We are in the Medicare Annual Enrollment Period and this may be the only time this year that you can change your current plan. What’s the better option - original Medicare (Parts A & B) or Medicare Advantage (Part C)? Medicare Advantage (MA) plans are usually less expensive for seniors than the combination of Medicare Part B coverage, Part D drug insurance, and Medicare Supplement (usually referred to as [...]
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 [...]
Each year, Medicare goes through changes. Whether it is updates to the traditional parts of original Medicare (Part A and Part B), or an evolution in Medicare Advantage plans, change is seemingly inevitable from year to year. 2023 is no different. There’s a mixed bag of positives and negatives of what’s in store for the people who are covered. Part B premiums and deductible decrease In 2022, the Medicare [...]
First and foremost, we would like to take a moment to thank our veterans and their loved ones. Your selfless acts of bravery do not go unnoticed and we are forever in awe and thanks of your dedication to your country and its citizens. Thank you. In honor of Veterans Day, did you know that you can have both Medicare and Veterans benefits? That’s right! The only catch is [...]
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. [...]
If you are a US citizen age 65 or older and need medical insurance, congratulations! You are eligible to enroll in Medicare. Medicare is separate from your Social Security application for income benefits. You age into Medicare at 65, regardless of whether you are taking your retirement income benefits yet. However, don’t expect Medicare to notify you when it’s time to sign up. You need to be mindful of the [...]
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, [...]
There is a lot to consider when becoming eligible for Medicare, and many people question if they make the right decision, selecting the best plan for their needs. If you have enrolled in Medicare but are wondering if there is something better out there for you, the Open Enrollment period is your time to investigate this further. For everything you need to know about Medicare Open Enrollment Period, read [...]
There are four parts of Medicare. In general: Part A = inpatient hospital coverage Part B = outpatient medical coverage Part C = an alternative benefit form to Original Medicare that offers extra benefits Part D = prescription drug coverage Today, we will be looking further into Medicare Part A. What does Medicare Part A cover? Inpatient care in a hospital: This includes all care you receive after being [...]