Medicare and Health Savings Account
A Health Savings Account (HSA) lets you deposit untaxed dollars into a savings account that can be used to pay for qualified medical necessities. Employers and financial institutions offer this kind of savings account to eligible individuals. You may only contribute to an HSA at age 65 or older if you are covered by an HSA qualified health plan, you are not a tax dependent, and you are not enrolled in Medicare. You will not […]
Making the Most of Your Medicare Plan: Know Your Benefits and Save Money
Whether you’re on a limited income, or just trying to justify how much you’re paying for your Medicare Advantage plan, we all want to get the most out of our health care plan. Every plan comes with a lot of information and explanation about its benefits, and it can be overwhelming to drill down into these documents to find useful savings, discounts, and benefits. In this article, we’re covering some of the resources and features […]
Does Medicare Cover Hearing Aids?
Unfortunately, when it comes to vision, dental and hearing care, traditional Medicare doesn’t offer much coverage for older adults. If you have supplemental insurance, however, it may pay for some or all of these services, depending on your plan. Original Medicare and Hearing Aids Medicare Part B doesn’t cover the cost of hearing aids or the exams needed for fitting one. However, Medicare Part B does cover diagnostic hearing exams if your doctor orders them […]
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, […]
Ways to Save on Medicare Costs
When it comes to saving on your Medicare costs, there are several things you can do. From enrolling at the right time, to performing a thorough annual review, to using Medicare Part C, or Medicare Advantage Plans, there are many options available to help you cut your Medicare costs. It is always a good idea to work with an expert on Medicare (like an independent Medicare insurance agent) who can help make sure you have […]