Medicare is a health insurance program created by the United States Government to subsidize healthcare services to people that have reached the age of 65 who didn’t have health insurance coverage. Medicare is overseen by the Centers for Medicare and Services (CMS), an agency within the U.S. Department of Health and Human Services.
Medicare Advantage (MA) is also referred to as Medicare Part C. It is part of the Medicare program offered to disabled adults and senior citizens who qualify. Private insurance firms offer Medicare Advantage. This plan usually includes the medical coverage Part A, B, and D that Medicare offers, except for hospice care.
There are ten Medicare Supplement plans available (identified by letters A, B, C, D, F, G, K, L, M, and N), but some plans are no longer available to new enrollees. Medigap plans are standardized, so all of the same letters offer the same basic coverage irrespective of the insurance company you opt with. However, they offer different premiums or costs.
Health insurance keeps medical costs from becoming insurmountable. There are many sources to obtain coverage from, with each having their own guidelines and criteria for eligibility. Different health insurance policies provide certain levels of coverage, so when you are considering a health insurance plan, it’s important to select one that meets your financial and medical needs.
Medicare has a lot of options to choose from. That’s why the experts at Wise Up Financial can help you understand all parts of Medicare so you can choose a plan that best suits your current health situation.
Request for a quote today and let’s find the best plan at the right price for you.
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The Medicare plan you have now may not be the one you have forever. Medicare offers a wide variety of options and is always evolving
No matter your healthcare journey, we are here to guide and support you. We cut through the confusion and provide you with valuable and up-to-date resources designed to help you make the best Medicare decisions for yourself and those you love.
If you need help enrolling in Original Medicare, Medicare Advantage plan, Medigap plan, or a prescription drug plan, we can assist you.
The Medicare plan you have now may not be the one you have forever. Medicare offers a wide variety of options and is always evolving from year to year. There may come a time when your medical needs or financial situation changes, or you may become interested in a plan that fits your preferences. Whatever …
When Can You Make Changes To Your Medicare Coverage? Read More »
Medicare has high flexibility when it comes to inpatient, outpatient, and prescription coverage. However, it’s not universal. Medicare works within the confines of what’s medically necessary and whether the medical professionals choose to accept Medicare. It’s important to understand this so that you are not in for an unpleasant surprise when you are billed for …
When you sign up for Medicare Part B, you have 12 months to get the free one-time preventive consultation known as the “Welcome to Medicare” visit. This sets the stage for your future treatments so that you can live a longer life at a lower cost. What should I know before the visit? The Welcome …
Medicare Part D covers your prescription medications at a low cost. What that exact cost is depends on the specific plan you enroll in, as rates between companies vary. Coinsurance, copay, deductibles, and premiums all factor into your overall cost. How much does it cost to enroll? Enrollment has a direct impact on what your …
The Medicare Annual Enrollment Period takes place between October 15 and December 7. This is distinct from the other Medicare enrollment periods because this strictly relates to existing Medicare policyholders. If you don’t have Medicare at all, you can’t get Medicare for the first time during this period. Becoming a first-time Medicare policyholder is exclusive …
Medicare is technically optional. However, there are consequences if you decide to not enroll in Medicare if you are not covered by a different plan. One consequence is that you may have to pay a late fee if you skip out on coverage in the beginning and decide to enroll later. Read on to learn …
Medicare makes sure to give people options. While this freedom allows people to choose what’s best for them, it can get very confusing very quickly. One of the major sources of confusion is whether or not you will need Medicare Part D. Fortunately, we here at Wise Up Financial can help you choose the best …
In short, Medicare is not accepted by all healthcare providers. There are different parts of Medicare. Some are accepted more widely by providers while others are not. Some places are more likely to accept Original Medicare over Medicare Advantage, and vice versa. Others are more likely to accept certain types of Medicare Advantage plans, but …
Is Medicare Accepted By All Healthcare Providers? Read More »
Medicare can be expensive. There are fortunately a number of ways to help offset those costs. Below we have compiled a list of different avenues you can use to help make Medicare more affordable. Estimated Costs of Medicare As a reminder, Medicare is composed of 4 parts. Part A is mandatory, but Parts B, C, …
As a new Medicare enrollee, it is important to arm yourself with the necessary information, so as to get the most out of your Medicare coverage. You should know about the terms, costs, coverage options, and different plans. In this article, we have compiled a list of what you should know about Medicare. The Different …
