Medi-Cal breaks up the income into unearned income, earned income, in kind income, and exempt income. Finally, there are certain expenses that will reduce the final countable income for eligibility in the Medicare Savings Program.
Medicare
Posts focusing on Medicare Parts A, B, C and D, Medicare Advantage, Supplements, changes in benefits, enrollment.
The Extra IRMAA Cost for Medicare Part B and D Enrollments
Pat and Don are a married couple. Pat is age 67 and Don is age 64. Pat retires from work and leaves the employer group plan. Pat activates Part B of Medicare. For the last filed tax year, the modified adjusted gross income for Pat and Don was $350,000. Pat will be subject to an Income Related Monthly Adjustment Amount for the Part B and Part D.
Medicare Part B Enrollment after You leave Employer Health Plan
Once you leave your job and the health plan, you must enroll in Part B in order to enroll in a Medicare Supplement or Medicare Advantage plan. In this situation, enrollment can be a little confusing.
Paths to Health Insurance in California
The paths to health insurance in California: Medi-Cal, IFP, Employer, Medicare, overview.
How the Part D Prescription Drug Plans Work
Of all the Medicare plans, the Part D Prescription (PDP) plans are the most confusing. The confusion arises because Medicare allows the Part D plans to offer alternate plans that differ from the standard plan. The alternate plans must be as good as the standard plan for the average Medicare beneficiary. Cost Sharing of the […]
Medicare Advantage Escape Hatch
If you find yourself in a Medicare Advantage plan you do not like, you have an escape hatch to another plan. The Medicare Advantage Open Enrollment Period is a short period of time when you can escape from your current enrollment, switch to another Medicare Advantage plan, or return to Original Medicare with a Part […]
Fixing the Medicare Leaky Roof of Health Care Costs
Medicare Advantage plans, that cannot be paired with a Medicare Supplement plan, is another way to divert much of the storm of health care costs to the gutters and downspouts. The Medicare Advantage plans usually have the Part D drug plan embedded within the total package. There will still be some leaks from copayments and coinsurance with the Medicare Advantage plans.
The FairStreet Medicare Advantage
The team at FairStreet had to overcome my built-in skepticism. One aspect of their company that they inadvertently revealed to me was that they were not a sales company. They had a different approach and perspective. The emphasis was on providing clear information for appropriate analysis of Medicare options. This is what we need in the senior Medicare market. We need less emphasis on sales and more focus on education, information, and beneficiary compatibility with the Medicare plans.
Medicare Prescription Drug Extra Help for 2023
There are 2 levels of extra help, full and partial. With full extra help, there is no plan premium, plan deductible (if the Part D plan has one), and prescription drug costs are capped at $4.15 for a 30 day supply of generics and $10.35 for brand-name drugs.
Community Rating Versus Attained Age Medicare Supplement Rates
Comparison of how community rated and attained age rated Medicare Supplement plans differ and discount to make them competitive.
