medicare Archives - Page 38 of 44

Retirement & Medicare

A lot of times, people think that once they retire then they are eligible to start receiving Medicare benefits. But, that is not necessarily true. If you retire early there will be some consequences with your healthcare. Specifically, you will have to pay for it out of pocket.

Retirment is a time to enjoy no more work and not worry. If you do it right, Medicare will cover you. — *Retirment is a time to enjoy no more work and not worry. But if you retire early before Medicare age (65), you will have to pay for your own health insurance.*

Medicare Age

You can begin applying for Medicare coverage 3 months before you turn 65, the month you turn 65, and 3 months after. For example, if you turn 65 in January, you can enroll anytime from October through April. However, you can not sign up for Medicare any earlier than that.

If You Retire Early

Retiring before you turn 65 will leave you without health insurance. You are not able to acquire or sign up for Medicare, which will leave you looking for private health insurance. You will have to pay for it our of pocket until you are eligible for Medicare. Social security will kick in three years before Medicare eligibility. This means you can start receiving benefits at the age of 62, but it comes with some repercussion. There will be reduction in payments since you have not reached retirement age.

If You Retire Later

Unlike retiring early, if you retire later in the workforce, you will be able to get Medicare. It is always best to look into retirement at the age of 65 or later. You are eligible for a special enrollment period when you are still on a group health insurance plan provided by your employer. After you turn 65 or later and you decide to retire, you will be able to enroll into Medicare during the special enrollment period. You must enroll no later than 8 months after the group health plan or employment ends.

Penalties

It is important to know that when you turn 65, you are automatically enrolled in Medicare. If you do not enroll when you’re first ineligible, then you may face penalties. For Part A, you can end up paying 10% more on monthly premiums for twice as long as you waited to sign up. For example, if you delayed signing up by one year, then you will pay the penalty for 2 years. As for Part B, you will have a 10% penalty for each full 12-month period you could have enrolled but did not. For example, if you waited 3 years to enroll, then you will have to pay an additional 30% on your monthly premium.

If you have any questions while retiring or need any clarification, EZ.Insure can help. We provide you with your own trained agent within your region that can answer any questions. For a quote, you can enter your zip code in the bar above, or contact an agent by emailing replies@ez.insure, or calling 855-220-1144. Our main mission is to inform you of plans and quotes, and help you sign up for free without hassle or jumping around from agent to agent. We make the process as easy as possible for you.

Planning Your Medicare Costs During Retirement

Many Americans are turning 65 every day, and can be overwhelmed with the retirement costs to come, especially when unprepared. It is important to plan for retirement and costs for Medicare. Most people underestimate the expenses during retirement. It is important to research medical costs and plan accordingly.

*As you get close to retirement, it is important to plan ahead for monthly Medicare costs. Medicare only covers 60% of costs, consider Medicare Supplement to cover the rest.*

Medicare only covers about 80 percent of costs, leaving retirees to pay the rest out of pocket. Over time, Medicare costs such as premiums will increase over time, so it is important to budget for this.

Find Out Medicare Costs and Additional Insurance

Depending on your preference, there are many possibilities for out-of-pocket expenses regarding your insurance. One of the main payments you will have are Medicare Part B monthly premiums and an annual Part B deductible. The annual deductible is roughly $183, and the monthly premium amount will depend on your income, which is on average $134 a month.

Medicare does not cover prescription drugs or dental and vision care, so if you would like extra coverage and relieve some of the financial burden, many people choose to buy a Medicare Supplemental Insurance or Medicare Advantage.

Long-term care insurance is also something you should consider, considering Medicare does not cover the majority of long-term care costs.

Figure Out Your Medicare Costs

It is important to account and budget for your medical costs within your retirement and social security funds.

*Monthly Medicare Part B Premiums for 2018. See how much your premiums will be.*

Medicare Part B premiums will depend mainly on your income.

There are 10 different kinds of Medicare supplement insurance plans to choose from. It is important to go over each plan, what they cover, and their costs to determine if it will fit within your budget. Plans F and G are typically the most popular because they offer the most coverage with an out of pocket limit. This means once you have reached the out of pocket limit, any other expenses will be covered by the company.

If you are looking into long-term care insurance, it can cost you nearly $100-$150 a month.

Taking all of these costs into consideration is important to determine your retirement costs, and have money left for other living expenses such as food, rent, etc.

Planning your budget during retirement can become very overwhelming. There are many different routes to choose when it comes to your medical needs. EZ.Insure can guide you in the right direction that meets your needs. We can help you estimate your budget and help you determine what you can afford with what you need. We can go over all the different kinds of Medicare Supplement Plans and Medicare Advantage Plans, and when you are ready, we can also help you through the process of signing up.

Enter your zip code in the bar above to get an instant quote. You can reach one of our knowledgeable agents within your region by calling 888-753-7207, or e-mailing replies@ez.insure. Our agents will help you with any questions you have, and guide through the process step by step, all at no cost to you. No commitment, no bouncing from agent to agent, no hassle. We make it easy.

Medicare Will Cover Glucose Monitors

Medicare is making some positive moves in the diabetes field. Not only are they now covering some continuous glucose monitors (CGMs), but they are also beginning to connect it to smartphones. Glucose monitors were not covered by Medicare last year. This left people with diabetes the only option of paying for it out of pocket. If they could not afford it, then they did not get one. These devices help diabetics manage their glucose levels. Now the readings can be transmitted to iPhones.

How A CGM Works

*Medicare will begin to cover 2 brands of continuoius glucose monitors.*

A sensor is worn on the arm or stomach area, and collects glucose data from under the skin. It will test glucose levels every few minutes and send the results to a monitor. The monitor will either be a part of an insulin pump, or a separate device you can carry. The monitor shows when a person’s glucose is going up, down, or staying steady. They are constantly working, even when the person is showering, working out, and sleeping. These devices will send an alert when the levels are high or too low. The sensors have to be replaced every 3 to 7 days depending on the model.

The Devices Now Covered By Medicare

The two CGM systems Medicare will now cover are Dexcom’s G5 Mobile and Abbott’s FreeStyle Libre. The two systems will be covered for beneficiaries with type 1 and type 2 diabetes. The Dexcom G5 Mobile monitors for up to a week and will send readings to an insulin pump or a wireless receiver such as a phone. This notifies the user when their levels are on the rise, falling, or steady.

The Freestyle Libre collects data up to 10 days from a sensor put into the arm. It will collect the data and the user will have to move a reader device over the sensor to check their levels. This device will show when a person’s glucose level is going up or down, but will not alert the user when it is out of range.

Smartphone Use

You can now connect your glucose monitor to your smartphone to keep track of levels. — *You can now connect your glucose monitor to your smartphone to keep track of your levels, and share with your doctor.*

Companies like Dexcom were able to develop these monitors the ability to transfer information to iPhones. Having levels sent to a smartphone will help users use the Share app. This app allows the user to share their glucose level information with their doctor and caregiver. However, one of Medicare’s conditions with the Dexcom Mobile device is that it is not covered if the person uses the smartphone app. Dexcom is trying to work things out with Medicare to get it covered.

Continuous glucose monitors were not covered by Medicare just a year ago. Now Medicare has loosened their restrictions, allowing two types of devices to be covered for beneficiaries. The only issue is within the limited conditions that it will not be covered if used with a smartphone. Medicare is currently under pressure by beneficiaries and these glucose monitor companies to come to some sort of agreement. Medicare is in talks with Dexcom. The company and users are hoping that the use of smartphones will be allowed, because it makes tracking levels and sharing them with doctors easier, which helps manage glucose levels.

The Benefits of Using EZ.Insure

Comparing and finding the best health insurance, Medicare Supplement, or Medicare Advantage plans can be a complicated process. Many people jump around different sites thinking that this will help them get the best price, but they are wrong. Shopping around like this can take up a lot of time , and it gives your information to tons of different companies. At EZ.Insure, we make it quick and easy and we make sure you work with one, and only one, agent who is there to make your life easier. Our purpose is to provide the best products and services at a fair price.

*EZ.Insure provides ou something other agencies do not- your own personal agent. No jumping around, and not hassle.*

There are many advantages to using EZ.Insure, one being receiving your very own knowledgeable advisor. You will not be bounced around from one agent to the next, instead, you will be assigned to and receive help from just one. Every one of our licensed advisors is highly trained and knowledgeable about your region’s health insurance options. The agent will be able to explain all the benefit options because we make sure to pair you with someone who works in your specific area! Your advisor will assist you in applying for coverage that meets all of your needs, within your budget. Because of these attributes, we assure you the best experience in customer service.

What EZ.Insure offers:

No Obligation– When using EZ.Insure, you can cancel your plan at any time. You can even cancel during the underwriting process, and up to 10 days after you receive your policy. Insurance companies will not charge you until you are approved. Most importantly, you are not obligated to buy a plan until you are ready. You can utilize your personal advisor as much as necessary, to search and compare plans without any obligation to purchase until you are certain you found the right plan.

Protected Privacy– People should never worry about your information being sold or traded when doing business. While some businesses break that ethical code, EZ.Insure does not. We will never sell, trade, or give away your personal information to anyone, unless related to the processing of your application. We ensure confidentiality at all times with the use of advanced privacy technologies. When you fill out our form along with quotes, you will immediately see the contact information of the agent you are being to assigned to. This ONE agent is the only person that will receive your information so you do not have to worry about dozens of agents calling and competing for your time.

Expanded Choices– EZ.Insure provides a wide selection of plans in your area so you can make the most informed decision for your healthcare needs. We do not benefit from whichever insurance company you choose to use. Our main goal is to provide you with plans from financially secure companies that provide the best service to their members. With all the plans we have to offer, you are sure to find a plan that meets your personal needs.

Our customer's needs are what is important to our team — *Our customer’s needs are what is important to our team. EZ.Insure values providing the best plan at the most affordable price.*

Fast Quotes– You do not have to wait for a long time to receive a quote, because once you answer a few quick questions, you will instantly get a list of plans to choose from. You can enter your zip code in the bar below to start getting quotes, it’s that simple.

Cost Effective– EZ.Insure can help you find plans with great benefits that cost less, even if you already have coverage. With our agency, you are guaranteed to save money.

At EZ.Insure, we are continuously researching the best information and technology to pass onto our customers. We offer more guidance than any other agency out there with our well equipped and informed agents in the industry. You will never have to worry about being bounced around from agent to agent, or receiving subpar information. Be informed of the top plans for your circumstances with the best price. Why do it the hard way, when you can do it the EZ way?

Start saving time and money by simply entering your zip code above to see quotes now or you can give one of our agents a call at 888-350-1890, or emailing us at replies@ez.insure.

Symptoms of Mental Illness in Seniors

With age comes some onset mental health issues. Depression and mood disorders are widespread amongst older adults. Most of the time it goes undiagnosed and untreated, which only worsens the conditions. Of course the person going through it is often unaware of the mental illness. According to the Centers for Disease Control and Prevention, CDC, it is estimated that about 20% of adults 65 and older have one or more mental health conditions. There are some symptoms and risk factors to look out for and recognize when help is needed.

Risk Factors

One of the problems that make it hard to diagnose mental health issues, is the fact that seniors will complain about physical problems than psychiatric ones. There are some risk factors that can trigger mental illnesses.

Alcohol or substance abuse
Chronic pain or disease
Physical disabilities
Grief or the loss of partner
Loneliness/Social Isolation
Medication interactions
Malnutrition or poor diet
Change of environment or major changes
Dementia-causing illness

Symptoms of Mental Illness

Sometimes we become forgetful as we get older, but once it begins to occur more often, it is a sign something is wrong. The most common mental illnesses a senior will experience is bipolar disorder, anxiety disorders, depression,

*Social withdrawl is one of the symptoms of a mental illness.*

and eating disorders. There are some simple symptoms that can be a warning sign to a mental health issue. Signs to look for are:

Changes in appetite, and weight
Changes in appearance, including maintenance of home.
Short-term memory issues, or memory loss.
Change in mood, feeling depressed for longer than a week.
Stressed or worried feelings.
Trouble managing finances, or handling tasks with numbers.
Increased aggression, aggressive behavior.
Physical issues without explanation such as headaches, constipation, aches, etc.
Loss of energy, or sleep problems.
Suicidal thoughts, thoughts of helplessness, or worthlessness.
Losing interest in things you enjoy
Social withdrawal

When a mental illness is discovered in a senior early on, it makes the situation better, more treatable. It is important to talk to your doctor with any of these issues you are experiencing. The more proactive you are, the faster it is to treat and prevent further issues. The worst thing you or anyone can do is brush it off. Do not let something like this slide, we are talking about your health. You are the key to living a healthier life, physically and mentally. So if there is a concern, or you begin to notice changes in your mental state, don’t hesitate to seek help. Talk to a loved one, or your family doctor.

Medicare “Step Therapy” To Lower Drug Costs

Prescription medication can be very expensive, and there is no way around it because it is necessary. However, Medicare has a way to make medication more affordable. The step therapy program allows Medicare to negotiate lower prices and help Medicare beneficiaries save money by offering cheaper medication options.

How Does Step Therapy Work?

Step therapy can be added to your prescription drug plan to offer less expensive medication. The plan will not pay for any of the drugs until you have tried the less expensive ones. It is like a trial and error kind of arrangement.

*Step Therapy offers people less expensive medicine that can be as effective, before having to buy the expensive one.*

First you take the generic form of the medicine, and if it does not work, then the doctor prescribes you another medication. If the second medication does not work, then your doctor will prescribe a different medication that works. However, the medicine that works will be expensive.

Medicare will not pay for the expensive drug unless you go through the step therapy. Once they take a glance and see that you did try the generic forms and they did not work, then they will pay. But if you do not follow the procedure, then the medicine may not be covered, and you will have to pay a lot out of pocket for it.

The CMS has announced that they will be offering the step therapy for Medicare Advantage plans starting January 2019. They estimated that Medicare Advantage beneficiaries spend almost $12 billion a year on drugs. Implementing this procedure will hopefully help control spending, and reduce out of pocket costs.

If you have any questions regarding this procedure, contact your doctor and find out if there are any generic forms of your medication. You can decide if this step therapy is right for you, especially if you are looking to save money. If you have questions or are looking for Medicare help, EZ.Insure is there to help. You will speak to your own knowledgeable agents that are trained for your area. We will go over all the different plans and provide you with quotes. You decide what works for you, and it is all free of charge. Start saving, enter your zip code in the bar above, or contact an agent directly by emailing replies@ez.insure or calling 855-220-1144.

Tag: medicare