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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…

Does Medicare Cover Hearing Aids? A Simple Guide for Seniors

As we get older, our hearing often starts to fade. You may notice everyone seems to mumble or your family members are always complaining about the tv volume. While this is a normal part of life, you may feel as if you’re missing out on important experiences. The simplest of activities can become tedious, and it can leave you feeling frustrated. Fortunately, thanks to advances in medical technology, you no longer have to suffer from your hearing loss. Today’s hearing aids work remarkably well, but they also come with a hefty price tag. Most Americans covered by Medicare might assume…

How to Prepare When Shopping for Insurance with a Medicare Checklist

A Medicare checklist is a great resource when it’s time to get more information about Medicare. Shopping for Medicare insurance can be overwhelming. If you’re wondering about how to keep your doctor or if you’re prescriptions are covered, it’s smart to ask. The team at SelectQuote helps you find an affordable Medicare insurance option to meet your needs and budget.  We created this Medicare checklist so when you contact your SelectQuote licensed agent for Medicare information, all the information is available to make sure we can help you find the right plan. Some of the things you will need when you…

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…

Understanding Medicare Enrollment Periods

Each year there are set times a person can enroll in Medicare or change existing Medicare plans. There are separate enrollment periods for Medicare Parts A and B (Original Medicare) and Medicare Part C (Medicare Advantage). Medicare Enrollment Periods Initial Enrollment Period (IEP) – the first time an eligible person can enroll in Medicare Parts A and B. This timeline begins three months before the month of a person’s 65th birthday and continues through the three months after a person’s 65th birthday. Initial Coverage Election Period (ICEP) – the first time a newly eligible person can enroll in a Medicare…

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…

Turning 65 Soon? How to Prepare for Medicare

Imagine (and maybe you don’t have to imagine) you are turning 65 years old later this year. A significant milestone, if for no other reason than becoming eligible to receive Medicare. What do you do? How should you prepare for it? What is next? Read Up On Medicare Eligibility And Coverage Individuals who turn 65 and have been paying into the Medicare system for at least 10 years (or have spouses who have paid) are among those automatically eligible for Medicare Part A. This part of Medicare covers inpatient hospital insurance, skilled nursing facility care, hospice care, and home health…

How to Prepare for the Cost of Aging with Long-Term Care Insurance

Insurance involves thinking about the possibility of misfortune—everything from a damaged car, to a damaged home, to damaged heath. And the older we get, the more we need to consider the possibility of long-term care (LTC) insurance to help in our twilight years. What is Long-Term Care Insurance? LTC is an insurance policy that pays for care when you can no longer manage yourself. Should you need to enter a nursing home, move to an assisted-living facility, use an adult daycare center or have a caretaker in your home, LTC can protect you, and family members, from financial disaster. How…

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…

What You Need to Know About Your Medicare Card

When you enroll in Medicare, you’ll receive a card that proves your enrollment. Like most other health insurance cards, you present the card when you get medical care. Social Security and Your Medicare Card If you’re turning 65 and you’re already receiving Social Security benefits, you’ll get a Medicare card automatically – it should show up in the mail three months before your 65th birthday. If you’re turning 65 and not yet getting Social Security benefits, or if you need Medicare for other reasons, you can apply in three different ways: online at www.socialsecurity.gov, by calling Social Security (800-772-1213) between…

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