scott sims

Medicare Advantage Plans have become an increasingly popular option for seniors looking to enroll in Medicare. Over the past ten years, enrollment in Medicare Advantage Plans has grown rapidly, with over 28 million Medicare beneficiaries now enrolled in a Medicare Advantage Plan in 2022. This represents nearly half of all seniors on Medicare. With annual open […]

If you have Medicare Part B medical insurance, chances are your monthly premium is automatically deducted from your Social Security benefit payments. This convenient option eliminates the need to make separate premium payments to Medicare. However, in some cases Social Security may stop withholding your Medicare Part B premium on your behalf. Getting a bill

Medicare provides health insurance for Americans aged 65 and older as well as younger people with disabilities. But with different parts, plans, and enrollment periods, Medicare can be complex to navigate. If you are approaching Medicare eligibility or have had it for a while, you may be unsure of your current coverage status. How do

Medicare Advantage is a popular alternative to Original Medicare offered by private health insurance companies. Over 28 million Medicare beneficiaries are enrolled in Medicare Advantage Plans in 2022. But there is some confusion around whether Medicare Advantage involves any financial risk for insurers. Is Medicare Advantage a risk-based model? Let’s take a closer look. What

Medicare Part B medical insurance helps pay for a wide range of healthcare services from doctor visits to durable medical equipment. But unlike Part A coverage, most people do have to pay a monthly premium for Part B coverage. What is the Medicare Part B premium cost and when do you have to pay it? Medicare

If you’re eligible for Medicare based on your own or a spouse’s work record, you likely qualify for premium-free Part A hospital insurance. However, to ensure you have full Medicare coverage, you’ll also need to enroll in Part B medical insurance. Part B helps cover services like doctor visits, outpatient care, and preventive services. But

At What Income Level Do Medicare Part B and D Premiums Increase? Understanding how your income limit affects your Medicare premium costs can be confusing. Amounts for Medicare Part B and Part D premiums can increase significantly once your income exceeds certain thresholds based on your tax return from two years earlier. This comprehensive guide

What is the Out of Pocket Maximum for Medicare in 2023 If you are enrolled in Medicare or planning to enroll soon, you may be wondering how much you will have to pay for your health care services in the . Medicare is a federal health insurance program that covers people who are aged 65

Does everyone pay the same for Medicare? Turning 65 soon and wondering what Medicare will cost you next year. With Medicare, how much you pay in premiums each month depends on a few key factors. While some enrollees fork over the standard base premium rates, others pay more based on their coverage choices and income.

How much is taken out of social security for Medicare in 2023? Understanding Medicare premium deductions from Social Security requires unraveling some complexities. In 2023, the standard monthly Part B premium will be $164.90 for most people. However, higher earners get hit with larger amounts based on income tiers that raise rates through IRMAA. Having