Topics: medicare marketplace, marketplace, medicare eligibility, initial enrollment period, Turning 65, medicare qualifications, TSS Fans, senior community, seniors, senior news, Senior Blogs, aging, medicare card, smart, healthcare coverage, healthcare, creditable coverage, medicare questions, Medicare A, Medicare B, Original Medicare, Medicare Part D, Medicare Part C
Did you know with the new year comes new changes to Medicare? With the changes to Medicare for 2018 recently being announced we are going to share what this means for you.
If you are currently enrolled in a Medicare Advantage plan or a Part D prescription drug plan you will want to keep your eyes peeled for your Annual Notice of Change (ANOC) that will be arriving in your mailbox sometime before the end of September.
An ANOC is a notice that health plans send to their members every year to notify them of any cost, benefit or service area changes that will take effect on January 1st of the following year.
The Centers for Medicare and Medicaid Services (CMS) has recently released a report stating that the average basic Part D premium amount for 2018 is estimated to be $33.50 per month.
This projected average premium is a slight decrease from the average monthly premium in 2017 which is $34.70.
This meager decrease represents the continued stability of Part D premiums.
Prescription drug prices in the United States are among some of the highest in the world. This is why it is imperative that you have proper prescription drug coverage once you become eligible for Medicare. Depending on how you decide to receive your Medicare benefits, if your plan does not include Part D drug coverage, you must sign up for it separately.
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
In part 3 of our 6 part series on the types of Medicare Advantage plans we tackle the subject of Medicare PPO’s. PPO, or Preferred Provider Organizations, must offer all the same benefits as Original Medicare Part A and Part B. Here's a quick recap:
Topics: medicare advantage, ppo, Medicare Advantage plans, What are Medicare Advantage Plans?, Medicare Part D, What is Medicare Part D?, prescription drug coverage, Prescription drug plans, Medicare Premiums
Diabetes is a lifelong disease that affects the way the body handles glucose, a type of sugar, in the blood. There are about 27 million people in the United States with diabetes, approximately 25% of those are people aged 60 and over. Living with diabetes as you get older can pose some unique challenges, but with proper care it can be effectively managed. Those who struggle with not only their chronic illness but also with the rising cost of prescription drugs used to treat them know that it is very important to have good prescription drug coverage.
Topics: Medicare, diabetes, Prescription drug plans, Compare Medicare Plans, What is Medicare Advantage?, What is Medicare Part B?, What is Medicare Part D?, Medicare Part B, Medicare Part D, medicare advantage, Medicare Coverage, what does medicare cover?
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?