Frequently asked questions about Medicare Supplements Will my doctor accept my Medicare supplement? Yes any doctor that accepts Medicare will accept any standardized Medicare supplement plan. Will my doctor accept a Medicare Advantage Plan? Maybe and maybe not. Medicare Advantage plans have networks. Some doctors elect not to participate and may not accept Medicare Advantage …
The Medicare Part B premium will increase from $104.90 to $121.80 in 2016, but the Hold Harmless provision in the Social Security Act exempts most people from the increase because there will be no cost of living adjustment in social security next year. People who have to pay a higher premium because of their income and people who …
Medicare supplement insurance plans , also known as Medigap, are standardized Insurance plans specifically designed to work with Original or “Traditional” Medicare. Choosing your Medigap plans help you customize your Medicare plan. You can choose the Medigap and Part D prescription plan that best fits your needs and your budget. Being able to customize your plan is an …
Each year Medicare Part D plan sponsors make changes to the plan premiums, copays, tier rankings and formularies. There may also be changes in quantity limits and step therapy requirements. You should receive a letter from your plan informing you of the changes for the coming year. If you are not sure of what to …
Traditional Medicare is a fee for service health insurance plan for people over 65 and with certain disabilities. Fee for service means the health care provider is paid a fee for the healthcare service. Traditional Medicare allows you to use any doctor or hospital that accepts Medicare. There are deductibles, copays and the 20% which …
Medicare open enrollment is also called the Medicare Annual Election Period. Medicare open enrollment is October 15th through December 7th. During this time, you can make changes to your Medicare Plan. Medicare plans are your primary Medicare plan like Traditional Medicare or Medicare Advantage, or Part D prescription coverage. Medigap plans are not actually Medicare …
For some time now, Medicare Plan F has been widely recognized as the most comprehensive Medicare Supplemental or “Medigap” coverage available, but that is about to change. Legislation passed on April 15th, 2015 will prohibit the sale of Medigap Plan F for those beneficiaries turning 65 on or after January 1 2015. Research provided by lawmakers like …
According to The Henry J. Kaiser Family Foundation, as of 2014 there were 49,435,610 people enrolled in the Medicare program. Forbes magazine reports that about 10,000 people are enrolling in Medicare every day. If the trend continues, there will be 80,000 people enrolled by 2035. Most Medicare enrollees admit that they really don’t know much …
If you will be turning 65 soon, it’s time to learn about Medicare. You will be getting mail about Medicare plans from every insurance company you’ve ever heard of and some you haven’t. Although it’s very stressful, it is very important for you to learn enough about Medicare to make the right decision about which …
On July 30th 1965, President Lyndon Johnson sat in the Truman Library in Independence, Missouri with former President Harry Truman by his side. He was about to sign into law Title XVIII of the Social Security Act also known as Medicare. President Truman had long proposed a national healthcare plan, and it was in his …
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