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?
Who knows you best? Your spouse? Son or daughter? Best friend? If your primary care doctor doesn’t make the list, you could be missing out on one of the most important relationships when it comes to your health and well-being.
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.
Medicare eligibility begins at age 65 for most people. Boomers born in 1953 are next up to join the ranks of Medicare beneficiaries. Here’s what you need to know.
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.
It would be nice if Medicare Part D or Medicare Advantage plans could magically morph to meet each person’s changing health care needs or budget over time. You could pick a plan once and be done with it! Alas, that is not the way it works.
Unless you take action to change it during Medicare Open Enrollment (Oct. 15 – Dec. 7), your current Medicare coverage will renew for the following year. But are you sure you want it to?
By Philip Moeller
You arrive for an appointment with your doctor and the receptionist asks for your insurance card. The card you hand over could tell you a lot about your Medicare and other coverage.