In previous posts weâve touched on the fact that Medicare doesnât cover everything. In fact, on average, Medicare covers only around 50% of a seniorâs healthcare costs. Medicare supplement (Medigap) plans are an ideal choice to help fill in the gaps of Medicare, but they also have their limits. For …
Five Medicare Resources Every Senior Should Know About
Medicare has made an effort to publish information and resources online to help Medicare recipients and their family members get the help and information they need. Letâs take a look at five resources every Medicare recipient should know about. 1: âMedicare & Youâ Handbook A comprehensive guide to the Medicare …
What to Do if You Missed the Medicare Open Enrollment Period?
Medicareâs Annual Enrollment Period (AEP) runs from October 15 â December 7 every year. During the AEP, seniors can enroll in a Medicare Advantage or prescription drug plan, change an existing plan, move to a new plan, or disenroll from Medicare Advantage and switch to Original Medicare (Parts A and …
What Is Medicare Part D and Do I Need It?
Medicare Part D is a federal-government program introduced in 2003 to help eligible Medicare recipients get subsidized prescription drug coverage. The plans are sold through private insurance companies (approved by Medicare) and often have an additional premium. There are two ways to get drug coverageâas a standalone plan coupled with …
What Is Not Covered by Medicare?
Medicare provides vital health insurance to seniors age 65 and over, but itâs important to know that Medicare doesnât cover everything. This post will outline what Medicare does not cover and will highlight some alternatives that can help fill in some of the gaps of Original Medicare (Parts A and …
What Is a Medicare Summary Notice (MSN)?
If youâre a Medicare beneficiary, you can expect to receive a notification called a âMedicare Summary Noticeâ in the mail every three months for your Part A and Part B-covered services. This notification is not a bill; rather, it is a document listing all the items that your providers and …