Avoid this big mistake in retirement. Many people think that Medicare and Social Security (SS) benefits coincide as far as when you should enroll. However, that isn’t the case at all. In fact, there are different rules and variables within the two programs that make it easy to confuse the two. While the age requirement to receive Medicare is 65, you can sign up to … [Read more...]
GEP, IEP, Part A, Part B: The Maze of Medicare Enrollment
Medicare General Enrollment Period: 1/1 - 3/31. While some people can qualify early for Medicare due to disability or certain health conditions, most new enrollees in Medicare are people aging in at 65. This can be a confusing time. Most people have never had to make the health insurance choices that Medicare requires. Although Medicare sends a “Medicare and You Handbook” … [Read more...]
How Prescriptions are Covered by Medicare
Understanding Medicare Part D. For over 40 years, Medicare offered no retail prescription drug coverage. Can you imagine? While Medicare Part B has always covered medications administered in a doctor’s office or hospital setting, just a few years ago our nation’s seniors often paid 100% out of pocket for their outpatient medications. It was not uncommon for people to … [Read more...]