Many people are surprised to learn that Medicare is not free. For people on fixed incomes, the monthly expenses paid toward Medicare can make an impact on their budget. Just as in your previous healthcare, Medicare involves copayments, coinsurance, deductibles, and premiums. Every year, these prices go up slightly to account for inflation and rising […]
2021 Costs for Original Medicare Read More »
Ever wonder why people might think Medicare is free? They probably heard about premium-free Part A. One of the biggest cost-savings available under Medicare is premium-free Part A, for those who are eligible. This is the perk awarded to U.S. senior citizens who have paid taxes to Social Security their whole lives (or at least
How do you qualify for premium-free Medicare Part A? Read More »
When multiple insurance companies are involved, one becomes the primary, or first to pay, and one becomes the secondary, paying after the primary has paid its share of the costs. This is often a beneficial relationship to the insured, who has extra help paying for costs beyond the primary insurance. Not all costs may be
Is Medicare primary or secondary to employer insurance? Read More »
Medicare hospital insurance works differently than most other insurance. One of the biggest differences is in how they determine your deductible. A deductible is how much you are expected to pay before your insurance begins to pay. You will owe the full cost for medical services until the total reaches that set amount of the
How do Medicare deductibles work? Read More »
Medicare Part B is part of the foundation of Original Medicare. How does it work? What Does Part B Cover? Part B is outpatient medical insurance from Medicare. It covers preventive and medically necessary services, including services from doctors, mental health care, clinical research, ambulance services, durable medical equipment (such as wheelchairs), and preventive screenings
How does Medicare Part B work? Read More »
Having more than one insurance for health care can make a big difference in the out-of-pocket costs you are responsible for. The insurance company that pays first is determined by the “coordination of benefits.” Medicaid Medicare will always pay first for covered services before Medicaid. Employer Coverage If you or your spouse are employed and
How does Medicare work with other insurance? Read More »
Older adults and those with severe chronic medical conditions have been reported to be at a higher risk of contracting COVID-19, according to the Centers for Disease Control and Prevention. This means that especially if you have troubles with your heart, lungs, or kidneys you should abide by all recommended health precautions. Most people receiving
What costs related to COVID-19 does Medicare cover? Read More »
Many people qualify for Original Medicare and will be automatically enrolled close to their 65th birthday. Those that are automatically enrolled and do not wish to make any changes will not need to do anything else. Those that wish to enroll in Medicare Advantage or do not automatically qualify have a few different enrollment options.
How Do I Apply for Medicare? Read More »
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 can offer a broad range of coverage for healthcare services, but for some, the costs that are not covered by Medicare can be too much to pay out-of-pocket. These costs can include premiums, deductibles, coinsurance, and copayments. However, with a Medicare Savings Program, these out-of-pocket costs do not have to be of concern. QMB
What is a Medicare Savings Program? Read More »
