Combating Waste and Fraud in Medicare: President Trump’s choice for Secretary of the Department of Labor, is Alexander Acosta. There is consensus among both Democrats and Republicans that this is a good choice. He has been described as “just a mild-mannered law school faculty member.” Allison Bell, in an article for LifeHealthPro. In reality, from […]
Compared to individual or group health insurance plans, Medicare is unique in that it has no out-of-pocket spending limits. That’s why most people purchase a solid Medigap [Medicare Supplement] policy that will fill in all the gaps in Medicare and give you 100% of first dollar coverage for medical expenses. The alternative is enrolling in […]
Now that we are in the New Year there are some things you should remember about your Part D prescription drug plans. In the fall (September and October) of each year, the Part D insurance companies send out a letter called ANOC. This acronym means ‘Annual Notice of Changes’ with emphasis on ‘Changes’. The companies […]
You have two basic choices in Medicare to take care of your hospitalization, doctor visits and laboratory tests – Medicare Advantage (also called Medicare Part C) and original Medicare (comprised of Medicare Parts A and B). Original Medicare is often coupled with a Medicare supplement plans A through N. The majority of Medicare Advantage plans […]
The 2016 Medicare Open Enrollment started October 15th and continues till December 7th. During this time Medicare eligible people are able to enroll in, or change their current Medicare Advantage (MAPD) HMO/PPO, or stand-alone Part D/drug plan. Remember, if your current plan or employer/ retiree coverage is renewing in 2017 and you are satisfied with […]
In the April and June I wrote about four Medicare mistakes to avoid. Here are mistakes 5 and 6 that can trip you up. #5 Misunderstanding Enrollment Periods: You may have read about ‘Open Enrollment’ and gotten the idea that this is the only time you can sign up for Medicare. Not True! In Medicare, […]
When you think about retiring, where will you get health insurance? “Simple,” you might reply, “I’ll go on Medicare.” Well, welcome to an intricate decision, especially if you (or your spouse) keep working past the usual retirement age. Medicare is for people 65 and up and comes in 4 parts. Part A, covers you if […]
Back in April, I introduced two Medicare mistakes that you should be sure to avoid. As I explained, there are some pitfalls and traps that can cost plenty. Below are mistakes 3 and 4. 3. Failing to enroll in Part B when you should: Signing up at the time that’s right for you is critical. […]
Costs for Medicare Supplement insurance, also called “Medigap”, vary significantly for men and women, says Jesse Slome, director of the American Association for Medicare Supplement Insurance (AAMSI), which released the first phase of the study. A 65-year old male purchasing Medicare Supplement insurance will pay anywhere from a low of $126 per-month to $444 per-month, […]
As you may know, Martin and Associates Insurance has been a family run business for 27 years. My wife Nobuko and I had always hoped our sons would decide to join Dad to make the business even better and to serve our clients for future generations. I’m proud to announce that our two oldest sons, […]