What do you need to know about Medicare Prescription Drug Plan Changes 2018?

Medicare Prescription Drug Plan Changes 2017

Medicare Prescription Drug Plan (Part D) is used either as a stand-alone (Original Medicare with or without Medicare Supplement also known as Medigap), or as a part of Medicare Advantage with Prescription Drugs (MAPD). There are multiple Medicare Prescription Drug Plan changes in the Standard Benefit Plan for 2018. The Standard Benefit Plan is the prescription drug plan offering minimum allowable benefits. Read more…

Medicare Supplement Plans in Virginia – 2017

Medicare Supplement Plans in Virginia

Medicare Supplement Plans in Virginia, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. They provide protection against Original Medicare out-of-pocket costs; without them your Medicare costs could be very high. Medicare Supplement Plans in Virginia are sold by private insurance companies licensed in Virginia, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important. Read more…

Medicare Supplement Plans in Northern New Jersey – 2017

Medicare Supplement Plans in Northern New Jersey

Medicare Supplement Plans in Northern New Jersey, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. Without them your Medicare costs could be very high. New Jersey Medigap plans are sold by private insurance companies, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important. Read more…

Transamerica has dramatically reduced their Medicare Supplement Plan N Rates

Transamerica has dramatically reduced their Medicare Supplement Plan N Rates

Transamerica Premier Life Insurance Company (TPLIC) has more than a century of experience and known for a wide array of innovative financial and health services and products, including Transamerica Medicare Supplement plans. Like all Medicare Supplement vendors, Transamerica Medicare Supplement operates in the world of Standardized Medigap Plans.  There are 10 standardized plans denoted by letter (Medigap Plan A through Medigap Plan N), each with its own set of benefits.  They help with your out of pocket costs that are not covered by Original Medicare Part A and Part B. Whatever vendor you choose for your Medigap plan, benefits are defined only by the type of plan you’ve selected, and not by the carrier. But premium for the same Medigap plan can be very different from vendor to vendor. Read more…

Medicare Enrollment Periods for Part A and Part B

In this post we’ll review the Medicare Enrollment Periods for Part A and Part B

Initial Enrollment Period (IEP) for  Part A and Part B

The Initial Enrollment Period (IEP) for Parts A and B is 7 months, starting 3 months before the month of your Medicare eligibility and ending 3 months after the month of eligibility. The month of eligibility is the month of your 65th birthday.

The effective date of your Medicare coverage depends on when you enroll. The later you enroll, the later your benefits begin. Read more…

Medicare Supplement Plans in Delaware – 2017

Delaware Medicare Supplement Plans - Delaware Medigap Plans

Medicare Supplement Plans in Delaware, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. Without them your Medicare costs could be very high. Medicare Supplement Plans in Delaware are sold by private insurance companies, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important. Read more…

Welcome to Medicare Preventive Visit and Annual Wellness Visit

Medicare covers two types of visits. It covers a one-time, initial examination (known as Welcome to Medicare Preventive Visit) within the first 12 months you enrolled in Part B. It also includes a yearly appointment, known as Annual Wellness Visit, to discuss your plan of preventive care in the coming year. Annual Wellness Visit cannot be taken in the first year when you are eligible for the Welcome to Medicare Visit.  Both of them are NOT a head-to-toe physical. Read more…

Medicare Supplement Plans in Central New Jersey – 2017

Medicare Supplement Plans in Central New Jersey, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. Without them your Medicare costs could be very high. New Jersey Medigap plans are sold by private insurance companies, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important. Read more…