Understanding Medicare AEP: 5 Key FAQs You Should Know
Medicare’s Annual Enrollment Period (AEP) happens from October 15 to December 7 each year. It’s your opportunity to assess and make changes to your Medicare coverage. While this period can seem daunting, rest assured that we will break down the most common questions to simplify the process and empower you to make informed decisions. Explore each FAQ carefully, even if you feel your plan is currently sufficient.
The Psychology Behind Underinsurance: Understand the Barriers
It’s not uncommon to start thinking about purchasing life insurance, but never actually take the leap. It’s a decision many people find themselves delaying, even if they have the best intentions. If this sounds like you, know that you’re not alone. This hesitation is not just about procrastination or neglect; there are deeper, psychological reasons that often go unnoticed.
What Are the Benefits of Working with a Broker for Your Medicare Benefits?
When it’s time to sign up for Medicare, should you take a DIY approach or talk to an insurance broker? As you start learning more about coverage and the different types of plans that are available, it can be overwhelming to navigate your options.
Does Medicare Cover Vision and Dental?
As you are researching your options for Medicare coverage, it’s important to understand what is/isn’t included in your new healthcare plan. Original Medicare (including Parts A and B) doesn’t cover routine vision or dental care services. You might have coverage through an emergency situation for related medical support, but ongoing visits and regular coverage aren’t part of your plan.
What Is a Medicare Special Needs Plan?
While Original Medicare covers a variety of healthcare costs, there are circumstances when some patients need additional coverage or support. If you have any special medical situations, it’s a good idea to talk to an insurance expert about specialized care available through Medical Special Needs Plans (SNPs).
Medicare Part D: Here’s What You Need to Know
Medicare Parts A & B cover most of the patient’s healthcare needs, but there is a notable gap in this coverage: prescription medications. For more than 40 years, patients with Medicare plans had to pay out-of-pocket for their prescriptions. However, this cost has become an increasing financial burden, especially with the rising costs of pharmaceutical products.
What Are the “Parts” of Medicare?
As you are researching Medicare coverage, it’s important to understand the different types of plans and the coverage you can expect. Medicare is divided into 4 “Parts”: