What Happens If You Delay Medicare Coverage? 

What Happens If You Delay Medicare Coverage? ‎

When most people start Medicare, it begins on the 1st day of the month of their 65th Birthday. Of course, this is not what is the best for everyone. Frequently,  people are choosing to continue working later into life. What Happens If You Delay Medicare Coverage?  In many cases with group insurance there is no need to start their Medicare Part B coverage. These Medicare Beneficiaries have a few options, and can delay their Part B enrollment with no penalty. If you do not have creditable coverage and you decide to delay your Part B enrollment, you will have to wait

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How to Avoid Medicare Late Penalties

While there are many benefits to having Traditional Medicare, the few disadvantages come in the form of late penalties. Traditional Medicare consists of two parts, Medicare Part A and Medicare Part B. Part A benefits are your hospital benefits and covers any treatment given during hospitalization. Part B consists of coverage for doctor's office visits, diagnostic testing, lab work, outpatient surgeries, and ER visits. Prescription drug coverage is not available on Medicare Part A or Medicare Part B. There is Medicare Part D, which is stand-alone insurance that provides prescription medication coverage. And while Medicare covers most everything, there’s still

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Are You Ready for Medicare Open Enrollment?

Worried senior couple discussing over medical bills at home

It's Medicare open enrollment period starting October 15 and through December 7, 2019. Your chance to change coverage (Medicare plans) if you want. Medicare Part C plans, known as Medicare Advantage plans are private health insurance plans, mainly HMOs and PPOs, for people enrolled in Medicare. If you enroll in a Medicare Advantage plan, you still have Medicare, but you get all of your Medicare-covered benefits through a private plan. Most Medicare Advantage plans also cover prescription drugs and may cover other services, like vision, dental, and hearing. If you have Part A and Part B and are covered under

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Making Changes to your Medicare During Open Enrollment

Making Changes to your Medicare During Open Enrollment

The Medicare Annual Enrollment Period: How to Make Changes to Your Plans Now that we are in October, the attention of many seniors has turned to the Medicare annual enrollment period. How could you not be thinking about it, right? The television commercials have begun, and the mailings have started piling up. Making Changes to your Medicare During Open Enrollment During this time of year, it is important to understand exactly what changes you can make to your Medicare plans and how to go about making those changes. Medicare Advantage Plan Changes If you are in a Medicare Advantage plan currently,

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Medicare and Kidney Disease

Medicare is a federal health insurance program that you pay into throughout your working career. It’s for people who are at least 65 years old or those who are under 65 years old and have a disability. It’s also for people who have permanent kidney failure, or End-Stage Renal Disease, and need dialysis or a transplant. Medicare Coverage Medicare Part A is your Hospital Insurance. Part A helps cover the cost of any inpatient care while in a hospital. Also, inpatient care in nursing facilities (this does NOT include long-term care at these facilities). There is also coverage for Hospice

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Healthcare Coverage for Rheumatoid Arthritis

Anyone with a chronic health condition knows it’s important to have healthcare coverage. For those with Rheumatoid Arthritis, healthcare coverage is vital. Rheumatoid Arthritis (RA) is an autoimmune disease affecting approximately 1.5 million people in the United States. It happens to be the most common inflammatory joint disease, affecting 1-2% of the worldwide population. The chronic inflammatory disease causes the immune system, which usually protects the body, to attack its own joints. One of the biggest concerns for most suffering from a chronic illness is health insurance coverage. The second being out of pocket costs. Medicare Coverage for Rheumatoid Arthritis

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Is Plan F a Viable Medicare Supplement Option?

Is Plan F a Viable Medicare Supplement Option?

When you look over the Medigap coverage chart, which shows the standardized Medigap plans, you may notice an asterisk beside the Plan F. Most people never pay much attention to this or read the fine print below the chart to understand exactly what this signifies. Is Plan F a Viable Medicare Supplement Option? Actually, this notation represents an entirely separate Medigap plan called the High Deductible Plan F (often referred to in shorthand as HDF). High Deductible Plan F is a unique Medigap plan that has a large deductible of $2,200 (for 2017) that must be met before any plan benefits

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Understanding Medicare Enrollment

When is the Medicare Open Enrollment Period? The Medicare Open Enrollment period is terminology that many people often use to refer to the end of the year period during which you can change medical and prescription plans. However, there is definitely some confusion about this period and some misuse of the term. Let’s clear up the Medicare open enrollment period confusion. Understanding Medicare Enrollment Medicare Open Enrollment: When You First Turn 65 or Start Medicare The actual Medicare open enrollment period is when you first turn 65 or go on Medicare Part B. During this time period, you have “open enrollment”

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Medicare Open Enrollment 2019: What You Should Know

What: Medicare Annual Enrollment Period (AEP) Also known as the Annual Election Period or Medicare Open Enrollment When: October 15 through December 7, 2019 Medicare beneficiaries have one guaranteed chance to make changes to their Medicare enrollment each year — the Medicare Annual Enrollment Period from October 15th through December 7th. During this period, you can: Enroll in a Medicare Advantage Plan Enroll in a Part D Prescription Drug Plan Drop a Part C or D Plan Understanding the Medicare Parts Original Medicare — Parts A & B Original Medicare, the coverage offered by the federal government, includes coverage for

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