Monthly Archives

August 2012

Working for thirty-two cents on the dollar

By | Making the Most of your Medicare | No Comments

With Healthcare reform cruising into town January 1st 2014, more and more details of the ACA are surfacing. Many uninsured Americans will qualify for coverage via Medicaid, as a major component of the law is the expansion of the Medicaid program.  Medicaid is STATE RUN health insurance coverage offered to children and families at or below the poverty line.  For 2012, the poverty line was drawn at $11,170.  For a family of four, that line grows to $23,050. Under the Affordable Care Act, Medicaid coverage is set to expand coverage to over 16 million additional people, including those making upwards of $32,000/year.  The June Supreme Court made it optional for states to expand Medicaid to cover these new enrollees by providing federal funding.  Even with this generous federal funding, several states have decided they cannot afford the expansion, which would cost states at least $118 billion through 2023. While the…

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5 changes healthcare reform will have on everyday life

By | Making the Most of your Medicare | No Comments

A law as far-reaching as health care reform legislation with 2,407 pages and a $1.76 trillion price tag is bound to contain programs and grants that are overlooked.  For the record this is what it looks like:  $1,760,000,000,000.  (Sadly, this took me about 10 minutes to figure out the correct number of zeros!). The Patient Protection and Affordable Care Act includes millions in spending on different programs designed to improve your health outside of your physician’s office. Here are some of the most interesting: 1.)  Health Care reform will require restaurants with more than 20 restaurants to disclose the number of calories each entree has on the menu to promote healthier eating.  Smaller chains are not required to disclose calories at this time. 2.)  Some communities just aren’t set up for a healthy lifestyle. The health care reform law provides up to $50 million for Community Transformation Grants to promote…

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Special School District Retirees faced with insurance changes

By | Making the Most of your Medicare | No Comments

  In the upcoming weeks, retirees’ from the Special School District of Saint Louis County are faced with an insurance decision similar to an algebra exam, deciphering the Medicare world after years of relying on an employer for assistance. This situation is becoming more common, as the employee/employer landscape changes, employers cut expenses, and retiree healthcare costs continue to increase faster than the rate of inflation.  Over the years, we have helped many retirees choose the best possible plan when making this decision. If you find yourself losing an employer retiree plan, here are a few things to consider: 1. If your employer terminates your coverage and you are on Medicare, you can purchase a Medicare Supplement without passing through medical underwriting.  You are able to sign up for a supplement (which will pay the 20% that Medicare leaves behind as well as the hospital expenses) regardless of your health…

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