Topics: Part B, Turning 65, how-to, Medicare Part A, Part A, eligibility, health insurance, Enrolling, Medicare Part B, applying for Medicare, senior community, health care plan, wellness, enrolling in medicare, baby boomers, explain medicare, Part D, Part C, What is Medicare Part D?, What is Medicare Part C?, initial enrollment period, medicare eligibility, IEP, marriage
According to the 2019 annual report released this month by the Medicare Board Of Trustees regarding Medicare’s two separate trust funds- the Hospital Insurance (HI) Trust Fund, and the Supplementary Medical Insurance (SMI) Trust Funds- found that one of these two Medicare trust funds is on track to run out of reserves in seven years- these estimates aligning with last year's projections.
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Working past traditional retirement age used to be uncommon. Now there are far more Americans aged 65 and older in the workforce than there were 3 decades ago. The number of employed Americans rose by 35% between 2011 and 2016 according to a December 2017 study completed by Senior Living. 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, Retirement, Medicare Part B, how medicare works, Part D, Medicare Coverage, Employer Insurance, COBRA, What is COBRA?, creditable coverage, medicare eligibility, group coverage
Medicare announced that the average basic premium for a Medicare Part D prescription drug plan in 2017 will remain fairly stable at a projected $34 a month. This new estimate represents an increase of nearly $1.50 over the average premium of $32.56 for 2016. Although Part D premiums remain relatively stable, Part D costs to continue to rise faster than any other parts of Medicare.
Topics: Medicare Supplement Plans, Prescription Drug Plan, Medicare, Medicare Part D, Medicare Supplements, Medicare Supplement, AEP, Prescription drugs, Annual Election Period, medicare supplemental insurance, Prescription drug plans, Part D, What is Medicare?, What is AEP?, What is Medicare Part D?, What are Medicare Supplements?, what are medicare supplement plans
Both Medicare Advantage and Part D plans come from private companies that must be approved by CMS. However, Medicare rates these plans each year. They use a five-star rating system and publish rankings at the beginning of open enrollment each fall. These ratings are actually very important to consumers and insurance companies.
Topics: prescription drug coverage, Star Ratings, medicare advantage, Medicare Part D, CMS, applying for Medicare, Part D, What is Medicare?, What is Medicare Part D?, What is Medicare Advantage?, What are Medicare Supplements?
Medicare Advantage Disenrollment Period 2015 - Medicare Gals
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Many veterans, and some active-duty service people wonder if they need to enroll in Medicare Part B as soon as they qualify. Most people over 65 qualify for premium-free Medicare Part A, but they are required to pay a premium for Part B. This year, this premium is $104.90 for most eligible people, but that figure could change at any time. Do people who already have the ability to access health care benefits through the VA need to spend extra money for Part B?
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.
During open enrollment, you will probably get approached about many different Medicare health insurance programs. While the vast majority of people who approach you are licensed insurance agents who adhere to strict ethical and legal standards, it pays to be careful in order to protect your own identity and personal information. Of course, you can also help protect Medicare against fraud, and this helps everybody enjoy lower costs and benefit benefits.
Topics: Part B, www.medicare.gov, Medicare, medicare advantage, Medicare Part A, Medicare Part D, Part A, Medicare Part B, Medicare Part C, Medicare.gov, Medicare explained, how medicare works, explain medicare, Part D, Part C