2023 Medicare Parts A & B Premiums and Deductibles IRMAA

The Centers for Medicare & Medicaid Services released the 2023 premiums, deductibles, and coinsurance amounts for Medicare Part A & B on September 27. CMS also announced the Medicare Part D Income-Related Monthly Adjustment Amounts. The new rates would go into effect in January of next year. Medicare Part B Premium and Deductible Medicare Part

2023 Medicare Parts A & B Premiums and Deductibles IRMAA
How Medicare Coordinates Primary and Secondary Coverage

Medicare is usually the primary payer, except in certain situations. Understanding how Medicare coordinates health benefits with other types of coverage is essential because, depending on your additional insurance, Medicare may be a secondary payer. In the content below, we’ll discuss the difference between primary and secondary, explain the coordination of Medicare benefits with other

How Medicare Coordinates Primary and Secondary Coverage
Medicare Defined Copays: Here’s What You Can Expect

Medicare is a form of health insurance for adults 65 and older in the United States. Medicare covers a hefty amount of your healthcare expenses. But you may still have many healthcare costs to cover from your pocket. One of the out-of-pocket costs you may need to pay will be a copay for various health

Medicare Defined Copays: Here’s What You Can Expect
When Does Medicare Start?

Most Medicare beneficiaries will start Medicare at or after age 65. But as we age and approach retirement, we have many questions and concerns. The most important are healthcare coverage, costs, and social security benefits. After all, we don’t get healthier as we age. Today we’ll discuss when Medicare starts and what you should do

When Does Medicare Start?
Medicare Defined Coinsurance: How it Works

Medicare can be pretty complex, and you’ll likely find terms you’ll need to familiarize yourself with regarding your coverage. Coinsurance (also known as cost-sharing) is one of the many terms you’ll see when dealing with your coverage. Below we’ll discuss how Medicare defines coinsurance and how it works. How Medicare Coinsurance Works Much like other

Medicare Defined Coinsurance: How it Works
5 Items and Services Not Covered by Medicare

The Medicare program provides fantastic coverage options for Medicare beneficiaries. However, many are surprised when they discover that it doesn’t cover everything. Below we’ll review five items or services that Medicare doesn’t cover. As we go through, we’ll explain ways that you can secure coverage for items and services not covered by Medicare. 5 Services

5 Items and Services Not Covered by Medicare
Medicare Programs Covered by ACA Section 1557

Racial disparity is a concern when it comes to affordable and quality healthcare. The Affordable Care Act (ACA) aimed to close this gap and ensure nondiscrimination protections for everyone regardless of race, age, disability, color, natural origin, or sex. The final rule posted by the U.S. Department of Health and Human Services (HHS) Office for

Medicare Programs Covered by ACA Section 1557
Medicare Coverage for Children

While it’s rare, it’s still possible for children to qualify for Medicare coverage. There are some requirements they must meet to be eligible for Medicare enrollment. However, many dependents will find coverage through the Affordable Care Act, Medicaid, or the CHIP program. Is there Medicare Coverage for Minor Dependents? Original Medicare only covers minor dependent

Medicare Coverage for Children
What is a Medicare Defined Deductible?

Diving into the world of Medicare can sometimes seem overwhelming and, at times, stressful. The good news is it doesn’t have to be. You may find you’re unfamiliar with many of the terms related to Medicare, and that’s where we come in. Below we’ll look further into what a Medicare deductible is and what this

What is a Medicare Defined Deductible?
How to Reduce Your Medicare Premiums

It’s possible to reduce your Medicare premiums during the Annual Enrollment Period (AEP), and some beneficiaries may be able to reduce premiums sooner. Medicare costs can add up quickly; Medicare Part B, Part D prescription drug plans, and Medigap all have an additional monthly premium. Whether you have Original Medicare or additional Medicare insurance, we’ll

How to Reduce Your Medicare Premiums