Medicare is full of confusing terms that may throw you off. The best way to understand Medicare is to break down every term: that way when you see them used in official sources, you can follow along. Here are five Medicare terms you should know. Coinsurance You can expect to pay coinsurance for Medicare Part […]
Medicare Terms You Need To Know! Read More »
There are a lot of misconceptions when it comes to Medicare. Some of the biggest comes down to who is covered by Medicare, what it covers, and whether or not you need to enroll when you turn 65. Medicare Covers All of Your Healthcare Needs The fact is, Medicare only covers your basic healthcare needs.
Top 3 Medicare Myths You Should Be Aware Of Read More »
Changes to Medicare were a key point of contention when the Affordable Care Act (ACA) was in legislation. Some of the biggest changes as a result of the act include cost savings for Medicare Advantage insurance companies, caps on the cost of prescription drugs within the coverage gap, higher premiums for people with high incomes,
Does The Affordable Care Act Apply To Medicare? Read More »
The coronavirus pandemic has had a tremendous impact on the daily lives of millions of Americans. If you feel you may have contracted the disease, you may be considering getting tested for the virus. But will your health insurance cover COVID testing? Keep reading to find out. Insurance and COVID Tests If you have health
How Does Your Insurance Cover COVID Testing? Read More »
Institutional Special Needs Plans (I-SNPs) remain a small part of the overall Medicare Part C landscape, but they are quickly rising in popularity. I-SNPs Explained This is a Medicare Part C plan that is exclusively designed to provide dedicated care coordination to a particular individual – this means I-SNP benefits are designed for those with
Special Needs Plans (SNPs) are a type of MA (Medicare Part C) plan that restricts enrollments to those who meet certain eligibility conditions. The plans provide benefits that serve the certain health needs of its members. There are three types of Special Needs Plans available: Chronic-Condition Special Needs Plans (C-SNP), Institutional Special Needs Plans (I-SNP),
As with most healthcare policies, Medicare plans have an Annual Enrollment Period. During this window, Medicare beneficiaries get a chance to review their medical coverage and make changes as they see fit. Medicare has one big Annual Enrollment Period from October 15 to December 7 every year. We know that these enrollment terms and letters
What is Medicare AEP? Read More »
To see whether Medicare is short or long-term, distinguishing factors must be highlighted first. To understand which category Medicare falls into, these types of insurance plans should be discussed in reference to Medicare. What Is Short-Term Insurance? Short-term insurance is for when you are between insurance plans. If you’ve just been dropped from one form
Is Medicare a Short-Term or Long-Term Plan? Read More »
Maybe you are turning 65 and considering opting for health insurance to help cover medical expenses. Many people prefer to understand all the health insurance-related options to choose the one that meets their needs the most. In this regard, Medicare is one of the most common healthcare plans that people enroll in to receive health
What Does Each Part Of Medicare Cover Read More »
When someone thinks about getting a Medicare healthcare insurance plan, the major decision is to choose an Original Medicare or choose a Medicare Advantage plan through a private insurer. If you select Original Medicare, you enroll for Part A, B, and D (hospital care, lab tests, doctor visits, labs, prescription drugs, and tests). However, if
Original Medicare vs. Medicare Advantage Read More »
