Medicare Matters – Medicare Premiums for 2023

Medicare premiums and deductibles for Part A and Part B will decrease modestly in 2023, according to CMS (Centers for Medicare and Medicaid Services.) Standard monthly premiums for Part B will decrease $5.20, to $164.90 in 2023, down from $170.10 in 2022. Annual Part B deductible will also decrease from $233.00 in 2022 to $226, […]

Medicare Matters – Medicare Advantage Open Enrollment

What Does the Medicare Advantage Open Enrollment mean? Is this a good time to review your Medicare health plan options? From January 1 to March 31 you have the Medicare Advantage Open Enrollment Period. During this time period you may make a onetime change from one Medicare Advantage Plan to another. Or, you may dis-enroll […]

Medicare Matters – Pneumonia Vaccine on Medicare

Did you know that about 1 million Americans go to the hospital with pneumonia every year? Pneumonia is a lung infection caused by pneumococcal disease, which can also cause blood infections and meningitis. The bacteria that causes pneumococcal disease spreads by direct person-to-person contact. A pneumonia vaccine can help prevent pneumonia, but only 67% of […]

How to Try Out a Medicare Advantage Plan (Trial Rights)

Here is how you can try out a Medicare Advantage plan using what are called Trial Rights. There are two main trial right that you can use to try out a Medicare Advantage plan and you can still go back and get a Medicare Supplement Plan in the future with no medical underwriting questions. The […]

HR Managers Need to Know This About Medicare

HR and Benefits Mangers get tons of questions about Medicare. How do we know? We talk to HR and Benefits Managers all the time because they get approached by employees looking for direction on what to do about Medicare. Answering those questions can be difficult as Medicare is outside the scope of what HR and […]

4 Advantages of Using an Independent Medicare Agent

When it comes to getting your Medicare plans set up, there are really two ways to do so. The first way is to contact the insurance companies directly (Do-It-Yourselfers). The other way, which we think is more advantageous for Medicare recipients is to use an independent Medicare agent. Here’s why: 1. There is No Cost […]

What is the Medicare IRMAA?

IRMAA stands for Income Related Monthly Adjustment Amount. This is an additional Part B and Part D payment that Medicare recipients must pay if they are higher income earners. What determines if someone is a high income earner? Centers for Medicare Services are going to look at your Adjusted Gross Income and they always look […]

3 Things to Know About Medicare Advantage

When it comes to Medicare Advantage, I think there are three very important things to be aware of before enrolling in a plan. 1. They Are Mostly HMO’s – The All-In-One Medicare Advantage plans are mostly HMO plans where you need to choose a primary care doctor and will need referrals to go see specialists. […]