Understanding Medicare Advantage in 2023
Posted: May 21, 2023
Understanding Medicare Advantage in 2023If you have a Medicare Advantage plan, you should be aware of some of the changes made this year, which include expanded coverage. Medicare Advantage plans provide more types of coverage than Original Medicare, which is why many senior adults often opt for these plans. Keep reading to learn more about the changes made to this plan and what it means for the coverage available...
Will My Medicare Travel with Me Abroad?
Posted: May 6, 2023
Will My Medicare Travel with Me Abroad?Many senior adults use their retirement years to fulfill their dreams of traveling abroad. With the summer approaching, you may be ready to book your next adventure abroad. However, if you rely on Medicare for health insurance, you may wonder how it works when you are outside the USA. In some cases, Medicare could cover ambulance services or inpatient hospital costs. It is important to...
What Happens to My Employer-Sponsored Health Insurance After I Get Medicare?
Posted: April 21, 2023
What Happens to My Employer-Sponsored Health Insurance After I Get Medicare?If you have employer-sponsored health insurance and you will soon be eligible for Medicare, you may be wondering what will happen to it once coverage kicks in. The short answer is yes, you can keep both the coverage provided by your employer as well as your Medicare. You can also choose to drop your employer’s health plan, but it is not a requirement. The size...
What Documents Do I Need When Applying for Medicare?
Posted: April 6, 2023
What Documents Do I Need When Applying for Medicare?If you are approaching the time to enroll in Medicare, take the time to gather the documentation the agency requires. Medicare allows you to enroll online, by phone, or in person at a local Social Security office. The documentation needed will depend on whether you already receive Social Security benefits. If you do, there is no need to submit documents. If you do not yet...
Will My Income Affect My Medicare Premium?
Posted: March 21, 2023
Will My Income Affect My Medicare Premium?Medicare has an “income-related monthly adjustment.” What does that mean to you? If you are a higher income earner, you will pay more for Medicare Part B, which covers doctor and outpatient care, and a range of other services. Essentially, if you are a higher-income earner, you will be required to pay a larger percentage than others who are on Medicare. You could pay between...