Out-of-Pocket Costs to Anticipate
As we are now a couple of months into 2023, it’s important for Medicare beneficiaries to understand the out-of-pocket expenses associated with their healthcare coverage. While Medicare provides essential healthcare benefits for millions of seniors and people with disabilities, it does not cover all medical costs. This is where Medicare Advantage, Part D plans, and…
Turning 65 With Employer Insurance and the Need to Report Creditable Coverage to CMS
If you’re turning 65 and still intend to have employer coverage, or if maybe you’re delaying your retirement just a few months after your birthday, one thing to keep in mind is making sure you receive an annual written notice of creditable coverage from your employer. As you may or may not know, Medicare will…
Medicare and Health Savings Account
A Health Savings Account (HSA) lets you deposit untaxed dollars into a savings account that can be used to pay for qualified medical necessities. Employers and financial institutions offer this kind of savings account to eligible individuals. You may only contribute to an HSA at age 65 or older if you are covered by an…
Making the Most of Your Medicare Plan: Know Your Benefits and Save Money
Whether you’re on a limited income, or just trying to justify how much you’re paying for your Medicare Advantage plan, we all want to get the most out of our health care plan. Every plan comes with a lot of information and explanation about its benefits, and it can be overwhelming to drill down into…
Is your Medicare plan still the best fit for you?
Even if nothing changed for you since last year, a lot can change about your plan. Each year around September you’ll receive your Annual Notice of Change (ANOC) from your carrier.
A Preview of 2022: 7 Changes to Medicare Part D Defined Standard Benefits
Around this time every year Center for Medicare and Medicaid Services (CMS) releases the benefit parameters for Part D’s “Defined Standard Benefit” plan, as well as the parameters for the Low-Income Subsidy benefits. All Medicare Part D plans use this as a base to determine drug plan coverage for the following year. With this in…
How Much Does Medicare Cost?
While there are ways to get help paying for it, Medicare health insurance is not free. Learn more about the costs for standard Medicare premiums, copays and coinsurance amounts for each part of original Medicare.
When Do I Need to Enroll in Medicare?
If you are nearing 65, it might be time to enroll in Medicare. Find out more about when to enroll in Medicare to avoid gaps in coverage or financial penalties.
How To Appeal a Denial of Coverage from a Medicare Advantage Plan
Getting a Denial of Coverage from your Medical Advantage plan can lead to unexpected costs and added stress. Learn more about how to appeal a Denial of Coverage from a Medicare Advantage plan.
What is the Medicare Part D Donut Hole?
If you get prescription medications through Medicare Part D, you might enter a coverage gap known as the Part D “Donut Hole” that could result in higher drug costs for you.