Medicare Cost Plans vs. Medicare Advanta...

If you receive a Medicare Cost plan, traditional Medicare plans will cover medical cost that incurred out-of-network. Depending on what state you are in, Medicare cost plan could offer the “best of both world” for older adults who want flexibility of keeping their traditional Medicare benefits while having access to out-of-network health care insurers. A key difference between Medicare Cost plans and Medicare Advantage plan is that beneficiaries will note be restricted to a plan’s network of health care providers. They may go outside of their networks to...

What you should know about Medicare̵...

This is an important time of year for every person on Medicare. Medicare’s open enrollment period for prescription drug plans also know as Part D and Medicare Advantage coverage is here. If you are happy with your current Medigap plan, you still should see what is available for 2015. Many plans are changing and you should check to see what they will cover and how much they cost. Those who are enrolling this year, should make sure the plan the select is best for their current situation, because your last year’s plan might not be best for you in 2015. Remember,...

Medicare Open Enrollment 2015

On October 9, 2014, Medicare revealed what the 2015 Part A and B deductibles as well as the new Part B premiums will be. The standard Part B premiums for 2015 will not increase it will remain at $104.90 each month. Also released were the new Part A and Part be deductibles. The new Part A hospital coverage deductible will increase from $44 to $1, 260, however Part B’s deductible will stay at $147.00. This is great news because Part B deductible tends to increase every year. Medicare skilled nursing for 2015 will be days 1-20 zero co pay and days 21-1– will...

Retirement Costs that won’t be inc...

Some great news for retirees who are on fixed budgets, which are often stretched by their medical expenses. Medicare Part B and all related deductibles for 2014 will remain the same as they were in 2013 and 2014. This means that retirees will not spend any of the costing of living increase in their Social Security benefits a 1.7% increase on higher Medicare premiums. Medicare does provide medical insurance for the retirees who are eligible who have attained age 65 and for certain disabled beneficiaries who are under 65.  Monthly premiums for 2015, Medicare Part B covers...

How ObamaCare can Affect Medicare in Mob...

For the residents in Mobile, Ala and are looking to change their prescription drug coverage or Medicare plans for 2015, your time is now. Medicare open enrollment is in full swing. In the Mobile area more than 75,000 are receiving Medicare benefits. They should be aware that this year is the most important year to pay attention to your coverage options. This is because of Obamacare. On January 1, 2014, after years of controversies and heated debates over the Affordable Care Act culminated with millions of Americans having access to health care coverage plans. While many...