Did you know that Medicare covers a full range of preventive services? We want all of our friends and clients to stay healthy and to help with that we wanted to take some time to make sure our readership is aware about the preventative services offered to them through Medicare.
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According to a Kaiser Family Foundation page, “Medigap Reform: setting the Context for Understanding Recent Proposals,” the vast majority of Medicare beneficiaries enhance their Medicare benefits with some other kind of coverage. Even though Part A and Part B offer very broad coverage, it is no secret that there are gaps because of deductibles, copays, coinsurance, and things that Medicare does not pay for at all. People who are interested in buying Medicare insurance from private companies to enhance their own benefits might be interested in learning what other beneficiaries do to make the most of their health benefits.
One traditional way for Medicare beneficiaries to control the large gaps in coverage left by Part A and Part B of traditional Medicare has to been to purchase a Medigap policy, also called a Medicare supplement. One good thing about these policies is that they have been pretty standard in most states since the last big overhaul in 1992. Only three states have their own plan levels and don’t use the standard ones set by CMS. Still, there has been some talk recently of overhauling the standard Medigap plan levels again.
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Medicare Special Needs Plans, also called SNPs, are similar to Medicare Advantage plans. However, they are only open to people who satisfy for the specific criteria of the plan. The idea behind these plans is that they are tailored for Medicare beneficiaries with specific issues, so these plans may serve people with those unique needs better.
CMS finalized their updates to Medicare in April of 2015, they have also been able to release some projects for 2016. The official 2016 Medicare Advantage Fact Sheet is posted on CMS.gov.
For many Americans, finally making it to Medicare age is somewhat of a right of passage. Why not? Working Americans have paid into this system most of their lives, and now it is time to reap the benefits. Just to ensure that you are familiar with the enrollment process for Part A and Part B, we’ll go over the basics.
Medicare approved prescription drug plans, also called Medicare Part D, but they are offered by private health insurance companies. If you do not get this coverage when you first become eligible, you may have to pay a late enrollment penalty. All plans have to conform to state and local insurance rules, but they are different because of the types of drugs covered and the amount of coverage. To give you even more choices, some insurers even offer tiered plans with different levels of coverage.
Are you confused about which Medicare prescription drug plan you should enroll in? At Trusted Senior Specialists, our professional and experienced senior health insurance agents want to help. You can choose to use the Medicare health insurance quote form or call us at 1-855-474-6234 for assistance. If you can give us a list of your prescriptions and tell us where you live, our agents can find local plans that save you the most money and give you the best access to the medication you need.