Tag: Medicare
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Save More on Prescriptions
On Aug. 16, 2022, the Inflation Reduction Act became law, bringing relief for many Medicare beneficiaries who pay a lot for their prescription drugs. New benefits begin each year to lower your copays and out-of-pocket costs. 2023: The law caps copay at $35/month for certain insulin medications. Medicare covers 100% of Part D vaccinations, such…
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It’s Time to Review Your Medicare Plan
During the Medicare Annual Election Period (AEP), Oct. 15 through Dec. 7, eligible Medicare beneficiaries can: Benefit packages change every year so review the Annual Notice of Change from your Medicare health plan to see if the benefits still suit your needs. All Medicare Advantage plans are focused on simplifying the healthcare experience. They offer…
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It’s the Season for Health Insurance Options
October through December brings an annual opportunity for seniors to review their health status and medical insurance plan to ensure coverage that suits them best. All seniors 65 and over can have health insurance. If needed, no-cost government sponsored plans are a ready and available option. Hawai‘i seniors who have had changes in income, assets…
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Mediwhat? Medigap!
For beneficiaries on Original Medicare (Parts A and B), a Medicare Supplement Insurance plan may provide the extra coverage they need.
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Medicare Special Enrollment Period
A Medicare Special Enrollment Period (SEP) is the time when an eligible Medicare beneficiary may sign up for a Medicare plan under exceptional circumstances.
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Medicare Can Be A Slam Dunk!
According to the dictionary a “slam dunk’ is a scoring shot in which a player jumps and forces a ball down through a basket for an effortless shot. Even though the player may be part of a team and has a coach — a “slam dunk” is an individual play.
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Medicare Season Attracts Millions
According to the Centers for Medicare & Medicaid, more than 10,000 people are turning 65 every day and may qualify for Original Medicare insurance. Once an individual obtains the core parts of Medicare, other options may lower out-of-pocket costs. Some beneficiaries choose to get their coverage from Part C Medicare Advantage plans.
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Don’t Let The Clock Run Out on Part D
It’s official: You signed up for Original Medicare Parts A and B. Your enrollment isn’t quite finished yet though — at least, it shouldn’t be. Your next step is to enroll in a prescription drug plan. This is true even if you’re not presently taking any medications. It is important that you enroll in a…
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Gain Skills to Avoid Medicare Fraudsters
With our state’s senior population growing at a rapid rate, protecting kūpuna against the threat of Medicare fraud and abuse is essential. More than 10,000 Americans turn 65 each day, becoming eligible for Medicare as they blow out their birthday candles. As of 2020, one in four Hawai‘i residents is 65 or older, with this…
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Out-of-Pocket Healthcare Costs
The number of infants born in the US jumped significantly after World War II and continued to increase through the mid-1960s. Social scientists believe it was the result of the thousands of WWII veterans returning home to a booming economy and GI Bill benefits that provided access to home ownership, encouraging them to marry and…