During the month of August, we have tried to cover the subject of Medicare in little bite-sized bits. One at a time, we went over the Parts of Medicare, Original Medicare and Advantage Plans (also called “Part C”). Today’s Medicare Minute covers Part D, the prescription drug coverage plans available. At first glance, seniors might […]
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14
Aug
Aug
Medicare Advantage Plans (Part C of Medicare) have grown substantially over the past decade. In 2018, 34% of Medicare beneficiaries were enrolled in Medicare Advantage plans. However, “Original Medicare” remains the choice of more than two thirds of all Medicare recipients. In fact, Original Medicare is the default plan, if you don’t choose another option. […]
07
Aug
Aug
Sometimes it pays to review basic information. This is certainly true when it comes to Medicare; a survey conducted by the Medicare administration revealed that a majority of seniors could not name or describe the four parts of the Medicare system. This is information that every senior should have at hand, especially when signing up […]
Did you know that Medicare gives ratings to some of its plans? This is not true of all Medicare Parts; only Part C, Medicare Advantage Plans, are rated by the Centers for Medicare and Medicaid Services. The CMS compiles the data and sets the standards for the rating system. Some of the rating factors include: […]
12
Jul
Jul
Medicare Part C (Medicare Advantage) vs. Medicare Plan C (a Medigap Option) The Medicare terms “Part C” and “Plan C” sound enough alike to be the source of misunderstanding. If you are uncertain about the meanings of “Part C” and “Plan C,” here is a quick reference: Part C is a Medicare Advantage Plan (MA). […]