Tips to Avoid Medicare Pitfalls

Guide to Choosing a Part D Prescription Drug Plan

Since over thousands of baby boomers enroll into Medicare every day, it’s important to know the facts about the health care insurance program. If you fail to learn, you remain open to expensive mistakes and catches. Tips to Avoid Medicare Pitfalls Joe Baker, president of the Medicare Rights Center, says, "Avoiding the most common errors in Medicare is the difference between having good financial and health security — or not." He warns older consumers to learn the rules to avoid higher premiums. I enrolled in Medicare last year and found the process overwhelming. With the difficult language and limitless selections to

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Understanding Medicare through Supplemental Insurance

Understanding Medicare through Supplemental Insurance

Americans don’t celebrate it as a holiday, but July 30 is an important historical date in the United States. It was on this day in 1965 that President Lyndon Johnson signed Medicare into law, introducing a national health insurance program for citizens aged 65 and older. Understanding Medicare through Supplemental Insurance In its first year of availability, more than 19 million Americans enrolled in the program. Medicare has since expanded to include individuals who are permanently disabled and those who suffer from kidney failure. This year the number of enrollees is expected to reach 57 million, according to the Centers for

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How to Avoid Common Medicare Mistakes

How to Avoid Common Medicare Mistakes

Medicare, our national social insurance plan for seniors, has been severely disabled since 1964. Compared to individual health insurance plans for those under 65, it is excellent coverage. But you must take an active role in managing your coverage. How to Avoid Common Medicare Mistakes When you are approaching your 65th birthday, keep the following advice in mind: Enroll on time How to Avoid Common Medicare Mistakes In the months prior to turning 65, you are going to be inundated by junk mail. Somewhere in all that, you will also receive a notice from the Social Security Administration that contains your award

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Medigap Supplement Plan

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If you want to stay in original Medicare, you may want to look into your options for supplement plan coverage. Without such coverage, your out-of-pocket costs could be high if you require medical care. Supplement plan insurance helps pay the deductibles and coinsurance costs that original Medicare does not cover. You may be able to get supplement plan insurance from a former employer or union. If not, you can buy Medicare supplement plan insurance (Medigap) directly from an insurance company. If you want to buy a Medicare supplement plan insurance policy, known as Medigap, you must decide which benefit package

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Prescription Drug Coverage

Guide to Choosing a Part D Prescription Drug Plan

When you join Medicare you may want to add coverage for your prescription medications.  Medicare Prescription Drug Coverage (MPDC, or Part D) will cover both brand-name drugs and generic at participating pharmacies. Part D helps to protect you from unexpected drug expenses and help you better predict your medical spending. If you want to enroll in Medicare Part D, make sure to do so when first eligible. If you do so at a later date, you will have to pay penalty fees that will last as long as you have the drug plan. When you do choose to join Medicare

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Aging into Medicare

Many in the desert area retire before reaching age 65. Of those who do, a large number were once self employed. Leaving your job or business behind also means leaving your group health insurance behind and, even with the Affordable Care Act, premiums for those between 60 and 65 can be very expensive. Aging into Medicare That’s why so many seniors are actually relieved to see that 65th birthday on the horizon. Getting your Medicare card means saying goodbye to your expensive, private health plan. However, the relief of finally receiving Medicare can be replaced by the total confusion of the

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The Basics of Medicare & Choosing the Right Plan

When you reach 65, you face an important milestone: You are now eligible for Medicare. Contrary to popular belief, Medicare is not free, and it's important to understand the ins and outs of Medicare before you sign up. Making the wrong choices can be expensive. Even if you've been on Medicare for years, you may want to re-evaluate your options annually to make sure you've got the right plan. The annual open enrollment period, during which you can switch Medicare plans, runs Oct. 15 through Dec. 7. "I think everyone should consider switching," says Lita Epstein, author of "The Complete Idiot's

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Medicare Rules You Must Know

Medicare Rules You Must Know

Learn about these must-know facts about retiree healthcare. Healthcare is an essential need for everyone, and it becomes even more important as you age and require more medical services. The Medicare program is a vital component of getting American seniors the healthcare they need, but it comes with some rules that many people find confusing or difficult to follow. Below, we've called out five key Medicare rules that should be foremost on your mind as you prepare for your golden years. Medicare Rules You Must Know 1. When to apply for Medicare  Most people become eligible to receive Medicare when they

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Are Pills The Best Way To Take Medication

Are Pills The Best Way To Take Medication People take medications expecting fast pain relief. If you’re swallowing pills, however, you might have to endure a longer wait. Medications designed to work immediately don’t come in pill form. Take the epipen. Epipens are meant to stem severe allergic reactions, which can progress rapidly. The medication comes in the form of an injection, so someone entering anaphylactic shock can shoot the drug epinephrine directly into their bloodstream, leading to the fastest possible relief. On the other hand, when you take a pill, the medication has to go through your esophagus and

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