The Medicare premiums in 2013 (for Part B) will be $104.90 per month for most individuals but if your yearly income was higher than the average American you may have to pay more. How much does Part B cost? Most people pay $104.90 for their Part B premium each month. BUT... If your modified adjusted gross income (as reported on your IRS tax return from 2 years ago) is above a certain amount, … [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...]
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 and Health Insurance Options at Age 65
There are loads of health insurance options for people over age 65. Below we'll discuss each of them so you get a better understanding of what to look for and which type of plan might work best for you. Private Insurance Some people, over 65, have company sponsored group medical health insurance that carries over into retirement. These plans must be reviewed by a Professional Medicare Insurance … [Read more...]
Medicare Advantage: Changes Per Recent Healthcare Reform Bill
One issue that is of interest to senior citizens is how the bill affects the Medicare Advantage. Unless you have been hiding under a rock for the last couple of years, you probably already know that there have been some major changes in health care in this country. Mostly this has to do with the Healthcare Reform Bill that has recently passed through congress. Needless to say, there has been a … [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...]
Medicare 101: Medicare For Beginners
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 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...]
