Friday, December 8, 2017

Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings

It doesn’t matter whether you’re 35, or 55, retirement should be an important consideration in your search for financial freedom. At the end of the day, it’s easy to put off the idea of retirement as something you can think about “later”, when you’re still young. However, the truth is that everyone’s going to face…

The post Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings appeared first on MedicareFAQ.

Special Enrollment Period for People Impacted by Hurricane Harvey, Irma, or Maria

Were you impacted or do you know someone who might have been impacted by the Harvey, Irma, or Maria hurricanes? Finally, there is some good news for them. The Centre for Medicare & Medicaid Services (CMS) has extended the period for enrollment into healthcare plans to 31 December 2017. This extension will ensure that the…
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Wednesday, December 6, 2017

Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings

It doesn’t matter whether you’re 35, or 55, retirement should be an important consideration in your search for financial freedom. At the end of the day, it’s easy to put off the idea of retirement as something you can think about “later”, when you’re still young. However, the truth is that everyone’s going to face…
The post Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings appeared first on MedicareFAQ.

Monday, December 4, 2017

Does Medicare Pay for Long Term Care Facilities?

It depends on your situation. Medicare does not pay for lengthy stays in nursing homes and other long-term care facilities. It also does not pay for short-term stays unless you were hospitalized first. This is because most nursing homes and other long-term care facilities provide custodial services that aren’t covered. This includes help with bathing,…
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Friday, December 1, 2017

Social Security Benefit Increase Announced for 2018

The Social Security Administration announced a COLA increase this month for 2018. Supplemental Security Income (SSI) benefits would increase by 2%. This is the first substantial increase in years. How much is that? In 2017, the average person got $1,360 a month. A 2% increase means that the average beneficiary will get $25 more a…
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Tuesday, November 28, 2017

Medicare Part F Cost & Benefits

Navigating the world of different Medicare “plans” and “parts” can be quite difficult, but if you’ve been asking yourself, “How much does Medicare Part F cost”, you’ve come to the right place. medicare part f costThe first thing you should know is that Original Medicare is divided into four parts.
  • Part A
  • Part B
  • Part C
  • Part D
You must be enrolled in Part A and Part B in order to be eligible to purchase a Medicare Supplement plan.
Medicare Supplement plans are divided into plans, A through N, and help pay some health costs that are not covered by traditional Medicare.
These are plans sold by private insurance companies, and the best time to purchase them is during your Open Enrollment Period. This period starts automatically the month you turn 65 and enrolled in Part B. Carriers don’t have to accept you if you apply outside of that window.
Read full post for Medicare Part F Cost & Benefits here.

What You Should Know About Medigap Plan F

Medigap Plan F is a supplement policy sold by private insurance companies.
It pays for some of the “gaps” found in Original Medicare such as co-payments, coinsurance and deductibles. There are 10 standardized Medigap plans in total, lettered from A through N.
Private insurance companies can offer some or all 10 plans. However, regardless of the carrier the benefits will remain the same for each letter plan.
The cost can differ from carrier to carrier depending on a few factors. Coverage is important, and because there are so many plans to pick from that cover only certain things, choosing a plan can be confusing.