The Center for Medicare and Medicaid Services are in charge of setting the costs for Medicare and Medicaid services. In this post, we’ll list a breakdown of the monthly premiums, copays, and deductibles for Medicare plans in 2021. Part A Beneficiaries who have worked a minimum of 40 quarters (ten years) and paid Medicare taxes …
Medigap plans help to supplement Medicare by covering some or all the costs Original Medicare does not cover. However, if you choose Medicare Part C, you cannot get a Medigap plan. In this post, we’ll answer why and when you may need a Medigap plan with Original Medicare. What Do They Cover? Basically, Medigap plans …
Do I Need a Medigap Plan with Original Medicare? Read More »
Generally, there are two periods where you can freely make changes to your Medicare Part D plan: The Open Enrollment Period and Special Enrollment Period. The Open Enrollment Period is a good time for Part D beneficiaries to check, review, add, or remove plans. Open Enrollment Period If you want to make changes to your …
When Can I Make Changes to My Medicare Part D Plan? Read More »
The Part D Extra Help program helps to cover the out-of-pocket costs associated with Medicare Part D. Through the Extra Help program, recipients with low income can get assistance with the costs not covered under Medicare Part D. The Extra Help program also allows for a new enrollment without paying a late enrollment penalty during …
This is one of the questions you may have while enrolled in Medicare Part B. The quick answer is yes, you can disenroll whenever you want. However, the process is not easy as you will need to contact a representative to drop your Part B coverage. It is important to carefully consider your decision before …
Apart from prescription drugs and healthcare visits, Medicare covers various surgical procedures that are medically necessary. Depending on the type of surgery needed by the beneficiary and the health facility, either Medicare Part A or Medicare Part B will cover the costs of the surgery. Medicare Advantage plans may also cover surgeries that are medically …
The Medicare General Enrollment Period is another opportunity to register for Medicare if you missed the Medicare Initial Enrollment Period. The initial enrollment period is a period when you are first eligible or qualified to register for Medicare. It is usually a seven-month period depending on if you are eligible. However, if you automatically qualify …
The Welcome to Medicare Visit is a one-time exam that covers a variety of screenings and vaccinations. This visit occurs within the first year of having Medicare Part B. Through this, new Medicare beneficiaries can get a preventive physical exam of their health and receive counseling about some preventive services they may need, such as …
What do HMO and PPO Plans have in common? Both HMO and PPO Plans are types of Medicare Advantage Plans. HMO stands for Health Maintenance Organization, and PPO stands for Preferred Provider Organization. Both plans enable people to have inpatient, outpatient, and prescription drug coverage all within the same plan instead of purchasing an entirely …
Medicare Supplement Plans (also known as Medigap Plans) are a great way to take care of the extra expenses left after Medicare has paid what it can. Medicare Supplement Plans are only available to those who have Original Medicare, not Medicare Advantage. Why get a Medicare Supplement Plan? While very useful in covering steep healthcare …
