Tag Archives: Medicare

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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Despite What Some Think, Social Security is Run Efficiently

On Monday, we mentioned how the dramatic cases of Social Security fraud tend to make people think that the system is filled with abuses and wasteful spending. There will always be criminals and cases of fraud. Even Social Security’s biggest proponents are working to root out these problems, but thinking that they represent the whole system overlooks some key facts. Today we discuss how efficient Social Security actually is. If you have questions regarding eligibility for disability benefits, more information is available from a Tulsa SSI law firm. The efficiency of Social Security In terms of administrative costs, Social Security is run extremely efficiently. In the 1950s and 1960s, administrative costs ran at about two percent of Social Security’s payouts, and much of those costs was due to the disability benefits program. In 1959, for example, 10.3 percent of the disability benefits program’s spending went towards administrative costs. This is…
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