Alena Hall

2 months ago | forbes.com | Dawn Nici |Alena Hall

Expect to see Medicare grow slightly more expensive following last year’s unusual price drop. In January 2024, most U.S. residents enrolled in Original Medicare (Part A and Part B) or a Medicare Advantage plan will pay a standard Part B monthly premium of $174.70 and face a Part B annual deductible of $240—a premium increase of $9.80 (5.9%) and a deductible increase of $14 (6.2%) compared to 2023.

2 months ago | forbes.com | Dawn Nici |Alena Hall

Changes are coming to Medicare costs and coverage in 2024. Announced in time for the annual open enrollment period, which continues through December 7, the adjustments affect both Original Medicare and Medicare Advantage beneficiaries. It’s crucial that enrollees stay informed about each year’s developments. “[Beneficiaries] have to be actively involved in their health care,” advises Darren Hotton, associate director of community health and benefits for the National Council on Aging.

2 months ago | forbes.com | Anna Baluch |Alena Hall

People who become eligible for Medicare coverage have two primary enrollment choices: Original Medicare and Medicare Advantage. The best option depends on a number of factors, including one’s budget, health status, care needs and preferences. We compiled the comparison below to help you determine whether Original Medicare or a Medicare Advantage plan can best suit your health care needs.

2 months ago | forbes.com | Alena Hall |Meaghan Harmon

A balanced diet, consistent movement, quality sleep and fulfilling relationships all promote longevity. However, health care needs often increase with age, potentially leaving many older adults riddled with worry. According to a recent Forbes Advisor survey of U.S. adults across several generations conducted by Talker Research, 73% are concerned about their health care as they age.

2 months ago | forbes.com | Alena Hall |Sarah Berger

On Sept. 27, 2022, the Centers for Medicare and Medicaid Services (CMS) announced the 2023 standard monthly premium and annual deductible rates for Medicare Part B coverage, and for the first time in a decade, rates are lower than the year prior. Effective January 2023, most U.S. residents enrolled in Original Medicare or a Medicare Advantage plan will pay a monthly Plan B premium of $164.90 and an annual Plan B deductible of $226.