For the first time, Medicare would be allowed to negotiate prices for prescription drugs.
Under the bill, Medicare would negotiate the cost of up to 10 retail drugs beginning in 2026. By 2029, Medicare's bargaining power would expand to 20 retail and 20 doctor-administered drugs. The bill would save the federal government an estimated $288 billion over the next decade.
Those savings would help offset the cost of implementing a $2,000 out-of-pocket cap for older adults. Medicare recipients also would have insulin prices capped at $35 a dose. That cap will not extend to Americans covered by private insurance plans.
The bill benefits people who must take expensive prescriptions for conditions such as cancer, stroke prevention, asthma and multiple sclerosis. An estimated 1.4 million Medicare recipients spent at least $2,000 on prescriptions in 2020, the most recent year with available data, according to a Kaiser Family Foundation analysis.
The bill also would decrease drug makers' ability to significantly hike prices and allow the negotiation of Prescription Drug prices for Medicare which exists with the Veterans Administration (VA). Starting as early as 2023, drug makers that increase prices above inflation levels would be required to pay rebates.
The legislative measure extends Affordable Care Act subsidies three more years through 2025 within the Affordable Care Act (ACA) Marketplace, providing valuable savings for uninsured or underinsured Americans ages 18-64 years old. The Federal ACA subsidies allows for less expensive health insurance coverage for lower and middle-income earners who directly purchase coverage on federal and state insurance exchanges.
It's Time To Schedule Your Medicare Annual Review w/ MRW Solutions Group As the end of summer is whining down in the sun filled days of August, September and with the month the unofficial end of Summer called Labor Day, is around the corner.
If you are a current client of MRW Solutions Group, it is the time to schedule your Medicare Annual Review between Saturday, October 1, 2022 - Sunday, October 14, 2022. Why is it important that you do so now?
During our 30 minute Medicare Review, we will discuss any new features and benefits of your current plan, as well as if you prefer, other options that would meet your current needs.
We will extend our hours as well during the time period noted above from 8:00 am - 10 pm ET Monday - Friday, 9:00 am - 6:00 pm Saturday and 10:00 am to 5:00 pm on Sunday for accommodation. Book your Medicare Annual Review with MRW Solutions Group right now between October 1-14, 2022, if you are a current client, at the link below:
The Time To Schedule Your ACA (Affordable Care Act) Marketplace Review is Around The Corner Not many of us in Michigan want to think about the winter months quite yet, however, November will come upon us shortly. From November 1, 2022 - December 15, 2022, is the ACA/Marketplace Open Enrollment Period.
If you are a current client of MRW Solutions Group, we will be communicating with you shortly to schedule your 30 minute ACA/Marketplace Review from October 15, 2022 - October 30, 2022.
However, you can book your time in our mid to end of October calendar right now, if you like at the link below:
Our hours as with the Medicare Annual Review will extend during the time period noted above from 8:00 am - 10 pm ET Monday - Friday, 9:00 am - 6:00 pm Saturday and 10:00 am to 5:00 pm on Sunday for accommodation.
Dental, Dental, Dental Care is Healthcare and a $5000 Annual Maximum Can Keep Your Smile Bright
"If you have dental insurance, preventive dental care services like exams and cleanings may be 100% covered.
If your plan doesn’t cover these services, average prices are:
Basic cleaning and polish: $75–$200
Panoramic X-rays: $100–$200
Dental filling costs
The price for filling a cavity can depend on the tooth filling material, the size of the cavity to be filled and the location of the tooth.3 Here are some dental filling costs based on different materials:
Amalgam: $50–$150 for 1–2 teeth
Composite or ionomer: $90–$250 for 1–2 teeth
Gold: $250–$4500 for 1–2 teeth
Dental crown costs
Like a filling, the cost of a crown is based on the material used.4 Here are typical prices for a dental crown:
Metal: $500–$1,500 per tooth
Porcelain fused-to-metal (PFM): $600–$1,800 per tooth
Ceramic (porcelain): $800–$2,000 per tooth
Tooth extraction costs
How much you pay for getting a tooth pulled can depend size of the tooth, location of the tooth and difficulty of the procedure. A range of prices include:
Simple tooth extraction: $75–$250
Surgical tooth extraction: $180–$550
Wisdom tooth extraction: $120–$800
Root canal costs
Root canal prices can vary based on how severe the infection is and which tooth is affected. Ballpark estimates for commonly affected teeth are:
Incisor: $500–$1,000
Molar: $800–$1,500
The cost of dentures
The cost of dentures depends on several factors. These include the quality of the materials, the need for tooth extractions, or the cost of follow-up appointments for fitting adjustments. Here are some ranges of estimated costs for dentures:
Low-cost dentures: $600–$1,000 for a full set
High-quality dentures: $4,000–$8,000 for a full set"
As you can see, dental procedures can dig the pocketbook savings just a bit. MRW Solutions Group can assist with free consultations for Dental Insurance options with immediate coverage for major procedures like Root Canals, Crowns, Tooth Extractions, Deep Cleanings, Bridges, Dentures, Implants and more. According to a January 6, 2021, National Institutes of Health Study, "nearly half of respondents (46.7%) reported delaying going to the dentist or receiving dental care due to the COVID-19 pandemic. Among adults who reported delaying dental care due to the pandemic, 74.7% reported delaying a checkup, 12.4% reported delaying care to address something that was bothering them, and 10.5% reported delaying care to get planned treatment. As well, only about 44.4% of adults reported that they planned to visit the dentist within the next 3 mo. In the multivariable regression model, only living in an urban (vs. rural) area was associated with significantly higher odds of delayed dental care due to the pandemic." So let's make a vow to take care of your Dental Care for the remaining months of 2022. There are Dental Insurance options available for up to a $5000 Annual Maximum for your Dental Procedures that can keep your smile bright as well as protect your health. Delays in Dental Care can lead to health issues such as according to a CareQuest Institute for Oral Health 2022, journal study, "adults with periodontal disease (PD) have a 28% higher risk of suffering their first heart attack than those without this condition. Researchers report that treating PD in people with diabetes is “particularly important” because of the link between managing PD and improving diabetic patients’ ability to manage their blood sugar levels. Age increases someone’s risk for stroke, and people with PD have more than double the risk of a stroke resulting from posterior circulation disease." To learn about immediate Dental Options for you and your family, contact us by scheduling your free Dental Insurance Consultation (Under Other Product Lines Consultation) with MRW Solutions Group at the link below:
Learn Everything You Need To Know About Medicare with our Educate. | Seminar Series and Events | Medicare Scholar 101 Seminars in September & October 2022
In April 2022, MRW Solutions Group launched our Educate. | Seminar Series and Events (Pending Non-Profit) Education Series to assist our greater Metro Detroit Regional Community In-Person and virtually, the additional states we service (MI, OH, NY, VA, SC, TX & AZ) learn more about the details about Medicare, the Affordable Care Act, Life Insurance, Google Drive and Gmail Best Practices for our Senior Population, Mental Health and Physical Wellness in partnership with Oak Street Health and more. Get connected to one or more and RSVIP with our upcoming Medicare Scholar 101 Education Seminars in Belleville, Canton, Saline, Howell, Ypsilanti Township, Michigan and Toledo, Ohio in September and October 2022 at this link and below:
We have been proud of our Partnerships for the 2022 year to expand our no-cost Educate. | Seminar Series & Events with the following wonderful organizations:
The Saline Area Senior Center - Saline, Michigan
Ypsilanti Township Recreation, 50 & Beyond Program - Ypsilanti Township, Michigan
Westland Chamber of Commerce - Health & Business Expo 2022 Participant - Westland, Michigan
Dearborn Farmers and Artisans Market - Dearborn, Michigan
National Church Residences - Columbia Court - Belleville, Michigan
Canton Public Library - Canton, Michigan
Belleville Area District Library - Belleville, Michigan
Saline Walmart #5472 - Saline, Michigan
Belleville Farmers Market - Belleville, Michigan
Greater Faith Transitions Center - Ypsilanti Township, Michigan
Joyful Treats Community Development (501.c.3)- Ypsilanti Township, Michigan
Saline Farmers Market - Saline, Michigan
Northeastern Ohio Region - Oak Street Health (Toledo, OH)
Metro Detroit Region - Oak Street Health (Hazel Park, Dearborn Heights, Southgate, and Detroit, MI - Locations)
Zeta Phi Beta Sorority, Inc. - Sigma Pi Zeta Chapter - Detroit, Michigan - Angela Hardison, Sorority Chapter Manager
Thank you all for continuing to support MRW Solutions Group mission with the Educate. | Seminar Series & Events which completes the Pillar in our "Do More Than What Is Required" Company Motto focusing on providing Life, Health and Wealth (Annuity) Insurance Education in the Areas and States we service.
All Educate. | Seminar Series events are no-cost to attend. As we say "Questions in need of Answers are Provided Free and with a Smile." That is the MRW Solutions Group Difference.
Author: Monica Ross-Williams, MBA; LIA
Monica’s vision for Insurance Management Consulting includes building long-term trust with our clients.
With over 25 years of experience of exceeding expectations, Monica truly values the consultative approach for understanding Insurance.
Our business model core is summarized in the quote: “Do More Than Is Required of You” for each of our Clientele.
Monica's E-Book, "Intro To Medicare 101 - The Ultimate Guide to Retiree Healthcare" will be available on Amazon.com in December 2022.
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