Liberty Medicare Blog - All you need to know about Medicare Plans

What are Medicare Changes in 2024?

What are Medicare Changes in 2019?

The post below describes 2024 Medicare changes for Premiums and Costs for Medicare Part A, Part B as well as for Part D.

Article Contents

Medicare Part A Cost 2024
Medicare Part B Premium and Cost 2024
Medicare Part D Cost 2024
Medicare Part D Premium 2024
US Government Sources

Medicare Part A Cost 2024

Changes for Medicare Part A Cost in 2024 include:

Part A premium
- For individuals with 40 or more quarters of Medicare-covered employment: $0 per month ($0 in 2023)
- For individuals with 30-39 quarters of Medicare-covered employment: $278 per month ($278 in 2023)
- For individuals with less than 30 quarters of Medicare-covered employment: $505 per month ($506 in 2023) Read more…

What is Medicare Part D for 2024?

What is Medicare Part D for 2019?

Medicare Part D Plan is used either as a stand-alone plan (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 Part D Plans based on the Standard Benefit Plan. The Standard Benefit Plan is the prescription drug plan offering minimum allowable benefits. Read more…

Medicare Part D Premium and Part B Premium by Income – 2024

Medicare Part B and Part D premiums by income - 2019

The post below describes 2024 Medicare Part D premium and Part B premium based on income.

Medicare Part B Premium based on Income – 2024

The standard Part B premium amount in 2024 is $174.70. Most people will pay the standard Part B premium amount. If your Modified Adjusted Gross Income (MAGI) as reported on your IRS tax return from 2 years ago (i.e., 2022) is above a certain amount, you’ll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your premium. Read more…

Medicare Low Income Subsidy (LIS) – 2024

Medicare Extra Help (Low Income Subsidy) for 2019

The Federal Medicare Extra Help program also referred as the Medicare Low Income Subsidy (LIS) program, is for people with full Medicaid coverage as well as for people who are not on Medicaid but who have limited income. (See Medicare Extra Help / Low Income Subsidy (LIS)).

Initial Coverage Election Period (ICEP) and delayed Part B enrollment

UPDATED Oct. 26, 2023. The Initial Coverage Election Period (ICEP) is a one-time event that defines the opportunity to enroll in the Medicare Advantage plan. It is described quite clearly; as long as you register in both Medicare Part A and Part B at the same time. But what if you plan to delay Part B enrollment? Then the time frame for ICEP is not as simple. Read below. Read more…

How to Apply for Medicare Online

UPDATED July 23, 2024. If you are within three months of age 65 or older, you can apply for Medicare online no matter whether you receive your Social Security benefits.

1. My Social Security Account

First, you will need to create my Social Security account or login into the existing one. (You may use the following link to create your account: https://www.ssa.gov/myaccount).

The following video will help you:

How to create My Social Security Account

https://www.youtube.com/watch?v=1i5ZvVIERxE

2. Applying for Medicare

Where should I ask Questions – Social Security or Medicare?

Who do I contact – Social Security or Medicare? Social Security offers retirement, disability, and survivors benefits. Medicare provides health insurance. Because these services are often related, you may not know which agency to contact for help. The Social Security link below points you to the chart that can help you quickly figure out where to go.

Social Security or Medicare Read more…

Do Medicare Supplement plans have Pre-existing Conditions?

A pre-existing condition is a health problem you have before the new insurance policy plan starts. What are Medicare Supplement plans pre-existing conditions? It depends on the time of enrollment in the Medicare Supplement (Medigap) plan. Consider three different scenarios: Medicare Supplement Open Enrollment Period, Guaranteed Issue Right, and Medical Underwriting. Read more…

Does Medicare cover Silver Sneakers?

Medicare Silver Sneakers

SilverSneakers ® is a comprehensive program for seniors to participate in physical activities. It is probably the best-known fitness program. SilverSneakers® membership includes access to every participating gym and fitness center in the network at more than 16,000 locations. Does Medicare cover Silver Sneakers? Read more…

After AEP: Non-Renewal SEP and MA-OEP – 2019

After AEP: Non-Renewal SEP and MA-OEP - 2019

Annual Enrollment Period (AEP) (also known as Medicare Open Enrollment Period) ended on Dec.7, but there are still plenty of opportunities for some individuals to make changes in their Medicare health plans. Two immediate options are Non-Renewal SEP (Special Enrollment Period) and Medicare Advantage Open Enrollment Period (MA OEP). Read more…