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, Medicare Enrollment, final expenses
On Thursday, Senate leadership unveiled it's version of a replacement for the Affordable Care Act (ACA). Here is a quick look at some of the key provisions of the Better Care Reconciliation Act of 2017 and how it might affect you: (to read the bill in it's entirety click here).
Medicare Supplements, also known as Medigap plans, are a great option for those who are wanting a plan that will help pay for costs that Original Medicare does not cover. Medicare Supplements offer the basic benefits PLUS some additional benefits such as skilled nursing coinsurance, foreign travel, extended hospital stays. They also offer the freedom of choosing any doctor or hospital that accepts Medicare, so there are no network restrictions.
Medicare provides crucial health benefits to the elderly and disabled who might otherwise be lost without the program. While all Medicare beneficiaries are entitled to the same core benefits, fits, not all plans are equal. Some plans offer additional benefits while some may have limits that affect the hows, when’s and where’s in which you receive care. Here we are going to share with you 4 ways in which you can help maximize your Medicare benefits.
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
If you have not, it is a term you may want to become familiar with. One of the components of Medicare Part B is the excess charge. These Part B charges can come about if an enrollee goes to see a physician or receives services from a hospital or facility that does not accept Medicare. If they do not accept Medicare, and the Medicare approved amount for service is lower than what they charge, then the doctors or hospitals can claim excess charges. This means that depending on what your plan pays- you could be left responsible paying the difference between what Medicare pays versus what the doctor charges.
Topics: medicare costs, what does medicare cover?, Medicare Part B, What is Medicare Part B?, hospital, inpatient hospital care, Medicare Supplement, Medicare Supplement Plans, medicare advantage, Medicare Advantage plans, hmo, Original Medicare
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
Each year CMS (Centers for Medicare and Medicaid) measures Medicare Advantage Plans (Part C) and Part D Prescription Drug (PDP) plans to see how well they are performing. The grade each plan receives is based on a range from 1 to 5 stars, with 5 being the highest a plan can receive, and one being the lowest. Medicare scores how well the plans do in several categories and the plan is assigned one Star Rating to summarize the plan’s overall performance, as well as separate Star Ratings in each of the individual categories reviewed. Here's how:
Topics: Star Ratings, www.medicare.gov, Medicare, CMS, Medicare.gov, Medicare Part D, What is Medicare Part D?, What are Medicare Supplements?, Medicare Supplement, Medicare Supplement Plans, Medicaid, medicare advantage, Medicare Advantage plans, What are Medicare Advantage Plans?, prescription drug coverage, Prescription Drug Plan, Prescription drug plans
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 65 and older, on Medicare and planning on moving to a new county or state? If so, you may be wondering if there are any changes you will need to make to your Medicare coverage, and what exactly those changes may be. Down below, we broke down the parts of Medicare and steps needed to take if you are moving:
Topics: Medicare, Moving, Original Medicare, What is Original Medicare?, Medicare Part A, Medicare Part B, medicare advantage, Medicare Advantage plans, Prescription Drug Plan, Medicare Supplement, Medicare Supplement Plans, Medigap