Medicare Part A is for inpatient hospital care, hospice, some skilled nursing facilities, and some health care in other facilities. Part A is free for most Americans. What's Covered by Medicare Part A? Medicare Part A covers a large variety of medical services that are considered necessary to treat a disease or condition. We like to think of Medicare Part A as hospital insurance. Medicare part A … [Read more...]
Medicare Part B Income Related Adjustment
Medicare Part B is normally covered by a monthly premium to help pay for the cost of doctors, outpatient hospital care, and physical and occupational therapy that one might need. Medicare Part B has a monthly cost or premium that must be paid by everyone who activates their Medicare Part B benefit. The amount you pay varies by how much you/your spouse make per year, this is your Medicare Part B … [Read more...]
What is Medicare?
What is Medicare? Here is the Medicare Definition: Medicare is a health insurance program from the federal government that covers most people that are of the age of 65 or older. If you’re younger than 65, Medicare will cover your health care costs if you’re disabled or have End Stage Renal Disease. People covered by Medicare are called the beneficiaries of the medical insurance program. Medicare … [Read more...]
A Great Video to Help With Understanding Medicare
Are you new to Medicare? This is a great video to help you understand medicare and how it works. Understanding Medicare coverage choices can be tricky so its important to educate yourself and pick your coverage carefully. How you choose to get your benefits can affect your quality of care. If you are about to become eligible for Medicare, or just became eligible for Medicare here is a great … [Read more...]
The History Of Medicare
This history of medicare starts with the Social Security Act in 1965 establishing both the Medicare and Medicaid healthcare insurance systems. Although, both healthcare systems were governed by different offices. Medicare was the responsibility of the Social Security Administration or SSA, while the State Medicaid programs were administered and looked after by the Social and Rehabilitation Service … [Read more...]
Medicare Help: How Do I Apply For Medicare?
There are Two Ways to Apply For Medicare Apply For Medicare At your Local Social Security Office Most people do not realize that there is not a “Medicare office” where they go to get their Medicare Insurance. This is sometimes a bit confusing because, to apply for your Medicare benefit you must visit your local Social Security office. Apply for Medicare Online You may also visit this link … [Read more...]
Medicare News: Popular Prescription Drugs That Become Generic In 2012
In Medicare news, according to US News and World Report, the following prescription drugs will go generic in 2012. Be sure to ask your pharmacist for the generic version of your drug when it becomes available as this will save you a bundle. Name Brand Prescription Drugs that become Generic in 2012: March. Lexapro (escitalopram); $2.56 billion. Used for treating depression. March. Seroquel … [Read more...]
Medicare 101: The Letter At The End Of My Medicare Number
Medicare 101: The Letter At The End Of My Medicare Number Medicare Insurance Help, Education and Plans Now that you have your medicare card it's time to supplement your medicare Every beneficiary is given a Medicare number. This number is their Social Security number followed by a code. Your Medicare number is often referred to as a Medicare claim number. The letter codes at the … [Read more...]
Medicare Plans: Income-Based Part D Premiums
Starting January 1, 2011, Part D premiums will be based on your income. This includes Part D coverage you have from a Medicare Prescription Drug Plan, a Medicare Advantage Plan or a Medicare Cost Plan that includes Medicare prescription drug coverage. If your modified adjusted gross income, as reported on your Internal Revenue Service tax return from two years ago, (the most recent tax return … [Read more...]
Difference Between Medicaid and Medicare
One of the most common questions people have once they are introduced to this topic is in regards to the difference between Medicaid and Medicare. For many people, the recent health care debates have actually confused the issues more than they have cleared them up. The reason for this is that politicians, writers, and pundits on both sides of the aisle have very different opinions on health care … [Read more...]
