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Medicare: Part D 2017

Medicare Part D 2017 Medicare Part D is Prescription Drug Coverage. The plans are not offered by Medicare, but by private insurance companies that must meet specific standards. To Qualify To qualify, you must participate in Part A and Part B. Offered by Outside Insurance Companies Medicare itself does not offer Part D policies. The […]

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The Donut Hole–Medicare Part D

The Infamous Donut Hole – Medicare Part D Beware the gap or infamous donut hole in Part D policies outlined here: Once you and your insurance company have paid a combined amount of $3,310 for covered drugs in the year, the percentage of your coverage decreases. You will pay 45% of the cost on brand […]

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Sick Abroad–Now What?

What Will It Cost? Accessing and paying for quality healthcare is a major concern for most people in the United States because the U.S. system is, by far, the most expensive in the world. In the United States, 18% of the Gross Domestic Product (GDP) is spent on healthcare, far greater than any other country. Outside […]

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The Five Year Rule-Avoid this Retirement Mistake

The Five-Year Rule imposes stiff penalties on those gifting their assets within five years of applying for Medicaid for nursing home expenses. It’s important to know how the rule works and who is penalized. First let’s differentiate between Medicare and Medicaid. Medicare is a national healthcare program for workers 65 or over who have paid […]

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Magical Medigap

Medigap can make or break your finances in retirement. Medigap is a supplemental insurance in addition to Medicare Part A and Part B. It is optional. Medigap covers co-pays, deductibles, and other costs that Medicare does not.  It bridges the “gap” in Medicare coverage. Medicare covers on average 48 percent of your medical costs.  Medigap can pay some […]

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Prescription Drugs (Medicare Part D)

Part D is a prescription drug program. Anyone with Part A or Part B is eligible. To receive prescription drug coverage, you must enroll in a separate plan. Medicare does not offer Part D plans. These plans are approved and regulated by Medicare, but are administered by private companies. “Plans choose which drugs (or even […]

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All Inclusive Coverage – Medicare Part C (Part 3 of 4)

Part C, the Medicare Advantage Plan, is also optional and operates like an HMO (Health Maintenance Organization) or a PPO (Preferred Provider Organization). Part C is often referred to as the All-in-One plan. It includes both Part A (hospital insurance) and Part B (medical insurance), so you do not have to register for those separately. […]

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Being Overweight Is Not Your Fault

“I tried every diet in the book. I tried some that weren’t in the book. I tried eating the book. It tasted better than most of the diets.” ~Dolly Parton Being overweight or obese is a major cause of preventable health problems in this country. I know it is a very personal issue and can […]

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4 Easy Ways to Save

“Don’t save what is left after spending; spend what is left after saving.” Warren Buffet We left off last week talking about the biggest money saver of all–your health. There are many indirect ways of improving your health  while also saving money elsewhere. 1.  Cable TV–One is to cut out the premium channels on your […]

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