There are many circumstances in which Medicare beneficiaries are enrolled in two health insurance plans at the same time. As you can imagine, there are a number of scenarios one can fall into; however, there are regulations in place to determine the coordination of benefits (COB). This specifically determines which plan pays first and then …
What is a Medicare Late Enrollment Penalty? A Medicare Late Enrollment Penalty (LEP) is an additional monthly amount you will be required to pay to Medicare if you did not enroll in Medicare Part B and/or D when you first became eligible. Additionally, for those that have to pay for Medicare Part A, there is …
The Annual Enrollment Period (AEP) presents Medicare beneficiaries like yourself with the opportunity to change your existing coverage choice each year from October 15 – December 7. It’s easy to be overwhelmed by all the available options for Medicare Advantage plans (formally referred to as Medicare Part C plans) and Part D prescription drug plans, …
How to Evaluate Your Medicare Advantage and Part D Plan Options During AEP Read More »
Once you have enrolled in Medicare, you have two main time frames during which you can change your Medicare coverage: during the Medicare Annual Enrollment Period (AEP) that runs from October 15 through December 7, and during the Medicare Advantage Open Enrollment Period that runs from January 1 to March 31 each year. You should …
Factors to Consider When Changing Your Medicare Coverage Read More »
In the United States, Medicare benefits help provide health care coverage for more than 60 million people, from beneficiaries turning 65 to individuals with qualifying medical conditions. Enrollment periods guide when Medicare beneficiaries are able to enroll, disenroll or change their Medicare plan. Since you can incur lifetime penalties if you miss enrollment deadlines, it’s …
Understanding Medicare Special Enrollment Periods Read More »
Medicare is a government-sponsored health insurance program for Americans who are 65 years or older, and certain younger individuals with qualifying disabilities, End-Stage Renal Disease (ESRD) and Amyotrophic Lateral Sclerosis (ALS). There are different methods of signing up for Medicare and finding enrollment assistance, including seeking the assistance of a local Medicare insurance agent. The …
How to Sign Up for Medicare and Where to Find Enrollment Assistance Read More »
Whether you’re selecting a Medicare plan, trying to determine your Medicare eligibility and when to enroll, or wondering whether to consult with a Medicare insurance agent, it can all seem a bit overwhelming. The good news is that even though dealing with Medicare plans, rules and regulations appears complex at first, there are resources at …
Benefits of Working with a Local Medicare Insurance Agent Read More »
Are you one of the almost 500,000 Medicare beneficiaries affected by End-Stage Renal Disease (ESRD), also known as kidney failure? An ESRD diagnosis triggers Medicare eligibility, regardless of a person’s age, however Original Medicare carries potentially high out-of-pocket costs (20% coinsurance for Part B services, including dialysis). Thanks to the 21st Century Cures Act, signed …
Good News for Medicare Beneficiaries with End-Stage Renal Disease Read More »
Two of the most commonly chosen options for individual Medicare benefits are Medicare Advantage and Medigap insurance plans. Medicare Supplement Insurance (also referred to as Medigap) is purchased to be the secondary payer for Original Medicare (Parts A and B), while Medicare Advantage plans are selected to provide an alternative to Original Medicare. Please note …
The Difference Between Medicare Advantage and Medigap Insurance Plans Read More »
When you’re close to the age for Medicare eligibility, you may wonder when to enroll and when your Medicare coverage starts. You may not know what questions you need to ask, or what requirements you’ll need to meet to begin receiving Medicare benefits. We cover some of these basics in the content below. Medicare is …
