Medicare May Not Cover the Coronavirus Vaccine After All
While Medicare would cover a coronavirus vaccine approved through normal channels, if the Food and Drug Administration approv...
Read moreMedicare recipients living with a diagnosis of Alzheimer’s recently received promising news: The Centers for Medicare & Medicaid Services (CMS) has announced that it would begin covering new Alzheimer’s treatments that receive approval from the FDA.
“If the FDA grants traditional approval, CMS is prepared to ensure anyone with Medicare Part B who meets the criteria is covered,” CMS administrator Chiquita Brooks-LaSure said in a statement.
According to the Alzheimer’s Association, nearly 7 million American seniors are living with Alzheimer’s disease, the most common form of dementia. It remains the fifth-leading cause of death among adults aged 65 and older.
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Among patient advocates, the news about Medicare coverage for newer therapies is welcome. It could mean that more people will now be able to afford newer Alzheimer’s drugs as they secure full FDA approval.
One medication, Leqembi, could be fully approved by the FDA as soon as July 2023. Currently, it costs more than $26,000 annually, a price tag that keeps it far from reach for the vast majority of patients. The other FDA-approved therapy available is Aduhelm, which comes at a similarly high cost. Both have received accelerated approval by the FDA.
To be eligible to receive coverage for these Alzheimer’s treatments, patients will need the following:
Advocates, as well as some lawmakers and health care experts, are expressing concern on several fronts, however.
For example, the Alzheimer’s Association issued a statement arguing against the inclusion of registries in the coverage requirements.
“We remain concerned that the requirement of clinicians to register and enter data will create unnecessary hurdles,” the association stated.
Meanwhile, at least two lawmakers say that the CMS’ plan does not make clear how seniors who need this type of treatment will actually gain access to it. They are raising questions that CMS has not yet addressed regarding how the registry would work, including when it would go live and how patients would find out whether their doctor takes part in registries.
In their joint statement, they ask Brooks-LaSure to “either reconsider the coverage with evidence requirements for the Alzheimer’s treatments or to immediately begin preparing for a registry that is clearly defined and minimizes provider and patient burden.”
Still others point out that coverage of a drug such as Leqembi would mean increased spending for Medicare Part B, which in turn could mean higher Medicare Part B premiums for patients.
While Medicare would cover a coronavirus vaccine approved through normal channels, if the Food and Drug Administration approv...
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Read moreThis book provides a guide to the legal and ethical aspects of caring for a family member with Alzheimer's disease.
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Read moreIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MOREIn addition to nursing home care, Medicaid may cover home care and some care in an assisted living facility. Coverage in your state may depend on waivers of federal rules.
READ MORETo be eligible for Medicaid long-term care, recipients must have limited incomes and no more than $2,000 (in most states). Special rules apply for the home and other assets.
READ MORESpouses of Medicaid nursing home residents have special protections to keep them from becoming impoverished.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MORECareful planning for potentially devastating long-term care costs can help protect your estate, whether for your spouse or for your children.
READ MOREIf steps aren't taken to protect the Medicaid recipient's house from the state’s attempts to recover benefits paid, the house may need to be sold.
READ MOREThere are ways to handle excess income or assets and still qualify for Medicaid long-term care, and programs that deliver care at home rather than in a nursing home.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREMost states have laws on the books making adult children responsible if their parents can't afford to take care of themselves.
READ MOREApplying for Medicaid is a highly technical and complex process, and bad advice can actually make it more difficult to qualify for benefits.
READ MOREMedicare's coverage of nursing home care is quite limited. For those who can afford it and who can qualify for coverage, long-term care insurance is the best alternative to Medicaid.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
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READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
READ MOREDistinguish the key concepts in estate planning, including the will, the trust, probate, the power of attorney, and how to avoid estate taxes.
READ MORELearn about grandparents’ visitation rights and how to avoid tax and public benefit issues when making gifts to grandchildren.
READ MOREUnderstand when and how a court appoints a guardian or conservator for an adult who becomes incapacitated, and how to avoid guardianship.
READ MOREWe need to plan for the possibility that we will become unable to make our own medical decisions. This may take the form of a health care proxy, a medical directive, a living will, or a combination of these.
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READ MOREUnderstand the ins and outs of insurance to cover the high cost of nursing home care, including when to buy it, how much to buy, and which spouse should get the coverage.
READ MOREWe explain the five phases of retirement planning, the difference between a 401(k) and an IRA, types of investments, asset diversification, the required minimum distribution rules, and more.
READ MOREFind out how to choose a nursing home or assisted living facility, when to fight a discharge, the rights of nursing home residents, all about reverse mortgages, and more.
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READ MOREGet a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI.
READ MORELearn how a special needs trust can preserve assets for a person with disabilities without jeopardizing Medicaid and SSI, and how to plan for when caregivers are gone.
READ MOREExplore benefits for older veterans, including the VA’s disability pension benefit, aid and attendance, and long-term care coverage for veterans and surviving spouses.
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