Here is a breakdown of how the Inflation Reduction Act of 2022 will impact how Medicare Beneficiaries pay for their prescription drugs: 1. Current vs. Future Costs: Right now, even if you hit your “out-of-pocket limit” for Medicare Part D, you might still have to pay 5% of your drug costs, which could add up [...]
While everyone's circumstances are different, these are some of the common pitfalls that can have significant consequences: 1. Auto-Pilot Renewal: Ignoring plan changes and automatically renewing your current plan year after year can be costly. Networks, costs, and covered services can change annually. Regularly comparing your current plan with others ensures you're still getting [...]
Turning 65? Congratulations! You've unlocked Medicare, the magical healthcare world promising peace of mind. Except, instead of finding an oasis, you're staring at a mountain of confusing options. Don't worry, you're not alone. Choosing the right Medicare plan feels like scaling Mount Everest in your slippers – possible, but definitely not easy. Why the [...]
Here are my thoughts as it relates to the "Medicare Hotline" commercials that are typically shown during Medicare's Annual Enrollment Period every year: [fvplayer id="1"]
A little known rule, called “seamless conversion,” allows insurance companies to automatically switch members of its non-Medicare insurance plans into their Medicare plans when they reach 65, the age of Medicare eligibility. Source: It’s a Medicare surprise for senior citizens not paying attention | The Charlotte Observer
Medicare usually only covers things that are deemed medically necessary by your doctor or another health care professional. But what's considered "medically necessary"? Source: I keep falling. Will Medicare cover a home health aide? | PBS NewsHour
From time to time I get asked the question "are Medicare premiums tax deductible?", so I figured I'd write this quick post about the topic. Let me first start off by saying that I am not a CPA, tax preparer or tax professional in any capacity whatsoever. Since everyone's tax situation is different, I strongly encourage [...]
[fvplayer src="https://youtu.be/vZjVAh5htRM"] Should you need help selecting a Medicare Part D plan, feel free to get in contact with me for help.
