If you’re self employed you may be wondering what your options are for health insurance. As an entrepreneur there are several options available at different price points. Marketplace Plans for Self Employed If you are self employed, one of the first options is marketplace insurance. Under the affordable care act (sometimes referred to as Obamacare) [...]
Is your Medicare Advantage Plan not all you thought it was cracked up to be? Are you stuck with it? There are several ways in which you can leave your Medicare Advantage Part C Plan. What is Medicare Advantage and Why Would I Want to Leave? Medicare Advantage is an alternative option to Original Medicare. [...]
Medicare Part D is your prescription drug coverage. It can be a little confusing, but there are several ways you can make the most of your Medicare Part D plan. Late Penalties First, let’s talk about Part D enrollment and late penalties. You have a few opportunities to enroll in Medicare Part D. Your individual [...]
Medicare can be confusing! Let's clear up some of the uncertainty by answering the five most common Medicare questions! How Much Does Medicare Cost? Costs can vary from person to person. However, it is very easy to get a better idea of premiums on Medicare.gov. Just use the plan finder. Many people enroll in Medicare not [...]
Cost-sharing is the way you contribute to your health insurance plan. This includes copayments, coinsurance, premiums, and deductibles. Premiums are a set monthly rate that you must pay consistently in order to remain active on your plan. A deductible is an annual fee you pay before you receive your first benefit of that year. Medigap Plans [...]
Medigap Plan G offers a bit more coverage than Plan N, making it the more comprehensive option, but Plan N is a bit less expensive. Both, however, are good options. What Is Medigap? Medigap, or Medicare Supplements, are additional, supplemental insurance plans that cover many of the out-of-pocket costs of Original Medicare. There are 10 different [...]
No, you don't need Part D if you have Medicare Advantage. In fact, you may already get prescription drug coverage through your Advantage (Part C) plan, and you can add it otherwise. Medicare Advantage Coverage There are 5 main types of Medicare Advantage plans: Health Maintenance Organization (HMO) Preferred Provider Organization (PPO) Private Fee-For-Service (PFFS) Special [...]
The latest Covid-19 stimulus, the American Rescue Plan is a very large bill that may affect your health insurance. Today we’ll go over exactly how the stimulus plan may affect you. Individuals who currently rely on (or are hoping to rely on) COBRA, Marketplace Plans, or Medicaid may suddenly find themselves eligible for tax credits, lower [...]
If you have diabetes, you may be wondering exactly what Medicare will cover and what it won’t. Also, you have important decisions to make regarding Original Medicare, Part D, Medicare Supplement Plans & Medicare Advantage. Original Medicare Original Medicare is Medicare Part A, your hospital insurance and Medicare Part B, your outpatient insurance. Medicare Part [...]
Your health insurance is probably one of the most important decisions you make on a yearly basis. Unfortunately, it can also be the most confusing! So today, how do you find the best marketplace insurance plan on healthcare.gov? There are many factors to take into consideration when choosing a health insurance plan but basically it boils down [...]
If you’ve explored Healthcare.gov, you’ll notice one of the first things you’re asked is your estimated income for the following year. Specifically, you'll be asked for your MAGI. Your estimated income plays a huge role in your eligibility for premium tax credits. These tax credits can save you thousands of dollars. Unfortunately, estimating inaccurately can have [...]
With the slow weeding out of Plan F, the two most popular Medicare Supplement Plans are Plan N and Plan G. But which is better? What are Medicare Supplement Plans? Medicare Supplement Plans were designed to cover the gaps of original Medicare, namely coinsurance and out of pocket maximums. They will not cover services not [...]
Marketplace insurance is part of the Affordable Care Act (ACA) sometimes known as Obamacare. It was designed as a way to offer comprehensive health care at affordable rates. Marketplace insurance is a great way to purchase coverage if you are self-employed or unemployed. Due to Covid-19, a new Special Enrollment Period has opened up for Marketplace [...]
Scammers are very tricky. Every year they find more insidious ways to steal identities and bank information. That's why you need to be on the lookout for some of the most common Medicare Scams! Medicare Scams 1. Your Medicare is Going to Be Canceled! “Your Medicare is about to be canceled!” Oh no, what do [...]
Nothing in life is free, right? But you have you heard the advertisements boasting "free" Medicare Advantage Plans? What’s the catch? If you're skeptical, you may be right to be so. How Does it Work? If you have Medicare Advantage, you are no longer utilizing Original Medicare. That’s because Medicare Advantage actually replaces Original Medicare [...]
Although Original Medicare provides excellent coverage, many Americans still find themselves dissatisfied with their health insurance. This is largely due to the gaps of Original Medicare and the out of pocket costs. But, is it worth it to pay extra for a Medicare Supplement plan? Original Medicare Original Medicare is Medicare Part A, which is [...]
There are many Medigap Plans to choose from, but what's the best Medicare Supplement Plan? Many of our clients are interested in supplementing their Medicare with either a Medigap plan or a Medicare Advantage plan. Dependent upon your needs and your area, one may be better for you. What are Medigap Plans? Original Medicare consists [...]
Medicare was designed to provide comprehensive and low cost health insurance to senior citizens. However, it can still be a financial burden to many. Fortunately, there are many ways to afford Medicare on a fixed income. Medicaid and DSNPs If you are living on a fixed income, (possibly social security alone) and your assets are [...]
There’s no way around it. Health insurance is confusing! How do you pick the right plan? Why did you get that unexpected bill? What are you paying for after all? We’re going to break down some of the more confusing parts of health insurance in this health insurance 101 article. HMO vs. PPO Most plans [...]
Medicare provides excellent and comprehensive health insurance to millions including Americans with ESRD. In 2021, there are even positive changes in Medicare for those with ESRD. Eligibility for Medicare & ESRD If you have ESRD, you will be eligible for Medicare. You do not have to be 65. Because you will not be automatically enrolled [...]
