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,

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 Open Enrollment Ends Dec 7

Don’t Wait- Medicare Open Enrollment Ends Dec 7th

If you’ve been holding off on enrolling in a new Medicare plan, you may not want to put things off much longer- the Open Enrollment period is ending in just two weeks, on December 7th.

Medicare Advantage and Part D Open Enrollment

Unlike Original Medicare, which is administered by the federal government,

Medicare Part D Prescription Plans

Medicare Spending on Hepatitis C Medications to Pass $9 Billion This Year

Medicare’s spending on breakthrough medications for hepatitis C is expected to double this year, passing $9 billion, according to new government figures. The drastic increase in spending is expected to raise insurance costs for all beneficiaries, whether or not they have the liver-wasting viral disease.

Medications for Hepatitis C to Account for Nearly 7% of Part D Spending in 2015

New cost estimates indicate that Medicare Part D,

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.

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,