Why COBRA is Not Creditable Coverage 

Why COBRA is Not Creditable Coverage 

What is COBRA? COBRA, which is short for the Consolidated Omnibus Budget Reconciliation Act of 1985, is a federal law that requires any employer that has twenty or more employees and offers health coverage, must give the option to continue that coverage if the employee were to be in a situation in which they would lose the coverage; termination, reduction of hours, retirement, or certain other events. Why COBRA is Not Creditable Coverage  You should always check your local state laws for variations where different COBRA-like laws could apply. What is covered by COBRA?  Coverages that you receive from an

Continue reading

Understanding Special Enrollment Periods on Medicare

Understanding Special Enrollment Periods on Medicare

Special Enrollment Periods for Medicare are known as SEPs. There are a variety of reasons why a Medicare enrollee would be eligible for a SEP. Having the information needed to utilize a SEP when necessary will save you problems getting Medicare coverage when you need it. please email your resume to Christina Dailey at CDailey@senior.com. She can also be reached 949-454-2418. Understanding Special Enrollment Periods on Medicare Navigating the Medicare system does not have to be complicated. If you have with the right information and resources, you will avoid the complications of missing your SEP and being without coverage, which could

Continue reading

Industry Experts Explain What Medicare Actually Covers

Industry Experts Weigh in on Medical Services that Beneficiaries thought Medicare Paid for that Don’t New Medicare beneficiaries tend to assume they’re fully covered by Original Medicare benefits. Unaware of the gaps in coverage, they end up finding out the hard way when they receive a medical bill in the mail. Industry Experts Explain What Medicare Actually Covers Medicare Parts A & B only covers 80% of your medical costs. It has no out of pocket maximum and no prescription drug coverage. If you, or someone you know, only has Original Medicare, then this article pertains to you. Below, you’ll learn

Continue reading

Preventative Care Covered by Medicare

Preventative Care Covered by Medicare

Preventive care is, without a doubt, a significant factor in your physical well-being. This is also true, maybe even more so, as you age. Fortunately, after years of having limited coverage of preventive care, Medicare does now cover more preventive care. The key for the Medicare beneficiary is being aware of these and taking advantage of them. Preventative Care Covered by Medicare Annual Visits Covered by Medicare “Welcome to Medicare” Visit – Each Medicare beneficiary is entitled to a “Welcome to Medicare” visit within their first 12 months of being on Medicare Part B. During this visit, your provider will help

Continue reading

A Clear Look at Vision Insurance

A Clear Look at Vision Insurance

Taking care of your vision is about more than just seeing well. It's about being well. When your eye health is at its best, you're more likely to perform better in all aspects of your life. An eye exam is not just about your sight - it can detect other hidden health conditions too, like diabetes and high blood pressure. Early detection plays a key part in managing these diseases and improving your overall health. A Clear Look at Vision Insurance Unfortunately, not everyone has the luxury of vision insurance to help pay for eye care. But there are affordable individual

Continue reading

Budgeting Long Term Care

Budgeting Long Term Care

Budgeting Long Term Care Long-term care costs are an x-factor many people simply do not think about when budgeting their retirement. The odds you’ll need some form of long-term care, however, are surprisingly high. According to longtermcare.gov, 70% of people turning 65 should expect to use some type of long-term care in their golden years. Budgeting Long Term Care As calculated by Genworth financial, a semi-private room in a nursing home for 2015 cost an average of $80,300. When it comes to finances, seniors are generally on a fixed income, so how can a senior account for such an exorbitant cost?

Continue reading

Do you really know who is providing your medical care?

Whether you're being treated for a minor injury or undergoing major surgery, it's likely you'll encounter not just one, but a team of health care professionals. While having multiple professionals working to provide you with the highest quality and safest care eases some fear, it also can cause confusion. When undergoing a surgery or procedure, it is important to truly know and understand who is providing your care. From physicians with various specialty backgrounds to nurses and assistants, it's important to understand the credentials of those treating you. The need for more transparent communication across health and medical care providers

Continue reading

5 Things to Consider When Comparing Health Insurance Plans

Whether you’re in good health naturally or you rely on medication and specialists to stay that way, finding the right health insurance plan is key—and you could pay a penalty if you don’t have it. 5 Things to Consider When Comparing Health Insurance Plans If you’re self-employed, your employer doesn’t offer health insurance, or even if you simply think you might be better off on a different plan than what your employer offers, you may find yourself buying individual health insurance. While shopping for your own health insurance may seem daunting, breaking down the plans can help you make a more informed

Continue reading

Insurers End Coverage for Key Drugs

Insurance is ending coverage for some key drugs that affect the health of patients.  It’s a David-vs.-Goliath dispute, and millions of patients are caught in the middle — perhaps even unaware they’re about to lose coverage for compounded medications they need for their conditions. Insurers End Coverage for Key Drugs At issue are the customized medications pharmacists prepare for patients who can’t metabolize or tolerate commercial drugs. Compounded medicines often are the only option for doctors treating certain children and seniors, patients coping with the pain of cancer and diabetes, and those with liver or kidney diseases. In one corner:

Continue reading