According to the Vision Council of America, almost 75% of adults use some type of vision correction. Regardless of whether they are glasses, contact lenses or reading glasses, that number is quite high.
Medicare and Medicaid are both government health insurance programs that provide coverage to people with limited financial resources. The differences may seem slight at first, but they can be significant for beneficiaries.
Many people are not sure which type of health insurance they should get when they reach 65. Unfortunately, the road doesn’t get any easier as a person ages because plans can change drastically from year to year.
Medicare Part B Premium Giveback, also called Part B Premium Reduction, is offered through Medicare Advantage (Part C) plans that provide you with some or the entirety of your Medicare Part B premium.
The timeframe for enrolling in a Medicare plan is called an enrollment period. There are a handful of different enrollment period options that exist for Medicare recipients. However, each enrollment period throughout the year is very specific.
Medicare Part B covers outpatient hospital services, physician services, outpatient hospital services, durable medical equipment, certain home health services, durable medical equipment, and other particular medical and health services.
The primary opportunity you have to enroll in Medicare is called the “Medicare Initial Enrollment Period,” or IEP. This is a 7-month window of time. It begins 3 months before you turn 65, your birthday month, and then 3 months after.
Medicare Part A and Part B (Original Medicare) are classified as federal healthcare programs. They do not utilize specific provider networks. What this means for you is that the benefits provided under these plans remain the same.
Managing your healthcare needs on a tight budget can lead to a lot of stress. When it comes to this problem, you are not alone. Many seniors struggle with increasing prescription drug costs, high deductibles, and very expensive copays.
Retirement can be an exciting time for many people. Along with retirement comes figuring out what health coverage path to ultimately take. Some people may still be working past retirement age, so it can be confusing.