The 4 Medicare Savings Programs
The four Medicare Savings Programs help eligible beneficiaries pay for Medicare costs through state assistance. These programs can cover Part A and Part B premiums, deductibles, coinsurance, and copayments depending on which program you qualify for. The Qualified Medicare Beneficiary (QMB) Program provides the most comprehensive coverage, paying for Part A premiums, Part B premiums, […]
What should I know about Medicare Medigap?
Before purchasing Medicare Supplement Insurance (Medigap), you need to be enrolled in both Medicare Part A and Part B. Medigap policies are sold by private insurance companies and require a separate monthly premium in addition to your Part B premium of $202.90 that you pay to Medicare. Each Medigap policy covers only one person, so […]
Can I have Medigap and a Medicare Advantage Plan?
Medigap policies cannot be sold to Medicare Advantage Plan members unless they switch back to Original Medicare. If someone tries to sell you a Medigap policy while you aren’t planning to drop your Medicare Advantage plan, report it to your state insurance department. If you have Medigap and join a Medicare Advantage Plan, you might […]
What is the Medicare Part A and Part B initial enrollment period?
Initial Enrollment Period You can first sign up for Part A and/or Part B during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65. If you sign up for Part A and/or Part B during […]
Who Should Get a Medicare Supplement Plan G?
It may be a good idea for you to consider a Medicare Supplement Plan G if you fall into the following categories: * Are receiving your Part A and Part B benefits under Original Medicare and wish to have comprehensive coverage for most of your out-of-pocket expenses. * Would like to see any Medicare provider […]
“Brain training” is the fastest growing Medicare Advantage fitness benefit
Brain training has emerged as the fastest growing Medicare Advantage fitness benefit since the Centers for Medicare & Medicaid Services began tracking distinct fitness benefit categories in 2019. When CMS required insurance plans to differentiate between physical fitness, wearable fitness trackers, and memory fitness programs, it revealed a significant trend in beneficiary preferences. Federal data […]