A survey that included the participation of 372 seniors who have previously bought private supplemental Medicare plans showed that 58 percent are now using the 2011Medicare Annual Enrollment Period (AEP) to rethink their insurance needs. When the seniors were asked why they were reevaluating their plans, the top three reasons were: • 45 percent wanted to make certain that they were receiving the best coverage for their needs • 19 percent had experienced an increase in premiums • 9 percent had experienced an increase in out-of-pocket expenses. Another 35 percent…
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Medicare issues that baby boomers should understand
An eHealth Inc. subsidiary, PlanPrescriber, has issued its “Top 6 List”, which is a report that contains issues that individuals who are considering the Medicare Supplement plan – especially baby boomers – will want to think about before the end of the 2012 Medicare Annual Enrollment Period. This period started on October 15, 2011, and will continue until December 7, 2011. In the majority of circumstances, beneficiaries of Medicare who also have a supplement plan and want to alter their prescription drug coverage in Part D for next year will…
Read MoreThe Medicare Information Solution: Part 2
This article is continued from Part 1. Retiree benefits are received by approximately one in every three Medicare beneficiaries, and are a form of supplemental coverage from the retirement health plan provided by their former employers. For these individuals, Medicare began quite simply. They would use both Parts A and B, and then would simply use the insurance from their former employers to cover the out-of-pocket costs such as prescription drugs. The majority of individuals who have this option available to them will take it. However, employers are offering this…
Read MoreThe Medicare Information Solution: part 1
Health insurance can be a concern throughout a person’s entire life, but Medicare helps to ease that anxiety once retirement age comes around. However, that doesn’t mean that there aren’t any concerns about Medicare itself. Primarily, this consists of which programs to choose. As a senior citizen, healthcare coverage can be quite complicated, as the system is based upon a number of different forms of insurance, some of which are public, and others that are private. One person may require up to four different insurance programs; each of which needs…
Read MoreNew search tool for Medicare Part D for 2012 available through Q1Medicare.com
The Medicare Part D prescription drug plan search tool – also known as the PDP Finder – is now launched through Q1 Medicare and this stand-alone feature is now available for use. This tool gives Medicare beneficiaries such as seniors a look at all of the different Medicare Part D plans available for 2012 for their areas quickly and easily. These plans are offered along with the primary details for all drug tiers of coverage, such as the monthly premiums, “Donut Hole” coverage, the initial deductibles, and cost sharing/co-payment information.…
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