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Despite the financial penalty, 45,646 retirees have declined the Advantage plan in favor of staying on Senior Care, according to data provided to the Daily News by City Hall.
The new Medicare Advantage Plus Plan has for months raised concerns from the NYC Organization of Public Service Retirees, a group of ex-municipal workers who fear it could water down their...
Rising Medicare Part D premiums come as retirees receive a much smaller Social Security cost-of-living adjustment in 2024 — 3.2% compared to the 8.7% increase in benefits they received in 2023.
The NYC Organization of Public Service Retirees has sued the City over being forced into Medicare Advantage and won six times in court thus far. The unions made the mistake of trying to sell off current retiree healthcare for value in their collective bargaining. Retirees cannot bargain and are not in unions as the NYS Taylor Law prevents it.
Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities, including those with end stage renal disease and amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease).
- Retirees may face this hassle with Medicare Advantage, survey findsaol.com
- Many retirees aren't prepared for how Medicare costs 'can add up'aol.com
- Why retirees may pay 'significant increases' in 2024 Medicare Part D drug premiumsaol.com
- How a 'complex' Medicare Advantage market left Humana scrambling to start 2024aol.com
Medicare Advantage (Medicare Part C, MA) is a type of health plan offered by Medicare-approved private companies that must follow rules set by Medicare. Most Medicare Advantage Plans include drug coverage (Part D).
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