Month: February 2021

Original Medicare (Part A and B), introduced in 1965, did not cover outpatient prescription drugs. Over time, Medicare beneficiaries paid increasing amounts for out-of-pocket drug costs that, by 2003 were rising by roughly 12% annually. These higher costs to beneficiaries led Congress to pass the Medicare Prescription Drug Improvement and Modernization Act of 2003 to …

Your Guide to Medicare Formularies and Part D Prescription Drug Coverage Read More »

The average Medicare beneficiary must deal with a combination of increasing healthcare costs and possibly a growing number of medical needs. As of 2019, a typical couple might spend a total of almost $300,000 in medical expenses over the course of their retirement. 80% of those costs can be traced back to Medicare premiums, medical …

How to Compare Medicare Supplement Insurance Policies Read More »