While Original Medicare pays for many of your health care services and supplies, it may not cover everything you need. Because of this you may want to consider enrolling in a Medicare Supplement plan, also know as a Medigap plan. Unlike Original Medicare, Medigap plans are offered through private insurance companies. These plans help cover some of the hospital and medical costs that Original Medicare doesn’t cover such as copayments, coinsurance and yearly deductibles. Some plans also help pay for services such as Part B excess charges, emergency overseas travel, and 2 out of the 10 Medigap plans include a yearly out of pocket limit, all of which Original Medicare does not. In other words, a Medigap policy can fill in “the gaps” of Original Medicare.
Are you turning 65? Congratulations! You have reached an important milestone and you are now eligible for Medicare! Here are 6 things you will want to consider before making a decision as important as how you will receive your Medicare Coverage:
Over 50 years ago, in 1964, after seeing a need to bring attention and awareness to the cause of Heart Disease, President Lyndon B. Johnson declared the month of February to be Heart Health Month. The tradition of Heart Health month places great emphasis and raises awareness to the risk factors, symptoms and treatment that contribute to either heart disease and heart health. Heart Disease is the leading cause of death for men and women in the United States, with 1 in every 4 deaths being attributed to the disease.
As you move closer to your planned retirement age, you may find yourself with much on your mind, one of those hot topics being medical health insurance. Having comprehensive medical insurance is a critical part of your retirement planning, and will be just as important if not more important, than it ever has been before. Are you currently covered under your employer's group health plan? Will this coverage continue in the form of retiree coverage once you retire from the company? Will you need Medicare if you have retiree insurance? All great questions as there is so much to consider.
The Medicare Advantage Disenrollment Period (MADP) runs from January 1st to February 14th of each year. If you find that you are not satisfied with your Medicare Advantage Plan (MA), this is the time frame in which you can disenroll and switch back to Original Medicare. The Medicare Advantage Disenrollment Period also provides an opportunity to enroll in a Part D (drug) plan for those who had not already done so.
Trusted Senior Specialists had the pleasure of visiting Houston's Riceville Baptist Church durign their weekly Adult Ministry Group meetup. We engaged in lively conversation about the pros and cons of Medicare, how to navigate the Medicare enrollment process and what to do if benficiaries or their families had questions.
In our call center and on our social media pages we receive many questions on a daily basis. Medicare, with its many unique rules and regulations aligned with the fact that it is ever evolving and changing, can be downright confusing. We took the 4 top concerns/myths that we have received in the last several weeks to break down the truth for you. Do you have any questions or concerns regarding Medicare that we can answer for you?
Did you know that roughly 10,000 baby boomers are turning age 65 every day? When you are nearing Medicare eligibility the mountains of information you may start receiving in your mailbox can be daunting. Medicare is a huge rite of passage for older Americans, but being inundated with so much information and not having a keen understanding of how it all works can make the enrollment process seem overwhelming. You are being advised on paper to choose from many different options, but how do you know if what you are choosing is really right for you? What about years down the road? When it comes to Medicare, it really does pay to think ahead. Here is some handy advice, in way of a timeline, to help guide you through this process so that when the time comes, you are ready to embrace it, and are not left with feeling of worry and dread.
Trusted Senior Specialists accepted an invitation to join several community members from Texas House of Representatives Dr. Alma A. Allen's District 131 for an epic road trip to see Texas' new state legislators swear in.