Our last post addressed how Medicare covers long-term care—which is to say, it generally doesn’t. Medicare only covers medically necessary services for limited amounts of time. Long-term care generally refers to personal and medical services for people with chronic illnesses, disabilities, or limitations in their ability to function independently. Medicare …
Original Medicare (Parts A and B) is an invaluable health insurance for senior citizens that millions of Americans rely upon for timely and essential medical treatment. Unfortunately, as beneficial as the program is, too many people are unaware it doesn’t actually pay for all of their health care costs. For …
Long term care generally refers to personal and medical services for people with chronic illnesses, disabilities, or limitations in their ability to function independently. It’s important for seniors and their loved ones to know that Medicare only covers medically necessary care in certain circumstances, and for a limited time. Medicare …
It is a common misconception that Medicare is a free program. The reality is that, while most people won’t pay a monthly premium for Medicare Part A (hospital insurance), Medicare Part B (medical insurance) has a monthly premium of $104.90 in 2015 (for most people). In addition to the Part …
Medicare premiums, deductibles, copayments, and coinsurance amounts are all subject to change annually. If sifting through Medicare’s 150-plus page handbook to understand your costs is not your ideal way of spending an afternoon, you’re in luck—we’ve broken down the premiums and out-of-pocket costs you can expect this year. We’ll provide …
A Private Fee-For-Service, or PFFS, plan is a type of Medicare Advantage (MA) plan that is administered by a private insurance company. PFFS plans are an alternative way to get your Medicare benefits. Medicare pays the PFFS plan a set amount of money every month to provide health care coverage …
