Comparison of how community rated and attained age rated Medicare Supplement plans differ and discount to make them competitive.
Posts related to Medicare Supplement or Medi-Gap plans that cover the health care costs that Original Medicare does not.
In a switch from saving in a bad health year, Plan A with lower benefits delivers more savings than Plan G for the 65-year-old. This is because the premiums are lower and the only Medicare expense category covered is the Part B coinsurance. At age 75, because of the higher premiums, it costs the plan member more in premiums for the Medicare Supplement Plan A or G than the plans deliver in cost savings.
The great thing about Medicare is that you can build your train the way you want. You can change the train cars every year. But the important aspect is that you own the Medicare engine. You are the engineer and you can build your train the way you want it.
The underwriting holiday only excludes the Statement of Health questionnaire, other conditions may prohibit enrollment. For example, Mary, may have cancelled her Medicare Advantage plan during the Medicare Open Enrollment. Mary suffers from rheumatoid arthritis. With the underwriting holiday, she does not have to answer the Statement of Health questions, one of which is if she has rheumatoid arthritis.
If you have to move out of your county because of the wildfires you may be entitled to a Special Enrollment Period. California is broken into 19 different rating regions. Los Angeles County is actually two regions, 15 and 16. If you move to a different region, you have a qualifying event for a Special Enrollment Period IF you already have health insurance.
The final extra is the personal emergency response system (PERS). PERS is an emergency alert system that can be activated at the push of a button. It can work with an in-home landline, cellular network, and includes mobile GPS to identify the user’s location. The most advertised use for the personal emergency alert system is if the person falls and can’t get up. This can happen in the person’s home, while they out walking around the neighborhood, or hiking on a trail.
Anthem Blue Cross of California has introduced a Medicare Supplement plan that offers vision and hearing benefits. Medicare Part B does not cover eye glasses or hearing aids. The vision and hearing benefits are included in the California Blue Cross Innovative Plan F Medicare Supplement. Glasses And Hearing Aids One of the great frustrations for […]
This high level overview and will not address every situation that a Medicare beneficiary may find them self in. This short primer is meant help you understand the different parts of Medicare and how they work, or don’t work, together. The following information can also be found in the Medicare and You Handbook.
Individuals who recently acquired Parts A and Part B of Original Medicare may find they have to pay more per month than their existing ACA health plans. Under the ACA rules, once someone accepts Medicare, they must exit any ACA health plan they purchased through the exchange and the tax credits that make it affordable. […]
When searching for supplemental health benefits like dental and vision insurance, be cautious of paying additional fees or joining membership associations tied to the insurance. VSP vision insurance, Delta Dental and AARP all have marketing agreements that mandate the purchase of an association membership or one-time fee. These associations may offer little value to the member and only serve as another revenue stream for the issuing company.