• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
BlackDoctor.org
Where Wellness & Culture Connect

Where Wellness & Culture Connect

  • Health Conditions
  • Wellness
  • Lifestyle
  • Longevity
  • Resource Centers
    • Cancer Resource Center
    • Covid Resource Center
    • Clinical Trials Resource Center
  • Find A Doctor
  • BDO TV
Home / Longevity / Healthy Retirement / How To Understand Medicare & All Of Its Benefits

How To Understand Medicare & All Of Its Benefits

A woman reading on her laptop

Almost all Americans who work pay into the Medicare system, but not everyone how to understand medicare and all the benefits they will become eligible for when they turn 65. Under the Affordable Care Act, Americans will continue to see changes in coverage and fees for healthcare, including for Medicare:

1. Federal subsidies begin phasing in for brand-name prescriptions filled in the Medicare Part D coverage gap to reduce out of pocket costs for beneficiaries. Coinsurance will drop from the 2010 level of 100 percent of costs to co-payments of 25 percent in 2020.

Additionally, a 50 percent discount automatically will be applied at the pharmacy counter on Part D-covered prescription drugs while beneficiaries are in the doughnut hole.

2. The Medicare Part A (hospital insurance) tax rate will increase from 1.45 percent to 2.35 percent on earnings over $200,000 for single taxpayers and $250,000 for married couples filing jointly. When it comes to higher-income earners, there will also be a new 3.8 percent assessment on unearned income, such as investment returns.

You May Also Like
5 Top Sunscreens for Black Skin

3. Disproportionate share hospital (DSH) payments will fall initially by 75 percent. These are annual allotments states pass on to hospitals that serve disproportionate numbers of low-income patients. Medicaid DSH also will be reduced.

Subsequently, payments will increase based on the percent of uninsured persons hospitals serve and the amount of uncompensated care that is provided.

August 19, 2022 by Derrick Lane

Read Next Article

The Latest In Healthy Retirement

healthy retirement

Staying Fit During Retirement: 4 Valuable Tips

Retirement is a crucial transitionary stage of life. Things can get overwhelming as you adjust to your new way of life. Leaving the workforce can come with many adjustments, including fewer social gatherings and the loss of many acquaintances.  Your read more about Staying Fit During Retirement: 4 Valuable Tips
long term health insurance

5 Things You Need to Know Before Purchasing Long-Term Care Insurance

Most Americans aren't planning for how they'll pay for a nursing home or at-home care should they need it when they're old, disabled or chronically sick. Yet it is estimated that 2-in-5 among us will need extended care at some read more about 5 Things You Need to Know Before Purchasing Long-Term Care Insurance
medicare open enrollment

Everything You Need to Know to Prepare For Medicare Open Enrollment

The Annual Enrollment Period is Oct. 15 to Dec. 7, when a Medicare Beneficiary is eligible to change their Medicare Advantage or Prescription Drug Plan. This means that medicare open enrollment is right around the corner and insurance providers are read more about Everything You Need to Know to Prepare For Medicare Open Enrollment
medicare

Medicare Monthly Premiums Dropping for Seniors, Here’s How Much You’ll Save

Millions of seniors who had to pay high increases in Medicare premiums this year will get a break in 2023 when they see a rare drop in monthly premiums for Medicare Part B. How much you'll save The rate decrease is 3%, which read more about Medicare Monthly Premiums Dropping for Seniors, Here’s How Much You’ll Save
dementia

Keep Dementia Away With A Second Language!

According to health-based statistics, African Americans are more likely to develop dementia than other ethnicities as they age. The numbers show that over 21% of Black people who are 70 and over are living with Alzheimer’s disease. Additionally, the Alzheimer’s read more about Keep Dementia Away With A Second Language!
ageism

Ageism Is Everywhere and Can Harm Your Health

In a cancel culture where there's zero tolerance for prejudice, at least one form of discrimination appears to be alive and well: ageism. Whether you have personally experienced someone discounting you because of your age or you've felt the pressures read more about Ageism Is Everywhere and Can Harm Your Health

Primary Sidebar

Subscribe to our newsletter

Poll

Popular Posts

  • Mo’Nique at 55: Slimmer, Happier & Wiser: “I Love Us For Real”Mo'Nique at 55: Slimmer, Happier & Wiser: "I Love Us For Real"
  • Chef Babette Davis: Making 70+ Look Simply Delicious!Chef Babette Davis: Making 70+ Look Simply Delicious!
  • Taimak: The Last Dragon Lives 35+ Years Later!Taimak: The Last Dragon Lives 35+ Years Later!
  • Monica Calhoun at 51: “Exude Beauty Inside, Manifest It Outside”Monica Calhoun at 51: "Exude Beauty Inside, Manifest It Outside"
  • John David Washington: “They Tried To Use My Name Against Me”John David Washington: "They Tried To Use My Name Against Me"

Podcast

Footer

Where Wellness & Culture Connect

BDO is the world’s largest and most comprehensive online health resource specifically targeted to African Americans. BDO understands that the uniqueness of Black culture - our heritage and our traditions - plays a role in our health. BDO gives you access to innovative new approaches to the health information you need in everyday language so you can break through the disparities, gain control and live your life to its fullest.

Connect With Us

Learn More About

  • Hepatitis C
  • Diabetes
  • Sickle Cell
  • Mental Health
  • About Us
  • Privacy Policy
  • Advertise With Us
  • BlackDoctor.org Advertising and Sponsorship Policy
  • Daily Vitamina
  • TBH

Copyright © 2023, BlackDoctor, Inc. All rights reserved.