Get Ready Medicare Customers Increase In Out-Of-Pocket Limit For Medicare Advantage Plans $7,550 In 2021?

Watching the presidential debate I was wondering when were they going to talk about the most important topic that’s affecting nearly half of America. High healthcare cost, While doing some research I came across this article from Forbes magazine. Here’s a snippet The out-of-pocket maximum or limit is the most you will have to pay for covered services in a plan year. Once you have written checks up to the set limit, the Medicare Advantage plan will cover the costs of services for the remainder of the year. Beginning in 2011, Medicare set the maximum out-of-pocket limit for in-network services at $6,700 and $10,000 for in- and out-of-network combined. But that will change as of January 1. The maximum limits will increase to $7,550 for in-network and $11,300 for in- and out-of-network combined.
— Read on www.google.com/amp/s/www.forbes.com/sites/dianeomdahl/2020/10/22/have-you-heard-the-maximum-out-of-pocket-limit-for-medicare-advantage-plans-will-be-7550-in-2021/amp/

I’m Apart of The Sandwich Gen.

Sandwich generation moms feeling the squeeze

Mothers in the “sandwich generation,” ages 35-54, feel more stress than any other age group as they balance the demanding, delicate acts of caring for growing children and their aging parents, according to the American Psychological Association’s 2007 Stress in America survey. And while nearly two-in-five men and women in this age group feel overextended, the survey reveals that more women than men report experiencing extreme stress and say they manage their stress poorly.

Nearly 40 percent of those aged 35-54 report extreme levels of stress (compared to 29 percent of 18-34 years old and 25 percent of those older than 55). This stress takes a toll not only on personal relationships — 83 percent say relationships with their spouse, children and family is the top source of their stress — but also on their own well-being as they struggle to take better care of themselves. As Mother’s Day approaches, it’s a good time for moms and their families to recognize the importance of addressing stress and managing it in healthy ways.

“It’s not surprising that so many people in that age group are experiencing stress,” says psychologist Katherine Nordal, PhD, executive director for professional practice, American Psychological Association. “The worry of your parents’ health, and your children’s well-being as well as the financial concern of putting kids through college and saving for your own retirement is a lot to handle.”

Continue reading “I’m Apart of The Sandwich Gen.”

Aged care residents receive half the funding of prisoners

Aged care residents receive around half the government funding of prisoners, the CEO of a Tasmanian nursing home has told local media.

Aged Care Deloraine CEO, Charlie Emmerton, told The Advocate it was “really sad” older members of the community receive such low levels of funding.

“On average we get $50,000 a year for a resident, which includes their daily care, cleaning, washing, medication, and food.

“If I was running a prison I would get $100,000 per inmate. In a prison they don’t need to be toileted or hand fed or help with putting their clothes on,” he said.

Mr Emmerton was commenting on the latest report by StewartBrown, which shows more than 50 per cent of the aged care operators surveyed are making a loss.

The results are even worse in outer regional and remote areas, where 65 per cent of homes made a loss, compared with 47 per cent in cities.

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