What is the Medicare Special Enrollment Period?

close up of senior man and doctor at hospital

Right now, we’re in Medicare’s Open Enrollment Period (OEP). But what happens if a major disaster strikes and you’re not able to take advantage of OEP? Don’t worry, you’ll still be able to change your plan if you need to. The Medicare Special Enrollment Period (SEP) extends the Medicare enrollment period during extenuating circumstances. For example, you might find yourself in the midst of a life-altering weather event that prevents you from selecting coverage during OEP. Or you might need to move to a new state and discover that your previously selected coverage is not offered in your new state

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Who Can You Trust to Help Make Your Medicare Decisions? 

Close up of female doctor and senior man hands holding walking cane

The many choices and options related to Medicare Advantage and/or Supplement Plans are enough to overwhelm even the most educated among us. You want to make the right selections, but without the proper guidance and direction, these decisions are dizzying. You’re aware of how easily you could get stuck with a plan you don’t need or want, but you’d probably rather endure a colonoscopy than spend countless hours researching different plans. Yes, navigating the world of Medicare Advantage and Medicare Supplement Insurance is difficult. But it doesn’t have to be. My Senior Health Plan will help you find you the

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How to Enroll in Medicare if You’re Working Past 65

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For decades, the gold standard for retirement age was 65. But in the last several years, we’ve seen the retirement age inch up with many folks working past 65. Now, 20 percent of Americans age 65 and older are participating in the workforce—the highest rate in nearly six decades. Some of this is due to the U.S. government formally changing the Social Security retirement age. Since 1983, the retirement age, previously set at 65 has slowly inched toward 67, with the current age set at 66 and eight months. But there’s more going on here. Not only are we living

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Do You Really Have to Wait Five Years to Access Medicaid Benefits?

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If you or someone you love is trying to qualify for Medicaid, you may have heard people talking about—or in most cases, complaining about—having to wait five years to access benefits. If you don’t have access to professional guidance, you could easily fall victim to this common misconception about Medicaid. When people complain about waiting for Medicaid to kick in, what are they talking about? It’s what Medicaid calls its five-year lookback period. How does this work? Let’s say you’re applying for Medicaid. As part of the application process, you may  be required to provide financial information for the previous

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Medicare 101

Medicare 101

While most individuals embrace the aging process, Medicare is excellent coverage that many seniors look forward to obtaining. Medicare has been providing health insurance coverage since 1965 for individuals 65 and older as well as certain disabled Americans. Over 15% of the country is currently enrolled in Medicare today and that’s a definite bonus after having worked for most of our lives. Being on Medicare means having Hospital and outpatient coverage for many services. Although, many seniors are unaware of the coverage they have and what expenses they’re responsible for paying. Having a Medicare Supplement could help you plan your health

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Understanding the 2020 Policy Changes to Medicare

The beginning of a new decade is upon us, and significant changes are happening. Understanding the 2020 Medicare Advantage Open Enrollment Period could bring you great benefit. The enrollment period provides an extra opportunity for you to get the best coverage. Medicare is full of many parts, and it may be challenging to keep up with all the new rules. Different enrollment periods have varying guidelines. Regulations include specific dates. Beneficiaries can forget about the old Medicare Advantage Disenrollment Period. The new and improved Medicare Open Enrollment Period is the replacement. The last time to enroll, according to federal law,

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3 Rating Methodologies for Medigap Plans

3 Rating Methodologies for Medigap Plans

3 Rating Methodologies: Attained-Age, Issue-Age and Community There are three rating methodologies that insurance companies can use when they sell Medigap policies – attained-age, issue-age and community rating. A rating methodology just means the method by which a company sets and changes their rates over time. 3 Rating Methodologies for Medigap Plans The rating methodologies can be confusing and misleading, so it is important to have some understanding of them when you are comparing Medigap policies from different companies, particularly if you are turning 65 and starting with Medicare. Attained-Age Rated Medigap Attained-age rated Medigap policies are, by far, the most common among

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Medicare OEP 2020: How to Make Changes to Your Medicare Advantage Plan

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Medicare Open Enrollment Period (OEP) 2020 will begin on January 1st. If you are enrolled in a Medicare Advantage Plan (maybe you signed up for a new plan during AEP 2020?) and wish to adjust your coverage, you may qualify to make a one-time change to your existing policy. Medicare OEP 2020. What is it? OEP is the Medicare election period that runs from January 1st to March 31st each year. It allows Medicare beneficiaries enrolled in Medicare Advantage Plans to: Switch from one Medicare Advantage plan to another Medicare Advantage plan Disenroll from a Medicare Advantage plan and return

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Durable Medical Equipment & Medicare

Durable Medical Equipment & Medicare

Many baby boomers rely on Durable Medical Equipment (DME) supplies for their daily activities. Medicare covers medically necessary supplies such as a wheelchair, CPAP machine, or oxygen tank. So, if you’re wondering about Medicare coverage on your Durable Medical Equipment; ask yourself this; is this medically necessary and is my doctor going to write a prescription for this? If you can answer yes, then coverage will be likely. Will My Medicare Coverage Pay for Durable Medical Equipment? Durable medical equipment is covered under Medicare Part B. The yearly Part B deductible is applicable and then Medicare pays an 80% coinsurance. That

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