Medicare Part D provides prescription drug coverage. Some drugs are covered under Part B, but for those that are looking for more extensive coverage, Part D is the answer. Who Needs Part D? Medicare does not require Part D enrollment and it is completely up to the beneficiary whether or not they’ll utilize this coverage. Anyone who […]
What Are Medicare Part D Drug Tiers? Read More »
Medicare consists of different parts that offer various coverage. By dividing up the coverage, each policy’s benefits are clear and billing is made simple. Understanding the different parts of Medicare is extremely important in choosing the right policy and deciding which type of coverage will work best for you. Medicare Part A Medicare Part A covers
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While the majority of people enrolled in Medicare do fulfill the standard age requirement, there are some people who can qualify earlier due to disability. Let’s discuss what qualifications must be met and whether or not you are eligible for Medicare. Medicare’s Standard Age Enrollment The typical enrollment age for Medicare is 65. People who
Am I Eligible for Medicare If I’m Under 65? Read More »
Medicare’s Annual Enrollment Period is when anyone can begin enrollment or make changes to their Medicare plan. It’s a period that lasts a little under two months and allows for modification and flexibility. When Is the Annual Enrollment Period? The Annual Enrollment Period (AEP) begins October 15th and ends December 7th. Keeping this time frame in
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Many of Medicare’s different policy options have set periods where it is best to enroll. In fact, many people are forced to pay late enrollment penalties when they fail to enroll during those periods. This is what you need to know to avoid Medicare’s late enrollment penalties. Medicare Part A Late Enrollment Penalty If you
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If you are shopping for Medicare Advantage plans, you may be curious about the different plan-types that are on the market. Private-fee-for-service plans are typically offered by private insurance providers, and the U.S. government makes this option available to Medicare Advantage buyers as well. If you are interested in what private-fee-for-service plans have to offer,
How Do Private-Fee-For-Service Plans Work Read More »
If you are in the market for Medicare Supplement Insurance, you are looking for additional help covering the out-of-pocket costs from Medicare-approved services. Medicare Supplement Insurance Plans F and G are the most comprehensive options, offering broad coverage that leaves you paying effectively nothing out-of-pocket for healthcare services. But the high deductible option for these
High Deductible Plan F vs. High Deductible Plan G Read More »
If you are currently insured by your employer, getting Medicare coverage may be a bit more complex. People who will soon be eligible for Medicare coverage, but already have another form of coverage, may desire to enroll in Medicare anyway. Before doing so, you should understand how Medicare will affect your existing benefits. How Does
Medicare and Employer’s Coverage: How Do They Work Read More »
Having prescription drug coverage is a great way to save money on your prescriptions, but keep in mind that you will still have out-of-pocket costs with Medicare Part D. But, what are these out-of-pocket costs? Premiums and Deductibles Part D premiums are an out-of-pocket cost based on income, as well as the carrier and plan
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There are ten different Medicare Supplement plans to choose from, but only a few offer comprehensive coverage: Plans C, F, G, and N. Plan C Plan C is one of the most comprehensive supplement plans as it covers 80% of a foreign travel emergency and 100% of: Part A Coinsurance and Hospital Costs Part A
What are the most comprehensive supplement plans? Read More »
