This is Part 7, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. For those approaching 65 and just learning about Medicare, Medicare Part C (also known as Medicare Advantage, or MA for short) is perhaps the least understood part of Medicare. Medicare [Learn more…]
Insurance & Risk Management
How To Choose A Medicare Part D Prescription Drug Plan
This is Part 6, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In a previous article, I explained the who, what, and when of Medicare Part D, Medicare’s prescription drug program for seniors. I devote this article to describing the “how” – [Learn more…]
Medicare Part D: Prescription Drug Coverage
This is Part 5, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Welcome back to Sesame Street (for seniors). Today, we are going to talk about the letter “D”. (Sorry, but I couldn’t resist). Medicare Part D covers outpatient prescription drugs. You [Learn more…]
Medicare Supplemental Insurance (Medigap) – Paying More to Pay Less
This is Part 4, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. Medicare Supplemental Insurance, or Medigap for short, is optional insurance that you can buy separately from a private insurer to cover many out-of-pocket costs of traditional Medicare. As I described [Learn more…]
Medicare Part B: A great health care companion, but it doesn’t like to be kept waiting
This is Part 3, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In this article, I discuss Medicare Part B – sometimes referred to as retiree “Medical Insurance”. Part B purportedly focuses on the services, diagnostic tests, and medical equipment that doctors [Learn more…]
Medicare Part A – Is it Really Free?
This is Part 2, of 7-part series, read the other parts here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7. In last month’s newsletter, I gave a summary of Medicare, the Federal government insurance program that covers a large portion of health care expenses for seniors and people with certain [Learn more…]
Health Savings Accounts: A sensible way to save for health-related expenses
Health Savings Accounts (HSAs) were signed into law in 2003 by George W. Bush. HSAs are bank or brokerage accounts that allow you to save for qualified medical expenses. Many people do not fully understand how these accounts function or how they may be beneficial, even though they have been available for nearly [Learn more…]
