If you’re retired from a company that provides health insurance benefits, get ready for change over the next few years. Many employers have shed retiree coverage altogether or cut back benefits in recent years due to skyrocketing health care costs. Just 29 percent of large companies provided coverage in 2009, down from 66 percent in [...] [...more]
Con artists are swindling unsuspecting consumers into buying bogus health insurance products promoted as being related to the new health care law, according to The New York Times. Insurance regulators in Illinois, Kansas and Alabama report telemarketing scams offering fake products such as Obamacare insurance or “government health care reform insurance.” Many of the scams [...] [...more]
Readers had plenty to say about last week’s column, which described the many benefits contained in the new health reform law for Medicare beneficiaries and people over age 50. I received several notes from people who opposed health care reform, but are beginning to change their minds. Then, of course, several people called me a [...] [...more]
The new health insurance reform law will help millions of older Americans who have lost health insurance but are too young for Medicare. Insurance issues affect Americans of all ages, but the problems are acute for people over 50, who tend to have more pre-existing conditions than younger people do, and use more health care. [...] [...more]
When critics warn seniors that health care reform will decimate their Medicare, what they’re really talking about is the proposed cuts to Medicare Advantage–the all-in-one private Medicare option. The legislation moving through Congress is funded, in part, by cutting $154 billion over 10 years from federal reimbursements to Advantage plans. That has opened the door [...] [...more]
