When it comes to enrolling in Medicare, it’s important that you learn about all your options. Feeling confident and secure in your decision often comes when you’ve done the research and know about Medicare. Fortunately, one of the best parts of Medicare is that they evaluate their plans yearly. This means that you’ll also be …
The Medicare program is divided into different parts: Original Medicare (Parts A and B), Medicare Advantage (Part C), Part D, and Medigap. Medicare beneficiaries purchase Medicare Advantage plans from private insurance providers that Medicare approves. Medicare Advantage plans combine the coverage from Original Medicare, in addition to other services. To enroll in Medicare Advantage, you …
What are the Pros and Cons of Medicare Advantage? Read More »
Cornerstone Senior Advisors has the tools and resources to help you find the right Medicare plan and enroll in Medicare with confidence. Contact us today to schedule your appointment. Plan Comparison As a new Medicare beneficiary, you’ve gotten to know the basics about Medicare Part A, Part B, Medicare Advantage, Medicare Part D prescription drug …
The income-related monthly adjusted amount (IRMAA) is the amount Medicare beneficiaries have to pay on their Part B and Part D premiums if their income is above a certain level. The SSA determines your IRMAA based on the earnings you report on your income tax returns from two years ago. This includes the adjusted income …
Medicare costs aren’t the same for everyone. While everyone gets the same coverage benefits with Medicare Part B, the premium costs depend on earnings as reported on your tax filings for the year 2020. Amounts are also assigned based on the tax filing status. Those who earn more will pay more. This increase is known …
Nothing lowers costs quite like Medigap. Medigap, or Medicare Supplement Plans, provide a great way to reduce out-of-pocket costs. However, there is only a certain window of time in which you will be able to get it without the possibility of rejection. If you’re enrolling in Medicare in 2022, Medigap is worth considering. When Can …
When Is The Best Time To Enroll In Medigap In 2022? Read More »
Unlike Original Medicare (Part A and Part B), Medicare Part C (also known as Medicare Advantage) and Part D are only available through private insurance. Because of this, changes in costs will vary based on the plan and insurer. However, there are some ways in which you will see definite price changes for 2022. What …
Every year, there are changes to the costs of Medicare. Here, we will go over the changes you can expect to see with Medicare Part A and Part B costs in 2022. What Are Part A’s 2022 Costs: Part A will have changes in these costs: Premiums Deductibles Coinsurance Premiums: If you have premium-free Part …
When you become eligible for Medicare, you can enroll in Medicare Part A, which covers hospital costs, and Part B, which is medical insurance. However, neither of these plans covers the cost of prescription drugs. One option for getting coverage for your prescription drugs is by adding Medicare Part D to your overall plan. If …
When Can I Join a Medicare Advantage Prescription Drug Plan? Read More »
The Annual Enrollment Period (AEP) is the period between October 7 and December 15, when existing Medicare beneficiaries have the opportunity to review their current Medicare plans and make changes if necessary. It’s tempting, if you’ve been with your current Medicare plan for a while, to let the AEP slip by without notice and let …
