I think everyone could use a Medicare for beginners article. Especially after all the changes that have taken plan the last few years. If you are an American citizen or permanent resident, you are going to want to be familiar with the many benefits that are available to you. One of the greatest things about this country are all of the many services and benefits available to the citizens of this … [Read more...]
Medicare Insurance Is Now A Reality For Baby Boomers
The first wave of Baby Boomers begin turning 65 in January 2011. This means that if you are one of these Baby Boomers you will be signing up for Medicare insurance for the first time. It can be a complex and frustrating process that could cost you time and money, if you make mistakes or wrong choices. Medicare Insurance has four parts: A, B, C and D. Part A covers in-hospital stays and has … [Read more...]
Medicare News: Under Medicare Advantage Senior Out of Pocket Costs Increase
An official from the Centers for Medicare and Medicaid Services (CMS) recently provided new analysis that shows seniors may have to spend more money for Medicare Advantage programs beginning next year as a result of provisions in the health care reform law. Richard Foster, the chief actuary for CMS, told Senate Republicans in a letter that the health care reform law will result in "less generous … [Read more...]
Medicare News: SEP – Special Election Period
Are you one of the 236,000 Private Fee for Service members, nationwide, that are losing your coverage? You now qualify for a SEP (Special Election Period). Medicare Advantage members losing their Private Fee for Service (PFFS) coverage, or other Medicare Advantage program that is leaving the area, are eligible for a SEP (Special Election Period) which allows them to move to another carrier right … [Read more...]
Medicare help: How To File A Medicare Claim
When filing a Medicare claim it has to be filed within one calendar year following the year that the services were provided for the claim. This means, one year after you have the treatment for the health condition, you have to file a claim before that calendar year is up. For example, if you have made a physician's visit on the month of March 2009, a Medicare claim can be filed before 31st … [Read more...]
Medicare Advantage: Annual Election Periods Change for 2011
Medicare Advantage plan Election Periods are changing for the 2011 calendar year. The 45-day period from November 15th through December 31, 2010, the Annual Election Periods (AEP), hasn’t changed. Beneficiaries can enroll or dis-enroll from a Medicare Advantage plan during this time period. However, the Annual Dis-enrollment Period, where persons already in a Medicare Advantage plan, may … [Read more...]
Medicare News: Spending too much on Out Of Pocket Expenses?
Are You Spending Half Your Income On Out Of Pocket Expenses? Imagine spending over half of your annual income on health care services each year. The Medicare program is a program that will pay for health care services for adults 65 years of age or older, or individuals with disabilities. This health care program will pay for a portion of inpatient and outpatient services. This program typically … [Read more...]
Changing Residences Can Impact You With the Medicare Advantage Program
It is essential that anyone with the Medicare Advantage Program makes sure to document any move, temporary or permanent. The subject of Medicare for U.S. residents can be complicated at the best of times and with the changes recently made to the health-care laws, people may find themselves either paying more or even without coverage if they are not well informed. With the increasingly aging … [Read more...]
Medicare 101: How To Qualify for Medicare
Learning about medicare for the first time you could be asking yourself "How do I qualify for Medicare"? Medicare is an American healthcare system for people of the age 65 or older. It is primarily funded by employees and employers through payroll taxes, as well as, monthly premium deductions from social security checks. If you would like to know how to qualify please read the following … [Read more...]
Five Things To Know About the Medicare Donut Hole
The gap in coverage faced my many is commonly referred to as the “Medicare Donut Hole”. In recent years, options for seniors who are Medicare beneficiaries can be quite confusing, especially when it comes to supplemental coverage such as Part D, which is designed to cover prescription drugs costs. Here is a list of five things you and your family should consider when choosing the most effective … [Read more...]
