Medicare 101

Part D cost

How Much Does Medicare Part D Prescription Drug Coverage Cost?

When evaluating your Medicare prescription drug costs, it’s important to select a plan that fits within your budget and allows access to your covered medications through the pharmacy of your choice or mail order. The costs for Medicare prescription drug coverage can vary depending on your list of medications, where you live and how you …

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Original Medicare cost

The Cost of Original Medicare Premiums, Copayments and Deductibles

While our health concerns are paramount in determining the right fit for various Medicare plans, it’s also important to understand the financial aspects of Medicare. Once you enroll in Medicare Parts A and B, you are responsible for paying coverage-related premiums, deductibles and copayments. In this blog post, we’ll explore the anticipated costs for Original …

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Licensed Medicare Insurance Agent

Why You Should Work with a Licensed Medicare Insurance Agent

To prevent fraud and provide structure to the Medicare program, The Centers for Medicare and Medicaid Services (CMS) have established guidelines for agent meetings, communications and compliance. As a result, it is important that you as a Medicare beneficiary identify agents that are compliant with their Medicare insurance licensing, certification and compliance. The Rules Licensed …

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medicare vs. medicaid

Medicare vs. Medicaid

Medicare and Medicaid sound similar in name but there are key differences between two that are important to understand. Both are governmental programs offering essential healthcare coverage to specific qualifying groups of people that need these benefits. In this blog post, we’ll discuss what these programs cover, their eligibility requirements, their similarities and differences and …

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Medicare prescription drug coverage

How to Use Your Medicare Prescription Drug Coverage

Medicare drug coverage for outpatient self-administered prescription drugs is an important benefit available to those covered by Medicare. It’s crucial to understand how to maximize your benefits and use your Medicare prescription drug coverage effectively to reduce out-of-pocket costs. Your Doctor Prescribed You a Medication: Now What? To take full advantage of your Medicare plan’s …

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guide to medicare formularies and part d prescription drug coverage

Your Guide to Medicare Formularies and Part D Prescription Drug Coverage

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 …

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