Monterey, CA Social Security Payments Rise Slightly This Year

A blue and white logo of the social security administration.


Social Security participants are likely to get an ever-so-slightly increase this year (+1.3%) according to the numbers looking at the index that cost of living adjustments (COLA) are based on.  Of the 68 million people on Social Security and Disability, the average payment will go up by $19.70 to $1,537.  “It makes people have to take more out of savings,†Mary Johnson, a policy analyst for the Senior Citizen League, said.  That’s due to the fact that many people believe the index doesn’t adequately account for inflation.  “Other people who don’t have savings will go into debt.  Many people may go into poverty,†she said.  Still, the cost of living in Monterey is so high this is not going to make much of a dent for local seniors.

Pebble Beach, CA Seniors Turning To Telehealth Amidst Coronavirus Pandemic


More and more seniors are turning to Telehealth programs due to the COVID-19 pandemic.  “When you’re not feeling well, having to get up, get dressed and drive all the way to the hospital and then get in line and then possibly get sick from someone else is not all that appealing,†Marla Jo Fisher, a writer, told AARP Bulletin (November 2020, page 44).  Medicare is expanding coverage of telehealth visits during the pandemic, changes which hopefully will remain in place.  The Department of Health and Human Services recently reported that less than 1% of primary care visits in February were via Telehealth, a number which jumped to 43.5% in April.  California has a bill going into effect on January 1 requiring all insurers to pay for Telehealth visits.  If your doctor isn’t using Telehealth, talk to Community Hospital of the Monterey Peninsula, CHOMP, on suggestions.

https://www.chomp.org/find-a-doctor/doctor-search-results/?termId=a826e4db-730c-e611-9cf8-005056a462a1#.X9fgodhKjcs

Monterey, CA In Home Dialysis Expands Under Medicare

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Senior citizens with kidney problems will have an option of in-home dialysis care covered by Medicare.  About 1 in 3 Medicare patients that are struggling with end-stage renal disease will be enrolled in the new program.  In addition to being more convenient, it will reduce the risk of being exposed to people with COVID-19.  Medicare also announced that it will increase the amount it pays provider of home kidney treatments to help gain traction with the program.  About 92,000 Americans are currently on the kidney transplant list.  For more information, talk to one of our local dialysis centers which are listed here:

https://www.dialysisfinder.com/dialysis-centers/monterey/ca/100#.X9Kn79hKjcs

Medicare Advantage Premiums To Drop 11% In 2020

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According to the Centers for Medicare & Medicaid Services (CMS), Medicare Advantage plans are expected to decline by 11% in 2020 to $21 (from $23.63 in 2020).  About 42% of Medicare participants are expected to enroll in the plans, as many of those have added new services.  There are also a wide array of plans available, 47 in 2020 compared to just 39 in 2020.

Monterey, CA Many Seniors Overwhelmed By Medicare Renewal Choices

A blue and white logo of the social security administration.


It’s open enrollment time until December 7, a time of year when seniors can swap out Medicare Advantage plans.  However, according to the New York Times, many seniors are overwhelmed by the number of choices and do nothing.  According to the Kaiser Family Foundation, seniors will be able to choose from 57 different prescription or Advantage plans that include drug coverage.  A new survey found that 57% of seniors didn’t review or compare their coverage, with 46% saying they never or rarely visited their plans.  Two thirds of beneficiaries 85 or older don’t review their coverage annually.

https://www.nytimes.com/2020/11/13/business/medicare-advantage-retirement.html

Carmel, CA Elder Abuse Alert : Medicare Scam

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Senior citizens are complaining to AARP that they are getting calls from Medicare claiming that because of the coronavirus, they were issuing plastic cards now and asking people to verify their Social Security number.  These are not representatives of Medicare, these are scammers trying to get your personal information so that they can commit identity theft.  Beware!

Medicare Open Enrollment Closes On December 7


It’s more important than ever this year that you examine your options for a Medicare Advantage Plan or Medicare Supplement Insurance Plan (Medigap), in particular to see what is covered if you should get the dreaded coronavirus.  October 15 to December 7 is the period when all people with Medicare can change their health care plan and prescription drug coverage for the following year.  In general, Medicare beneficiaries without some sort of Medicare Supplement Insurance will face Medicare cost-sharing if they contract COVID-19 or have any other health problems.  If you do have health conditions and leave a Medigap plan for a Medicare Advantage plan for the first time, you do get a one time 12-month “trial right†to try the Medicare Advantage plan and still have the option to go back to their same Medigap plan without medical underwriting.  You can find Medicare plan information or compare plans by calling 1-800-MEDICARE  or visit Medicare.gov.

https://www.usatoday.com/story/money/columnist/2020/09/23/medicare-open-enrollment-starts-oct-15-heres-what-to-do/5853137002/