Medicare Plans: Income-Based Part D Premiums

Starting January 1, 2011, Part D premiums will be based on your income. This includes Part D coverage you have from a Medicare Prescription Drug Plan, a Medicare Advantage Plan or a Medicare Cost Plan that includes Medicare prescription drug coverage. If your modified adjusted gross income, as reported on your Internal Revenue Service tax return from two years ago, (the most recent tax return … [Read more...]

Medicare Insurance Is Now A Reality For Baby Boomers

The first wave of Baby Boomers begin turning 65 in January 2011. This means that if you are one of these Baby Boomers you will be signing up for Medicare insurance for the first time. It can be a complex and frustrating process that could cost you time and money, if you make mistakes or wrong choices. Medicare Insurance has four parts: A, B, C and D. Part A covers in-hospital stays and has … [Read more...]