Working past traditional retirement age used to be uncommon. The Department of Labor Statistics estimated that about 15 percent of people over 65 still worked in 2006. Today, the number of people who wait to retire until between 66 and 74 years of age is expected to top one in four. At over the age of 74, almost 10 percent of the population may be still be at work. Medicare used to be only thought of as retirement health insurance, but many who qualify may not be retired at all.
Topics: Part B, Medicare, Medicare Part A, Medicare Part D, Part A, Medicare Part B, how medicare works, Part D, Retirement, medicare eligibility, COBRA, What is COBRA?, Employer Insurance, group coverage, Medicare Coverage, creditable coverage
Medicare is a the federal health insurance program for people aged 65 and older, certain younger people plagued by a disability, and those with End Stage Renal Disease (ESRD is permanent kidney failure that requires dialysis or a transplant). While Medicare helps qualified people with some of their medical expenses, those enrolled in Original Medicare (Part A and Part B) will still have to pay coinsurance, copayments, and deductibles for covered services. Part B also comes with a premium amount of $134 a month for the year 2017. Some essential health services and products are not covered at all. All of this could be frightening for someone on a fixed income. We are here to let you know that there are some options that may be available to Medicare beneficiaries with low incomes. Many may be eligible to receive additional help for important doctors, prescriptions and needed services.
Topics: www.medicare.gov, SLMB, Medicare, medicare advantage, Medicare Part A, Medicare Part D, low-income, Medicare Part B, Medicare Part C, QI, Extra Help, QMB, medicare solutions, Prescription drug plans
Those who are permanent residents of the United States and hold a green card may wonder if they are eligible for Medicare once they reach age 65. Those who have been issued a green card in the United States may do so because they have a job here, have had asylum granted, or have traveled here to live with a close family member. There may also be other situations that qualify a citizen from another country permanent residency in the United States and can be investigated by the Citizens and Immigration Services.
Medicare Advantage has become a popular alternative to just having original Medicare Part A and Part B coverage. As you may already know, Medicare Advantage (MA) plans serve as an alternative to traditional Medicare, and they are supposed to provide plan members with coverage that is “as good or better” than original Medicare.
Topics: Medicare, Medicare Part A, Medicare Part D, TSS, Medicare Part B, Medicare Part C, medicare solutions, how medicare works, medicare advantage, Original Medicare, What is Medicare?, What is Medicare Advantage?, What is Original Medicare?
You may be interested to know that there are ways you can expand on your Medicare coverage outside of just enrolling in Original Medicare (Part A and Part B). A Medicare Advantage plan is one of the ways you can do that. Medicare Advantage plans (also referred to as Part C or MA plans) offer at least the same level of coverage as Original Medicare, except one major benefit of Medicare Part C is that plans can provide a range of benefits not included in Part A and Part B such as routine vision, dental, prescription drugs and health wellness programs.
Topics: Medicare Advantage plans, What are Medicare Advantage Plans?, medicare advantage, Medicare Part A, What is Medicare Part A?, Medicare Part B, What is Medicare Part B?, Original Medicare, What is Original Medicare?, Medicare Premiums, hmo, ppo
Medicare can certainly be confusing! We decided to compile a list of some of the more commonly asked questions we receive through our call center, website and social media accounts and put all of the answers in one place for you here. Are there any we missed? Please let us know if there is a question (or questions) we can answer for you!
Topics: Medicare, Medicare Part A, Medicare Part B, Social Security, disability, Employee Benefits, Employer Insurance, Special Enrollment Period, initial enrollment period, creditable coverage, medicare advantage, Medicare Advantage plans, Medicare Supplements, Medicare Supplement Plans, prescription drug coverage, Prescription drug plans, Medicaid, LIS
No one ever plans to be hospitalized, but for many enrolled in Medicare Part A it is a relief for them to know that this part of Original Medicare will cover some of the expenses they will incur during their hospitalization. Medicare Part A is often referred to as Hospital Insurance and this part of Medicare helps pay for the care you receive if you are admitted as an inpatient in a hospital or skilled nursing facility.
Topics: Medicare, low-income, low income subsidy, LIS, what is low income subsidy, Extra Help, what is extra help, donut hole, Medicare Donut Hole, What is the Donut Hole?, Special Enrollment Period, Medicare Part A, What is Medicare Part A?, Medicare Part B, What is Medicare Part B?, Medicare Part D, What is Medicare Part D?, Medicare Supplement, Medicare Supplement Plans, What are Medicare Supplements?, Social Security, ssa.gov
If you are a Veteran receiving VA benefits you can also be enrolled in Medicare once you become eligible, in fact it is encouraged. The VA provides many services for those who have served our country and their dependents such as financial assistance, education, home loans and healthcare. However there can be limitations to the services you receive from the VA and so relying on VA benefits alone for your health care once you reach age 65 can severely limit your options.
Topics: applying for Medicare, What is Medicare Part A?, What is Medicare Part B?, What is Medicare Part D?, What are Medicare Supplements?, Medicare Part A, Medicare Part B, Medicare Part D, veterans, Veterans Affairs, Veterans Benefits, Veterans Health Benefits, enrolling in medicare, Medicare
This is a very important question our agents are often asked. As more people are making the choice to continue working past age 65, while receiving employee health benefits, they have questions about Medicare coverage once they become eligible. Learning how Medicare works with your current insurance can help you to determine if you should sign up for Medicare when you are first eligible.
Topics: Medicare, Medicare A, Medicare Part A, Medicare B, Medicare Part B, What is Medicare?, What is Medicare Part A?, What is Medicare Part B?, Employer Insurance, Employee Benefits, health insurance