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You always want to examine all the details when shopping for a Medicare Advantage policy. There are networks, prescriptions, cost-sharing and plans ratings to consider among other important items. The Centers for Medicare & Medicaid Services (CMS) help by using an annual ratings system. The rankings are 1-5 stars with Five Stars being the best. [...]
July 26, 2021

Category: Medicare Advantage, Medicare Part D

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If you're on Medicare, you're likely hearing about the Medicare Part B Give Back benefit. This new feature is only offered by a select few Medicare Advantage plans and only in some areas of the country. If you qualify, this unique benefit can reduce your monthly premiums owed to the government each month. How Does [...]
February 24, 2021

Category: Medicare Advantage

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It's Open Enrollment, so expect to see endless advertisements about the free extra Medicare benefits you might be missing. Things like prescriptions, dental, vision, hearing aids, meals, gym memberships & transportation. But are the benefits actually free? The answer is complicated. Like most things, there's a trade-off. What these commercials are referring to are the [...]
November 5, 2020

Category: Medicare Advantage

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Every year there are changes to provider networks for many Medicare insurance plans. The biggest change for 2021 is Ohio State University will no longer be in network for Medical Mutual Medicare Advantage plans. This does not affect all of their insurance plans, however. It's not uncommon to see large providers move in and out [...]
September 18, 2020

Category: Medicare Advantage

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Let's face it, Medicare insurance can be expensive. Original Medicare Part A is free due to earned work credits, but Part B costs nearly $150 a month for most. And Medicare Parts A & B only cover so much. There are still gaps like deductibles, coinsurance, prescriptions, dental, vision, hearing and so on. So how [...]
August 19, 2020

Category: Medicare Advantage, Medicare Supplements, Retirement Planning

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The 2020 Medicare open enrollment period is fast approaching.  It runs from October 15th through December 7th - plan changes will not be effective until January 2021. Our agents are busy training so we can discuss important new plan benefits, costs and features. In insurance speak, this period of time is also referred to as [...]
August 1, 2020

Category: Medicare Advantage, Medicare Supplements

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Medicare currently has approximately 45 million Americans enrolled, with that number climbing by the day. This is a government-backed health insurance program that helps those 65 and older afford health care. However, it does not cover all of your expenses. You'll want to supplement your coverage. Unless you have group or retirement coverage, this means [...]
July 7, 2020

Category: Medicare Advantage, Medicare Supplements

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If you are approaching your Medicare eligibility, you should be aware of the Medicare Income-Related Monthly Adjustment Amount - IRMAA for short. It applies to higher income earners and results in increased Part B and Part D premiums. These increases might affect your decision to stay on your employer policy. If that's not an option, [...]
May 14, 2020

Category: Medicare Advantage, Medicare Part D, Medicare Supplements, Retirement Planning

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It's the time of year when Medicare announces changes that affect Medicare beneficiaries and the insurance plans they own.  Like most years, the 2020 changes are incremental, but larger than what we saw for 2019.  We will discuss them below and how they will affect your out of pocket exposure. (It's important to note that [...]
November 10, 2019

Category: Medicare Advantage, Medicare Supplements

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Medicare Open Enrollment for 2020 effective dates has begun. This window runs from October 15th through December 7th.  All changes to your Medicare Advantage and/or Prescription Drug Part D coverage will take effect January 1, 2020. Should you miss the Annual Election Period (AEP) open enrollment window, it may not be possible to make changes [...]
October 12, 2019

Category: Medicare Advantage, Medicare Supplements

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There are several policies designed to fill the gaps in Medicare. Medical Savings Accounts from Lasso are no exception. These innovative insurance plans offer a great way save toward future health care expenses. First, you must be enrolled in both Medicare Parts A and B to qualify. You must also live in the plan's service [...]
September 23, 2019

Category: Medicare Advantage

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Medicare doesn't cover everything so it's wise to enroll in additional coverage. In our second part series, we discuss three reasons why you may want to choose a Medicare Advantage plan over a Supplement. (View Part One Here.) There's not always a right or wrong way to fill in the gaps, but in this post [...]
September 11, 2019

Category: Medicare Advantage

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When you're Medicare eligible, you're likely deciding how to best supplement your coverage. Should you choose a Medicare Supplement or a Medicare Advantage plan? A good argument can be made for both, but for the purposes of this article we'll explain why many of our clients choose a traditional Medicare supplement plan. Also referred to [...]
August 7, 2019

Category: Medicare Advantage, Medicare Supplements

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Many of our clients ask about the free Silver Sneakers gym membership and how to qualify when shopping for supplemental insurance plans. It can save members a lot of money. Some insurance companies offer this valuable benefit, but many do not. And availability will depend on where you live. We help our clients compare the [...]
January 11, 2019

Category: Medicare Advantage, Medicare Supplements

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 If you are applying for Medicare, you’ll have premiums that need to be paid. There are several different payment options to consider. However, the these options vary depending on what type of Medicare premium you’re covering. The team at Hyers & Associates is available to help you sort through any questions you might have regarding …

November 6, 2018

Category: Medicare Advantage, Medicare Part D, Medicare Supplements

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