Good News for Medicare Part D in 2019
Medicare beneficiaries with high annual prescription drug costs will get some relief, a year earlier than expected, as a result of the budget deal President Trump signed in August. Medicare Part D beneficiaries who have high prescription drug expenses currently have to pay more once the total cost of their medicines reaches a certain threshold. … Read more
4 Reasons to Use a Local Independent Agent to Help You With Medicare
Are you getting bombarded with mail and phone calls about signing up for a Medicare Plan? Are you confused by all of the information and don’t know where to start? If you use a local Independent Agent that specializes in Medicare Plans, your transition to Medicare will be easy and stress free. Here are 4 … Read more
New Medicare Numbers and Cards are Coming!
Beginning in April, and continuing for a year, the federal Centers for Medicare and Medicaid Services (CMS) will mail new identification cards to Medicare’s 55 million beneficiaries. These cards will replace the version in effect since 1965. (Historical note: The first Medicare card was issued to former President Harry S. Truman by then-President Lyndon B. … Read more
Five costly mistakes new Medicare enrollees make!
1. Enrolling in Medicare Part B at the wrong time. You should enroll in Medicare Part B three months prior to your 65th birthday, unless you will continue to have group health insurance coverage through your or your spouse’s employer. If your employer has fewer than 20 employees you may still need to sign up … Read more
I have a company medical plan, do I still need Medicare Part B?
I am currently on my company’s medical plan and turning 65. I plan on working for several more years and staying on the company’s medical plan, do I have to sign up for Medicare Part B now? In most cases no, as long as you have group health insurance provided by your employer you can … Read more
Medicare surprise for senior citizens not paying attention!
Seniors, open your mail and read it carefully. What you don’t know can hurt you. A special Medicare provision that allows private health insurance companies to enroll individuals who become eligible for Medicare into their Medicare Advantage coverage is costing surprised patients lots of money, according to news reports. The little known rule, called “seamless … Read more
Top 7 Benefits for Texans 65 and Better
Top 7 benefits for Texans 65 and better What are the top 7 benefits for Texans 65 and better? When Texans turn 65, they qualify for many well deserved perks like Medicare Part A and B, Social Security, Property Tax Exemptions, and numerous other discount programs. Let’s take a closer look at these benefits. 1. … Read more
This Social Security Spousal Benefits Loophole Closes Forever on April 30th
For ages, there’s been a not-so-secret loophole for Social Security spousal benefits. It’s called “File and Suspend,” and it will soon be coming to an end. As you’ll see, the loophole has the potential to be quite lucrative, and if you’re thinking about using the strategy, your window for doing so is rapidly closing. The … Read more
Can I pay for Medicare premiums with my HSA?
Yes, you can use your Health Savings Account (HSA) distributions to pay for Medicare Part B premium, Medicare Advantage plan (Part C), and prescription drug plan (Part D). You can also continue to use you HSA to pay for Medicare expenses such as co-payments, co-insurance, deductibles, and even long-term care insurance. However once enrolled in … Read more
