefit Increase for 2026
This information was just posted by the Social Security Administration on their MySocialSecurity.gov website. This is the specific page to see the 2026 Cost of Living Adjustment (COLA). These yearly changes are mandated by law to help benefits keep pace with inflation. benefits are adjusted each year to account for changes in the cost of…
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What are the gaps in Medicare Parts A and B?
Part A is the inpatient part of Medicare; Part B is the outpatient part of Medicare, as well as all doctors’ services, including the doctors in the hospital.Medicare Parts A and B cover preventative services 100%.There are expenses associated with each Part. Gaps in Medicare Gaps in Part A There is a deductible for EACH…
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What is the difference between an HSA & an HRA?
There is a wonderful article on the eHealth website. Here is my synopsis of the article to give you the basic points to understand. An HSA is a health savings account that is owned by an employee. An HSA allows employees to pay medical expenses with pre-tax dollars. These expenses include hospital stays, doctor’s visits,…
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News from the CMS regarding Medicare
April 17, 2024 Medicare Advantage and Part D payment changesCMS has finalized technical updates to the Part C and D star ratings, and made changes to the standard Part D drug benefit. These changes include capping annual out-of-pocket costs for people with Medicare Part D at $2,000 in 2025. CMS has also expanded enrollee protections…
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Understanding CMS’s Rules Regarding Agent/Broker Solicitation
The CMS is a federal agency that manages the Medicare program, administers Medicaid, and manages the Children’s Health Insurance Program. CMS also provides health coverage through the Health Insurance Marketplace. There are very specific rules relating to how a relationship between an agent or broker may be initiated. Here is a CMS chart that explains…
