Medicare Resources for Boomers and Seniors
This area helps you better understand the benefits of Medicare and helps you in your decision making regarding Medicare supplemental insurance. It answers questions with respect to “the doughnut hole” and prescription drug coverage. There are many links to the appropriate pages on the U.S. Government Medicare site, which will connect you to the appropriate information you are seeking.
How to Choose the Right Medicare Plan
You think Social Security’s rules for claiming benefits are complicated? They’re nothing compared to Medicare, says Philip Moeller, author of the massively helpful new book, Get What’s Yours for Medicare.
“Once you’ve picked your Medicare plans, you’re not done at all. Not only do you need to learn how to use them, but you should evaluate them on a regular basis to ensure you have the best coverage year in and year out.”
“Once you’ve picked your Medicare plans, you’re not done at all. Not only do you need to learn how to use them, but you should evaluate them on a regular basis to ensure you have the best coverage year in and year out.”
Medicare Supplemental Insurance Information
Medicare Open Enrollment Ends Soon (December 7). Medicare Supplemental Insurance extends coverage over healthcare costs that Medicare doesn’t cover. Different plans offer different amounts of coverage and the costs can vary substantially. Click here to find the best plan to fit your needs and get an actual quote.
Click here to find the best plan to fit your needs and get an actual quote.
The open enrollment period is a good time to look to see whether the plan will continue to be offered next year and, if so, look to see how your plan might be changing in terms of the premiums you pay every month to be enrolled as well as the costs you pay for coverage, including the annual deductible and the costs that you pay for your prescription medications. Beneficiaries have an opportunity to switch Part D plans each year during open enrollment.
Click here to find the best plan to fit your needs and get an actual quote.
The open enrollment period is a good time to look to see whether the plan will continue to be offered next year and, if so, look to see how your plan might be changing in terms of the premiums you pay every month to be enrolled as well as the costs you pay for coverage, including the annual deductible and the costs that you pay for your prescription medications. Beneficiaries have an opportunity to switch Part D plans each year during open enrollment.
Advice on Medicare and Living Abroad
Source: http://www.medicareinteractive.org/get-answers/medicare-and-other-types-of-insurance/medicare-and-living-abroad/medicare-coverage-when-living-abroad
If you live outside the United States, you should understand how your Medicare is affected and should make decisions about your enrollment in Medicare. If you qualify for Medicare, you can have Medicare Parts A and B, also known as Original Medicare, when you live abroad—whether you enroll before you leave the United States or after you move to a foreign country. However, Medicare does not typically cover medical care you receive outside of the United States.
To decide if you need your Medicare while living abroad, you need to consider costs, your individual circumstances, and future plans. Most people pay no premium for Part A coverage for inpatient hospital services. It is usually best to keep Part A, even if you are moving abroad, since it will not cost you anything. To have Part B coverage, you must pay the Part B premium. You may also need to keep Part B, especially if you plan to move back to the United States in the future or travel here frequently.
Keeping Medicare when you live abroad will ensure that Medicare is ready to pay for your care if you return to the United States to live or travel. If you fail to pay for Part B while overseas, you may go months without health coverage if you move back to the United States. You may have to wait until the General Enrollment Period (January 1 – March 31 of every year) to enroll and then wait until July 1 for your Part B coverage to start. Also, if you do not keep Part B while living overseas, upon your return, you may face lifelong premium penalties that will make your Medicare coverage more expensive.
If you live outside the United States, you should understand how your Medicare is affected and should make decisions about your enrollment in Medicare. If you qualify for Medicare, you can have Medicare Parts A and B, also known as Original Medicare, when you live abroad—whether you enroll before you leave the United States or after you move to a foreign country. However, Medicare does not typically cover medical care you receive outside of the United States.
To decide if you need your Medicare while living abroad, you need to consider costs, your individual circumstances, and future plans. Most people pay no premium for Part A coverage for inpatient hospital services. It is usually best to keep Part A, even if you are moving abroad, since it will not cost you anything. To have Part B coverage, you must pay the Part B premium. You may also need to keep Part B, especially if you plan to move back to the United States in the future or travel here frequently.
Keeping Medicare when you live abroad will ensure that Medicare is ready to pay for your care if you return to the United States to live or travel. If you fail to pay for Part B while overseas, you may go months without health coverage if you move back to the United States. You may have to wait until the General Enrollment Period (January 1 – March 31 of every year) to enroll and then wait until July 1 for your Part B coverage to start. Also, if you do not keep Part B while living overseas, upon your return, you may face lifelong premium penalties that will make your Medicare coverage more expensive.