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On this page, you will find articles related to Medicare prescription drug plans (Medicare Part D).
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2020, more than 61-million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to over 80-million people.
In this … [Read more...]
If you have ever had a Health Maintenance Organization (HMO) plan or a Preferred Provider Organization (PPO) plan through an employer or the Healthcare Exchange, you already have a pretty good idea about how 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).... work. In this article, we'll explain what you need to know to stay … [Read more...]
Medicare's Maximum Out-of-Pocket Limit is a Serious Liability
Depending on the coverage selections you've made, your Medicare benefits may have low out-of-pocket costsOut-of-pocket costs (aka, out-of-pocket medical expenses) are costs that a beneficiary must pay because their health insurance does not cover them. Out-of-pocket costs are found in the deductibles, copayments, and coinsurance outlined in each health..., high out-of-pocket costs, or even unlimited out-of-pocket expenses. In this MedicareWire article, we'll dissect your liability and … [Read more...]
Do You Really Need Supplemental Insurance with Medicare?
Are you wondering, "Do I really need Medigap insurance?", for most people the answer is Yes! Medicare supplement insurance (aka, "Medigap") is worth every penny. It is not a waste of money. And it offers many valuable benefits.
In this … [Read more...]
If you are getting your Medicare benefits for the first time, the jargon may sound foreign, but you don't need Medicare for Dummies to figure it out. Once you learn the ABCs and D of Medicare, you'll be well on your way.
In this MedicareWire blog post, we'll break down the four main parts of … [Read more...]
Here are the five top reasons that it's better to have a Medicare Advantage planMedicare 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)....:
Up-front costs (monthly premiumA 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. ...) are generally lower.
You may have more doctor choices in Medicare Advantage.
Plans are required to take you regardless of your health condition.
If you have both Medicare … [Read more...]
Have you ever wondered what the Centers for Medicare and MedicaidMedicaid is a public health insurance program that provides health care coverage to low-income families and individuals in the United States.... Services (CMS) star ratings mean and how to use them to choose a health plan? In this MedicareWire article, we'll cover what you need to know and explain how we use the CMS 5-star rating system to help you choose a plan with the … [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...]
While shopping for Medicare health insurance, most people want to know "What is the big difference between Medicare supplements and Medicare advantage plans?" 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.... insurance and 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).... are very different types of health insurance products, but they both attempt to … [Read more...]
One of the top benefits of most 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).... is they bundle in prescription drug coverage. We get a lot of questions from readers wanting to know if they can get prescription drug coverage bundled with Medicare supplement insuranceMedicare 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.... (aka, Medigap).
The short answer is no.
You can get … [Read more...]
There are four different parts to the federal Medicare programMedicare is a federal health insurance program for people ages 65 and older and people with certain disabilities..... From its inception in 1965, it has been a government-run health insurance program for seniors aged 65 and people with disabilities and medical conditions. But, did you know it isn't all-inclusive care? That's where Medicare Plan GIf you're turning age 65 this year, Medicare Supplement Plan G is the most comprehensive Medicare supplement you can buy. It's also the most popular. You might be thinking that Medicare Supplement Plan F is... comes … [Read more...]
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 … [Read more...]
Out-of-pocket costsOut-of-pocket costs (aka, out-of-pocket medical expenses) are costs that a beneficiary must pay because their health insurance does not cover them. Out-of-pocket costs are found in the deductibles, copayments, and coinsurance outlined in each health... 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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
