Low- income Subsidy

Low-Income Subsidy — Medicare Extra Help Program What is the Medicare Low-Income Subsidy? Eligible beneficiaries who have limited income may qualify for a government program that helps pay for Medicare Part D prescription drug costs. Medicare beneficiaries receiving the low-income subsidy (LIS) get assistance in paying for their Part D monthly premium, annual deductible, co-insurance, and co-payments.…

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Medicare Key Terms

Medicare helps pay, but you will still have costs. Medicare does not pay for all your medical expenses. You will help pay the cost of your care through different types of payments. Co-Insurance The cost that you and the health insurance plan pay are split on a percentage basis . for example you might pay…

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Initial Enrollment – IEP

Enroll at the right time. Your Initial Enrollment Period ( IEP) is your first chance to enroll in Medicare. Your IEP is seven months long and includes the three months before you turn 65 , your birthday month and three months after your birthday. If you enroll before the month you turn 65, your coverage…

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Medicare Basics

There are two main ways to get Medicare coverage: 1) You can choose Original Medicare ( Parts A and B), which is provided by the federal government . Original Medicare includes Part A for Hospital stays and Part B for Doctor visits, or you can choose a Medicare Advantage (Part C) plan from a private insurance company…

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Medicare Choices

Medicare is not a “one size fits all” . It is important to understand the basics so you can choose wisely. Your choices include: 1) Original Medicare , which includes hospital stays (Part A) and doctor visits (Part B) 2) Original Medicare with a stand-alone prescription drug plan drug plan (Part D) and /or a…

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What is Medicare?

Part A ( Hospitals ) & Part B (Doctors) Medicare is a federally administered health insurance program providing health coverage to nearly 55 million Americans above the age of 65 and other individuals who are eligible due to certain. cms.gov/Newsroom//MediaReleaseDatabase/Press-releases/2015-Press-releases-items/2015-07-28.html

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