Four Changes to Medicare in the One Big Beautiful Bill Act

[Northeast Agent]

Four Changes to Medicare in the One Big Beautiful Bill Act

The One Big Beautiful Bill Act was passed in the House and is now in the hands of the Senate. If passed, it would include big changes to Medicare. Here's what to know.

www.kiplinger.com

Nothing negative in this story.

1. Allow contributions to HSAs after enrollment in Medicare Part A
There are some exciting changes to Health Savings Accounts (HSAs) included in the legislation. One of the most significant changes is for individuals enrolled in Medicare Part A who are still employed.

As it stands, if you want to make contributions to an HSA, you have to delay enrolling in both Medicare and Social Security. This is because most individuals who are collecting Social Security benefits when they become eligible for Medicare at age 65 are automatically enrolled in Medicare Part A. You cannot decline Part A while collecting Social Security benefits. To make HSA contributions, you can only be enrolled in a high-deductible health plan (HDHP).

 

[axeman462]

Four Changes to Medicare in the One Big Beautiful Bill Act

The One Big Beautiful Bill Act was passed in the House and is now in the hands of the Senate. If passed, it would include big changes to Medicare. Here's what to know.

www.kiplinger.com

Nothing negative in this story.

1. Allow contributions to HSAs after enrollment in Medicare Part A
There are some exciting changes to Health Savings Accounts (HSAs) included in the legislation. One of the most significant changes is for individuals enrolled in Medicare Part A who are still employed.

As it stands, if you want to make contributions to an HSA, you have to delay enrolling in both Medicare and Social Security. This is because most individuals who are collecting Social Security benefits when they become eligible for Medicare at age 65 are automatically enrolled in Medicare Part A. You cannot decline Part A while collecting Social Security benefits. To make HSA contributions, you can only be enrolled in a high-deductible health plan (HDHP).

it also opens HSAs up to normal bronze ACA plans as well. that is a nice expansion that will benefit a lot of people

 

[sman]

Nothing negative in this story.

Pssssh, what good is it then?

 

[Special Agent]

Four Changes to Medicare in the One Big Beautiful Bill Act

The One Big Beautiful Bill Act was passed in the House and is now in the hands of the Senate. If passed, it would include big changes to Medicare. Here's what to know.

www.kiplinger.com

Nothing negative in this story.

1. Allow contributions to HSAs after enrollment in Medicare Part A
There are some exciting changes to Health Savings Accounts (HSAs) included in the legislation. One of the most significant changes is for individuals enrolled in Medicare Part A who are still employed.

As it stands, if you want to make contributions to an HSA, you have to delay enrolling in both Medicare and Social Security. This is because most individuals who are collecting Social Security benefits when they become eligible for Medicare at age 65 are automatically enrolled in Medicare Part A. You cannot decline Part A while collecting Social Security benefits. To make HSA contributions, you can only be enrolled in a high-deductible health plan (HDHP).

You left out this.....

"The cost of the pending legislation would trigger automatic cuts to Medicare and some other programs; fortunately, Social Security is excluded from the reductions. Without congressional intervention, Medicare payments would be reduced by 4%, resulting in a $500 billion cut over eight years, beginning in 2026."

 

[Medicare bro]

You left out this.....

"The cost of the pending legislation would trigger automatic cuts to Medicare and some other programs; fortunately, Social Security is excluded from the reductions. Without congressional intervention, Medicare payments would be reduced by 4%, resulting in a $500 billion cut over eight years, beginning in 2026."

Yeah, but DOGE saved us 5 Billion dollars a year, so we are saved.

 

[Special Agent]

Yeah, but DOGE saved us like a 5 Billion dollars a year, so we are saved.

Still haven't seen any receipts or testimony DOGE has actually cut any actual fraud i know they have ended programs they don't alike or agree with tough.

 

[sman]

You left out this.....

"The cost of the pending legislation would trigger automatic cuts to Medicare and some other programs; fortunately, Social Security is excluded from the reductions. Without congressional intervention, Medicare payments would be reduced by 4%, resulting in a $500 billion cut over eight years, beginning in 2026."

You do realize these types of automatic cuts have been in bills for years and Congress always waives them and kicks the can down the road, right?

 

[Special Agent]

You do realize these types of automatic cuts have been in bills for years and Congress always waives them and kicks the can down the road, right?

reference?

 

[Medicare bro]

reference?

Have Cuts To Medicare Been Trying To Get Passed For Years

For those who think it's easier to annoy you than to Google 'Have cuts to medicare been trying to get passed for years' themselves.

letmegooglethat.com

 

[Special Agent]

Have Cuts To Medicare Been Trying To Get Passed For Years

For those who think it's easier to annoy you than to Google 'Have cuts to medicare been trying to get passed for years' themselves.

letmegooglethat.com

thanks for googling that for me but i already knew that sequestration Medicare cuts have kicked in before i just wanted mr smarty pants to prove it hasn't.lol