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Medicare Out-of-Pocket Costs You Should Expect To Pay

Medicare Out-of-Pocket Costs You Should Expect To Pay

Medicare provides health insurance to most older Americans, but there are still expenses that have to be paid out-of-pocket. Medicare has a complicated set of rules that can be difficult to understand. So here are some of the expenses you can expect with Medicare:

Medicare Premiums

The standard Medicare Part B premium is $104.90 per month in 2016,

Traveling With Medicare

Traveling With Medicare

Traveling in the United States

If you are a Medicare beneficiary and you have Original Medicare (Part A & B) then you can travel anywhere within the United States and still be covered by Medicare as long as you use doctors and hospitals that accept Medicare. If you have Medicare Advantage (Part C) then you may have to pay more out of pocket for visiting an out of network provider.

What You Need to Know About Medigap

What You Need to Know About Medigap

Medigap, or the Medicare Supplemental plan, is extra health insurance that you can buy from a private company to pay health care costs that are not covered by Original Medicare (Parts A & B), such as co-payments, deductibles, and health insurance if you travel outside the U.S. Medigap policies do not cover long-term care such as stays in a nursing facility,

Medicare Preauthorization

Medicare To Require Pre-Approval for Certain Medical Devices

Starting Feb. 28, Medicare will require pre-approval for some of the most commonly used home medical supplies, including oxygen, sleep apnea gear, and related equipment. The change comes as a response to a large amount of system abuse, and hopes to scale back inflated claims.

Savings for Medicare; Concerns for Beneficiaries and Providers

Medicare anticipates that savings from this initiative will save upwards of $10 million over the course of 2016.

Medicare Open Enrollment Starts Today

Medicare Open Enrollment Begins Today

Medicare’s annual open enrollment period begins today, Oct. 15 and runs through Dec. 7.

What is Medicare Open Enrollment?

Medicare Open Enrollment is the yearly opportunity for those anyone who has not yet enrolled in Medicare to sign up for coverage (outside of an individual’s Initial Enrollment Period). Current Medicare recipients are also able change their insurance plans during this time with no penalty.

Medical Services - Medicare

A Guide to Preventative Care for Medicare Recipients.

Along with eating well, exercising, limiting alcohol, and not smoking, it is important to take advantage of preventative health care services in order to maintain a healthy lifestyle.

Through Medicare, there are two main preventative health exams available. First, there is an initial “Welcome to Medicare” preventative visit, and then there are yearly “Wellness Visits”.

costly medicare mistake

Avoid This Costly Medicare Mistake:

It’s no secret that the best time to sign up for Medicare is as soon as you become eligible. For those who are already receiving Social Security, you will be automatically enrolled, and your benefits will begin on the first day of the month you turn 65. If you are receiving Social Security Disability, you will also be automatically enrolled in Medicare after your 24th month of receiving SS benefits.

Medicare Enrollment: 6 Biggest Enrollment Mistakes Boomers Make

Mistake 1: Signing up too early or too late for Medicare and its parts

If you are aging into Medicare, your Initial Enrollment Period is based on your 65th birthday. To avoid long-term penalties, make sure you know what you have to choose—and by when. If you or your spouse are still working when you turn 65 and your insurance meets certain requirements,