One of the eligibility requirements for Medicare is turning 65. Three months before you do turn 65, you’ll enter your Initial Enrollment Period, allowing you to enroll in Medicare for the first time. But, you may wonder if you have to sign up for Medicare once you turn 65. To answer this question, you need […]
Do I Have to Enroll in Medicare At Age 65? Read More »
Medicare Part D is a standalone plan of the Medicare program that provides coverage for prescription drugs. Part D plans are sold by private insurers, so the drugs that are covered will vary among each plan. However, Part D plans are mandated to cover drugs in certain categories such as immunosuppressants, antipsychotics, antidepressants, and cancer
What are the Four Coverage Stages of Part D? Read More »
When you first enroll in Medicare, yes, you are eligible for Part D. In fact, all you have to do to be eligible is be enrolled in either Medicare Part A and/or Medicare Part B. Medicare Part D Premiums Most individuals enrolled in Medicare Part B (where a premium is required) pay a separate premium
Am I Eligible For Part D? Read More »
Medicare is defined as insurance for people over 65 and people with certain disabilities. Medicare is divided into four parts: Parts A, B, C, and D. Medicaid covers individuals such as those with low income, pregnant women, children, the elderly, or those with disabilities. You may have Medicare and Medicaid at the same time. Medicare
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Durable Medical Equipment, covered under Original Medicare (Part A and Part B), is medical equipment, such as walkers, wheelchairs, or hospital beds, that are ordered by your doctor to use in your home. For an item to be considered as Durable Medical Equipment, it must meet the following requirements: Be durable and reusable Used for
What Durable Medical Equipment Does Medicare Cover? Read More »
The Medicare Extra Help Program is through Medicare Part D. This program is designed to help those with low-income or limited resources. The federal government decides if you qualify for Extra Help through Part D, and if so, then you can receive help with premiums, deductibles, and coinsurance. By speaking with our team at Cornerstone
What Is The Medicare Extra Help Program? Read More »
Medicare Part D consists of a monthly premium and cost-sharing, which means you pay your part of the cost through a deductible or copayment. When enrolling in Medicare at age 65, it is best to enroll in Medicare Part D Prescription Drug coverage as well, so that you avoid a permanent late enrollment penalty. If
What Is The Part D Late Enrollment Penalty? Read More »
Medicare Part D is defined as coverage for prescription drugs. Medicare Part D is broken down into four periods: deductible period, initial coverage period, coverage gap, and catastrophic coverage. Catastrophic coverage in Medicare Part D is the fourth and final period in the four periods of Medicare Part D. Knowing about these four periods are
What Is Catastrophic Coverage In Part D? Read More »
Original Medicare technically does not cover prescription medications. That is why most Medicare enrollees also need a Medicare Part D Prescription Drug plan to accompany it. There are exceptions for medication coverage with Part A and Part B, though, which is what Original Medicare is composed of. Medicare Part A Medicare Part A coverage ranges
Does Original Medicare Cover Prescription Drugs? Read More »
The Medicare Special Enrollment Period (SEP) is typically a two-month span where you can make adjustments to your coverage because of a special circumstance. You can make changes to your Medicare Advantage plan or Part D drug plan during a Special Enrollment Period. For more information, or any questions answered, you can contact Cornerstone Senior
What Is The Medicare Special Enrollment Period? Read More »
