The steps to planning for Medicare
U.S. citizens and legal residents who have been in the U.S. for at least 5 consecutive years become eligible for Medicare at age 65, unless they’re disabled. In cases of disability, a citizen or legal resident under 65 qualifies automatically for Medicare Part A and Part B after receiving Social Security or certain Railroad Retirement Board disability benefits for 2 years.*
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Coordinating your benefits made simple
Having more than one source of healthcare coverage after you turn 65 is good. Knowing which source will pay your healthcare expenses first is better. Is it Medicare? Medicaid? Your employer’s health plan? Something else? (more…)
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Tips for enrolling in a Medicare Part D plan
Key Dates for Medicare Part D Annual Enrollment Period
Plan Information Available:
Note: The late enrollment penalty is 1% of the national average premium for every month you were without Part D prescription drug coverage or other creditable prescription drug coverage following your initial enrollment period, or if you had a break in creditable prescription drug coverage of 63 or more consecutive days. Creditable prescription drug coverage (for example, from an employer or union) means that it is expected to pay, on average, as much as Medicare’s standard prescription drug coverage. You will pay this late enrollment penalty for as long as you have Part D coverage.
Enrolling in a Medicare Part D prescription drug plan (PDP) is an important process that requires time and research, but it shouldn’t be a difficult one if you’re prepared well in advance for any potential bumps in the road. Unfortunately, nine in 10 people wait until the last minute to select a plan. (more…)
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Choosing the right Part D plan from the start
For most Americans, Medicare eligibility begins at age 65. So if you’re nearing or at that age, now is the time to consider what your future healthcare needs will be. (more…)
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