Showing posts from November, 2017

Medicare Changes for 2018

Even though we are knee deep in the 2017 AEP I thought I would take a quick moment to update all our Medicare recipients. Finally, the Centers for Medicare and Medicaid Services (CMS) has announced that the Part B 2018 Premium for Medicare will remain at $134 a month.Usually we hear rumors about changes before October every year so this does not come at a surprise. As usual, some of you will pay higher Part B premiums due to your income level. If you are new to Medicare, make sure you contact the social security office for clarification on what you will be required to pay.Now let’s look at the Medicare outline that CMS finally has released regarding other costs such as co-pays and deductibles. The good news is that the Part B annual deductible will be unchanged at $183 a year. This is great news for Medicare recipients and for myself. Appointment after appointment I have been telling everyone that the Part B deductible will probably be the same for 2018 without any concrete evidence f…

Medicare Part B 2018 Update

It is the middle of November 2017 and we are already halfway through the Annual Enrollment Period and there still seems to be a lot confusion relating to Medicare Part B. Some folks have no idea what they’ll be paying, some don’t know when they should start it, some don’t know how to sign up for it, and then some don’t even know what Part B is or what it does.First, Part B is the medical portion of your Medicare, meaning it covers about 80% of your doctor/specialist visits, surgeries, outpatient procedure, x-rays, MRI’s, cat-scans, ER visits etc. To clarify, when you have both Parts A & B you are about 80% covered as far as costs, you then need to make a decision regarding Part C or Medigap supplement insurance to fill in the gap.One thing I notice a lot is that I meet numerous people who are insured under employer plans because they continue to work past age 65 but have both Parts A & B of Medicare already in place. When you turn age 65 you are automatically enrolled into Par…