If you or your loved one pay Medicare premiums by automatic deductions from a social security check, part of your insurance coverage may be canceled.
"Processing error" led to premiums for Medicare Advantage plans (Part B) and prescription drug plans (Part D), which are not paid nationwide for 250,000 pensioners – until January – under social security and Medicare.
Four months bonuses are overdue for some beneficiaries. 19659002] Planners have to look for letters from their insurance companies who want to pay ̵
Pensioners will have to find money to pay for unpaid premiums, agencies said, because social security can not deduct premiums for the past months.
Published reports say that some beneficiaries have already lost coverage, and It is unclear how many retirees have not yet learned about the error.
The members of the committee about the ways and ways of the house wrote a letter to the agencies asking for answers.
"For vulnerable elderly and disabled people living with fixed income, getting an account for several months on unpaid … premiums can lead to significant and potentially ongoing difficulties," the representatives wrote. in 2019, part-D premiums cover an average of $ 30 per month at national level, while Medicare Advantage plans cost up to $ 200 a month, with average retirees receiving $ 1,400 a month from social security coverage
"For someone who lives with $ 1,400 per month, each new expense – even less an unexpected account of $ 180, or $ 500, or even $ 1,200 or more – can make it harder to put food on the table, pay for medical care, and keep a roof over their heads, "he wrote in the letter
and Medicare did not respond to the letter
For insurance companies, Jennifer Shapiro, acting director of the Medicare Plan Payment Group, said insurers should offer payment plans to those who can not fully redeem the premiums .
Plans should also offer a "grace period" – paying out the missed premiums, said Paul Krissionne, a certified financial planner with Freedom Capital Management in Colts Neck. The "grace period" should last at least as long as the billing delay, he said.
"Plans also have the opportunity not to pursue these outstanding payments," Criscione said.
If you are not sure whether your bonuses are up to date, contact your plan providers and check your social security records.
Have you been Bamboozled? Carin Price Muller arrives at Bamboozled@NJAdvanceMedia.com . Follow her on Twitter @KPMueller . Find Bamboozled on Facebook. Mueller is the founder of NJMoneyHelp.com . Be informed and sign up for the weekly NJMoneyHelp.com .