Funds for Medicare Advantage Part C benefits are drawn from the Hospital Insurance (HI) Trust Fund (accounting for 48% of total spending on Medicare Part A benefits in 2023). Funds for Part B and Part D (outpatient prescription drugs) benefits are drawn from the Supplementary Medical Insurance (SMI) trust fund. Beneficiaries enrolled in Medicare Advantage plans pay the Part B …
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Medicare Part A Hospital Trust Fund Is At Risk
written by National Retiree Legislative Network
2 minutes read
The Medicare Trustees’ 2024 report stated that the Hospital Insurance (HI) Trust Fund will be able to pay 100 percent of total scheduled benefits until 2036, five years later than reported last year. At that point, that fund’s reserves will become depleted and continuing program income will be sufficient to pay 89 percent of total scheduled benefits.The HI Trust Fund …
