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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Learning more about healthcare and open enrollment for Medicare
The Medicare open enrollment period is already well underway, as is the healthcare enrollment for people who receive health insurance from their employers and individuals who haven’t yet gone over their current coverage package for 2012 are being advised to hurry up and get started. For those individuals who haven’t yet missed their window of opportunity for changes in employer-sponsored insurance, the sooner they have a look at their current health insurance and compare it to what is available, the better, because any changes that are made by employers or…
Read MoreMedicare 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 MoreAn overview of Medicare plans and what they cover
Medicare health insurance is a program that is federally administered and is made available to people with certain specific forms of disability, permanent kidney failure, or people who are 65 years of age or older. There are several different types of Medicare plans, the basics of which are as follows: • Medicare Part A – provides coverage for hospital care (among institutions that accept Medicare) and has no monthly premium for its beneficiaries, as long as they have been employed and have paid FICA taxes for a minimum of a…
Read MoreAnswers you should know to the FAQ’s about Medicare
Though it may feel overwhelming when you are faced with the most common questions to Medicare and Medicare Supplement Insurance, in truth, it doesn’t take hours of research to know what options are available to you. The most commonly asked question is regarding the difference between Medicare Advantage (MA) Plans, and the Original Medicare. The fact is that there are a number of important differences between them. The original plan is government Medicare, whereas MA is private Medicare. The two plans involve comparable out-of-pocket expenses. An MA plan is essentially…
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