The amount Americans spend on prescription drugs has nearly doubled since the 1990s, a 2017 government investigation found, meaning the United States spends the most of any high-income nation. List prices rose 6% over the past 12 months alone, according to the prescription website GoodRx. Medicare drug prices soared 10 times the rate of inflation. Continue reading “The Most Expensive Prescription Drugs in America” »
2018 has brought many new changes for Medicare patients. If you have a Medicare plan, you should be aware of these changes. Here are some of the biggest changes that you will see this year, including information and resources regarding new Medicare cards that will begin to be mailed out in April. Continue reading “2018 Medicare Changes You Need To Know” »
Countless seniors rely on Medicare to cover their healthcare needs in retirement. But contrary to what you may have been led to believe, Medicare isn’t free. In fact, if you’re not careful, you could end up spending far more on Medicare than what’s actually necessary, especially if you make one of the following errors. Continue reading “Avoid These Costly Medicare Mistakes” »
Almost every American over the age of 65 is covered by Medicare, or will be after they retire. However, there are a lot of aspects about this massive health insurance program that are not well understood by many people. With that in mind, here are a few things Americans often don’t know about Medicare and what you should know about each. Continue reading “Frequently Asked Questions About Medicare” »
Understanding Medicare vs. Medicaid for maximum benefits
Medicare and Medicaid can be confusing, partly because the names sound so similar. But they’re two very different government healthcare programs. Medicare focuses on adults age 65 and older and Medicaid focuses on low-income individuals and families. The benefits, costs, and eligibility requirements are different for each program. Neither program has automatic enrollment so it’s important to understand what each one offers. Knowing which to apply for helps maximize your healthcare benefits.
Continue reading “What You Need To Know: MEDICARE vs. MEDICAID” »
Soaring drug prices have grabbed headlines over the past couple of years, including the skyrocketing cost of an AIDs drug from $13.50 to $750, EpiPen’s massive hike, the spike in insulin costs, and the escalation of the costs of other lifesaving treatments. In these days of sky-high drug costs, Medicare recipients, particularly the 90% on a fixed income, are looking to get their prescription drug costs under control.
So, if you have a Medicare Part D prescription drug plan, what can you do to get your costs under control? Here are some tips for “what if” situations.
Continue reading “7 Tips To Help Cut Your Prescription Drug Costs” »
Of the Medigap plans available, Plan F provides the widest array of benefits and the most comprehensive coverage. Plan F and Plan C (not to be confused with Medicare Part C), the second most popular Medicare Supplement plan, are sometimes referred to as “first dollar” plans: They cover Medicare copays and co-insurance from the very ‘first dollar.’
For people with diabetes, Medicare Part B will cover blood glucose monitors, test strips, lancet devices, and lancets. In addition, glucose management solutions for those with diabetes are covered whether someone uses insulin or not.
A detailed review of how Medicare’s prescription-drug benefit works.
Millions of Medicare participants currently rely on Part D to help them pay for prescription drugs. However, it can be difficult to understand all the elements associated with this program, since it operates slightly different from most other parts of Medicare. Still, it’s important for all current and future recipients to know what Part D will cover and how much it cost. Continue reading “What Does Medicare Part D Cost and Cover in 2017?” »