Medicare

If you’re a Medicare beneficiary, check your mail very carefully. You’ll be receiving a new Medicare card with an important new identification number that you’ll need soon. Your current Medicare ID card contains a Health Insurance Claim Number (HICN), which is the same as your Social Security number. Your HICN serves as your identification for
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Millions of Americans choose to supplement their Original Medicare benefits with additional coverage that helps to cover the gaps. Medigap plans in America are standardized, and for decades, Medigap Plan F has been a top seller. This is largely because it covers all of the deductibles, coinsurance, and copays that would normally be your responsibility
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Every year, thousands of Medicare beneficiaries enroll in Medicare Advantage plans during the fall Annual Election Period. With low premiums and ancillary “extras” built in, these plans on paper appeal to many individuals. However, in all the election period excitement, people sometimes overlook aspects of Medicare Advantage coverage that are important. All too often, January
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If you are closing in on retirement age, you are keenly interested in how the three remaining Presidential candidates — Donald Trump, Hillary Clinton, and Bernie Sanders — plan to deal with the fiscal challenges of Social Security and Medicare. If you are not close to retirement age, you should be even more interested, as
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Whether you believe it is a good trend or a bad one, the number of households that receive benefits from the Federal Government has almost reached the halfway mark. Welfare Dependence Keeps Growing According to the most recent data from the U.S. Census Bureau, 152.9 million out of 308.9 million total Americans received some form
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MoneyTips Are you planning on pushing your retirement age out as far as possible, or continuing to work part-time during your retirement years? A growing number of people are following this path, driven partly by enjoyment of their work and partly by economic necessity. In addition, since people are living longer in general, retirement may
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If you want to file a complaint with Medicare, you are not alone. According to the Centers for Medicare and Medicaid Services (CMMS), the agency reviews over 100,000 complaints each year. Complaints cover the quality of care, hospital discharges, home health services, nursing homes, and Medicare Advantage programs, among other things. The Process of Filing
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Medicare cost increases are not uncommon, but in 2016, they will have an uncommon effect. Thanks to quirks in the Social Security system, approximately 30% of Medicare beneficiaries are going to experience huge increases in their Medicare part B costs (up to 52%) while others are not affected in the same way. Medicare has three
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Medicare has one important difference when compared to most other health plans – Medicare Parts A and B do not have a cap on out-of pocket costs. These costs can add up quickly, especially for chronic or long-term illnesses. Premiums and most deductible and co-insurance situations are straightforward, but some costs are not. These Medicare
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Along with Social Security, Medicare plays a powerful role in protecting the health and welfare of seniors in the United States. While Social Security provides vital retirement income, Medicare ensures that citizens aged 65 and older receive a reasonable standard of health insurance coverage. Participants in both Social Security and Medicare have earned these benefits
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