Drugs can represent significant out-of-pocket costs for those eligible for Medicare, but there is help. If you meet certain income and resource limits, you may qualify for Extra Help from Medicare to pay the costs of Medicare prescription drug coverage. In 2017, costs are no more than $3.30 for each generic/$8.25 for each brand-name covered…
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Approximately six weeks after failing to garner enough support for the American Health Care Act (AHCA), Republicans pushed a newly revised version of the bill through the US House of Representatives today (May 4). The health-care bill is designed to repeal and replace aspects of the existing legislation commonly known as Obamacare. It passed the…
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Stop by and visit the UIG booth at the 2017 MDAHU Medicare Summit & Benefits Expo for a chance to win a $50 gift card! Expo Information: Wednesday May 10th and Thursday May 11th REGISTER TODAY When Wednesday, May 10, 2017 8:00 AM – Thursday, May 11, 2017 5:00 PM Eastern Time Where Wyndham Garden…
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The legislation commonly referred to as MACRA (Medicare Access and CHIP Reauthorization Act of 2015) will have a significant impact on the Medicare Supplement (Medigap) industry in calendar year 2020. Specifically, what will change is the Part B deductible can’t be covered. As a result, starting January 1, 2020, plans C and F will no…
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Medico Short Term Care Recovery Training Video Medico® Insurance Company was one of the pioneers of Long Term Care insurance sales. Through that journey, they discovered many reasons why short-term coverage is so important. This product is an excellent compliment that can fill gaps in Medicare Advantage and Medigap plans. For Agent Use Only
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The Michigan Medigap Subsidy is a program that helps pay for Medigap coverage. If you qualify, you will pay less for your Medigap coverage. The program pays part of your premium (monthly cost) and you pay the rest. How do you qualify? To qualify, you need to: Have a household income at or below 150%…
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CMS finalized payment rates for Medicare Advantage plans increasing them by 0.45% on average for 2018, in its final rate notice Monday. That’s an increase from the 0.25% rate increase proposed in February. After adjusting for beneficiaries risk scores the average Medicare Advantage payment rate will increase by 2.95%, up from February’s estimate of 2.75%.…
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Dual Eligible Special Needs Plans (D-SNPs) enroll beneficiaries who are entitled to both Medicare (Title XVIII) and Medical Assistance from a State Plan under Title XIX (Medicaid), and offer the opportunity of enhanced benefits by combining those available through Medicare and Medicaid. D-SNP eligibles can Join during an enrollment period or Special Enrollment Period (SEP).…
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The distinction between inpatient and “under observation” is crucial for those covered by Medicare. Under Medicare nursing facility rehab services are covered only if the patient receives hospital care as an inpatient for three consecutive days. As of March 8, 2017 a new law goes into effect that requires hospitals to tell people orally and…
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