You’re turning 65 and it’s time to sign up for Medicare. Depending on your situation, there are parts of Medicare you may not need right away, like Part B if you are still working and have employer-sponsored coverage. However, if you don’t figure out your personal needs and miss your Initial Enrollment Period, you may have to pay penalties for as long as you have Medicare.
If you’ve got a chronic condition that requires a lot of medication, chances are you’ve got your prescription drug plan figured out. If you’re in tip-top shape and don’t take a single pill, what’s the point? When it comes to prescription drug coverage and Medicare, if you don’t sign up when you’re first eligible, you could pay more down the road through penalties.
Do you spend your Sunday mornings scouring the newspaper inserts for coupons at the local grocery store? Make it a point to confirm you get all possible discounts when booking hotel reservations? Love getting the senior discount at the movie theater?
Raises have been scant or nonexistent in recent years for people taking social security. That’s why many were glad to hear about the 2 percent social security cost-of-living adjustment (COLA) for 2018. But some people on Medicare may be surprised. Here’s why.
Original Medicare (Part A and Part B) doesn’t cover everything. Some people choose to buy Medicare supplement insurance (also called Medigap) to help pay some of the expenses that Medicare doesn’t pay.
If you made changes to your Medicare plan during Medicare Open Enrollment, you may be wondering what’s next. About 10 days after you enroll, you may get a phone call or letter from your Medicare insurance company. This is to make sure you understand your new plan. It is also a chance for you to give any information missing from your application.
Blood sugar testing is a way to keep track of how well diabetes is being managed. Test results help to show how food, physical activity and diabetes medications affect blood sugar.
The Part D coverage gap – or “donut hole” – is a payment stage with Medicare prescription drug plans and a big budget concern for many people. It’s a period of time when the main cost burden for prescription drugs shifts from the plan to the plan member.
As you’re enjoying the splendid fall season and pumpkin-spice everything, don’t forget that autumn also means open enrollment for health insurance. And if you’re eligible for both Medicare and Medicaid, you should know about an option that could offer a convenient, affordable approach to managing your health care.