When you enroll in Medicare, you might be wondering if you need drug coverage as part of your health insurance. While enrollment in Medicare Part D isn’t mandatory, you will have to pay a penalty if you don’t obtain creditable prescription drug coverage during the...
The Medicare landscape isn’t always easy to navigate, and if you have a Medicare Advantage plan, you might be wondering if you can switch to Medigap, also referred to as a Medicare Supplement. The short answer is yes, but there are some caveats and requirements. We...
In general, the cost of health insurance increases as we get older, but does this apply to a Medicare supplement policy? Most of the time, the answer to the question, “do Medigap premiums increase with age?” is yes. Medicare Supplement plans vary, but most Medigap...
If you have Medicare Part C (also referred to as Medicare Advantage), you might be wondering about the referral requirements for seeing a medical specialist who is not your primary care doctor. Generally speaking, a Medicare Advantage plan requires that you get a...
An acronym standing for maximum out-of-pocket limit, MOOP refers to the maximum amount you could pay for your...
The national healthcare program subsidizes healthcare for people aged 65 years or older or younger people with disabilities or end-stage renal disease. People who have paid payroll taxes for at least ten years don’t pay Medicare Part A premiums. However, all patients...
Anyone aged 65 or older and some younger people with disabilities and permanent kidney failure qualify for the Medicare health insurance program. The program aims to help with healthcare costs but does not cover all expenses or most long-term care costs. Even though...
The best period to enroll in a Medicare Supplement Policy (Medigap) is during the one-time Open Enrollment window. Your chosen insurance company cannot turn you down or ask any medical questions during this time. Since the Open Enrollment period lasts six months,...
Yes, you can change your Medicare Supplement (Medigap) plan. We’ll take you through your options so you have a better understanding of the process. To start, it’s important to remember that the best time to first choose a plan is during the Medigap Open Enrollment...
It is important to choose a Medicare Advantage plan with care because it will affect the healthcare services you are able to receive, the cost of those services, and your overall healthcare experience. Medicare Advantage plans are an alternative to Original Medicare...
Did you know some Medicare beneficiaries have to pay a monthly premium for Medicare Part B and Part D if their income exceeds a certain amount? In this article, you’ll discover how 2023 IRMAA brackets work and how to potentially avoid paying Part B and Part D...
There are several good reasons to change Medicare plans – maybe your doctor is now out of network, or your prescription drug needs have changed. About 10% of Medicare beneficiaries change plans each year, but it’s important to know what the enrollment windows are. If...
