Health Conditions

Know Medicare Extra Help Program for Prescription Drugs

If you have Medicare, you may already be getting Medicare prescription drug coverage. But if you have limited resources, you might be eligible for additional help. The Medicare Extra Help Program can help beneficiaries with limited income afford their medications.  Also known as Medicare Part D Low-Income Subsidy (LIS), the Extra Help Program may cover some to most of your out-of-pocket prescription drug costs. To make sure you aren’t missing out on the opportunity for additional savings, let’s see if you qualify for extra assistance. Who is Eligible for the Medicare Extra Help Program? Eligible applicants will meet all of the following requirements: You are enrolled in a Prescription Drug Plan (PDP) – Medicare Part D  – or a Medicare Advantage Plan that includes a prescription drug benefit (MA-PD). You are a resident of one of the 50 states or Washington, D.C. Your resources are limited to $14,390 for an…

How to Get Dental Coverage on Medicare

If you’re wondering how to get dental coverage once you’re on Medicare, look no further. Dental coverage is important when dealing with tooth decay, gum disease, receding gums and oral cancer. These are just four of the top dental problems experienced by older adults. Regular visits to your dentist help with prevention and early detection. This can save you pain and money down the road. In fact, the American Dental Association recommends visiting the dentist once or twice a year, if not more often. Luckily for those age 65 and older, dental coverage on Medicare comes with several options to protect both your oral health and your wallet. No Dental Coverage on Original Medicare Original Medicare – Parts A and B, don’t cover most dental services. Cleanings, fillings, tooth extractions, dentures, dental plates and other dental devices are 100 percent the responsibility of the patient under Original Medicare. Medicare Part…

Cancer Survivors: How to Get Life Insurance Coverage

If you’re a cancer survivor, you know how much your diagnosis – no matter how long ago – changed your life. The good news is, more people than ever before are cancer survivors, living rich, full, healthy, active lives. Unlike years ago, when a cancer diagnosis made it nearly impossible for cancer survivors to find life insurance coverage, today you have options. The number of survivors from all forms of cancer is steadily growing. In the United States, it’s around 15 million and is expected to reach more than 20 million survivors in the next seven years. Just like continued checkups and care are necessary for your health as a cancer survivor, taking care of your financial peace of mind is also important. Unlike years ago when a cancer diagnosis made it nearly impossible to find life insurance coverage, today you have options. Life Insurance Coverage for Cancer Survivors Here…

Busting the Top 10 Medicare Myths

Healthcare is one of the single most expensive and important parts of your retirement. Most Americans don’t fully understand how Medicare works. Misunderstandings surrounding Medicare can be costly, so here are 10 of the most common Medicare myths. It’s checkup for your health and your money. Myth 1 – Medicare and Medicaid are the Same Thing They sure sound alike, but Medicare and Medicaid are actually two totally different programs. Medicare is a federal program that provides insurance to people ages 65 and older. Some people with disabilities or people who are on dialysis may also qualify for coverage. Since it is an insurance program, it runs similar to other health insurance coverage. Patients are usually responsible for deductibles and premiums, depending on your coverage. Medicaid is an assistance program that offers healthcare coverage for certain people of all ages based on various factors. Coverage is available to some low-income…

Vision Coverage on Medicare: What You Need to Know

Millions of Americans experience vision problems. This number continues to rise as the population ages. In fact, a study by the National Institutes of Health indicates that by 2050 the number of Americans with a vision problem will hit more than 8 million people, double what it is today. If you’re on Medicare and experience vision problems, you may be wondering about your coverage for eye exams and vision care. The risk of vision loss increases with age but most routine eye exams are not covered by Basic Medicare (Parts A and B). So what is covered and what do you need to know about your vision coverage on Medicare? What Eye Exams are Covered on Basic Medicare? Medicare Part A, or hospital insurance, does not cover eye exams or vision unless the treatment takes place during hospitalization. For example, if you experience trauma to the eye and go to…

Options When You Must Pay for Medical Care

Obtaining quality medical care sometimes comes with a high price that you must pay. Whether for an elective procedure such as cosmetic, bariatric or laser eye surgery, or medically necessary surgery that is out-of-network or exceeds your coverage limit, you may face thousands of dollars of medical debt. Although the thought of coming up with a pile of cash to pay off medical bills may seem daunting, you have choices when it comes to financing medical debt. There’s no need for you to postpone or refuse important medical care because of high costs. Here are a few financing options to consider: Medical Loan   A medical loan is a personal loan you apply toward healthcare expenses. You can consolidate your existing medical debt or to cover an emergency or planned procedure or pay for charges your insurance doesn’t cover. Here are key factors to consider in shopping for a medical…

High Blood Pressure No Barrier to Life Insurance

If you’re among the 75 million Americans – that’s one in every three adults – with high blood pressure, there’s a lot you can do to control it and reduce your risks of heart disease and stroke. Living well with high blood pressure (hypertension) also means you can qualify for life insurance even if you’ve never applied, are middle age or older, or have been turned down previously. Underwriters – the people who review your life insurance application and assess if you’re a good candidate for insurance coverage – look at your overall health and your lifestyle, along with your blood pressure history. Here are some common questions about how insurance companies assess individuals with a chronic health condition such as high blood pressure: Is High Blood Pressure a Major Concern for Getting Life Insurance? If you’re getting proper medical care for your hypertension and it’s well under control, quality…

On Medicare? Is Your Flu Shot Covered?

There are a lot of questions that go into planning for retirement, and some of those questions concern healthcare costs. Among the more simple, straightforward questions many people have is this one: “Does Medicare cover flu shots?” The basic answer is, “Yes.” But to understand flu shot coverage, we need to do a basic lesson in Medicare 101. A lot of supplemental types of insurance have been added to the world of Medicare, but the essential program known as “Original Medicare,” is made up of two parts: Medicare Part A: Hospital insurance that covers inpatient hospital stays, care in a skilled nursing facility, hospice care and some in-home care. Most people receive Medicare Part A without paying a premium. Medicare Part B: Medical insurance that covers certain doctors’ services, outpatient care, medical supplies and preventive services. Some people get Medicare Part B without paying a premium, but most people do…

An Easy Way to Budget for Life Insurance

We all know how important it is to have life insurance. And we know it’s usually better to get that life insurance when you’re young and healthy, rather than waiting. However, “young and healthy” can often translate to “short on funds.” At SelectQuote, we’re dedicated to helping you get the best deals on life insurance, but when you’re already budgeted to the max, even the best deal can feel like too much money you just don’t have. If you’re looking for places to trim your budget so you can invest in life insurance, one of the easiest and most effective places to start is with your eating habits. Dine In. Save Money. According to the Bureau of Labor Statistics, the average American household spent about $3,365 dining out in 2017. As a side note, that’s less than $50 fewer than what they spent on health insurance. More importantly, it’s almost…

Diabetes Dilemma: How to Get the Best Life Insurance

A diabetes diagnosis does not mean it’s impossible to get approved for a life insurance policy. Top insurance companies understand which health factors matter when you have a chronic condition such as diabetes. Here are answers to common questions about life insurance coverage for diabetics: How do Insurance Companies Decide Eligibility for Life Insurance for Diabetics? Your overall current health, your age and your gender all considered in the approval process. You must prove your diabetes has been under control for at least 6 to 12 months, as measured through blood tests. Insurers will also look at your overall health, including your lifestyle, diet, whether you smoke, your exercise habits, what medications you take and how you manage your blood sugar level. Does it Matter Whether I Have Type 1 or Type 2 Diabetes? Most diabetics – 95 percent of the 30 million Americans with diabetes – have Type 2 diabetes.…

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