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It’s Medicare Open Enrollment

  It’s Medicare Open Enrollment and now is the time to review your coverage for 2019. Think about what has changed in the last year and what your needs will be in the coming year. This will help you find a Medicare plan that suits your needs. Here are five questions to help you determine […]

2019 Changes to the Part D Prescription Drug Plan

2019 Changes to the Part D Prescription Drug Plan

It’s Medicare Open Enrollment Period – Let Us Help You Get Ready

Now that it’s Medicare’s Annual Election Period (AEP) you can switch your Part D or Medicare Advantage plan. Also known as open enrollment, it happens every year from October 15 to December 7, for a plan taking effect January 1. During Medicare Open Enrollment 2018 you cannot do the following: Join Part B, unless you […]

Answer These Questions to Help You Make the Best Medicare Coverage Choices

Your Care Do you intend to keep the same doctor? Some doctors take original Medicare but don’t participate in Medicare Advantage Plans. Other doctors do the opposite. Ask your doctor’s office what coverage they accept before you make a decision about switching to a different physician. Do you realize that each Part D prescription plan […]

10 Free Services Medicare Provides

 Here’s a list of some examinations and screenings Medicare recipients now get for free.


Basics of Long Term Care Insurance

Many people mistakenly think Medicare can help. However, the government’s health insurance program for seniors will only cover care in a skilled nursing facility for a limited period after a hospitalization. It doesn’t pay for ongoing, custodial (non-skilled) care. The other alternative is a long term care insurance policy. These plans typically offer comprehensive coverage that will pay for in-home care, assisted living and nursing home care. However, the plans can be complex to understand (here’s a good overview), and premium increases have been a problem for some policyholders.

It’s That Time of Year – September is Life Insurance Awareness Month

No one likes to think about “what if” when it comes to protecting your family. What if something happens to you? What if something happens to your partner or parents? You need to consider how your family would do financially if the “What If” happens. Where would the money come from to pay for your […]

Medicare Part D Drug plan in the news

The Centers for Medicare and Medicaid Services announced that, starting in 2020, Medicare prescription drug plans can take advantage of a tool, called an indication-based formulary, that expands the choices of products they can cover, allowing plans to opt for cheaper drugs in certain cases. The announcement Wednesday is the latest part of the Trump administration’s blueprint aimed at lowering prescription drug costs that have spiraled upward in recent years.

Medicare Part D Changes


Under the original design of the Medicare Part D benefit, created by the Medicare Modernization Act of 2003, when Part D enrollees’ total drug spending exceeded the initial coverage limit (ICL), they entered a coverage gap. Enrollees who did not receive low-income subsidies (LIS) were required to pay 100 percent of their drug costs in the coverage gap until their out-of-pocket spending reached the threshold amount that qualified them for catastrophic coverage. (The coverage gap does not apply to beneficiaries who receive low-income subsidies.) In 2007, the first full year of the Part D benefit, 8.3 million Part D enrollees (32 percent of all enrollees) had total drug costs above the initial coverage limit and in the coverage gap (Figure 1). This total includes 3.8 million non-LIS enrollees who were required to pay 100 percent of their drug costs out of pocket in the coverage gap.

Cost of Employer Health Coverage to Rise 5% in 2019

QWhat should I expect to happen to costs and coverage for my employer's health insurance plan for 2019?

AYou can expect the cost of medical and drug benefits to rise by 5% in 2019, according to the annual health care survey by the National Business Group on Health.

This would be the sixth consecutive year with a 5% increase, with premiums and out-of-pocket costs for employees and their dependents averaging $14,800 next year. Fortunately, employers continue to cover 70% of that tab, on average, with workers picking up the rest.

HIPAA: Why is it important to me?

More than 20 years ago the Health Insurance Portability & Accountability Act (HIPAA) became law. Today, as a result of this law, we assume our private health information will always be protected. Before HIPAA When you think of HIPAA it may feel like privacy overkill to you. Yet, before HIPAA was law, more than one-third […]

The Medicare True-False Quiz: Test Your Knowledge

Health care costs are one of the biggest concerns for retirees. For most American retirees, Medicare is their primary health care plan. Medicare is complicated, and understanding it is crucial to making smart decisions to help control health care costs. Unfortunately, research shows that many people don't. For instance, a report from The American College of Financial Services showed that only roughly 25% of those ages 60 to 75 could pass a retirement income literacy quiz that included a number of questions about Medicare.

Is Medicare Supplement Plan F Going Away?

Many of our clients have asked, why is Medicare Plan F going away?  The short answer is the government believes that folks that have a Plan F utilize their Supplement insurance more than their counterparts that do not have the Medicare deductible covered. Since Plan F covers that deductible, it is going to be phased out for new enrollees.