
Senior citizens will have to deal with a spike in their Medicare premiums.
CMS explained on its site how and why the premiums and deductible costs will rise in the coming year:
The cost will affect all senior demographics, including those who are married, single, employed or unemployed. While some will pay out of pocket for the expense, Senior citizens who receive Social Security benefits will see the deduction in their benefit payment.
Medicare consists of 2 parts, A and B. Part A partially covers hospital bills, and Part B comprises mostly outpatient services. Regular screenings, home health services, doctor visits, and outpatient services will now carry a higher expense.
CMS will be holding an online information session on Nov. 13 at 2 p.m. ET. The “Ambulance Open Door Forum” will discuss the rising fees and explain the particulars to recipients.
The price hike may seem small to some, but to others, the increase may mean sacrificing an essential item such as food.
BLACK ENTERPRISE recently reported on Senior citizens in Atlanta who are facing food insecurity. The Atlanta residents receive supplemental food assistance from the Commodity Supplemental Food Program. Like other American Seniors, they are not always able to afford groceries on limited incomes.
BE reported, “Atlanta is not the only city battling food insecurity among seniors. The nonprofit organization Feeding America is working to help seniors across the nation. As the elderly population grows, so do the issues of hungry citizens.”
Linda Nageotte, President of “Feeding America” spoke about how lack of access impacts health.
“Food insecurity is closely tied to health, which becomes especially critical as we age. Addressing food insecurity among seniors would help reduce chronic health conditions and could result in healthier communities overall.”
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Source: Black Enterprise