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Liberty Medicare recently gave an interview to Bloomberg Businessweek on the subject of Affordable Care Act (ACA) and Short-Term Health Plans. Click here to read the Businessweek article.
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For help finding the best Medicare or Individual Health Plan for you, please contact Liberty Medicare or call us at 877-657-7477.
With all recent attention to Health Insurance Marketplace, it is often forgotten that Marketplace plans are not for everybody. Most people recently enrolled in Marketplace have SUBSTANTIALLY reduced premiums based on Premium Tax Credit and Cost-Sharing Reductions – two affordability programs provided by the federal government. For people not entitled to those programs, Marketplace plans are often not affordable. The Short Term Health Insurance offers an alternative solution to the Marketplace. Read below. Read more…
UPDATED Jan. 31, 2019. There is plenty of information on how Medicare Extra Help will help people to reduce their Prescription Drug Costs. It primarily describes who is eligible for those programs and what benefits they provide as far as a stand-alone Prescription Drug Plan (Part D). Much less information is available on the role of the Medicare Extra Help for Medicare Advantage Plans with Prescription Drugs (MAPD). This post will fill this void.
The Federal Medicare Extra Help program also referred as the 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.
For people with income less than 135% of the Federal Poverty Level (FPL), the benefits include: Read more…
The Affordable Care Act (ACA), also known as Obamacare, is upon us. There is great anticipation about the opening Health Insurance Marketplaces on October 1, 2013. Therefore, it is very important to clear up the many misconceptions how Obamacare will affect Medicare. In this post, we will review the following subjects:
Is the number of doctors participating in Medicare falling because of stingy government reimbursement rates? Is it possible that baby boomers may find “their current doctors are no longer willing to treat them under Medicare and that other doctors are turning them down as well?”. This is a subject of the recent New York Times article (Aug. 31, 2013). The main results of the survey are provided below. For more details, review the original article Doctors and Their Medicare Patients. Read more…
Medicare assignment means that your doctor accepts the Medicare-approved amount as full payment for covered services. Most doctors accept Medicare assignment, but some do not. Check to make sure that your doctor participates in Medicare AND accepts assignment – it will keep your costs down and make life easier. Consider the following scenarios.
The latest issue of Consumer Reports (September 2013) includes a useful article on cutting drug costs. Here are the major tips on how to save money and still get effective and safe treatment. For more details, review the original article – Surprising ways to cut your drug costs.
UPDATED on Dec. 16, 2018. Does Medicare Supplement cover Foreign Travel? Original Medicare does not provide coverage for hospital or medical costs outside the United States. Some Medicare Advantage plans may offer coverage benefits for health care needs when you travel outside the United States. But travelers enrolled in the Original Medicare or whose Medicare Advantage plan does not cover foreign travel — will need to purchase health insurance from another source, such as short-term travel insurance.
Read below on different ways to cover Foreign Travel.
In this post we’ll present the latest Medicare Supplement Statistics.
Medicare Supplement Plans (Medigap Plans) are sold by private insurance companies licensed in your state. The prime purpose of the Medicare Supplement is to protect seniors from high out-of-pocket expenses not covered by Medicare Parts A and B of Original Medicare. These expenses can include deductibles, copayments/coinsurances, and excess charges. Medicare Supplement benefits are paid after Medicare has paid its share of the bill.
Medicare Supplement plans are standardized, meaning that any plan purchased from one insurance company is identical to the same plan bought from any other insurance company. Standardization was introduced in July 1992 with ten uniform packages (Plans A through J). Over the years, plans were revised. The latest revision took place in June 2010. Some plans (such as Plan J) were retired, and the new co-sharing Plans M and N have been introduced. There are ten standardized Medigap plans today (or 11 if you count the Medigap Plan F high-deductible version separately).
Two recently published reports, Trends in Medigap Coverage and Enrollment,2012 (from AHIP) and Mark Farrah Associates Medicare Supplement Healthcare Business Strategy Report, provide interesting Medicare Supplement statistics as of December 2012. Here are the key results from these reports. Read more…
Obamacare which goes into effect January 1, 2014, should not affect the Medicare Supplement market. However, there were two possible concerns: elimination of the “first dollar” coverage, and Medigap surcharges. But it looks, as of now, that everything will stay the way it has previously been without any dramatic changes in the Medigap market. Read more…