Medicare Is Projected To Be Insolvent In 2028

The trustees of the Medicare program just released their 2022 annual report and it came with some really bad news. The Medicare Part A Hospital Insurance (HI) Trust is expected to be insolvent in 2028 which currently provides health benefits to over 63 million Americans. The U.S. has been kicking the can down the road for the past 40 years and we have finally run out of road. In this article I will be covering:

• What benefits Medicare Part A provides that are at risk
• The difference between the Medicare HI Trust & Medicare SMI Trust
• If Medicare does become insolvent in 2028, what happens?
• Changes that Congress could make to prevent insolvency
• Actions that retirees can take to manage the risk of a Medicare insolvency

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