United Benefit Advisors Insight and Analysis Blog

Medicare Costs Explained

Posted by: Kathy Binkley, RHU, ChHC    Aug 25, 2015 12:00:00 PM

I’m sure you’ve heard the phrase “Nothing in life is free,” and nothing is – not even Medicare. In most cases, you won’t have to pay a premium to get Medicare, at least for Part A (here’s a refresher on the different parts of Medicare), but that doesn’t mean it’s free. You’ve just pre-paid in the form of taxes. So you don’t have to worry about a premium for Part A, which covers in-patient hospital expenses, assuming you or your spouse paid Social Security for at least 10 years. However, there are other costs associated with Medicare, which vary depending on the specific insurance.

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Topics: health care costs, health care reform, The Wilson Agency, retirement savings, Medigap, Medicare, Medicare secondary payer, Kathy Binkley

Top 5 Questions about Medicare Secondary Payer Rules

Posted by: Danielle Capilla    Apr 28, 2015 12:00:00 PM

Under federal regulations, Medicare is a secondary payer for many individuals who have an employer group health plan available to them, either as an employee or the dependent spouse or child of the employee. Generally the Medicare Secondary Payer rules prohibit employers with more than 20 employees from in any way incentivizing an active employee age 65 or older to elect Medicare instead of the group health plan, which includes offering a financial incentive. Although premium payment arrangement rules under the Patient Protection and Affordable Care Act (PPACA) provide a limited circumstance for reimbursing Medicare premiums, this option is not feasible for employers with more than 20 employees due to Medicare Secondary Payer rules.

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Topics: PPACA Affordable Care Act, Group health plans, Medicare, Medicare secondary payer