Medicare has been around for 50 years. You’d think in all that time, things would have gotten easier, but sadly, it’s just become MORE confusing and more complicated. If you are approaching 65, you’ve likely started getting bombarded with calls, emails, and direct mail pieces. As you start looking over them, you’ve probably gotten confused more than once by the terminology, multiple dates to remember, enrollment instructions, and part options. [...]
Did you know most people aren’t getting all the Medicare benefits they deserve? Many folks are automatically enrolled in Medicare when they turn 65. Original Medicare, Parts A and B, cover many expenses. In general, Part A = inpatient hospital coverage Part B = outpatient medical coverage Part C = known as Medicare Advantage, available through private companies Part D = prescription drug coverage However, what if we told you that you could get [...]
Medicare Part D helps cover cost of prescription drugs. Considering nearly 1 in 2 Americans are on a prescription drug, this is a very important plan for many. If you are nearing 65 and planning to start Medicare, or if you have a chronic illness, or have been seriously injured, prescription drug coverage may be a nonnegotiable for you. This is why it’s very important to weigh your options and [...]
Medicare prescription drug coverage is an optional benefit offered to everyone who has Medicare. However, if you decide to not get Medicare drug coverage when you're first eligible, you'll likely pay a late enrollment penalty if you join later The late enrollment penalty is an amount of money that will be added to your Medicare Part D monthly premium if you go for 63 days (or more) after your Initial Enrollment Period is over without [...]
What is Medicare Part D? There are four parts of Medicare. In general: Inpatient hospital coverage = Medicare Part A Outpatient medical coverage = Medicare Part A Alternative benefit form to Original Medicare that offers extra benefits = Medicare Part C Prescription drug coverage = Medicare Part D Today, we will be looking further into Medicare Part D. What does Medicare Part D cover? Medicare Part D is the prescription [...]