Medicare is a federal health insurance program for those who are 65 years old or have a qualifying disability. If you retire before 65, you will need to obtain health insurance until you are eligible to enroll in Medicare. To enroll in Medicare, you must be a U.S. citizen or have permanent legal residency in the United States for at least five continuous years if you do not qualify for …
Medicare
Medicare Advantage: How to Choose the Best Plan for 2023 (Part 1)
You might be here because you are anticipating the relatively high number of brochures promoting the best Medicare Advantage plan for you in the coming year. However, the process is not as simple as selecting a plan based on the information you see in promotional brochures. Indeed, no one can just simply determine which Medicare Advantage plan is the “best” without proper research. The best …
A Guide to Determining the Best Medicare Plan for You
Medicare is a common health insurance program for individuals 65 and older and people with disabilities. If you're eligible for Medicare, you have several choices for how to get your Medicare coverage. Types of Medicare Plans The initial step in determining a Medicare plan is to understand the available types of Medicare plans. There are five basic types of Medicare plans: 1. Original …
5 Ways to Protect Yourself From Potential Medicare Fraud
As our population ages, more and more people are enrolling in Medicare. This government-run health insurance program provides vital coverage for seniors and those with certain disabilities, which can be quite helpful. Unfortunately, though, Medicare fraud is a serious problem in the United States. Every year, criminals defraud the Medicare program of billions of dollars. This costs taxpayers …
Medicare: How Does Individual/Family Coverage Work?
If you are eligible for Medicare, you might be asking how to include your family in your coverage. Depending on your circumstances, there are a few various methods to go about doing this. What form of family health insurance is offered once you turn 65 and enroll in Medicare? Most Americans are used to having a single, comprehensive family health insurance plan, typically provided by their …
Inflation Reduction Act and Medicare: What You Need to Know
Medicare is going to start negotiating the prices of drugs that it pays for, which could lower costs for seniors and the government. The changes are part of a big bill that includes money for health care and clean energy. House Democrats passed the bill on August 16. So what does this all mean? If you want to learn more about how the Inflation Reduction Act will affect drug prices, then we've …
How the Inflation Reduction Act Will Affect Medicare
After months of debate, the Inflation Reduction Act (IRA) was passed by the Senate and House and was signed into law by President Joe Biden. The IRA has several focuses, including healthcare costs and taxation, but the most impactful part for Medicare beneficiaries is the prescription drug price reform. The prescription drug price reform is expected to save Medicare beneficiaries billions of …
How Can a Medicare Advantage Plan Benefit You?
A Medicare Advantage Plan can offer several benefits, including lower out-of-pocket costs, more comprehensive coverage options, and more personalized care compared to Original Medicare only. If you are considering enrolling in a Medicare Advantage Plan, you must compare your options to find the right plan for you. Here are some of its best benefits: 1. Dental, Vision, and Hearing …
How the Inflation Reduction Act can Change Medicare for the Better
As of its passing, the Inflation Reduction Act will aim to reduce the cost of prescription drugs covered by Medicare, thereby saving money for the Medicare program and its beneficiaries and improving Medicare benefits. How? The bill will require the federal government to negotiate with drug manufacturers to get lower prices for high-cost drugs. Drug companies will also pay Medicare rebates if …
5 Important Questions to Ask about Medicare Advantage
Many people are not satisfied with only having coverage through Original Medicare (Part A and B); that's why they choose to enroll in Medicare Advantage. These plans are contracted with Medicare and are paid a fixed amount from the federal government to provide an alternative to Medicare benefits. However, not all Medicare Advantage plans are created the same. Even though they have a common …