Downsizing Tips for Retirees

Downsizing in retirement

As you approach retirement, you might be interested in downsizing. Let’s take a look at the benefits, what it means for you and your family, and some tips to help you get started. What is downsizing? Typically, downsizing means selling your large family home in order to move to a smaller one. For example, you…

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Does Medicare cover prescriptions?

Does Medicare cover prescriptions?

Prescription drugs are an integral part of health care. If you don’t have insurance coverage for them, they can also end up being the most expensive. If you’re on Medicare, you might be wondering how your prescriptions are covered by the plan. This guide will walk you through which prescriptions are covered by which parts…

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Is Medicare mandatory?

Is Medicare mandatory?

If you’re in your early 60s, you’re probably starting to hear a lot about signing up for Medicare. You might be wondering if Medicare is required, and you might have questions about your options. This guide will help you understand if Medicare is required for you. We’ll cover situations where it is strictly required and…

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Does Medicare cover dental?

Medicare Dental

Medicare insurance plans can be confusing, especially if you’re trying to figure out what’s covered. Unfortunately, Original Medicare does not include dental coverage. However, there are some auxiliary Medicare coverage options for dental. Knowing the options available in your area will help you make informed decisions about your health care and budget. Original Medicare Original…

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Understanding the ANOC (Annual Notice of Change)

ANOC

Each year in September, anyone enrolled in a Medicare Advantage (Part C) or Prescription Drug (Part D) plan receives an Annual Notice of Change (ANOC) in the mail. While you may be tempted to toss it with your other junk mail, this is an important piece of information you should review. The ANOC is sent…

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How to avoid the Part D penalty

Part D

Late penalties apply to two Medicare programs: Medicare Part B and Medicare Part D. Sometimes, enrolling late in either of these Parts can lead to penalties — some are even permanent. When it comes to Part D, there is a monthly penalty that can last the entire time you are enrolled in Medicare! Fortunately, there…

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Open enrollment vs. Guaranteed Issue

Do I have Guaranteed Issue?

Whether you’ve already decided on a Medicare Supplement Insurance policy or you’re still weighing your options, you need to know when is the right time to purchase your plan. There are a few key things you need to know before it’s time to enroll in Medicare Supplement Insurance. Medicare Supplement Open Enrollment Every Medicare recipient…

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Annual Enrollment Period Basics

Annual Enrollment Period research

There are various Medicare enrollment periods throughout the year. Let’s go over the basics of the Annual Enrollment Period (AEP), the changes you can make during this time, and where to get help if you have questions. What is Medicare AEP? AEP is Medicare’s Annual Enrollment Period, also called the Annual Election Period. AEP is…

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6 Things to Know about Medicare Networks

Doctor and Nurse discuss patient chart

Networks are often a confusing topic for beneficiaries of any type of insurance. When it comes to Medicare networks, it’s hard to know which Medicare plan types have networks and which don’t. Here are answers to six of the most common questions we receive about networks.  1. What is an HMO? HMO stands for Health…

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