Medicare’s open enrollment period is well under way and now’s the time for you to take a long look at your coverage for the upcoming year. Many enrollees don’t take much time to examine the different plans that are available to them. Some say the process is confusing, others are content to keep their current plan without looking to see if any changes are in store for the next calendar [...]
As you work your way through the annual Medicare Open Enrollment Period, you may have noticed that Medicare coverage has many different options to choose from. Whether you’re enrolling for the first time this year, or you’re changing your plan, it can seem daunting. Don’t let all the information overwhelm you, we’re here to help. Our team of professionals are available to assist you in finding the coverage you [...]
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, these are the parts that make up Medicare: 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, [...]
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 [...]