American Medical Association’s Post

I am pleased to see the AMA tackling the urgent need for Medicare APM reforms to sustain value-based care. The current reimbursement challenges place a heavy burden on providers, complicating the delivery of quality care. As we advocate for APM reforms, let's look toward other innovative care models for inspiration. Physician-driven innovations like #DirectPrimaryCare have a proven track record of enhancing provider satisfaction and patient outcomes. What can we learn from them? Let's push for a healthcare system that truly works for everyone. #HealthcareReform #ValueBasedCare #MedicareAPMs #PatientCenteredCare

Understanding the WCRC Review Process: A Crucial Step in Medicare Set-Asides https://lnkd.in/gz2ZetrX Joseph Yrulegui

Understanding the WCRC Review Process: A Crucial Step in Medicare Set-Asides https://lnkd.in/gm8Dmwmi Joseph Yrulegui

Medicare premiums and deductibles for 2024 will increase. It’s essential to understand your out-of-pocket costs if you want to get the most from your plan. These will vary with your income and the type of plan you choose. Here’s a rundown of what you can expect in 2024. #WestPacWealth #financialplanning #wealthmanagement https://lnkd.in/gp6GVYVX

The Medicare bubble may have burst. Have you noticed? The days of MAPD membership growth over profit might finally be nearing. With many factors affecting profitability over the past few years, the days of lucrative "extra benefits" and aggressive pushes for membership growth may finally be over, as focuses turn toward growing the rapid decreasing profit margins. Click the article below to read more on this topic.

Medicare premiums and deductibles for 2024 will increase. It’s essential to understand your out-of-pocket costs if you want to get the most from your plan. These will vary with your income and the type of plan you choose. Here’s a rundown of what you can expect in 2024. #WestPacWealth #financialplanning #wealthmanagement https://lnkd.in/gUz6DXzM

f you’re approaching the Medicare enrollment age of 65, you may be concerned about the program's financial difficulties. Learn why its predicted insolvency won’t affect all aspects of Medicare, and what the potential solutions are: https://bit.ly/3RUszPf #Medicare

If you’re approaching the Medicare enrollment age of 65, you may be concerned about the program's financial difficulties. Learn why its predicted insolvency won’t affect all aspects of Medicare, and what the potential solutions are: https://bit.ly/3RUszPf #Medicare

If you’re approaching the Medicare enrollment age of 65, you may be concerned about the program's financial difficulties. Learn why its predicted insolvency won’t affect all aspects of Medicare, and what the potential solutions are: https://bit.ly/3RUszPf #Medicare

Do I have enough work credits to qualify for Part A? Over the course of your working life, you have paid into Medicare through payroll taxes. In fact, both you and your employer have contributed in this way. The current rate most people pay for Medicare is 1.45% for the employer and 1.45% for the employee, for a total of 2.9%, as of 2024. As a result, most who enroll in Medicare have been paying into the system for decades. First, let’s review the basics. Medicare Part A covers inpatient care in hospitals, skilled nursing facility care, hospice care and home health care. Medicare Part B covers outpatient/medical coverage, including doctors office visits and services. Together, both parts are known as Original Medicare. A premium is the regular amount you pay for your insurance policy. It is often paid monthly or quarterly. A deductible is the initial amount you must pay out of pocket before your coverage kicks in. Most people who enroll in Medicare receive Part A for free, meaning they have no premiums for this coverage. However, they will still have to meet a deductible. In 2024, that deductible is $1,632 for each hospital admittance per benefit period. You will receive premium-free Part A if you or your current or former spouse worked and paid into Medicare for 10 years, or 40 quarters, while working. For each quarter you work, you receive one work credit. You can earn up to four work credits per year. You do not need work credits to enroll in Medicare Part B. If you do not meet the requirements for free Part A, you may be able to buy Part A. You will either pay $278 or $505 each month for Part A, depending on how long you or your spouse worked and paid Medicare taxes. If you have to buy Part A, and you don’t enroll when first eligible for Medicare, your monthly premium may go up 10%. You will have to pay the penalty for twice the number of years you didn’t sign up. If you are unsure if you qualify for free Part A, log into (or create) your Social Security account at https://bit.ly/3VJZVDB to view your earnings history. It is important to understand these eligibility requirements and enroll in Medicare as soon as you are eligible to avoid late enrollment penalties. https://bit.ly/3VJMtQf