April, 2005

Medicare Part A and Part B

What is the difference between Medicare Part A and Medicare Part B? Medicare Part A is hospital insurance. It covers inpatient care. This includes skilled nursing access, but this is not to be confused with long-term care. Hospice and other home health care are part of Medicare Part A. Medicare Part B is medical insurance. It covers services provided by the doctor, physical and occupational therapy, some home health care, and very importantly outpatient hospital care. Some preventative ...

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4/1/2005 12:00:00 AM Comments(0)

Medicare Supplements with RX Coverage Become Obsolete

In 2006, Medicare beneficiaries can enroll in Medicare Part D. Part D will make Medicare Supplement (also known as Medigap) policies with RX coverage obsolete because the coverage through Part D will be more cost effective. Medicare Supplement Plans H & I pay 50% of RX costs after a $250 deductible up to just $1,250. Medicare Supplement Plan J pays 50% after a $250 deductible up to $3,000. Medicare Supplement rates for these plans are typically at least $300 per month. In January, 2006,...

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4/1/2005 12:00:00 AM Comments(0)