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Medicare Glossary
Open Enrollment
In health insurance, open enrollment is a period during which a person may enroll in or change their selection of...
Out-of-Pocket Costs
What are Out-of-Pocket Costs? Most health insurance, including Medicare, has deductibles, copayments, and/or coinsurance that are paid when healthcare services...
Deductible
What are the Medicare Deductibles? A deductible is an amount a beneficiary must pay for their health care expenses before...
Medicaid
What is Medicaid? Medicaid is a public health insurance program that provides health care coverage to low-income families and individuals...
Medicare SELECT
What is a Medicare SELECT policy? Medicare SELECT is a Medigap policy (Medicare supplement plan) requiring its members to get their...
Excess Charges
What are Medicare Part B Excess Charges? A Medicare Part B excess charge is the difference between a healthcare provider’s...
Trial Rights
What are Medicare Advantage Trial Rights? Medicare Advantage trial rights are similar to Medicare Supplement free look period rights. However,...
MedicareWire
MedicareWire is a Medicare insurance consulting agency. We founded MedicareWire in 2012 after seeing and hearing how confusing and frustrating...
Extra Help
What is Extra Help for Medicare Part D? Social Security’s Low-Income Subsidy (LIS) program helps Medicare beneficiaries pay for their...
Initial Enrollment Period
What is the Medicare Initial Enrollment Period? The Initial Enrollment Period is a seven-month period when new beneficiaries can enroll...
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