Tag Archives: medicare part d

Defer Compensation to Address Medicare Costs

When most of us reach age 65 we will need to enroll in Medicare.  The cost for Medicare part A is prepaid for almost all of us, but Medicare part B premiums vary based on income.  The calculation for this expense is based on “modified adjusted income” from two years before the benefit year. What […]

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Employees and Medicare

When we reach age 65 almost all of us qualify for Medicare coverage. Which parts, if any, we need to enroll in depends on our employment status. Those of us who are covered on plans with companies which have at least 20 employees are not as pressed to enroll in the various parts of Medicare […]

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Cigna Sanction – Senior Surprise

Last week Cigna Healthcare was notified that it will not be allowed to sell any more Medicare Advantage or Medicare part D plans until further notice. The complaints previously filed about the services that were not approved and the prescriptions not allowed by the carrier were reviewed by the Federal authorities and deemed to be […]

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Tick Tock

Websites are freezing at both the insurance carriers and at the federal Marketplace as time is drawing near for the end of the 2016 health insurance open enrollment period.  Phone lines to both sets of providers are busy and disconnects after interminable holds are once again the norm. December 15 marks the last day to […]

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Medicare Supplement or Medicare Advantage?

Each day thousands of us turn 65 and we need to address this choice. So how do we choose and what criteria do we need to consider in making this choice? Fundamentally, we compare apples and oranges when we face this decision. Remember, Medicare Advantage plans are the actuarial equivalent of traditional Medicare (Parts A […]

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Why Should I Care?

In my last post we identified who should pay attention to the Medicare Open Enrollment Period which runs from October 15 through December 7 of this year. In this post I would like to explain what we should be paying attention to and why it is important to review current benefits and changes that are […]

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