Medicare News Today!

The latest updates in Medicare, Social Security, and your Health.

Medicare and You: Traveling Abroad

Understanding Part D of Medicare and your True Out of Pocket Cost

February 27, 2019

Medicare Part D’s True Out-of-Pocket limit is the gateway between the donut hole and catastrophic coverage. What does that mean for beneficiaries?

How Medicare Benefit Periods Work

March 4, 2019

Medicare covers many of the costs associated with inpatient care facilities up to a certain point. Understanding benefit periods is important to knowing your coverage.

What Does MACRA Mean for You?

March 4, 2019

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) made some significant changes to Medicare. Here’s what they are and how they affect Medicare beneficiaries and their coverage.

When Should You Take Social Security?

March 5, 2019

Taking Social Security benefits before you reach full retirement age may not be in your best interest.

We’ll cover Social Security benefit eligibility and factors to consider when deciding when to take Social Security.

The strategies for maximizing benefits can get complex—talk to your financial planner if needed.

4 Ways to Cover Health Care Costs in Retirement

March 5, 2019

Medicare isn’t a perfect shield against unexpected health care costs in retirement. Indeed, health-related expenses accounted for three of the top five financial shocks cited in a recent survey of retirees.1

Time is running out to switch or ditch your Medicare Advantage Plan

March 18, 2019

Because you only get one shot to make a change, be sure you know what you're signing up for if you choose another plan.

If you want to return to original Medicare, which consists of Part A (hospital coverage) and Part B (outpatient coverage), you'll also need to sign up for a stand-alone Part D 

DOES MEDICARE COVER GENETIC TESTING?

April 4, 2019

Medicare’s coverage of genetic testing is fairly limited. When it does cover these tests, they can make a huge difference in one’s health care planning and knowledge. When are those circumstances?

WHEN SHOULD I BEGIN DISCUSSING MY WILL?

May 2, 2019

Writing your last will and testament may not be the most fun topic to discuss, but getting your final wishes written down is essential. Here’s when you should start the discussion.

Medicare Is not Going Bankrupt

May 2, 2019

Claims by some policymakers that the Medicare program is nearing “bankruptcy” are highly misleading. Although Medicare faces financing challenges, the program is not on the verge of bankruptcy or ceasing to operate.

3 Common Medicines You Should Never Mix

June 10, 2019

Americans take medications each day, either prescribed or over-the-counter. The chemistry behind these pills is complex, and taking multiple drugs at once can make for dangerous combinations. In fact, one in six seniors take dangerous combinations each day!

UNDERSTANDING YOUR MEDICARE EXPLANATION OF BENEFITS

August 6, 2019

It can be difficult to keep track of how you use your Medicare plan and what it covers. That’s where your Medicare Explanation of Benefits comes in handy.

WHAT IS HAPPENING TO MEDIGAP PLAN C AND F IN 2020?

September 5, 2019

In 2020, Medicare Supplement Plans C and F will start to be phased out. What does this mean for plan holders and future Medicare enrollees?

YOUR FORMULARY: KNOWING WHAT’S COVERED


November 5, 2019

When considering a Medicare Part D drug plan’s affordability, don’t forget to review its formulary. Here’s what you should know.


WHAT ARE THE STEPS TO ENTERING A NURSING HOME?

December 9, 2019

Moving into a nursing home can be a massive decision. Here are the general steps you should take for moving into a senior care facility.


DOES MEDICARE COVER HOME HEALTH CARE?

January 27th, 2020

Sometimes, in our health journeys, it may be necessary to look into home health care services. What are these services, and does Medicare cover them?

Here’s how to appeal higher Medicare premiums

March 2, 2020

While the standard monthly premium for Medicare Part B is $144.60 this year, some beneficiaries pay as much as $491.60.

If your income is different from what the Social Security used to determine whether you’re subject to those surcharges, there is a process for asking the agency to reconsider.

CMS ANNOUNCES EXPANDED TELEHEALTH BENEFITS FOR COVID-19 OUTBREAK

March 18, 2020

As the public and government work to contain the COVID-19 outbreak, Medicare will be expanding its coverage of telehealth services to encourage beneficiaries to stay safe at home for their health care needs.

HOW YOUR INCOME AND IRMAA AFFECT YOUR MEDICARE PREMIUMS

May 4, 2020

Depending on certain factors, you may pay a different Medicare Part B or D premium. One of these is the Medicare IRMAA, which is based on your annual income.

CMS ANNOUNCES LOWER COSTS FOR INSULIN IN 2021


June 11, 2020

On Tuesday, May 26, 2020, CMS announced that insulin costs will be capped in 2021 for Medicare Part D and Medicare Advantage plans. What does this mean moving forward?

WHAT YOU SHOULD KNOW WHEN ENROLLING IN MEDICARE


July 20, 2020

When you're getting ready to enroll in Medicare for the first time, it can be intimidating. Let us help guide you through the process!

HOW AND WHEN CAN I CHANGE MEDICARE PLANS?

August 31st, 2020

If you don't love your Medicare plan or need to change for whatever reason, when are you allowed to make that change and how do you switch plans?

Understanding Your Medicare Advantage MOOP Limit

January 19, 2021

A major benefit of most Medicare Advantage plans is their maximum out-of-pocket limit. Here’s what you need to know about the Medicare MOOP limit for your plan.

How Does Prior Authorization Affect Medicare Coverage?

February 16, 2021

Prior authorization can influence the care and coverage you receive through Medicare, but it influences different parts uniquely.

3 Accounts That Can Maximize Your Medicare

March 16, 2021

Medicare can be complex, but there are three programs that are worth creating accounts for that will help you get the most out of your coverage.

What Certifications & Training Does a Medicare Sales Agent Need?

April 20, 2021

Trust is essential in any relationship, especially one with someone who's supposed to help you find a Medicare plan. Luckily, agents who sell Medicare plans must complete specific certifications and trainings!

Understanding Medicare Part D’s True Out-of-Pocket Limit

June 21, 2021

Medicare Part D’s True Out-of-Pocket limit is the gateway between the donut hole and catastrophic coverage. What does that mean for beneficiaries?

Am I Eligible for Medicaid?

August 3, 2021

Medicaid is Medicare's sister program, designed to help those with a financial need get health care coverage. But eligibility isn't always that straightforward. Here's what you need to know.

Does Medicare Cover Respite Care?

January 2022

Being a caregiver for a loved one receiving hospice care can be difficult. Respite care can give you a chance to rest and recharge, but does Medicare cover it?

What are State Pharmaceutical Assistance Programs?

February 2022

If you need assistance with your Medicare Part D costs, an SPAP may be an option for you. What are State Pharmaceutical Assistance Programs, and are you eligible for one?

How to Help Seniors in Your Community Who Live Alone

April 2022

Photo courtesy of Pexels


Aging is a normal experience in life. And while you age, it's like being a child with a conscience. You need help with almost everything, movement, cooking, self-care, and even company. Luckily, many seniors get help from friends and primarily relatives. If you are lucky, they invite you to move in.

Unfortunately, this isn't the reality for every senior. Some might be fortunate to get a nurse or an assistant, but others aren't so fortunate. Due to unavoidable circumstances like death, financial situation, and working locations of loved ones.

Luckily, we have people like you willing to help older adults when no one else is around. C&C Financial Insurance lists a few tips and tricks that will help you through the whole experience.

Encourage socialization

Heart Matters magazine points out that socializing is the main way of combating loneliness. Encourage them to make friends and create conversation. Social life in a senior can be achieved through:

● Engaging in activities around the community

● Taking them on little trips for exploration

● Invest in medical tools that will improve socialization, like getting a hearing aid

● Work on their mobility through exercise and taking walks

● Encourage them to get a roommate

● Help the nurture existing relationships

● Encourage them to take up a hobby that will help them socialize

Be keen on any signs of depression

Research shows that 11 million adults aged 65 and over live alone. And due to the loneliness that comes with being alone and isolated, one is prone to mental health issues like depression and anxiety.

It's crucial that you are always looking for signs of depression and ways to deal with it.

● Help them find mental health care services covered by Medicare.

● Do not mistake it with sadness - physical pain such as severe headaches, or arthritis is a common source of depression among elders.

● Health issues can cause depression.

● Insomnia can be a sign that they are depressed.

● Depression in older adults is often ignored, so it might be misdiagnosed.

● Focus on physical symptoms.

● Learn about the differences between depression and dementia.

● Be on the lookout for any changes, such as changes in their day-to-day activities.

● Be supportive

● Make the depression experience more manageable and easy for them.

● Help them manage stress with stress management techniques like mindful breathing and improving their diet.

● Talk to them about their experience and feelings.

Day-to-day ways you can show you care

As seniors grow older, simple things become so much harder for them. Helping with these activities will significantly impact both your lives. Here are some ideas that will help:

● Help them clean their space; you can do this by yourself, or let them do simple activities to get their physical fitness in check.

● Provide financial help; this can be done by recommending a financial advisor to help them make financial decisions. Put them in touch with the pros at C&C Financial Insurance so you can be sure the senior’s Medicare is working for them in every way possible.

● Also, simple tasks like calculation of financial details. For instance, they want to sell their home. You can help them by calculating an estimate on how much they'll get from the house before hiring an agent

● Provide emotional support; this applies to seniors who lost a spouse or family. Also, this is also applicable to those experiencing loneliness and isolation.

● Be gentle with any contact initiated.

● Take them out once in a while.

● Consider getting them a pet.

● Be mindful of how the experience affects you.

● Offer them a sense of security.

● Consult a professional whenever necessary.

Conclusion

Take care of yourself to provide the best care for a senior in need. Ensure that the experience of taking care of a senior is beneficial to both of you.

Don't let medical bills rob you of your retirement goals. Contact C&C Financial Insurance today for your free Personalized Medicare Evaluation at (267) 733-7277!




For more information about services mentioned in this article visit http://ElderFreedom.net

CMS May Use 2022 Savings to Lower 2023 Medicare Part B Premiums

June 2022

Photo courtesy of Pexels


Aging is a normal experience in life. And while you age, it's like being a child with a conscience. You need help with almost everything, movement, cooking, self-care, and even company. Luckily, many seniors get help from friends and primarily relatives. If you are lucky, they invite you to move in.

Unfortunately, this isn't the reality for every senior. Some might be fortunate to get a nurse or an assistant, but others aren't so fortunate. Due to unavoidable circumstances like death, financial situation, and working locations of loved ones.

Luckily, we have people like you willing to help older adults when no one else is around. C&C Financial Insurance lists a few tips and tricks that will help you through the whole experience.

Encourage socialization

Heart Matters magazine points out that socializing is the main way of combating loneliness. Encourage them to make friends and create conversation. Social life in a senior can be achieved through:

● Engaging in activities around the community

● Taking them on little trips for exploration

● Invest in medical tools that will improve socialization, like getting a hearing aid

● Work on their mobility through exercise and taking walks

● Encourage them to get a roommate

● Help the nurture existing relationships

● Encourage them to take up a hobby that will help them socialize

Be keen on any signs of depression

Research shows that 11 million adults aged 65 and over live alone. And due to the loneliness that comes with being alone and isolated, one is prone to mental health issues like depression and anxiety.

It's crucial that you are always looking for signs of depression and ways to deal with it.

● Help them find mental health care services covered by Medicare.

● Do not mistake it with sadness - physical pain such as severe headaches, or arthritis is a common source of depression among elders.

● Health issues can cause depression.

● Insomnia can be a sign that they are depressed.

● Depression in older adults is often ignored, so it might be misdiagnosed.

● Focus on physical symptoms.

● Learn about the differences between depression and dementia.

● Be on the lookout for any changes, such as changes in their day-to-day activities.

● Be supportive

● Make the depression experience more manageable and easy for them.

● Help them manage stress with stress management techniques like mindful breathing and improving their diet.

● Talk to them about their experience and feelings.

Day-to-day ways you can show you care

As seniors grow older, simple things become so much harder for them. Helping with these activities will significantly impact both your lives. Here are some ideas that will help:

● Help them clean their space; you can do this by yourself, or let them do simple activities to get their physical fitness in check.

● Provide financial help; this can be done by recommending a financial advisor to help them make financial decisions. Put them in touch with the pros at C&C Financial Insurance so you can be sure the senior’s Medicare is working for them in every way possible.

● Also, simple tasks like calculation of financial details. For instance, they want to sell their home. You can help them by calculating an estimate on how much they'll get from the house before hiring an agent

● Provide emotional support; this applies to seniors who lost a spouse or family. Also, this is also applicable to those experiencing loneliness and isolation.

● Be gentle with any contact initiated.

● Take them out once in a while.

● Consider getting them a pet.

● Be mindful of how the experience affects you.

● Offer them a sense of security.

● Consult a professional whenever necessary.

Conclusion

Take care of yourself to provide the best care for a senior in need. Ensure that the experience of taking care of a senior is beneficial to both of you.

Don't let medical bills rob you of your retirement goals. Contact C&C Financial Insurance today for your free Personalized Medicare Evaluation at (267) 733-7277!




For more information about services mentioned in this article visit http://ElderFreedom.net