Medicare is health insurance for adults aged 65 or older and those with certain disabilities. Many people are surprised to learn that Medicare is not end-to-end healthcare. In fact, from the beginning, Medicare was designed to cover only about 80 percent of a beneficiary's major medical expenses. … [Read more...]
In Medicare Mistake #4 we talked about why Medicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B).... isn't the best option for people with chronic health issues, and how Medicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage.... offers solid protection from A deductible is an amount a beneficiary must pay for their health care expenses before the health insurance policy begins to pay its share...., A copayment, also known as a copay, is a set dollar amount you are required to pay for a medical service...., and Coinsurance is a percentage of the total you are required to pay for a medical service. .... In this article, we'll address the importance of getting the right … [Read more...]
Medicare offers all of its beneficiaries the ability to gain access to quality health care regardless of their race, color, creed, economic status, or health condition. As we discussed in the first article in our Medicare Mistakes Series, Medicare is not free, and the A premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of premiums. ..., A deductible is an amount a beneficiary must pay for their health care expenses before the health insurance policy begins to pay its share...., and … [Read more...]
If you are a healthy senior, choosing a Medicare plan at age 65 is relatively straightforward. But what if you have chronic health issues? In the fourth article of our Medicare Mistakes Series, we'll address this very important issue.
Original Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage.... does not cover routine … [Read more...]
Medicare covers many common laboratory tests and diagnostics needed to keep you healthy or diagnose a symptom. This includes many blood tests for things like hepatitis, sexually transmitted infections (STIs), triglycerides, cholesterol, lipids, and most preventive care lab tests. In this … [Read more...]
Assisted living and independent living are very different. Assisted living is when someone receives assistance with their daily living tasks, including bathing, grooming, cooking, cleaning, and taking medication. Independent living is when someone lives at home with minimal or no … [Read more...]