Medicare Part A Medicare is divided into four parts: Part A, B, C, and D. Each part covers different services. Part A is your hospitalization. It will cover you for your hospital stay and services received while admitted to the hospital. Details for Part A Part A covers hospital care if you are formally admitted […]
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Medicare Part C 2017 Medicare is divided into four parts: Part A, B, C, and D. Each part covers different services. Part C is a combination of the parts and provided by a single health organization. Part C, also known as Medicare Advantage Plans, are all-inclusive plans offered by private insurance companies. They operate like […]
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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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MEDIGAP Medicare has four parts: Part A, B, C, and D. Each part covers a different service. Medigap supplements your coverage. Medigap: What is it? Medigap is also known as Medicare Supplemental Insurance. It is extra health insurance you buy from a private company that provides coverage for deductibles, co-pays, and services that are not […]
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The choices you make today will affect your Social Security payment amount later on. This is true, even if you are in your 60s and are rapidly approaching retirement age. It’s especially true for our daughters and granddaughters, who still have several years, or even decades, to go before retirement age. I always thought that […]
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Many Women believe they are not entitled to Social Security if they are divorced. The truth is you can get Social Security on your ex-spouse’s record under certain circumstances even if you are divorced. There are two U.S. Social Security benefits you may be entitled to—spousal support and survivor benefits. If you qualify and your […]
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Social Security: How is it Calculated? As you approach retirement, you’ll want to know what your future Social security payment will be. As I talk to readers, I find there is confusion about how benefits are calculated. Some think it is based on your last five or ten years of work and that taking a […]
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Don’t Bust Your Budget Creating a retirement budget can be a challenge. Most of us no longer have the income we once had and must be more aware of how we spend our money. We can calculate our recurring monthly expenses such as mortgage, electricity and food. We can also account for our annual recurring expenses […]
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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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Medicare Part B. What’s Changed for 2016? How Much Does it Cost? Part B premiums will undergo significant changes in 2016. The deductible will go up to $167 per year for all participants. The premium amounts will vary depending on your circumstances. If your Medicare premium is currently being deducted from your Social Security check, […]
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