Medicare
10 Essential Questions People Need to Ask when Evaluating Medicare Plans
Allsup, a private Social Security disability claims services company, outlined in a press release, the kinds of things that you need to ask of plans that you may be considering. While we aren’t familiar with Allsup, it’s a good starter list if you’re not familiar with Medicare Advantage (Part C) plans. The questions below and [...]
Choosing a Part D Plan? Can You Say Formulary?
Whether your choosing a standalone prescription plan, or a plan that’s part of a Medicare Advantage plan, you’ll need to know what they cover and for how much. That’s where the formulary comes in. A formulary is a list of prescription drugs covered by a drug benefit plan. It’s usually a long list of drugs [...]
Moving? Change your address with more than the post office
If you’re moving, or helping a senior move, one thing to consider is the potential effect that it will have on Medicare Advantage (Part C) and Part D plans. If the move is long distance, there’s a good chance that new Medicare plan(s) will be in order. If the move is within the same city, [...]
Now’s the time to start thinking about the Donut Hole
At the end of the year, during the open enrollment period, you should be thinking about how you’ll managing prescription costs. Why worry about prescription drug costs if you have a Medicare Part D plan? Just because you’ve never reached the coverage gap, or the dreaded donut hole, it doesn’t mean that you won’t. As [...]