What is the Initial Coverage Election Period?

If you’re new to Medicare, you may be familiar with the Initial Enrollment Period (IEP), an election period that covers from 3 months before your 65th birthday to 3 months after. However, if you chose not to sign up for Part B during your IEP, there is another enrollment period available to you, known as Initial Coverage Election Period (ICEP). But what exactly is it? When can you use it? And how does it differ […]

Turning 65 With Employer Insurance and the Need to Report Creditable Coverage to CMS

If you’re turning 65 and still intend to have employer coverage, or if maybe you’re delaying your retirement just a few months after your birthday, one thing to keep in mind is making sure you receive an annual written notice of creditable coverage from your employer. As you may or may not know, Medicare will require you to maintain creditable prescription drug coverage or receive a Part D Late Enrollment Penalty. If you’d liked to […]

Medicare vs. Medicaid

While their names may sound alike, Medicare and Medicaid are two different programs. Both are government programs that can help you pay for healthcare and medical expenses, but that’s about all they have in common. Medicare is a federal insurance program for people who are 65 years or older, and for some people with disabilities. Medicaid, on the other hand, is a joint federal and state program that helps people with limited resources pay for […]

VA Health Care and Medicare

Are you a Veteran about to turn, or just turning, 65? Wondering how VA coverage and Medicare will work together, or if you even need Medicare coverage if you have Veterans Affairs health benefits? We put together the following expert answers and valuable information to help you transition to Medicare as a veteran.   VA Health Coverage With your Veterans Affairs (VA) Health Care benefits, you are covered for regular checkups and appointments with specialists, […]