As October approaches, like clockwork the Medicare commercials begin on TV. As if Medicare isn’t confusing enough already, none of us need the bombardment of hype from insurance marketing organizations, like AARP. Nevertheless, it’s here and will be with us until early December. One area of confusion for many seniors has to do with the […]
Medicare For Those With Disabilities
Medicare is not only for those 65 and older. If you are disabled due to injury or disease you may qualify as well. It’s to your benefit to begin looking into Medicare disability benefits as soon as possible. Facts About Medicare for Those with Disabilities Your first step is to apply for Social Security disability […]
What Gaps in Medicare Mean To You
In dictionaries the word gap means a break, a separation, an incompleteness or deficiency. In Medicare it means the same thing, but it refers specifically to something that is missing from your health insurance coverage. Many seniors make a critical mistake when they buy into government literature that explains how Medicare pays for eighty percent […]
What Medicare Out-of-Pocket Costs Mean to You
Out-of-pocket costs are those fees that you have to pay at the doctors office, hospital or pharmacy because they are not covered by your Medicare health insurance. Almost all healthcare plans have these expenses, but they vary according to what type of Medicare plan you choose. Your out-of-pocket costs are a financial risk. As with […]
What To Do When Your Medicare Drug Plan Doesn’t Cover Your Prescription
Presumably, if you have a Medicare Part D Plan or a Medicare Advantage Plan (Part C) that includes Part D drug coverage, you looked at its formulary before you made the decision to enroll in the plan. Perhaps since then, however, you have developed a need for another medication which is not covered by your […]
Is a Medicare MSA Plan Right For You?
MSA stands for Medical Savings Account. It’s a type of health insurance plan that helps you set aside monies in a tax-free savings account to be used on your health care costs. If you’re familiar with Health Savings Accounts outside of Medicare, it’s a similar type of health plan. Some Medicare Advantage (Part C) plans […]
Tips on Enrolling in Medicare for the First Time
About ten thousand people a day turn 65 in the United States, making them eligible for Medicare health insurance. If you are about to turn 65 you might want to know what being Medicare eligible means to you and how you can best prepare. The most important thing to be aware of is your Initial Enrollment […]