Medicare Resources Archives | GoMedigap

Avoid the Donut Hole with These 5 Tips: How to Save Money on Prescriptions

Avoid the Donut Hole with These 5 Tips: How to Save Money on Prescriptions

Even with a Part D Drug Plan, seniors throughout the country find themselves struggling with the cost of their prescriptions. If you are one of the thousands of seniors looking to save money on your medications and avoid the Donut Hole, these tips may help you. 1. Make Sure You Have the Right Drug Plan …

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What Is a Deductible?

what is a deductible

While on Medicare, you will typically experience an insurance deductible. It’s easy to get the concept of deductibles confused with that of copayments, premiums, coinsurances, or more. Medicare has different deductible amounts for Part A, Part B, and Part D. You may or may not pay your deductible depending on your eligibility and retirement status, …

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Medicare Savings Program: Eligibility & How to Apply

Medicare Savings Program

At times, the cost of Medicare may seem high. In addition, the prices sometimes increase each year. Thankfully, Medicare provides a state-by-state Medicare Savings Program that helps lower-income individuals pay parts of the out-of-pocket Medicare costs. These costs might include any premiums, deductibles, coinsurance, and copayments from Original Medicare Parts A and B. What is …

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What is Medicare Fraud & How to Report It

Unfortunately, many seniors each year fall victim to Medicare fraud. Medicare fraud is highly illegal and hurts more than just Medicare’s operations. It also hurts the senior involved. On the same note, there are some who abuse their Medicare benefits. This is also illegal and can get the beneficiary in a considerable amount of trouble. …

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What is the Difference Between Medicare & Medicaid?

Medicare and Medicaid are two government health care programs. Many confuse the two. However, it’s important to know the difference. Medicare is a federal program available to all seniors who are 65 or older. On the other hand, Medicaid is jointly funded at state and federal levels and is usually intended for lower-income families and …

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Am I Eligible for Medication Therapy Management (MTM)?

As you age, taking new medications may become part of your daily life. It is important to know the effects these medications have on your body, how to properly take them, and any problems they may cause. With a busy life, it might be hard to find resources dedicated to educating you on your medications. …

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Medicare While You’re Still Working

Registering for Medicare is a crucial and important time in your life. It is important that you enroll at the correct time to ensure that you receive the most value for your health care. If you’re considering enrolling in Medicare before you retire, make sure you explore all of your options to ensure that this …

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New Medicare ID Cards Coming in 2018

Beginning April of 2018, the Centers for Medicare & Medicaid Services (CMS) will begin replacing Medicare ID cards for 60 million Medicare beneficiaries. This is a fraud prevention initiative that removes Social Security numbers from Medicare cards to help combat identity theft and safeguard taxpayer dollars. Why are new Medicare ID cards important? Personal identity …

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