Medicare Portal's Medicare Blog
Medicare Part D does not cover 100% of your prescription drug costs. There is a well known gap in this coverage that leaves many beneficiaries paying more than they expected, popularly known as the Medicare donut hole. Let’s discuss what it is and why it’s important to learn how you can potentially lower your costs. How May The Donut Hole Impact You? To understand the donut hole, first you must understand what Medicare Part D
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 consider the following important factors when weighing different Medicare coverage options. The Cost of Your Medicare Benefits Plan The monthly
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 often best to enroll when you first qualify for Medicare, which typically is when you’re turning 65 during your Initial
If you’re among the 17.8% of the United States population who are covered by Medicare, you may decide to receive your Medicare benefits through a Medicare Advantage plan. Medicare Advantage, also called Medicare Part C, allows you to obtain your Original Medicare benefits (Part A and Part B) and additional benefits through a Medicare-approved private insurance company. Although this is beneficial, how do you select a suitable Medicare Advantage plan in your area from the
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 Medicare enrollment period that applies to you depends on the circumstances under which you enroll and when you become eligible.
Are you finding it burdensome to wrap your head around the Medicare plan options available to you and deciding on which plan to choose? You’re not alone in this – each day 10,000 people turn 65 and become eligible for Medicare benefits. It can be hard to know the most important considerations that guide Medicare coverage choices. However, you can contact a local Medicare insurance agent to help you understand your options and enroll in