Some job-based insurance plans offer creditable drug coverage. If you are eligible for Medicare and enrolled in creditable coverage from your current employer, you can delay Part D enrollment without incurring a late enrollment penalty (LEP). When you decide to enroll in Part D, you will have a two-month Special
Archive for August, 2018
Health Savings Accounts (HSAs) and Medicare
Health Savings Accounts (HSAs) are accounts for individuals with high-deductible health plans (HDHPs). Funds contributed to an HSA are not taxed when put into the HSA or when taken out, as long as they are used to pay for qualified medical expenses. Your employer may oversee your HSA, or you
Job-based insurance and Medicare
Job-based insurance and Medicare Job-based insurance when you are disabled Job-based insurance when you turn 65 Enrolling in Medicare with job-based insurance Health Savings Accounts (HSAs) and Medicare Job-based drug coverage and Part D
Enrolling in Medicare with job-based insurance
Special Enrollment Periods (SEPs) are periods of time outside normal enrollment periods where you can enroll in health insurance. They are typically triggered by specific circumstances. The Part B SEP is an eight-month period to enroll in Medicare Part B after you no longer have coverage from current work (job-based
Job-based insurance when you turn 65
Job-based insurance is insurance offered by an employer or union for current employees and family members. Job-based insurance allows you to delay Medicare enrollment. However, you may want to enroll in Medicare depending on whether your job-based insurance pays primary or secondary. In most cases, you should only delay Part
Job-based insurance when you are disabled
Job-based insurance is insurance offered by an employer or union for current employees and family members. Job-based insurance allows you to delay Medicare enrollment. However, you may want to enroll in Medicare depending on whether your job-based insurance pays primary or secondary. In most cases, you should only delay Part
Introduction to low-income programs
If you have a limited income, you may be able to get assistance with your health care costs through certain programs: Medicaid: If you have a low monthly income and minimal assets, you may be eligible for coverage through Medicaid to pay Medicare costs, like copays and deductibles, and for
Medicare Advantage
Medicare Part C is not a separate benefit. Part C is the part of Medicare law that allows private health insurance companies to provide Medicare benefits. These Medicare private health plans, such as HMOs and PPOs, contract with the federal government and are known as Medicare Advantage Plans. If you
Medicare Part D
Medicare’s prescription drug benefit (Part D) is the part of Medicare that provides outpatient drug coverage. Part D is provided only through private insurance companies that have contracts with the federal government—it is never provided directly by the government (unlike Original Medicare). If you want to get Part D coverage,
VA drug coverage and Part D
Veterans Affairs (VA) benefits offer creditable drug coverage. This means that if you are enrolled in VA drug coverage, you can delay Medicare Part D enrollment without incurring a late enrollment penalty (LEP). Be sure to compare the costs and benefits of Part D and your VA drug coverage to