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Patient status (in-patient vs. out-patient) impacts how Medicare pays. Beware what billing status a hospital classifies an incoming patient because if it is as “outpatient”, which it often is, Medicare will not pay any follow-up nursing home costs, which can have a financial impact that can be devasting. For example, a Medicare recipient recently was…
Did you know between January 1st and February 14th you can leave your Advantage Plan (Medicare Part C) and switch to original Medicare. Remember you will only have until February 14 to join a Medicare prescription Drug Plan. You cannot switch to another Advantage Plan and if you switch to original Medicare you may want…
Many people did not receive an increase in their Part B Medicare premiums because they were on Social Security and legally Medicare cannot increase their premiums more than the cost of living raise they receive from Social Security. There are no legal restrictions on Medicare for special programs such as Medicaid or those new to…
Many Veterans and spouses of veterans receive a special monthly check if they need the “aid & attendance” of another person to live safely and/or need assistance with their personal care activities. Many Senior Communities help Veterans get these funds to help them pay their monthly rental fees which can be substantial. However the VA…
Just a reminder that you should be as diligent when choosing a Medicare Drug Plan as you are when choosing Medicare insurance either an Advantage plan (which includes your drug plan) or a Medicare supplement. Drug costs continue to rise causing many Medicare drug plans to increase the tier rating for your drug along with…
No need to file any special forms with your tax returns concerning your health care plans. Why? Because you are on Medicare you do not need to prove to the IRS that you have insurance, they know!