Due to a bipartisan budget deal seniors may not have to worry about the increase in Medicare Part B premiums. The article below by Robert Powell from USA Today talks about what seniors can expect in upcoming Medicare Part B changes. Budget proposal could mean no 52% jump in Medicare Part B premiums Millions of Medicare recipients bracing for a 52% premium increase are one step away … [Read more...]
Medicare Part B Premium Is Expected To Increase In 2016
Almost one third of Medicare Part B recipients are expected to see a 52% Medicare Part B premium increase in 2016. The anticipated rise in premium fees are due to Social Security and Medicare rules. In 2015 there has been little to no inflation and Social Security cannot pay the cost-of-living increase next year, 2016. Because of this the Medicare program must equally extend the premium cost … [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...]
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 Advice: Do I Need Medicare Insurance?
If you’ve applied for Medicare Part A and B you’ve got Medicare Insurance. But, you’ve still got a big gap that could create a financial hardship for you if you don’t cover that gap with additional insurance. Medicare covers 80% of your Medicare approved procedures, doctor visits, etc. But you are still responsible for 20% of all charges. That 20% isn’t a big deal if you just have to see the … [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 News: Medicare Prescription Drug Rebate
If you are a senior citizen, then you already know that Medicare prescription drug plans tend to be a complicated issue. For one, there are various kinds of Medicare plans. There isn’t just one plan that is right for all senior citizens. Also, depending on what kind of money you make, what kind of social security you have, and what kind of taxes you have paid, you may even have to supplement your … [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...]
