Medicare Prescription Drug Plan Deductible – How Does It Work?

Posted on Leave a commentPosted in Part D Precription Drug, Prescription Drug Plan

A client called this morning and asked this question: “Dan, I went to refill my prescription and was quoted almost double what I paid in 2018.“ Medicare Part D Prescription Drug plans reset each year on January 1. What that means is the prescription drug benefit levels start over at what is called the Deductible […]

Medicare 2019 Part A and Part B: Premium and Deductible Changes

Posted on Leave a commentPosted in Medicare A & B, Medicare supplement

On October 12, 2018, the Centers for Medicare & Medicaid Services (CMS) released the 2019 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs. Medicare Part A Deductible Medicare Part A covers covers inpatient hospital, skilled nursing facility, and some home health care services. The annual inpatient hospital deductible that […]

Fidelis is terminating some Medicare Advantage Plans in NY

Posted on Leave a commentPosted in Medicare supplement, Part C Medicare Advantage, Part D Precription Drug, Prescription Drug Plan

Fidelis Legacy Plan has informed thousands of Eastern New York State Medicare beneficiaries that their Medicare Advantage Flex HMO plan won’t be offered in 2019. Click Here for Copy of Notice in PDF Format. So what happens next?   Individuals who don’t take action before December 31, 2018 will lose their prescription drug coverage and […]

Medicare’s Observation Status Makes Inpatients Into Outpatients (via NPR)

Posted on Leave a commentPosted in Medicare A & B, Patient Health

Beware of the “Admitted for Observation” Billing Code A daughter’s story: “An ER doctor examined her, saw that she couldn’t move her leg, couldn’t really even hold her body upright and had trouble with her memory. He said he would admit her to the hospital’s observation unit to figure out what was going on. He […]

Long term care insurance

What About Long Term Care of Your Future Aches and Pains?

Posted on Leave a commentPosted in Life Insurance, Long-Term Care

I’m sharing below a concise Bloomberg summary of how long term care insurance has been dragging General Electric Company. Coincidentally, this week I met with a client facing a LTC premium increase from $3902 to $5248 annually. Her long term care insurance company did offer some reduced benefit options but no guarantee premiums won’t be […]