Tag: Medicare
Are Nursing Homes Covered By Medicare?
It’s estimated that 70% of seniors 65 and over will need some type of long-term care in their lifetime, and that includes nursing home stays. Now if you’re eligible for Medicare, you might assume that if you wind up in a nursing home, your costs will mostly be covered. But actually, that’s not true. Unfortunately, there are a lot of services traditional Medicare doesn’t cover, and nursing home care is one of them. If you really want to protect yourself from this potentially colossal expense, then you’ll need to consider investing in long-term care insurance. Continue reading “Are Nursing Homes Covered By Medicare?” »
Hurricane beneficiaries granted Special Enrollment Period by CMS
CMS has established the following special enrollment period (SEP) to support Medicare beneficiaries impacted by hurricanes Harvey, Irma, and Maria. Continue reading “Hurricane beneficiaries granted Special Enrollment Period by CMS” »
12 Medicare Facts All Seniors Should Know
Medicare provides insurance coverage to 56 million Americans, yet many people don’t know everything they should know about this valuable program. Here are 12 important facts about Medicare that can help you make the most of your Medicare benefits. Continue reading “12 Medicare Facts All Seniors Should Know” »
Retirement Expenses Most People Underestimate
When we think about retirement, many of us are wired to assume that our costs will naturally drop as a result of no longer working. But we may be overestimating the extent to which that might happen. While it’s true that some expenses, like commuting, go down in retirement, others are, in fact, likely to climb. Here are five in particular that tend to catch retirees off guard.
Continue reading “Retirement Expenses Most People Underestimate” »
What You Need To Know: MEDICARE vs. MEDICAID
Understanding Medicare vs. Medicaid for maximum benefits
Medicare and Medicaid can be confusing, partly because the names sound so similar. But they’re two very different government healthcare programs. Medicare focuses on adults age 65 and older and Medicaid focuses on low-income individuals and families. The benefits, costs, and eligibility requirements are different for each program. Neither program has automatic enrollment so it’s important to understand what each one offers. Knowing which to apply for helps maximize your healthcare benefits.
Continue reading “What You Need To Know: MEDICARE vs. MEDICAID” »
Social Security Disability Benefits: What You Need To Know
Many people plan for their future by investing money in the stock market, paying off their home and mapping out the travel and adventure they will experience in retirement. Yet, few people plan for the possibility of becoming disabled and unable to work. Studies show one in four of today’s 20-years-olds will become disabled before the age of 67, yet 70 percent of the private workforce has no long-term disability insurance and does not understand the disability benefits that are available to them through the Social Security Administration (SSA).
Continue reading “Social Security Disability Benefits: What You Need To Know” »
What Does Medicare Part D Cost and Cover in 2017?
A detailed review of how Medicare’s prescription-drug benefit works.
Millions of Medicare participants currently rely on Part D to help them pay for prescription drugs. However, it can be difficult to understand all the elements associated with this program, since it operates slightly different from most other parts of Medicare. Still, it’s important for all current and future recipients to know what Part D will cover and how much it cost. Continue reading “What Does Medicare Part D Cost and Cover in 2017?” »
