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Are You Ready for Medicare’s Annual Election Period?

September 30th, 2018

The taste and smells of fall are in the air. Days are getting shorter, and the weather is getting cooler. While we often think of spring as a time for new beginnings, there are some important deadlines that can affect your health right around the corner.

One such date is Medicare’s annual enrollment period that begins October 15th and ends December 7th!

What is Medicare’s Annual Enrollment Period?

If read more

Why Medicare Part D Premiums Will Be Lower in 2019

August 31st, 2018

The Centers for Medicare & Medicaid Services (CMS) announced late July that, for the second consecutive year, Medicare Part D prescription drug premiums will drop in 2019. During an era when healthcare costs are steadily rising, Part D costs will shrink $1.09 to $32.50 starting in January.

Recent action taken by the Trump administration to make prescription drugs read more

How to Avoid Costly Medicare Mistakes

August 2nd, 2018

Medicare costly mistake

Medicare has numerous components, rules, restrictions and confusion. Around 75% of American adults over age 50 wish they understood this complex government health policy better. It’s not how much you pay that’s costly–it’s lack of information that hurts eligible recipients.

A deeper understanding of costs, coverages and other components of Medicare can read more

Minding the Gap

June 28th, 2018

MediGap Advisors lays out the limitations of Medicare coverage that every retiree should know and how dental insurance can help avoid unnecessary expenses in the future.

Managing Longevity Risk

May 29th, 2018

We believe retirement planning should be simpler than most experts make it out to be. Step 3 of our 6-step Retirement Planning Program is to secure guaranteed income.

The Downside of Modern Longevity

Americans are living longer. Modern medicine, changes in diet and lifestyle, and advances in society and technology are all helping more and more of us reach our eighth decade or beyond.

There’s just read more

How to Lower Your Medical Bills Through A Bill Negotiation Service

April 28th, 2018

A strategy routinely used by insurance companies to gain deep discounts on the list price of medical procedures can now be used by individual consumers to help lower your, and your family’s medical bills. What’s a bill negotiation service, and how can it help you save money?

List Prices, Negotiated Prices and the Difference

When determining how much money you will pay for a medical procedure, you deal with read more

Things to Know About Your New Medicare Card

March 27th, 2018

Identity theft is on the rise in America, and a new Medicare card is being issued to help protect recipients’ information. Need information about changes to the new card, what you need to do, and why a new card format was issued? Curious about the new format’s benefits to you? I’ve got you covered.

You can watch this video or read on to get more information:

Watch Your Mailbox

A 2015 law requires Medicare to remove read more

Critical Illness Plans Play A Significant Role During Heart Health Month

February 28th, 2018

Heart disease, also referred to as cardiovascular disease, is the number one killer of Americans. According to a November 2017 CDC study, roughly 1 in 4 deaths reported yearly are due to heart disease—about 610,000 Americans every year.

Will Medicare Cover Costs for Cardiovascular Diseases?

Original Medicare will pay 100% of its approved amount for blood tests to check your cholesterol, lipid and triglyceride levels even before you have met the Part read more

Every Retiree Should Know These 5 Surprising Facts About Part D Prescription Plans

February 5th, 2018

part d prescription plans

The cost of prescription medications continues to rise, putting pressure on limited or fixed incomes — and the savings — of retirees. Part D prescription plans can help take the sting out of the cost of medications, but there are some things every retiree should know about their coverage.

1 – Expensive Prescriptions are Covered

Once you’re enrolled in a Part D prescription plan, the plan can’t cancel read more

Medicare Costs in 2018

December 28th, 2017

Medicare is important and even necessary for many, as it provides much-needed insurance to those who need it most. As the new year approaches, many are probably wondering what kind of changes will take place. Medicare’s premiums for the upcoming year (2018) have been publicized, and here’s what you need to know.

Part B

Costs

Part B is the medical insurance part of Medicare, and it covers outpatient services, read more

7 Things Every Retiree Should Know About Medicare

November 30th, 2017

Medicare is designed to help protect American’s wellbeing and financial security during their golden years by ensuring they have access to affordable medical care. If you’re 65 or older, you can count on Medicare coverage to take care of your health care expenses. However, many retirees don’t understand the basics of how Medicare coverage works.

Below are seven things every retiree read more

4 Tips to Make Your Money Last During Retirement

October 31st, 2017

I’m sure all of us want to ensure our money lasts long during our retirement years. However, there’s a good chance you are concerned about outliving your money – and that’s normal. It’s essential to develop a strategy that will help you meet your specific financial needs for the rest of your life. Below are four tips that could help you with your retirement planning.

Tip # 1: Don’t Stop Working During Retirement

The ultimate way to read more

How 2018 Medicare Part D Standard Drug Plan Coverage Changes Affect You

September 26th, 2017

If you have signed up for a drug plan or plan to do so soon, here are a few changes that you can expect with the standard Medicare Part D prescription drug coverage for 2018.

Increase In Standard Initial Deductible

For 2018, the standard initial deductible for Medicare Part D will go up slightly by only $5 from $400 to $405. This means if you enroll in a Medicare Part D prescription drug plan with read more

Five Misconceptions About Medigap and Medicare

August 27th, 2017

Medicare can be quite complicated with its many details. There is lots of misinformation out there about Medicare, Medicare Advantage, and Medicare supplement plans due to this complex nature, particularly as we approach the upcoming annual election period (AEP). This is the time when anyone on Medicare can sign up for a Medicare Advantage plan, a Prescription Drug Plan, or a Medicare Advantage read more

Why More People are Choosing Medicare Advantage Plans over Traditional Medicare

July 26th, 2017

Medicare Advantage (MA) plans have played a larger role in the Medicare program as the share of Medicare beneficiaries registered in Medicare Advantage plans has steadily climbed over the past few years. The trend in enrollment growth is continuing in 2017 and has occurred despite a deduction in payments to plans that was enacted by Affordable Care Act of 2010 (ACA).

Medicare Advantage plans are read more

How Medicare Covers You While You Are Traveling

June 30th, 2017

If you аrе a Mеdісаrе bеnеfісіаrу with Original Mеdісаrе, Part A аnd Pаrt B, уоu can trаvеl anywhere іn thе Unіtеd Stаtеѕ аnd still bе соvеrеd, as lоng as уоu uѕе dосtоrѕ and hоѕріtаlѕ thаt ассерt Mеdісаrе. If уоu trаvеl оutѕіdе оf thе United Stаtеѕ, however, your Mеdісаrе соvеrаgе іѕ limited.

Please nоtе thаt read more

Low-income Medicare Beneficiaries Face Bigger Cost Burdens

May 28th, 2017

Medicare is the federally funded insurance program for people 65 older as well as people who are disabled. It covers approximately 80% of medical costs for its beneficiaries. That other 20% can be quite a burden for someone who has large medical bills, or anyone with a very low income.

According to a read more

Can Trump Deliver on His Promise to Lower Drug Costs?

April 28th, 2017

With the ever-skyrocketing prices of prescription drugs, President Donald Trump has vowed to negotiate lower prices. While it is admirable that President Trump has expressed determination to help every day citizens relieve some of the financial burden of runaway prescription costs, he faces many challenges on an already uphill battle.

President Trump has been very vocal about opposing the rising read more

How to Keep Your Healthcare Costs Down

March 27th, 2017

According to Fidelity Investments, retired couples over the age of 65 will pay approximately $240,000 dollars out-of-pocket for healthcare. To make matters worse, this staggering amount of money does not cover the typical long-term-care expenses that many retirees in the United States face.

Although this financial statistic is rather daunting, there are ways to lower this substantial amount into read more

Effect of an ACA Repeal on Medicare Advantage Plans

February 27th, 2017

aca repeal

Do you have a Medicare Advantage plan, or are considering switching to one from original Medicare during the next Annual Election Period? If you thought that you wouldn’t be affected by what’s going on with the Trump administration and Obamacare, think again.

But while many Americans are nervous, wondering what the “repeal and replace” of the Affordable Care read more