Medicare Knowledge for Professionals
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COVID lay offs can create a great deal of confusion around Medicare enrollment. But, one of the biggest pain points for some can be the sudden increase in Medicare premiums related to one’s income, known as IRMAA. But, there may be something people can do about these increases.
“If I enroll in Medicare during this national crisis, can I un-enroll when I go back to work and resume the employer coverage?” Yes, that is possible... BUT you must know about some important complications and potentialy costly repercussions for "temporary" enrollment into Medicare Part A, Part B and COBRA.
One of the seemingly fastest-growing alternatives to marketplace plans are Health Care Sharing Ministries (HCSMs). Some of the most commonly-known among these are Medi-Share Christian Care Ministry, Samaritan Ministries, and Christian Healthcare Ministries. But, just how viable are these programs as alternatives to healthcare marketplace plans?
According to a recent study, just 18% of Baby Boomers are placing a high priority on planning for receiving nursing or long-term care during retirement. Yet, in the same group of people, 45% expected they would need long-term care at some point.
Despite all the extra benefits and low premiums, not everything may be rosy with Medicare Advantage plans. The Office of Inspector General found that 75% of denied Medicare Advantage plan claims are successfully appealed immediately upon review.
Each year between Oct. 15 and Dec. 7, Medicare beneficiaries have an opportunity to review and change their coverage — either a Part D drug plan or Medicare Advantage plan. Just one simple plan change could literally save your clients thousands in the coming year!
In order to make the i65 process as smooth as possible with minimal stops and starts, we've compiled a crucial checklist of information that your clients should know before clicking the "Start RoadMap" button. You'll find this checklist listed under the "Resources" tab in i65.
Each year between Oct. 15 and Dec. 7, Medicare beneficiaries have an opportunity to review and change their coverage — either a Part D drug plan or Medicare Advantage plan. Just one simple plan change could literally save your clients thousands in the coming year!
Since 2003, Medicare has forced those of higher incomes to pay more for Medicare Part B and Part D. Although not commonly known by its official name, this premium increase is called the Income-related Monthly Adjustment Amount, or IRMAA for short.
Each year, Medicare Advantage or Part D drug plans can make significant changes for coming year, including monthly premiums, the medications they cover, pharmacy networks, doctor networks, out-of-pocket costs, deductibles and more. As a result, it’s critical that your seniors review their plan options during Medicare's Open Enrollment period in order to potentially save BIG!