Of the 65 million Medicare beneficiaries in 2022, 49 million are registered in Part D plans. More than half choose MA-PDs, and 47% choose PDPs. For senior citizens, the expense of prescription medications can be a significant issue. More than 88% of persons 65 and older use at least one prescription medication monthly, and over 42% use five or more, according to a 2019 CDC survey. Consider how Medicare Part D prescription drug coverage can result in cost savings if … Continue reading “Medicare Part D Plans 2023”
Medicare Insurance Blog
What You Need to Know About Medicare 2023
Your coverage will begin on the first of the month after your enrollment in Medicare beginning January 1, 2023, if you enroll in the program the month you turn 65, during the final three months of your initial enrollment period, or during the general enrollment period. In addition, people eligible for Medicare can check out the 2023 alternatives for coverage between regular Medicare, Medicare Advantage, and part D prescription Drug Plans for this period. While Part B and Medicare Advantage … Continue reading “What You Need to Know About Medicare 2023”
Medicare Open Enrollment 2023
Medicare open enrollment is an important time for seniors and their families. It’s the period when you can make changes, such as switching to a different plan or enrolling in a new one. In this article, we’ll cover the basics of Medicare open enrollment 2023 so that you can decide what’s best for your health needs. Medicare open enrollment occurs every year from October 15th to December 7th. This is the time of year when individuals with Medicare can make … Continue reading “Medicare Open Enrollment 2023”
Medicare Costs in 2023
As the healthcare industry continues to navigate through the ever-evolving complexities of our modern world, one certainty is that change will never cease. The Medicare program is no exception – with numerous changes historically hitting in 2021 and a proven rise in 2022, planning for 2023 is essential. In particular, 2023 is looking at a slue of adjustments that could significantly affect how we manage costs throughout the system. With this in mind, it’s paramount that those involved in providing … Continue reading “Medicare Costs in 2023”
Advantages of Medicare vs. Medigap & What is the Difference
What is the Primary Difference Between Medigap and Medicare? Original Medicare covers 80% of Medicare-covered services such as outpatient medical services, your doctor’s services, and supplies. However, Medigap covers some of the gaps that Original Medicare doesn’t pay for, such as deductibles, copayments, and coinsurance. In this post, we will explore the benefits and advantages of Medicare and Medigap. What is Medigap? Private companies sell this supplemental insurance policy that you can use along with Medicare Parts and Parts … Continue reading “Advantages of Medicare vs. Medigap & What is the Difference”
Can One Change Medicare Plans, And If So, How?
Medicare is a popular program by the federal health insurance program for people who are 65 years of age or older. However, it applies to specific younger individuals who have disabilities. If you have Medicare, you can switch from Original Medicare (Parts A & B) to Medicare Advantage (Part C) during the Medicare Annual Enrollment Period. However, you need to make some other decisions before you take this decision, depending on the type of coverage you choose. How to … Continue reading “Can One Change Medicare Plans, And If So, How?”
What Parts of Medicare Do I Need?
Medicare is divided into four broad categories: Parts A, B, C, & D. Then there are the ten different kinds of Medicare supplement plans. But is it necessary for you to be enrolled in all of it? Medicare’s Parts and Supplemental Plans cover various services and benefits. They vary in fees, hospital and doctor networks that participate, availability, and other regulations, among other things. The following is a quick introduction to help you get more acquainted with them. Part … Continue reading “What Parts of Medicare Do I Need?”
What is the Advantage of a Supplemental Health Insurance
What Is Supplemental Insurance? The average cost of healthcare in the US is above $1,000 per year. Due to escalating costs, many people want to add a supplemental policy to their basic comprehensive health insurance. Supplemental insurance is available from a broad range of insurers. Accidents, hospital, critical sickness, dental, and vision are just a few of the more typical causes of these insurance policies. Supplemental insurance may cover medical expenses not covered by your primary policy, such as deductibles … Continue reading “What is the Advantage of a Supplemental Health Insurance”
What Are The Negatives of A Medicare Advantage Plan?
Perhaps you’ve seen advertising for Medicare Advantage plans, which claim to care for all of your healthcare requirements at no additional expense to you. Coverage for prescription medications, dental and vision care, hearing aids, and even a complimentary gym membership are all options you may include with these plans. You’ve probably heard some criticism or concerns if you’ve been following these projects. What is the difference between Medicare Advantage and standard coverage? What makes them such a bad idea for … Continue reading “What Are The Negatives of A Medicare Advantage Plan?”
Advantages of PLAN N
A Medigap plan, Medicare Supplementary Plan N, is one of ten standardized Medigap plans offered in almost all states. Similar to other Medigap benefits, the plan may assist you in paying for some charges that Original Medicare does not cover, such as cost-sharing payments you may incur for hospital treatments or doctor visits. Like some other Medigap plans available in most states, Plan N provides standardized benefits. Regardless of location or residence, you will get the same essential benefits under Plan … Continue reading “Advantages of PLAN N”