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

What are Medicare Changes in 2020?

What are Medicare Changes in 2019?

The post below describes 2020 Medicare changes for Premiums and Costs for Medicare Part A, Part B as well as for Part D.

Article Contents

Medicare Part A Cost 2020
Medicare Part B Premium and Cost 2020
Medicare Part D Cost 2020
Medicare Part D Premium 2020
US Government Sources

Medicare Part A Cost 2020

Changes for Medicare Part A Cost in 2020 include:

Part A premium
- For individuals with 40 or more quarters of Medicare-covered employment: $0 per month ($0 in 2019)
- For individuals with 30-39 quarters of Medicare-covered employment: $252 per month ($240 in 2019)
- For individuals with less than 30 quarters of Medicare-covered employment: $458 per month ($437 in 2019) Read more…

Medicare Low Income Subsidy (LIS) – 2020

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)).

What is Medicare Part D for 2020?

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…

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…

Medicare Advantage Open Enrollment Period (MA OEP)

From 2019, there is a new enrollment period – Medicare Advantage Open Enrollment Period (MA OEP). It will replace the Medicare Advantage Disenrollment Period (MADP) that began January 1^st and continued through February 14^th. There are actually Annual MA OEP and Individual MA OEP.

Medicare Advantage Open Enrollment Period (MA OEP)

Annual Medicare Advantage Open Enrollment Period (MA OEP)

Annual Medicare Advantage Open Enrollment Period will allow people enrolled in an MA or MAPD plan to make a one-time election to go to another Medicare Advantage plan, or to leave their Medicare Advantage plan, return to Original Medicare Part A and Part B and join a stand-alone Medicare Part D plan. It runs from January 1st through March 31st. Read more…

Can I have Medicare and Marketplace insurance at the same time?

Can you have Medicare and Marketplace insurance at the same time?

Marketplace Medicare

Generally, once you have Medicare, it is illegal for you to enroll in Marketplace plan, known as a Qualified Health Plan (QHP). But see exceptions below.

If you already enrolled in Marketplace plan and ready for Medicare, you are entitled to keep your QHP. But this is rarely done. Typically you’ll cancel your Marketplace plan when your Medicare coverage begins. You need to notify QHP insurer at least 14 days before the start of your Medicare coverage. We’ll review below why only in rare cases you want to have Medicare and Marketplace insurance at the same time

Medicare Supplement Plan G vs Plan F

3 Reasons to Choose Medicare Supplement Plan G - 2019

VS.

3 Reasons to Choose Medigap Plan G - 2019

UPDATED, Oct. 8, 2019. How to compare Medicare Supplement Plan G vs Plan F?

The latest published Gorman Health Group Report Market Trends: Medicare Supplement confirmed that Medigap Plan F is the most popular of all plans. In 2015, nearly 6.5 million people are enrolled in Plan F, and its market share is 55%. Although Medicare Supplement Plan G (Medigap Plan G) market share (7.58%) is much lower than Plan F, Plan G one of the fastest growing Medigap plans. The recent Plan G enrollment is much higher than Plan F. What made Plan G so appealing recently? Read more…

Help with Medicare Costs – 2019

Help with Medicare Costs - 2018

UPDATED May 5, 2019. Public benefit programs (such as Medicaid), providing help with Medicare Costs, use the Federal Poverty Level (FPL) guidelines to determine who qualifies for coverage. The table below includes the current income and resource limits someone needs to meet to be eligible for Medicaid and Medicare Savings Programs in 2019.

For more details, see Medicare Savings Programs (MSP): Help with Medicare Expenses. Read more…