While Medicare is technically optional, there are a few reasons why seniors choose to enroll in Medicare once they become eligible. Let’s go over a few of those reasons. There are Various Plan Options Medicare has four different parts: A, B, C, and D. Each of these parts will provide specific coverage for specific services. …
If you’re already enrolled in Medicare, you may be wondering what you can do if you’re no longer satisfied with your plan. This is where the Medicare Annual Enrollment Period comes into play. Also known as the Annual Election Period or Fall Open Enrollment Period, this period lasts from October 15 through December 7 each …
What Can I Do During the Annual Enrollment Period? Read More »
Your Medicare card tells providers you have Medicare coverage and what type of coverage you have, as well as when your coverage first began. The unique identification number is used by your health care providers to bill Medicare for covered services. To prevent Medicare fraud, don’t let your Medicare card or number fall into the …
The costs for your Original Medicare coverage will be slightly higher in 2022. Read on for the specifics. Medicare Part A Premiums Many people pay nothing in Medicare Part A premiums. These are those people who qualify for Medicare benefits due to a disability, from receiving retirement benefits at least four months before they turn …
If you’re enrolled in Original Medicare but are not interested in joining a Medicare Advantage plan, you may be interested in what Medicare Supplements (Medigap) can do for you in regards to coverage and lowering out-of-pocket costs. However, to make sure you get the Medigap plan you want, you need to make sure you enroll …
Medigap is distinct from other facets of Medicare. It’s not a standalone plan, and it has more stringent grounds for eligibility. You can even switch to a different Medigap plan if the need arises, but you need to be aware of when you’ll be able to do this. Why is Timing for Enrollment Important? Timing …
Medicare gives you different enrollment periods, each designated for specific changes you want to make. One that stands out is the Annual Enrollment Period. Here, you will be able to join, switch, or drop plans, and its changes will be effective on January 1 of the following year. However, participating in it is not mandatory. …
Do I Have to Use the Medicare Annual Enrollment Period? Read More »
Medicare’s Annual Enrollment Period takes place from October 15 to December 7. It’s a time you can make changes to your policy so that you can have coverage that is a better fit for you. This also gives you an opportunity to explore your options and see what Medicare has to offer. But there are …
What Changes Are Allowed During The Medicare Annual Enrollment Period? Read More »
Medicare Part D is also known as your prescription drug coverage plan. You can enroll in a Medicare Part D plan in two different ways: by enrolling in a stand-alone plan because you have Original Medicare or by enrolling in a Medicare Advantage plan that includes prescription drug coverage (known as an MAPD). The price …
What Are the Four Coverage Phases of Medicare Part D? Read More »
The Medicare Annual Enrollment Period (AEP) , also referred to as the Annual Election Period, is imperative because it allows you to make changes to your plan each year. Your Annual Enrollment Period begins October 15th and ends December 7th. What Changes Can Be Made During The AEP? Between October 15th and December 7th, you …
Why Is the Medicare Annual Enrollment Period So Important? Read More »
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