Medicare

Articles about Medicare that may be useful to Massachusetts retirees

GIC STATE RETIREES & SURVIVORS UNDER MEDICARE

OME Rates Clarified

APRIL 18, 2012: For the overwhelming majority of Medicare eligible retirees insured through the state’s Group Insurance Commission (GIC), the insurance plan of choice has long been the Optional Medicare Extension (OME) Plan run by UniCare. Typically, most OME subscribers also include CIC coverage with their basic plan.

Annual Insurance Hearing Draws Retirees

Annual Insurance Hearing Draws Retirees

FEBRUARY 1, 2012: Over 100 employees and retirees attended today’s annual public hearing of the Commonwealth’s Group Insurance Commission (GIC) held in Minihan Hall at the Lindemann Center.

Dolores Mitchell, Executive Director of the GIC, presented an extensive update of all commission activities and an estimated projection of future needs and costs.

Mitchell started by pointing out that the Commonwealth could be under some pressure from the added costs of Federal health care reform.

FEDERAL DEFICIT AND SUPER COMMITTEE

Potential Targets: Social Security & Medicare

NOVEMBER 2011 VOICE: In early August, the US Congress and President Obama reached a compromise agreement to raise the Federal Debt Ceiling, as well as cut an immediate $900 billion in federal spending. The compromise also created a 12-member Congressional “Super Committee” tasked with cutting at least another $1.5 trillion in federal spending over 10 years.

Medicare Part B Premiums for 2012 Lower Than Projected

Medscape Medical News

October 28, 2011 — More prudent use of medical services and tougher competition among healthcare providers has slowed the growth of Medicare spending, allowing for Part B premiums to be lower than projected, federal health officials said yesterday.

2012 MEDICARE PART B RATES ANNOUNCED

Monthly Premium of $99.90 Begins in January

OCTOBER 28, 2011: The federal government has announced that the standard Medicare Part B premium for 2012 will be $99.90 per month. Under the Medicare program, eligible retirees are responsible for 25% of the total cost of Part B, with the federal government subsidizing the remaining 75%.