Medicare Part B premium & deductible won’t go up in 2014
Medicare officials announced Monday (10/29/2013) that the “Part B” premium most seniors pay for outpatient care will remain the same for 2014 — at $104.90 per month.
That’s good news for beneficiaries, following a $5-per-month increase here in 2013.
The Part B deductible, the annual amount beneficiaries pay before Medicare outpatient coverage starts, will also remain the same at $147, officials announced Monday. But the hospital care deductible or better known as Part A deductible is going up by $32 in 2014. Going from $1,184 to $1,216 in 2014.
Monthly premiums paid by upper-income beneficiaries, those above $85,000 a year, or $170,000 for married couples, will also stay unchanged.
If you have any questions about the 2014 changes please do not hesitate to contact our licensed advisors here at Medigap Provider’s.
Phone: (855) 321-3210 / Email: firstname.lastname@example.org
Health screenings save men’s lives
Did you ever put off doing a task or getting a test and later wished you’d just gotten it over with? If you’re a man with Medicare, now’s the time to talk with your doctor about whether you should get screened for prostate cancer, for colorectal cancer, or for both. Screening tests can find cancer early, when treatment works best.
Don’t worry about the cost—if you’re a man 50 or over, Medicare covers a digital rectal exam and Prostate Specific Antigen (PSA) test once every 12 month. Also, Medicare covers a variety of colorectal cancer screenings, and you pay nothing for most tests.
Prostate cancer is the most common cancer in men, second only to lung cancer in the number of cancer deaths. Not sure you should get screened? You’re at a higher risk for getting prostate cancer if you’re a man 50 or older, are African-American, or have a father, brother, or son who has had prostate cancer.
Colorectal cancer is also common among men—in fact, it’s the second leading cause of cancer-related deaths in the United States among cancers that affect both men and women. If everyone 50 or older got screened regularly, we could avoid as many as 60% of deaths from this cancer.
In most cases, colorectal cancer develops from precancerous polyps (abnormal growths) in the colon or rectum. Fortunately, screening tests can find these polyps, so you can get them removed before they turn into cancer. If you’re 50 or older, or have a personal or family history of colorectal issues, make sure you get screened regularly for colorectal cancer.
June is Men’s Health Month, a perfect time for you (and the men in your life) to take the steps to live a safer, healthier life. Watch our videos on how Medicare has you covered on prostate cancer and colorectal cancer screenings, and visit the Centers for Disease Control for more information on men’s health.
When people approach the age of retirement and are expecting to get Medicare, they will often hear the phrase Medicare Supplemental Insurance used on television or in magazine articles. Often the phrase is ignored because it is thought that Medicare is all that is needed; it is basically complete health care coverage. This is a misunderstanding of Medicare and can be costly to a retired person’s finances. Medicare covers about 80 percent of the medical bill. The balance you are responsible for, but this is where the importance of a Medicare Supplemental policy comes in.
What is a Medicare Supplemental policy?
Fundamentally, these Medicare Supplemental Ins policies cover part or all of the missing 20 percent of the doctor or hospital bill. They are designed and regulated by the federal government but are sold by private insurance companies. The time to purchase a Medicare Supplemental Insurance policy is roughly the same time you enroll in Medicare. In fact, the period of time to purchase a policy is within six months of enrolling in Medicare. During this time, there is no penalty for pre-existing conditions and you are not required to take a physical.
What will my Insurance Medicare Supplemental policies cover?
This will depend upon which Insurance Medicare Supplemental policy you choose to purchase. As of 2013, there are 10 different plans that offer a range of coverage. These policies are stipulated by federal law and are the same regardless of the company you buy them from. The government has given them letters, so they are easy to keep track of by the consumer. These Medicare Supplemental Ins plans begin with the letter A and run through N. There are gaps in the letters because plans have been dropped and added over the years. Plan A offers the most basic coverage while Plan F offers extensive coverage.
How do I go about getting quotations for an Insurance Medicare Supplemental policy?
You can call insurance companies or request quotations on the Internet. There are even websites that will get the quotes for you, and all you need to do is enter your information once. It is a good idea to quote using this type of service because insurance companies are not required to offer all of the Medicare Supplemental Ins plans. By law, if they want to sell Medicare Supplemental plans they must offer Plan A. They must also offer Plan C or Plan F, but this means they may not offer the plan you are interested in.
Benefits of having a Medigap Insurance Policy
Medigap insurance has many benefits as you will see in this article. If you have recently found out that you qualify for Medicare, then you may be understandably relieved. This is especially true if you were previously without any kind of medical insurance. After all, Medicare can be a great way to get the health coverage that you need provided by the government for a fair price. However, one thing that many people who receive Medicare coverage do not realize is that this type of insurance typically does not cover all of one’s medical expenses. In fact, you may be left paying 20% or more of your overall medical bills, which can add up quickly to be quite expensive.
For this reason, it is recommended that everybody enrolled in Medicare take the time to purchase an affordable yet comprehensive Medigap insurance policy. Medigap Ins are policies that can be purchased as a way of covering the typical expenses that your Medicare policy does not. This can include co-payments, co-insurance, and deductibles just to name a few.
Having a Medigap policy in place is a great way to get the peace of mind that you need when it comes to receiving medical care. After all, nobody wants to be left with large and unexpected medical bills. By having a quality Medigap insurance policy in place, you can avoid this worry altogether and live your life with the confidence in your health care coverage that is needed.
Resources for Purchasing Medigap Insurance
If you are interested in purchasing a Medigap insurance policy, you may understandably be curious about how to go about finding the one that is right for you. Fortunately, there are a number of useful resources on our site that you can use to find a great policy for a price that works with your specific budget. For starters, it is a good idea to determine exactly how much additional coverage you will need. Our agency will help you break down 1 of the 10 Medigap plans to determine which will be the best for you.
From there, setting a budget is also a good idea, as this will help you to narrow down your coverage options and further assist you in making the choice that is right for you. After you have some potential policies in mind from various insurance companies, taking the time to read reviews of the insurance companies is a good way to make an ultimate decision regarding which Medigap ins company you will go with.
Medicare Part A (Hospital Insurance) Costs
Part A Monthly Premium
Most people don’t pay a Part A premium because they paid Medicare taxes while working. If you don’t get premium-free Part A, you pay up to $441 each month.