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.

The congressional super committee creating a budget to reduce the federal budget deficit by at least $1.2 trillion over 10 years is targeting Medicare supplemental health plans, or Medigap plans.

Maryland’s acting insurance commissioner says the process to determine medical loss ratio for health insurers is in the “very early” stages.

Limits on contributions and low interest rates mean the role of health savings accounts (HSAs) in saving for health care costs in retirement will be “minor,” according to a new report.

Medigap policyholders see great value in the coverage, according to a new survey, which found that enrollees appreciate not having to worry about the cost of care.

Exactly 88% of Medigap …  Read →

The National Association of Insurance Commissioners’ model for a Medicare supplement has been adopted by the Centers for Medicare and Medicaid Services.

A notice was published in the Federal Register April …  Read →

The rates of more than 35 health insurers writing Medicare supplement insurance in Virginia are featured in a new premium comparison guide issued by the state’s bureau of insurance.

The State …  Read →