Here is a breakdown of how the Inflation Reduction Act of 2022 will impact how Medicare Beneficiaries pay for their prescription drugs: 1. Current vs. Future Costs: Right now, even if you hit your “out-of-pocket limit” for Medicare Part D, you might still have to pay 5% of your drug costs, which could add up [...]
Turning 65? Congratulations! You've unlocked Medicare, the magical healthcare world promising peace of mind. Except, instead of finding an oasis, you're staring at a mountain of confusing options. Don't worry, you're not alone. Choosing the right Medicare plan feels like scaling Mount Everest in your slippers – possible, but definitely not easy. Why the [...]
Here are my thoughts as it relates to the "Medicare Hotline" commercials that are typically shown during Medicare's Annual Enrollment Period every year: [fvplayer id="1"]
A little known rule, called “seamless conversion,” allows insurance companies to automatically switch members of its non-Medicare insurance plans into their Medicare plans when they reach 65, the age of Medicare eligibility. Source: It’s a Medicare surprise for senior citizens not paying attention | The Charlotte Observer
