Medicare & Senior

All the resources you’ll need to stay up-to-date on medicare plans, available benefits and financial assistance.

How to Find Which Doctors Accept Medicare Assignment?

What is 'Medicare Assignment'? The majority of doctors who accept Medicare insurance also accept medicare assignment. Medicare assignment is a term that refers to the accepted level of reimbursement Medicare is willing to give physicians and healthcare providers for...

Medicare Advantage Trial Period

Getting ready to sign up for Medicare? Thinking about a Medicare Advantage plan but not sure that’s what you really want. What if something goes wrong? You need to know about the Medicare Advantage trial period, a test run for a Medicare Advantage plan. Trial Right...

Use a Health Savings Account to Pay Medicare Premiums Tax-Free

Question: We have a sizable health savings account in my wife's name. She will turn 65 and go on Medicare in August 2016. I am 71, and my monthly Medicare Part B premium is deducted from my Social Security payment. Can we use money from her HSA to pay our Part B...

Late Enrollment Penalty (LEP)

Late Enrollment Penalty (LEP)

If you're enrolling into Medicare and you are questioning whether or not you need to enroll into a Medicare plan, you need to read this article to ensure you don't put yourself in a position to pay a permanent Late Enrollment Penalty.What is the Late Enrollment...

3 Ways to Dispose of Your Old, Unused Medications Safely

Many of the drugs that are prescribed to individuals sit in medicine cabinets months and years beyond their reasonable expiration date. These drugs may be harmful for you to take or for kids and grandchildren to sneak into or accidentally swallow. It's important to...

Medicare Announces Slight Rise in 2019 Premiums

Medicare Announces Slight Rise in 2019 Premiums

Medicare premiums and deductibles for Parts A and B will increase slightly in 2019, the Centers for Medicare and Medicaid Services announced Friday. Standard monthly premiums will cost $1.50 more: $135.50, up from $134 in 2018. Because premiums are based on income,...

Do You Need to use an Insurance Agent for Medicare?

Do You Need to use an Insurance Agent for Medicare?

Learning Medicare on your own would not be an easy task. In fact, there are some people that have faced this tumultuous task alone. They’ve spent hours and hours researching terminology and definitions, plan types, specific election periods, do’s and don’ts, and...

When You Can Change Medicare Plans

Medicare coverage is not a one-and-done decision. Changing health care needs and life events may mean your Medicare coverage needs to change, too. Medicare provides certain time periods for making changes to your plan choices. The main one is Medicare Open Enrollment....

Frequently Asked Questions

Do I have to enroll in Part B at the same time as Part A?

No, these are two standalone Parts. However, one of the primary reasons individuals choose to not take Part B when they turn 65 is because they already have medical coverage through their employer.

In this case, it is best to go ahead and enroll in Part A, if it’s free, and withhold from enrolling in Part B until you lose employer coverage.

Do I have to have a Medicare drug plan?

If your coverage is not creditable, you can still keep it. But if you sign up for a Medicare drug plan at some future date, and you have gone for more than 63 days without creditable coverage, you would then pay a late penalty.

When can I sign up for Medicare Part D?

You should enroll early during your IEP to make sure that your coverage begins as soon as you are eligible. If you do not join a Medicare drug plan during your Initial Enrollment Period, you may not be able to enroll until Fall Open Enrollment. Fall Open Enrollment begins October 15 and ends December 7.

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