iep | Medicare Made Clear Blog | Find Medicare Information and Discuss Medicare Health Care Plans

Current Articles | RSS Feed RSS Feed

What should I look for in a Medicare prescription drug plan?

 
What should I look for in a Medicare prescription drug plan?

Do you know what to look for in a Medicare prescription drug plan? What are the types of plans and how are they different? How do you find the plan that’s right for you? Here are some tips to help you get the prescription drug coverage you need.

Medicare Enrollment Checklist – Helping You Prepare for an Important Decision

 
Medicare Enrollment Checklist – Helping You Prepare for an Important Decision

Choosing the right Medicare plan might seem intimidating at first. How do you know which plan is right for you? When are you eligible to enroll? Fortunately, there are steps you can take before getting started to help make the process a little easier. An important first step is knowing the information you need at hand when researching and enrolling in a Medicare plan. The Medicare Enrollment Checklist can help you prepare for this important decision.

All About Medicare Part D – What you Should Know to Get Coverage

 
All About Medicare Part D – What you Should Know to Get Coverage

In general, prescription drug coverage isn’t included in Original Medicare. To get this coverage, many people enroll in a Medicare Part D plan. There are two main ways to get Medicare prescription drug coverage: a standalone Medicare Part D plan or a Medicare Advantage (Part C) plan with a prescription drug benefit. Which option might be right for you?

Turning 65 in 2012? 3 Things You Should Know About Medicare

 
Boomers born in 1947 are among the first in their generation to become eligible for Medicare, and 2012 is their year.

The official start of the post-WWII baby boom may be debatable, but those born in 1947 are surely among the first of the Boomers to be reaching Medicare eligibility. It may be time to get ready to make some choices. Here are three basic bits of information to help you get started. 

What is the Medicare Part D Late Enrollment Penalty?

 
You can avoid a late enrollment penalty by planning ahead.]

Medicare maintains enrollment schedules throughout the year. Medicare Part D prescription drug coverage is optional—you are not automatically enrolled and you are not required to have it. But if you want and need Medicare Part D prescription drug coverage, you need to enroll during a formal enrollment period to avoid paying a Late Enrollment Penalty, or LEP. The LEP is a dollar amount added to your Part D premium.

When Can I Join a Medicare Part D Prescription Drug Plan?

 
Medicare has three enrollment periods during which you can sign up for Part D prescription drug coverage.

Medicare has three enrollment periods during which you can sign up for Part D prescription drug coverage. Each enrollment period serves a specific purpose and population.  

The 3 Times You Can Join a Medicare Advantage Plan

 
Did You Know? You can enroll in a new Medicare Advantage plan any time of the year if you are already a beneficiary in a plan and you move outside its coverage area.

Let’s assume you’ve assessed your needs, done your research and decided to join a Medicare Advantage (Part C) plan. Your next question might be: “When can I enroll?” There are two standard enrollment periods: the Initial Enrollment Period (IEP) for those who are new to Medicare and the Annual Enrollment Period (AEP) for those who are already Medicare beneficiaries. There is also a Special Enrollment Period (SEP) for individuals with qualifying exceptions that allows them to enroll in a plan outside the standard enrollment periods.

Missing Medicare Deadlines: Four Things You Need to Know About Penalties

 
According to the Social Security Administration, more than 10,000 Americans become eligible for Medicare every day.

There are several benefits to enrolling in Medicare as soon as you’re eligible. You won’t forfeit your Medicare coverage by not signing up immediately, but you may face penalties, and your premiums could be permanently increased. Here are four things you need to know:

All Posts