Understanding New Medicare Part D Changes

older man consulting current prescription medication while evaluating new medicare part d changes

Key Takeaways Beginning in 2024, new Medicare Part D changes went into effect. The 5% coinsurance requirement for Part D beneficiaries in catastrophic coverage was removed; this essentially caps out-of-pocket spending at around $3,300 for 2024. In 2025, a new $2,000 out-of-pocket spending limit begins for Part D beneficiaries These changes may result in an…

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Fitness Benefits & Medicare: What to Know About Medicare Gym Memberships

women working out on exercise bikes using medicare gym memberships

Staying physically active is essential to maintaining our health and overall well-being as we age. Medicare, the federal health insurance program primarily designed for individuals age 65 and older, recognizes the importance of regular exercise in maintaining a healthy lifestyle. In this article, we explore information about Medicare gym memberships, providing insights into popular fitness…

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How Many Medicare Advantage Plans Are There?

Pensive man

Over recent years, Medicare Advantage (Part C) plans are becoming an increasingly popular option for Medicare beneficiaries. According to the Kaiser Family Foundation, 48% of eligible Medicare beneficiaries were enrolled in these plans as of 2022. That popularity has resulted in continued increases in the number of Medicare Advantage plans available to Medicare beneficiaries —…

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Who Qualifies for Medicare Advantage Plans?

Happy man at laptop

If you’ve been browsing through Medicare plans, you’ve probably heard about Medicare Advantage plans. You might be wondering who qualifies for Medicare Advantage plans and whether these increasingly popular plans would suit your health care needs. In this guide, we’ll help you understand if you’re eligible for a Medicare Advantage plan. We’ll also give you…

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Five Things To Know About Medicare Advantage Networks

Networks are often a confusing topic for beneficiaries of any type of insurance. When it comes to Medicare, one of the more popular options is Medicare Advantage (Part C). Unlike Original Medicare (Parts A & B), the private insurers that offer Medicare Advantage plans contract with health provider networks. This can result in cost savings…

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When Should I Change My Medicare Plan?

Woman calculating Medicare Costs with a calculator.

Changing your health insurance coverage, particularly with Medicare, can seem overwhelming due to the variety of plan types available. These range from Original Medicare to Medicare Advantage and Medicare Supplement, each with distinct costs, benefits, and coverage levels. However, if you’re thinking of switching your Medicare plan, there are several key factors to consider before…

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What Changes Can I Make to My Medicare Advantage Plan During Open Enrollment?

medicare advantage open enrollment

Medicare’s Open Enrollment Period gives anyone currently enrolled in a Medicare Advantage Plan — or those considering one — an opportunity to evaluate their current coverage, change their current coverage, or enroll in a Medicare Advantage plan. While this valuable time period allows individuals enrolled in Medicare Part D (Prescription Drug Coverage) to update their…

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Do I Need a Medicare Prescription Drug Plan?

do i need medicare part d

Medicare Part D — also known as Medicare drug coverage or Medicare prescription drug plans — helps cover the cost of prescription drugs. Part D plans are provided through private insurance companies, but are government-regulated and work with existing Medicare coverage. One of the benefits of enrolling in Part D coverage is these plans may…

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What is Medicare Supplement Insurance?

What is Medicare Supplement?

Original Medicare doesn’t cover all of the health care services that you may need. In order to stay healthy and avoid unexpected out-of-pocket costs, you may want to consider Medicare Supplement Insurance. Read on to learn more about Medicare Supplement Insurance, including how it works, what it covers, and the recommended time to enroll. What…

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A simplified guide to Medicare Advantage plans and enrollment

Figuring out Medicare Advantage

If you’ve been shopping for Medicare plans, you’ve probably heard about Medicare Advantage plans. You might have questions about what these plans are and how they’re different from other Medicare plans. This guide will help you understand what Medicare Advantage plans offer and how you can enroll. We’ll also answer questions about how to manage…

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Low Premium Medicare Advantage Plans: What To Know

Get health coverage with low Medicare Advantage premiums.

When you start to look at Medicare enrollment options, the whole process may seem confusing with multiple plan types and their associated costs. You might be shocked to learn that some Medicare Advantage plans have low or no monthly premiums, depending upon eligibility. That’s right — some of the Medicare Advantage medical plans have a…

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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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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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