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Healthcare plans and insurance options are constantly changing, which can make it hard to understand what your policy covers. For more information on insurance industry news, tips to keep you covered, and changes to popular plans, follow the Advanced Insurance Concepts blog.
What Does It Mean To Be Dual-Eligible?
Americans who have both Medicare and Medicaid are called dual-eligibles. Dual-eligibles are eligible or enrolled in both programs when a Medicare enrollee’s revenue and overall capital base are low enough to make them eligible for Medicare support when covering some Medicare costs or making them eligible for comprehensive coverage under both Medicare and Medicaid. The…
Can I Get Medicare Part A For Free?
Yes! You will receive premium-free Medicare Part A if: You receive retirement benefits from Social Security or the Railroad Retirement Board. You are eligible to receive Social Security or RRB benefits but haven’t filed for them yet. You or your partner have Medicare-enabled government employment. You may also qualify for premium-free Medicare Part A if…
Pros And Cons Of Medicare Advantage Plans
A Medicare Advantage Plan or (Medicare Part C) is an auxiliary plan created for recipients of Original Medicare. They serve to deliver Medicare coverage benefits in an enhanced way. Medicare Advantage Plans are issued by private insurance organizations that are approved by Medicare. Pros of Medicare Advantage plans They offer greater value: Medicare Advantage Plans…
What Are The Most Important Medicare Enrollment Periods?
Initial Enrollment Period The Initial Enrollment Period (IEP) is the ideal time to enroll in Medicare. The IEP is a seven-month window that commences three months before your 65th birthday, your birthday month, and the three months after your birthday. Suppose your birthday is in September, your IEP starts on June 1 and ends on…
Are Medicare Supplement Plans Worth It?
Medicare Supplement Plans, also known as Medigap, is a private insurance policy that improves on the shortcomings of basic Medicare. They provide additional health insurance coverage for Medicare recipients by covering costs such as deductibles, copayments, and coinsurance. The big question remains: why should a patient who already has Medicare use a Medicare Supplement plan?…
Why Every Person On Medicare Needs To Review Their Policies Now
One of the biggest mistakes I see with my clients on Medicare is that they tend to “set it and forget it.” When I speak about Medicare policies, I’m talking about those with either a Medicare Advantage plan or a Medicare Supplement (Medigap) with a Part D drug plan. We have just entered the one…
Are You Automatically Enrolled In Medicare When You Turn 65?
Many individuals who are turning 65 will be enrolled automatically in both Medicare Part A and Part B (Original Medicare). If you’re receiving Social Security, the Social Security Administration will automatically enroll you at age 65. Medicare is controlled by the Centers for Medicare and Medicaid Services, but Social Security oversees enrollment. Social Security will…
How Do I Pick A Medicare Supplement Plan?
Traditional Medicare (Parts A and B) does not support every health need, leaving recipients in a money crunch due to out of pocket costs. Thankfully, Medicare Supplement Plans can help. Popularly referred to as Medigap, Medicare Supplement policies are sold by private insurance companies to address the shortcomings of Original Medicare. In 2017, over 13.5…
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