Published: July 2018

Health insurance tax would hit seniors hard

An approximate $22 billion health insurance tax (HIT) is scheduled to impact 20 million seniors and disabled individuals enrolled in Medicare Advantage in 2020. In a letter, coalition advocates urged Congress to delay the HIT for 2020, otherwise millions of American seniors and others with health insurance coverage could face a major premium increase, including $500 in additional annual premiums for the typical Medicare Advantage couple.

At a time when Americans are looking for help to lower health care costs, the health insurance tax would be seriously detrimental for far too many seniors who count on Medicare Advantage and do not have the resources to cover this additional cost. Congress made the right decision delaying the HIT before and should take action to protect current and future retirees. Delaying the HIT would also offer greater stability for providers and sustain the move to value-based care lead by Medicare Advantage plans and providers.

Lead Organization

Better Medicare Alliance

Other Organizations

Association for Behavioral Health and Wellness | Better Medicare Alliance | Consumer Action | Council for Affordable Health Coverage | Healthcare Leadership Council | International Council on Active Aging | Meals on Wheels America | National Association of Dental Plans | National Association of Health Underwriters | National Association of Hispanic Nurses | National Association of Nutrition and Aging Services Programs (NANASP) | National Hispanic Council on Aging | National Hispanic Medical Association | National Medical Association | National Minority Quality Forum | Population Health Alliance | Public Sector Healthcare Roundtable | SNP Alliance | The Latino Coalition

More Information

Click here to read the letter in full.

For more information, please visit Better Medicare Alliance.

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