Understanding Medicare Coverage Let’s face it: Medicare can be downright confusing sometimes. With different parts, plans, and terms thrown around, many folks find themselves scratching their heads. But here’s the good news: Medicare does offer some solid benefits when it comes to staying on top of your health, especially for preventive care. One of those key benefits […]
Is the Medicare Annual Wellness Visit Mandatory? Read More »
If you are a spouse or dependent of a veteran, you might be eligible for healthcare benefits under CHAMPVA. Understanding the qualifications and application process is crucial to accessing the care you deserve. This guide covers everything you need to know about qualifying for CHAMPVA. What is CHAMPVA? CHAMPVA (Civilian Health and Medical Program
How Do You Qualify for CHAMPVA? Read More »
The Medicare Income-Related Monthly Adjustment Amount (IRMAA) is an additional charge added to the premiums for Medicare Part B (medical insurance) and Medicare Part D (prescription drug coverage). It only affects beneficiaries whose modified adjusted gross income exceeds $106,000 for individuals or $212,000 for those filing jointly. How is IRMAA determined? IRMAA for Medicare Part B
IRMAA Brackets 2025: What They Are and How They Work Read More »
When it comes to managing healthcare costs, two powerful tools can help maximize your savings: Health Savings Accounts (HSAs) and Medicare benefits. While these two resources may seem unrelated at first glance, understanding how to effectively use both in tandem can lead to significant savings. This comprehensive guide will explore how to maximize your HSA
How to Maximize Your HSA and Medicare Benefits for Maximum Savings Read More »
Medicare is a federal health insurance program primarily for individuals aged 65 and older. Understanding the requirements and optional components of Medicare enrollment is essential for ensuring you have the coverage you need. This article will guide you through the essential steps of enrolling in Medicare, highlighting what is mandatory and what is optional to
Medicare enrollment: What’s required and what’s optional Read More »
The Medicare Annual Enrollment Period (AEP) is a critical time for beneficiaries to make changes to their healthcare plans. It occurs annually from October 15 to December 7, offering opportunities to switch plans, join Medicare Advantage, or change prescription drug coverage. But what happens once the AEP concludes? After AEP, beneficiaries transition into a period of confirmation,
What to Expect After Medicare Annual Open Enrollment Period? Read More »
The transition from private or employer-based health insurance to Medicare marks an important milestone for those approaching or entering retirement. As people move into this new phase of life, many understandably worry about maintaining their continuity of care. A common question among those considering Medicare is whether they can continue seeing their current doctors. This is
Will I Be Able to Keep My Current Doctor When I Switch to Medicare? Read More »
Thanks to the Inflation Reduction Act of 2022, Medicare has introduced some of the most impactful changes in recent years, including relief from high prescription drug prices. Here’s a snapshot of the changes: In 2023, Medicare capped insulin costs at $35 per month in Part D prescription plans and removed out-of-pocket costs for recommended vaccines. In 2024, the government
Key Medicare Changes for 2025: Important Updates Every Enrollee Should Know Read More »
Medicare covers most of your health care costs once you turn 65, but its rules can be tricky, and mistakes can be expensive. Without making the right decisions to cover gaps, you might face high premiums and significant out-of-pocket expenses. Even worse, missing important Medicare deadlines could leave you without coverage, cause you to lose out
7 Medicare Mistakes That Could Cost You and How to Avoid them Read More »
As the Medicare Annual Enrollment Period (AEP) draws near, it’s crucial to support your clients in navigating their coverage choices. One key document they’ll receive is the Annual Notice of Change (ANOC), sent out by September 30. This document highlights essential updates to their current plans, including any changes for the upcoming year. Being well-versed
Medicare 2025: Read Your Annual Notice of Change (ANOC) Read More »
