Many of you have seen Medicare related commercials lately. The ones I have been hearing about from clients are those that say something to the effect of “Call and see if you qualify for extra services, like $144 back each month” or You could also qualify for a $0 premium plan with extra benefits like Read more about Commercials and my opinion[…]
For those on Medicare, Social Security offers Extra Help for individuals with limited incomes and assets: Why is this important? The cost of prescription drugs can be challenging. Even more so for individuals that may not have the resources they once had, to pay for them. If you qualify for Extra Help, then you Read more about Extra Help (Low Income Subsidy)[…]
So, you are turning 65 or you are eligible for Medicare, and you are covered through your current employer’s group insurance, or through your spouse through their current employer’s group insurance. But now you are considering if you should get Medicare Part B. What should you do? How do you know? One quick note, which Read more about Covered under your or your spouses employer plan?[…]
Creditable Coverage for Prescription Drugs Is coverage that is expected to pay at least as much as Medicare’s Standard Prescription Drug Coverage, on average. Examples of creditable coverage are Employer or Unions plans, VA Benefits, TRICARE or Indian Health Services. If you HAVE creditable coverage when you become eligible for Medicare You typically can Read more about Creditable Coverage[…]
The Income Related Monthly Adjustment Amount (IRMAA) is a sliding scale approach to Medicare Part B and Part D cost to you. Okay, what does that mean? Well, frankly, if you did well, and your income was over a certain dollar amount, then Social Security may apply an IRMAA on your Medicare Part B and Read more about IRMAA what is it?[…]
The Part B deductible has changed over the years. This becomes important in understanding how it impacts your Medicare Supplement plan choice. Part B Deductible over the years Year Annual Part B Deductible 1966-1972 $ 50.00 1973-1981 $ 60.00 1982-1990 $ 75.00 1991-2004 $ 100.00 2005 $ 110.00 2006 $ 124.00 2007 $ 131.00 2008-2009 Read more about Part B Deductible over the years[…]
For most people the standard monthly premium for Part B was $134.00 in 2018. That has increased to $135.50 for 2019. The standard monthly premium for Part B is $135.50 for individuals who: enroll in Part B for the first time in 2019; don’t get Social Security benefits; or are directly billed for Part B Read more about How much is Medicare Part B 2019?[…]
This was taken today 06/15/2016 from Medicare.gov’s website so that people who have Medicare and use Diabetic Testing Supplies, know how MEDICARE’S Mail Order works. Medicare’s National Mail-Order Program for diabetes testing supplies Medicare has a National Mail-Order Program for diabetes testing supplies (like test strips and lancets). No matter where you live, you’ll need Read more about Diabetic Testing Supplies From Medicare.Gov[…]