Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’ll be turning 65 soon, you have some important healthcare decisions to make.
Medicare Supplements are used to cover most, if not all, of the remaining medical costs that Original Medicare does not pay. There are 10 different plans to choose from, each one offering a certain list of benefits
Medicare is a national health insurance program for folks who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’re turning 65 soon, you’ll have some critical healthcare decisions to make.
Medicare Part D provides prescription drug coverage. Insurance companies offer this benefit either as an independent plan or beneficiaries can select a Medicare Advantage plan that also includes prescription drug coverage.
Original Medicare covers dental, vision, and hearing only when it is linked with inpatient or outpatient medical needs. We’ll explain what Medicare covers and what you’ll have to buy additional coverage for, should you need it. If you need additional coverage, we can help!
Long-term care (LTC) insurance pays for help with simple activities like bathing, eating, and dressing. It covers expenses that Medicare and health insurance don’t pay for.
Despite what your presumptions may be, long-term care needs aren’t restricted to senior citizens. Approximately 37% of long-term care services are given to people under 65.
Regardless of who you are, life insurance must be a part of your plan. Insurance coverage keeps your loved ones from incurring your debts, should something happen to you. Plus, it can help protect your business, provide for your kids, supplement your retirement, and give you peace of mind.
Annuities are investment products issued by insurance companies. They pay a guaranteed income for a period of years or for life. To purchase an annuity policy, you can make a single payment or a series of payments.
We are always here for our clients, and we’re ready to answer any questions you may have.
For more information or to schedule an appointment, contact us today!
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When you need financial advice, you can rely on the experts at Turning 65 Solutions. Our financial planning blog covers an array of topics, from retirement planning tips to the latest Medicare news. Read, learn, and stay informed as you plan for the future and live your best life.
Original Medicare does not cover prescription drugs. However, Part D Prescription Drug Plans are available to fill
Original Medicare does not cover prescription drugs. However, Part D Prescription Drug Plans are available to fill this coverage gap. Medicare Advantage Plans are an alternative to Original Medicare that offers prescription drug coverage in most cases. Medicare Part D A Medicare Prescription Drug Plan adds drug coverage to Original Medicare. To join a drug …
How Are Prescription Drugs Covered With Medicare Read More »
Original Medicare does not cover most dental care, dentures, eye exams for prescribing glasses, or hearing aids or exams for fitting them. For this coverage, you should consider a Medicare Advantage (Part C) Plan that offers these benefits. Dental Part A will pay for certain dental services if you get them when you’re in a …
How Are Dental, Vision, and Hearing Covered with Medicare Read More »
HMO Medicare Advantage Health Management Organization (HMO) Plans ask that you receive care from health providers in the plan’s network, except for emergency care, out-of-area urgent care, and out-of-area dialysis. Plans with a point-of-service option may allow you to go out-of-network for some services, but you will pay more if your provider is not in-network. …
What Are The Medicare Advantage Plans You Can Enroll In Read More »
Coverage Needs One of the most important factors to consider when choosing your Medicare Plan is the coverage available to you. Original Medicare differs from Medicare Advantage Plans, and there is also prescription drug coverage thrown in the balance. Original Medicare makes up Part A and Part B, which cover hospital and medical insurance. With …
Tips for Choosing the Right Medicare Plan for You Read More »
One of the biggest recent changes in Medigap Plans is the removal of Plan F. For all Medicare beneficiaries that become eligible after January 1, 2020, Plan F and High Deductible Plan F will no longer be an option. Plan F was known for being the most comprehensive coverage plan. It will still be available …
High Deductible Plan F vs. High Deductible Plan G Read More »
Termination for Nonpayment Medicare plans can be terminated due to nonpayment of premiums. Plans will specify the grace period they allow before payment is considered outstanding, and this is usually around two months past the due date. If you do not pay your health insurance premiums by the end of your grace period, your plan …
Enrolling Three months before your 65th birthday month, you become eligible to enroll in Medicare. If you have already been receiving benefits from Social Security, you will be automatically enrolled. Otherwise, you will need to enroll through your local Social Security office. Your Initial Enrollment Period lasts for seven months in total, extending to three …
Enroll on Time! Late enrollment leads to late-enrollment penalty fees, which are tacked on to your premium every month. The Part B premium late-enrollment penalty adds 10 percent of the standard premium for every twelve months you go without enrolling in Part B once you become eligible. Part D plans have a late-enrollment penalty if …
Medigap policies are offered by private companies to help pay expenses not covered by Original Medicare, Part A and Part B. These expenses include copayments, coinsurance, and deductibles. These plans are no longer allowed to pay the Part B deductible or include Part D prescription drug coverage. You can buy a Part D policy for …
What are Medicare Supplements and how do they work? Read More »
Con artists may try to steal your Medicare Number to access your personal information, possibly steal your identity, and commit Medicare fraud. This leads to higher costs and taxes for everyone. How to prevent fraud Protect your identity and your Medicare Number by guarding the information. Keep your Medicare card safe with your credit cards …
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