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Medicare Blog | Medicare News | Medicare Information

Retiree Health Benefits at a Crossroads

Posted by Jeremy Davis on Fri, Apr 18, 2014 @ 12:16 PM

Medicare Supplements This is a brief summary of the Medicare provisions included in the federal budget proposal for FY2015: if adopted, it would reduce Medicare spending by more than $400 billion between 2015 and 2024, accounting for about 25 percent of all reductions in federal spending included in the budget. More than one-third (34%) of the proposed Medicare savings are due to reductions in payments for prescription drugs under Medicare Part B and Part D. (UPDATED YESTERDAY). One-third (33%) of the proposed Medicare savings are due to reductions in Medicare payments to providers. About 16 percent of the proposed Medicare savings are due to increases in beneficiary premiums, deductibles and cost-sharing.

Figure 1: Distribution of Medicare Savings in President Obama’s FY2015 Budget

Figure 1: Distribution of Medicare Savings in President Obama’s FY2015 Budget


Summary of Medicare Provisions in the President’s Budget

Beneficiary Premiums, Deductibles And Cost-Sharing

  • Income-Related Part B And Part D Premiums
  • Part B Deductible
  • Home Health Copayment
  • Surcharge On Medigap Coverage
  • Part D Copayments

Dual-Eligible Beneficiaries

  • Program for All-Inclusive Care for the Elderly (PACE) Program
  • Appeals Process
  • Qualified Individuals

Other topics discussed in more detail include:

Medicare Advantage, Prescription Drugs, Physician Payments and the Sustainable Growth Rate (SGR) Formula & Medicare Payments to Other Providers

To review the full story please follow this link: http://kff.org/medicare/issue-brief/summary-of-medicare-provisions-in-the-presidents-budget-for-fiscal-year-2015


Source: Kaiser Family Foundation

Additional Updates:
 

Tags: Medicare Supplement, Part D

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