Month: April 2016

Today Medicare Enrollment Age 65 Tomorrow Maybe Age 70

Making Medicare Work for You With the Best Bang for Your Buck Knowing the basic benefits of Medicare can save you time and create fewer headaches in the future. Medicare is available to qualifying individuals age 65+ and should be a tactic used in your retirement income planning strategy. Medicare, the federal government’s health insurance program, can be a complicated subject if you don’t know the basics of what’s covered and when you qualify. If you’re age 65 or older, under age 65 with certain disabilities or of any age with End-Stage Renal Disease (ESRD), which is permanent kidney...

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Supplemental Medigap Policies Fills The Coverage Gaps

Medigap Policies Provide Seniors Can Fill Gap Coverage Medigap policies are supplemental health insurance policies sold by private insurers, designed to fill “gaps” in health coverage provided by Medicare to help pay for services Medicare does not cover. You must be enrolled in Medicare Parts A and B before you need to purchase a Medigap insurance policy. For seniors 65+, and others who may qualify, there is an option called a Medigap policy. These policies are supplemental health insurance policies sold by private insurers, designed to fill “gaps” in health coverage provided by Medicare to help pay for services...

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Medicare Part D Provides Prescription Drug Coverage

Cost in Drug Plans with Medicare Part D Varies From State to State As an eligible Medicare beneficiary, you must select a drug plan and pay a monthly premium to receive the coverage, known as Medicare Part D. Drug plans vary by state and may offer extra benefits such as no deductible, higher coverage limits or cover additional drugs. Medicare Part D provides insurance coverage for prescription medications and is an important part of Medicare to consider if you’re eligible. It helps cover the “donut hole” opening you may have with traditional Medicare plans. You might need coverage for...

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Medicare Part C Gives You Options Especially with Health Issues

Medicare Part C, Seniors Empowered to Choose What’s Right for Them Medicare Part C, or Medicare Advantage, gives Medicare beneficiaries more choices when it comes to private health plan choices. If you’re eligible for Medicare, there are many benefits to choosing Part C, including benefits not covered by traditional Medicare. As an alternative to traditional Medicare, the federal government created Medicare Part C, also known as Medicare Advantage. Part C is different in the fact it doesn’t operate as a “fee-for-service” system, like Medicare Parts A and B. As a Medicare beneficiary, you’re entitled to choose to receive benefits...

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Knowing the Basics of Medicare Can Save You Big Money

As an eligible Medicare beneficiary, you must select a drug plan and pay a monthly premium to receive the coverage, known as Medicare Part D. Drug plans vary by state and may offer extra benefits such as no deductible, higher coverage limits or cover additional drugs. Medicare Part D provides insurance coverage for prescription medications and is an important part of Medicare to consider if you’re eligible. It helps cover the “donut hole” opening you may have with traditional Medicare plans. You might need coverage for cholesterol and high blood pressure prescriptions—this is where Medicare Part D comes in....

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