Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.

As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.

New York State’s 2012-2013 budget restored $30.6 million to the Elderly Pharmaceutical Insurance Coverage (EPIC) program that helps low- and moderate-income seniors pay for medications not covered by Medicare.

A Tampa, Fla.-based managed care services provider will pay $137.5 million to the federal government and nine states to settle four lawsuits accusing the company of violating the federal False Claims Act.

The sickest people using the U.S. health care system, as health reform continues to take hold, will have their treatment and utilization paid by those who are healthy, a new report affirms.

Many middle-income baby boomers are waiting to retire until they are eligible for Medicare, yet more than half admit to knowing little or nothing about the program, a new study says.

Health care services paid by commercial insurance and Medicare programs cost 5.28% for the year ending Dec. 31, 2011, according to the S&P Indices.

A Jacksonville, Fla.-based Blue Cross/Blue Shield insurance subsidiary agreed to acquire Pittsburgh, Pa.-based Highmark‘s Medicare subsidiary.

U.S. House Majority Leader Eric Cantor (R-Va) says President Obama‘s Medicare nominee, Marilyn Tavenner, is “eminently qualified” to run the federal program.

Under Obamacare Americans who don’t buy health insurance will be penalized with an extra tax. Now the Obama Administration has come up with a proposal that if you buy too good of an insurance plan as a senior citizen you will also be penalized. Obama wants to charge Medicare beneficiaries an extra 30% on top of their Part B premiums if they purchase Medicare supplemental insurance that covers their deductibles and copays. If passed this will become effective for policies purchased in 2017 or later.