Jagger EschGuide for Federal Retirees and Medicare Part B
Medicare Part B covers physician and outpatient services. Part B can include ambulance services and durable medical equipment as well as laboratory tests and x-rays. While most seniors get Medicare Part A “premium free”, most seniors pay a monthly premium for Medicare Part B. Generally, Part B premiums are taken out of your monthly Social Security check or a retirement check. To Take Part B or Not to Take Part B, that is the Question If you don’t take Part B when you are first eligible there is a 10% penalty on the current year premium added for each year
Continue readingMedicare 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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Guest BloggerSosa Insurance Group Can Assist with Annual Enrollment Period for Medicare
ATTENTION: It’s that time of year again: The Annual Enrollment Period for Medicare is here! The Annual Enrollment Period (AEP) begins on October 15th and continues until December 7th. During this time, you can make changes to certain aspects of your Medicare health coverage: Change from one Medicare Advantage Plan to another Medicare Advantage Plan. Change from a Medicare Advantage Plan to Original Medicare. Change from Original Medicare to a Medicare Advantage Plan. Enroll in a Prescription Drug Plan or change your Prescription Drug Plan. If you’re new to Medicare, you might have a different election period; reach out to us to
Continue readingAssociation Helps Seniors Prepare For Medicare Annual Election Period
Free Online Directory Lists Local Medicare Insurance Agents To help Medicare eligible seniors the American Association for Medicare Supplement Insurance has added relevant information to the organization's online Consumer Information Center. "Medicare is enormously complex and finding the best option and cost can be overwhelming," explains Jesse Slome, director of the national organization. "Medicare's Annual Election Period (AEP) begins October 15th, a peak decision time for millions who are already on Medicare. In addition some 11,000 individuals turn 65 every day and become eligible for Medicare." 10 Tips For Selecting Your Medicare Plan The Association shares 10 tips and important
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My Senior Health PlanLong-Term Care Insurance: 3 Common Misconceptions
Like any insurance plan, long-term care insurance provides financial relief when you need it most. However, long-term care insurance is expensive. Given the expense, people put off buying a long-term care (LTC) policy or even making a plan for their future care needs. But if they do need it (and the odds are higher as people age), and care facility costs and home-care provider fees start to build up, the premium can provide financial support and peace of mind. Here are three common misconceptions why people think they don’t need an LTC plan and why rethinking that approach is important:
Continue readingCenter for Medicare Services (CMS) Modernizing with Technology
For some Medicare beneficiaries, technology changes and advances are beyond their years. However, times are changing, and many beneficiaries are eager to embrace the change. The Center for Medicare and Medicaid Services (CMS) is the largest single healthcare insurer nationwide. CMS pays upwards of $1.5 billion worth of claims, every day. The digital age is upon us, our healthcare coordination wants us to know about the benefits and efficiency in using technology with healthcare. Lately, health care has taken up a large share of the U.S. economy and it’s still growing. In fact, by 2026 it’s predicted that one in
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Garrett BallPreventative 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 readingHow to Protect Yourself from Insurance Fraud
When discussing the financial world, insurance is probably one of the safer aspects according to statistics. This doesn’t mean immunity from insurance fraud. For seniors, this is a cause of concern as many don’t use a computer regularly. The biggest issues regarding insurance fraud among consumers are stolen social security numbers, fake insurance policy placement, and scams looking to steal any personal information possible. The good news is you don’t have to be caught off guard. Be proactive and protect yourself against insurance fraud. Also, don’t be afraid to report fraud. Tips to Protect yourself From Insurance Fraud and Scams
Continue readingDiabetes and Medicare Coverage
Receiving coverage for Diabetes is especially important for those on Medicare. Having additional insurance coverage makes managing diabetes easier. Diabetes is a medical condition in which the body doesn’t produce enough insulin, which ultimately leads to an increased amount of glucose in the blood. Insulin is a hormone produced by the pancreas which in turn produces glucose (sugar). Glucose is needed to produce energy for the body's cells function properly. When the body is unable to do so on its own, it will need assistance in moving the sugars out of the blood stream and into the tissues after eating. Diabetes
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