Health insurance for people with Medicare is necessary. It can be shocking to learn that Medicare doesn’t cover everything. But, when you have a quality health policy to complement your Medicare, you’ll find that costs are much lower and more predictable. There are different types of Medicare health plans, and we’re going to discuss the…
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There are many reasons why some states have more expensive Medigap plans than others. The rules in some states vary, and the cost of living can also play a factor. If you live in a state where Medigap premiums are higher, it’s likely going to provide you with more value. The cost of healthcare is…
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While much of the rest of the budget is a significant deficit, Social security surplus enables the government to acquire less from the public to fund the deficit. Some Social Security benefits use a specific government trust fund to secure payments to beneficiaries that qualify for subsidies under different definitions. Beneficiaries that are eligible for…
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Preserving Social Security and Medicare is the main goal for one group in America. And, it’s a good thing, since Americans have a concern about Social Security. But, Americans aren’t the only ones with concern. The Social Security Board of Trustees says funds may deplete by 2037. So, you may be wondering if there’s any…
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Many people wonder if they can use a prescription discount card along with their Part D. While the answer is, yes, it may not be that easy. You can use a prescription drug card even if you have Part D, but you can’t use both at the same time. Choose to use the option that…
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The Medicare tax rate for 2020 is something that the IRS will determine. The amount is subject to change at any point. Medicare taxes only apply to the income you earn, not your property or inheritance income. Medicare taxes are a payroll tax. Meaning, an employer and an employee both contribute to the tax. But,…
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Recently, President Trump announced a new trade deal to reduce insulin costs. The deal is between health care plans and insulin manufacturers. And the result? Starting next year, those with Diabetes can enroll in Medicare plans with caps on insulin charges. Copays will not be more than $35 each month. According to the White House,…
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Currently, you won’t be able to join a Medicare Advantage plan if you have End-Stage Renal Disease. But we can expect to see significant changes coming within the next year. The 21st Century Cures Act allows those with End-Stage Renal Disease to enroll in Advantage policies. Before, these beneficiaries could only get an Advantage policy…
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4 Proposed Medicare for All Alternatives could be the beginning of universal healthcare. By now you’ve probably heard of Bernie Sanders’ (D-VT) “Medicare for All,” a proposal to create a public health insurance program that’s free for everyone. Well, that’s not the only legislation that would expand the current Medicare program. debate Democrats in Congress…
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Medicare’s Biggest Challenges Today from Medicare Industry Experts Applying for Medicare for the first time can be challenging. For most, employer coverage is what is they use before receiving Medicare. Employer benefits can be different than the plans available through Medicare. While some can get a Medicare Group plan through an employer, most do not…
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