Medicare and Health Savings Account
A Health Savings Account (HSA) lets you deposit untaxed dollars into a savings account that can be used to pay for qualified medical necessities. Employers and financial institutions offer this kind of savings account to eligible individuals. You may only contribute to an HSA at age 65 or older if you are covered by an […]
Making the Most of Your Medicare Plan: Know Your Benefits and Save Money
Whether you’re on a limited income, or just trying to justify how much you’re paying for your Medicare Advantage plan, we all want to get the most out of our health care plan. Every plan comes with a lot of information and explanation about its benefits, and it can be overwhelming to drill down into […]
What is the Medicare Part D Donut Hole?
Not all donut holes are sweet. In Original Medicare Part D, there is a coverage gap known as the “Part D Donut Hole.” This coverage gap for pharmaceutical medications can result in higher drug costs for Medicare beneficiaries, as they get stuck between spending limits on Rx costs and their total out-of-pocket cost limits for […]
How To Appeal a Denial of Coverage from a Medicare Advantage Plan
If you have a Medicare Advantage plan and were denied coverage for a health service or item, you may choose to appeal the decision with your plan’s provider. The appeal process requires documentation for why the service or item should be covered under your plan, and it can take some time to go through the […]
When Do I Need to Enroll in Medicare?
Enrolling in Medicare is an important milestone. You typically enroll in Medicare for the first time when you turn 65, or if you are diagnosed with certain medical conditions. There are different ways to enroll in Medicare, and some key times during which you can enroll. Here is a quick breakdown of how and when […]
How Much Does Medicare Cost?
You know you have to enroll in Medicare when you turn 65 in the United States. What you might not know is how much Medicare health insurance costs. There are premiums, standard coinsurance amounts and deductibles for most parts of Medicare. Read on to learn more about how much Medicare costs. Is Medicare Free? Medicare […]
Summer Safety Tips for Seniors
As temperatures increase, so do the risk factors for heat-related health problems with elderly adults and individuals with chronic illnesses. If you are on Medicare or Medicare-eligible, follow these simple summer safety tips to help stay cool and well through hot summer months. Top Summer Safety Tips for Seniors: Protect Your Skin from Too Much […]
3 Ways to Avoid Scams for Medicare During Open Enrollment
As you are well aware, during the Annual Enrollment Period (AEP), you tend to get bombarded with Medicare ads, news, flyers, calls, and more. It’s not always easy to know what is a scam, who you can trust, or even what is legal when it comes to selling Medicare policies. As you’re trying to determine […]
Medicare AEP vs OEP: What’s the Difference?
As if Medicare weren’t confusing enough, everywhere you look there are confusing acronyms! These two are particularly important to not confuse because they affect when you can change your plans based on your current enrollment. So, let’s jump right in. AEP is the Annual Enrollment Period, which runs every year from October 15th to December 7th. […]
What You Need to Know About Your Annual Notice of Change Letter
It’s that time of year again! The 2020 Medicare Annual Enrollment Period (AEP) will run from October 15, 2019, to December 7, 2019. During (AEP) you can make changes to various aspects of your coverage. For those enrolled in a Medicare Advantage plan or Part D Plan, you should receive your “Annual Notice of Change” […]