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On this page, you will find articles related to Medicare prescription drug plans (Medicare Part D).
by David Bynon, — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics. by Ethan Bynon
In our second article in the Medicare Mistakes Series, we discussed why it is a mistake not to enroll in Medicare at age 65. In Mistake #3, we're going to address an equally important topic, not signing up for Medicare if you are still working.
If you are still working at age 65, yes, you should … [Read more...] about When to Sign up for Medicare if Still Working at 65
by David Bynon, — fact checked by Ethan Bynon
Medicare is health insurance for people ages 65 and older and individuals with certain disabilities.
Most people should sign up for Medicare coverage starting three months prior to their 65th birthday. However, you can delay enrolling if you have coverage through your employer.
In this … [Read more...] about When Do I Need to Sign Up for Medicare?
by David Bynon, — fact checked by Ethan Bynon
Many people mistakenly believe that Medicare is free for everybody, including when you turn age 65. After all, during the years we work, we pay Medicare taxes, right?
Medicare is not free for everybody. Medicare is not free at age 65. And Medicare is not free for the disabled. Our taxes pay for … [Read more...] about Is Medicare Free For Everybody?
by David Bynon,
For some people, the switch to Medicare is welcome. However, even with Medicare being universally available, Medicare coverage varies widely among individuals.
If you look at Medicare Advantage plansMedicare 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)., you already understand how many options exist. Most of these plans include prescription … [Read more...] about Paying for Drugs When You Have a Medigap Plan
by David Bynon,
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2022, more than 64 million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to nearly 80 million people.
In this … [Read more...] about When Does Medicare Start? 7 Important Facts You Need to Know.
by Ethan Bynon, — fact checked by Andrew Bynon
Prescription medications can be difficult to keep up with financially, especially when needed to treat a chronic condition, like diabetes. Insulin in particular has suffered from skyrocketing prices over the past few years. Fortunately, as of January 2021, Medicare introduced the Senior Savings … [Read more...] about Does Medicare Cover Insulin?
by David Bynon, — fact checked by Ethan Bynon
In Medicare Mistake #9 we talked about how expensive it can be to go out-of-network in a Medicare Advantage plan and what you can do about it. Similarly, retiring can also be costly with Medicare. In this tenth and final edition of our Medicare Mistakes Series, we'll address three things you need to … [Read more...] about Medicare Mistake #10: Costly Financial Moves when You Retire
by David Bynon, — fact checked by Ethan Bynon
In Medicare Mistake #5 we talked about why the best plan for your spouse or friend might not be the best plan for you. In this Medicare Mistakes article, we'll address the importance of reviewing and understanding your coverage to make sure you're actually getting what you need.
Key Takeaways … [Read more...] about Medicare Mistake #8: Not Reviewing and Understanding Your Coverage
by David Bynon, — fact checked by Ethan Bynon
Medicare health insurance is a very personal product. And, other than a household discount from some Medicare supplementMedicare 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. companies, there are no discounts for choosing the same plan as your spouse. In this, the fifth article in our Medicare Mistakes Series, we'll cover why buying the same coverage … [Read more...] about Medicare Mistake #5: Getting the Same Medicare Plan as Your Spouse
by David Bynon,
Possibly nothing gives seniors a bigger headache than their Medicare prescription drug plan and drug costs. So, after dozens of emails asking about the 2021 WellCare Value Script Medicare Part DMedicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each... plan, we decided to take a closer look.
Is WellCare Value Script the Best or Worst Part D plan for … [Read more...] about WellCare Value Script PDP: Best or Worst 2021 Part D Plan?
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