Tag Archives: Medicaid

Retirees and Disabled Workers Benefit from Healthcare Reform

Today we pick up from our discussion Monday about how healthcare reform and the Affordable Care Act (“ACA”) will help Social Security beneficiaries. Social Security’s budgetary concerns have been no stranger to the news, but healthcare reform should benefit the largest portions of the federal budget – Medicare/Medicaid and Social Security. Recent predictions have Social Security retirement and survivor benefits running out of money in a few decades. Disability benefits may start being cut as early as 2017. With a few changes, however, these predictions may not be quite as dire as they often seem. The ACA improves funding and healthcare service for Americans who use Medicare and Medicaid. Many Social Security disability beneficiaries also receive their health coverage through one of these two programs. More efficient Medicare and Medicaid combined with a focus on preventive care should reduce the numbers of Americans receiving disability benefits. Many disability beneficiaries are…
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Healthcare Reform Should Help Social Security

The Supreme Court’s upholding of the Patient Protection and Affordable Care Act (“ACA”) last month will likely benefit disability beneficiaries as much as it will Americans with health concerns. The reason is that the ACA makes important changes to Medicare and Medicaid funding, which have important links with each type of Social Security benefits. Healthcare reform will help Medicare and Social Security Here are a few of the funding changes that the ACA will make: Increase funding for Medicare by a 0.9 percent tax increase for individuals making more than $200,000 a year and for married couples making more than $250,000 a year The increased funding will also come from taxes on investment income (from income like stock dividends, real estate rent and capital gains), but only for those whose investment income pushes their income above the limits in the previous bullet point Several changes will directly improve healthcare –…
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Disabled Workers May Be Able to Buy Into SoonerCare

As we mentioned on Monday, Medicare is a national type of health coverage for Americans 65 or older or for those who have been receiving SSDI benefits for at least two years. Medicaid is a different type of health coverage. Eligibility for Medicaid is similar to eligibility for SSI benefits in that both are means-tested – you have to fall below certain income and asset levels in order to qualify for Medicaid or SSI benefits. We talked on Wednesday about how in many states your SSI application is the same one for Medicaid coverage. This is not the case in Oklahoma, however, or in a handful of other states where you have to apply for Medicaid coverage separately. Oklahoma’s Medicaid program, which goes by the nickname “SoonerCare,” does offer an alternative for Sooners with disabilities – a Medicaid buy-in. These Medicaid buy-in programs, which other states offer as well, enable…
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How Will the Healthcare Law Affect Medicare and Medicaid?

An important part of the Patient Protection and Affordable Care Act (“PPACA”) is its expansion of Medicaid, but the PPACA will also impact Medicare. As discussed on Monday, Medicare is the program for which SSDI beneficiaries qualify after two years of benefits. Affordable Care Act and Medicare The reforms that the PPACA enacts in regards to Medicare should be beneficial for disability beneficiaries receiving health care through Medicare. Here are several of the key changes: The premiums that beneficiaries pay for Medicare Part B coverage should be lower in the coming years thanks to the PPACA The PPACA closes the so-called “donut hole” of Medicare prescription drug coverage so that people with high prescriptive drug costs will receive discounts on the drugs they need; by 2020, the donut hole is not expected to exist at all The new law implements a number of cost-cutting measures that will trim excess payments…
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