Moving Medicare Advantage and Part D Forward (CMS Fact Sheet)

The Centers for Medicare & Medicaid Services (CMS) has released this article regarding the future projection for Medicare Advantage and Part D in 2017. Keep yourself informed as we enter the Medicare Open Enrollment period this year! Article Source: Access article here Date: 9/22/16 Since passage of the Affordable Care Act, both Medicare Advantage and the Part D prescription drug … [Read more...]

Medicare Part C

If you qualify you can choose to enroll in a Medicare Part C plan. This plan is also known as a Medicare Advantage plan. Personal health insurance companies offer Medicare Part C (Medicare Advantage) as well as Medicare Part A and Part B coverage. Let us help you compare Medicare insurance plans that suit your individual needs and budget. What’s Covered by Medicare Part C? In all types of … [Read more...]

Should I activate Medicare Part B?

Before you Activate Medicare Part B make sure you are signed up for Medicare Part A You should sign up for Medicare Part A even if you are still working and have insurance through your employer as most people get Medicare Part A for free. Activate Medicare Part B Medicare Part B comes with a whole different set of rules you must understand before activating it. You’ll pay a premium when you … [Read more...]

Medicare Advice: Do I Need Medicare Insurance?

If you’ve applied for Medicare Part A and B you’ve got Medicare Insurance.  But, you’ve still got a big gap that could create a financial hardship for you if you don’t cover that gap with additional insurance. Medicare covers 80% of your Medicare approved procedures, doctor visits, etc.  But you are still responsible for 20% of all charges. That 20% isn’t a big deal if you just have to see the … [Read more...]

Medicare and Health Insurance Options at Age 65

There are loads of health insurance options for people over age 65. Below we'll discuss each of them so you get a better understanding of what to look for and which type of plan might work best for you. Private Insurance Some people, over 65, have company sponsored group medical health insurance that carries over into retirement. These plans must be reviewed by a Professional Medicare Insurance … [Read more...]

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...]

Medicare News: Under Medicare Advantage Senior Out of Pocket Costs Increase

An official from the Centers for Medicare and Medicaid Services (CMS) recently provided new analysis that shows seniors may have to spend more money for Medicare Advantage programs beginning next year as a result of provisions in the health care reform law. Richard Foster, the chief actuary for CMS, told Senate Republicans in a letter that the health care reform law will result in "less generous … [Read more...]

Medicare News: SEP – Special Election Period

Are you one of the 236,000 Private Fee for Service members, nationwide, that are losing your coverage? You now qualify for a SEP (Special Election Period). Medicare Advantage members losing their Private Fee for Service (PFFS) coverage, or other Medicare Advantage program that is leaving the area, are eligible for a SEP (Special Election Period) which allows them to move to another carrier right … [Read more...]

Medicare Advantage: Annual Election Periods Change for 2011

Medicare Advantage plan Election Periods are changing for the 2011 calendar year. The 45-day period from November 15th through December 31, 2010, the Annual Election Periods (AEP), hasn’t changed. Beneficiaries can enroll or dis-enroll from a Medicare Advantage plan during this time period. However, the Annual Dis-enrollment Period, where persons already in a Medicare Advantage plan, may … [Read more...]