What is Medicare and what does it do? 
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What is Medicare and what does it do? 

Medicare is a federal health insurance program that provides coverage for individuals 65 years of age or older. It also applies to younger individuals who have disabilities and those with permanent kidney failure. Most people on Medicare receive Social Security Disability Insurance (SSDI). What does Medicare cover? There are four parts to Medicare: A, B, C, and D. Parts A and…

What is “Obamacare” and how does it work?  
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What is “Obamacare” and how does it work?  

The Affordable Care Act (ACA)  often referred to as Obamacare, was designed to ensure that everyone who wanted access to healthcare could have it. This happened by creating a Health Insurance Marketplace where people could select the health care provider they wanted without fear of being denied coverage for pre-existing conditions. A list of essential health…

Are Generic Drugs Always Cheaper Than Brand Names With Part D?  
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Are Generic Drugs Always Cheaper Than Brand Names With Part D?  

Why Generics Should Cost Less Than Brand-Name Prescriptions The FDA says generic medications offer the same risks and benefits as their brand-name equivalents. The organization says they regulate generic manufacturers as strictly as the original producers to ensure quality, safety, and effectiveness. Primarily, patients and doctors have turned to generics because they can offer a cheaper…

Things You Must Learn About Medicare before Turning 65
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Things You Must Learn About Medicare before Turning 65

Medicare makes healthcare accessible to millions of Americans. At the same time, this public health insurance plan does not work exactly like the private medical plans that most people enjoyed during their younger years. What Everybody Needs to Know About Medicare Before Turning 65 In particular, people who approach their 65th birthday and Medicare eligibility…

Understanding the Value of Long Term Care Insurance
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Understanding the Value of Long Term Care Insurance

Does Medicare and Other Health Insurance Pay for Long-Term Care? Many Americans mistakenly assume that Medicare or other health insurance will help pay for long-term care costs. This assumption can prove disastrous for many seniors and their families. For instance, a government study from the Department of Health and Human Services estimated that 75 percent of…

The 2022 Medicare Part B Premium Raised by 14.6 Percent
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The 2022 Medicare Part B Premium Raised by 14.6 Percent

Retirees may have felt relieved when Social Security announced a 5.9-percent increase in benefits for 2022. Shortly afterward, the same population might have experienced some disappointment to learn that they would need to pay more for critical Medicare benefits. While most beneficiaries will still see more income in their Social Security checks, these Medicare increases…