Research shows that 82 percent of people over 65 years don’t know how or where to buy it. Upon reaching the age of 65, most Americans will receive part A and will choose to be covered by part B as well, but beyond that, Medicare supplemental insurance appears to be causing seniors a significant amount of confusion. A survey was performed by a group called Medicare Medics, to examine the way in which individuals who newly qualify for the benefits are managing. It included participation from people 65 years of…
Read MoreTag: medicare supplemental insurance
With Thanksgiving and Black Friday over, the Medicare deadline is the next big date
With the Thanksgiving turkey eaten and Black Friday’s discount-hunting madness behind them, consumers have started to use the final two weeks left for open Medicare enrollment to do their last minute insurance shopping. Senior citizens are now starting to run out of time for choosing a new Medicare prescription drug or Advantage plan if they want to alter their current coverage. The deadline for Medicare’s open enrollment has been moved to December 7 from its traditional December 31 as a result of the 2010 federal healthcare laws. The reason for…
Read MoreOver half of seniors using exchange for private Medicare plan to reevaluate in 2011 AEP
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…
Read MoreLearning 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 More