If you are nearing eligibility, it may be helpful to have Medicare explained.
Here is what Original Medicare (Parts A and B) is for as well as a few Medicare insurance plans that you may find necessary to add.
Cancer plans are insurance policies that supplement your current health plan to help cover the cost of hospital stays, chemotherapy, and other types of cancer treatment.
Medicare Supplements, also known as Medigap, are insurance policies that help you pay the coinsurance and copayments Original Medicare requires of you.
There are 10 plans lettered A through N that each cover a different percentage of your out-of-pocket costs associated with Medicare.
Medicare Advantage plans, also known as Medicare Part C, are insurance plans that take over for your Medicare Part A and Part B coverage while providing additional benefits you would not receive through Medicare alone.
Medicare Part D is an insurance plan that helps pay for your prescription medication.
Original Medicare does not come with this kind of coverage. You’ll have to purchase a standalone plan or receive it through a Medicare Advantage plan.
Not sure what Medicare insurance you would need and would like to compare options?
Our licensed Medicare insurance agents can help you do that while educating you on what is available in your area.
We have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
In just eight short years, all Baby Boomers will be 65 years old or older. In fact, each day, 11,000 people turn 65 years old. Why is this important, and what influence does this have on our economy? The Baby Boomers The Baby Boomer generation is made up of an estimated 73 million individuals. They …
As you approach Medicare, it’s normal to have many questions. One of the most common is “Am I automatically enrolled in Medicare?” You know Medicare will be good coverage for you, you just want to make sure you get it on time. So, will you be enrolled automatically? The short answer is “maybe.” Let’s review …
Medicare is a federal insurance health program that helps millions of people pay for their healthcare. While Medicare doesn’t pay for all of your healthcare costs, it still offers a lot of coverage for specific costs and services, ultimately saving you thousands of dollars in medical bills. That’s why if you live in the Show-Me …
Medicare has a reasonably quick waiting period compared to other insurance policies. Many insurance policies require years of premium payments before the policy goes into effect. The case is different for Medicare. Waiting period for those receiving Social Security and disability benefits If you’re receiving Social Security or Railroad Retirement Board benefits, the only waiting …
The General Enrollment Period is one of the enrollment periods available to Medicare applicants and existing Medicare enrollees. If you miss the Initial Enrollment Period, you can sign up for Medicare during the General Enrollment Period. The Initial Enrollment Period starts from when you become eligible for Medicare. To be more specific, the Initial Enrollment …
Enrolling in Medicare There are three different populations that can enroll in Medicare: people who are 65 and older, younger people with disabilities, and younger people with End Stage Renal Disease (ESRD). Most of these groups have to apply to Medicare through Social Security. There are certain enrollment periods in which you can enroll in …
What to do if you miss your Medicare enrollment? Read More »
All Medicare beneficiaries must prepare to face a late enrollment penalty if they miss enrollment for Part A, B, or D. However, late enrollment penalties cannot be removed. Medicare beneficiaries need to follow certain rules and regulations regarding enrollment, and failure to comply can result in penalties. To give you a perspective, we have discussed …
The Annual Enrollment Period, which begins October 15 and ends December 7, allows individuals to make changes to their current Medicare plan or shift their current plan to a new one. Annual Enrollment Period in Medicare The Annual Enrollment Period is most evident in Medicare, where about 50 million enrollees choose to stay with Medicare …
The process of enrolling in Medicare can be tricky, but thankfully most people are automatically enrolled in Medicare when they turn 65. This is because many beneficiaries meet the enrollment requirements to receive Medicare Part A automatically and qualify for premium-free Part A. While some beneficiaries are also automatically enrolled in Medicare Part B, several …
Medicare has several enrollment periods during which a beneficiary can enroll, cancel, or change their Medicare coverage. When you sign up outside of these enrollment windows, a late enrollment penalty may be applied by Medicare. CMS aims to prevent Medicare beneficiaries from signing up late to have their health coverage when required. Medicare usually penalizes …
