Medicare Supplement Plan Shoppers - 5 Tips for the Annual Enrollment Period
posted on October 28, 2010Tip #1 - If you currently have a Medicare Advantage Plan, it will be in your best interest to switch to original Medicare with supplemental insurance. Over $132 million in government funding for the Medicare Advantage program has been cut leaving these plans in limbo. Most companies will be raising prices and cutting benefits in order to remain profitable. Furthermore, many doctors and hospitals have stopped accepting these plans altogether, which means quality of care may be an issue in the future. Tip #2 - Consider Medicare Supplement Plan N.…Read More
How do I prevent Medicare fraud?
posted on October 25, 2010Medicare fraud is when providers mislead Medicare into paying for services it shouldn’t pay for or paying more than it should pay. There are many ways you can prevent fraud: Protect your Medicare number the same way you would protect your credit card number. Be careful about who you give your Medicare number to. Be especially wary of someone who promises to give you a free service in exchange for your Medicare number. Know what Medicare covers and what Medicare does not cover. That way, you can question a provider…Read More
Medicare PPO plan without Prescription Drugs
posted on October 13, 2010A Medicare PPO Plan is a Medicare Advantage Plan where a Private Insurance company provides your Medicare Part A and Part B benefits. In a Medicare PPO Plan, you can get Medical Services from any provider who accepts Medicare. The Medicare PPO has a preferred network of providers "in network" where cost sharing is lower. Other providers are "out of network". Cost sharing is generally higher for "out of network" providers. Premiums will vary depending on the plans available in your area. Depending on the plans available in your area,…Read More
