Seniorstar Insurance Group

Category: Medicare

  • Plan F vs Plan G

    Plan F vs Plan G

    Plan F vs Plan G

    Plan F and Plan G are Medicare Supplements and are considered the most comprehensive options for beneficiaries to enroll in. Although it is the most expensive, Plan F gives the most coverage. All Medicare beneficiaries are not eligible for Plan F either. Plan G, however, is available to any Medicare beneficiary and offers almost the same amount of coverage.

    Am I Eligible to Enroll in Plan F?

    The eligibility of Plan F beneficiaries who were eligible for Medicare before Jan. 1, 2020, are eligible to enroll in Plan F. You could keep your Plan F if you enrolled in it prior to 2020, and you may even be eligible to enroll in Plan F if you kept your employer coverage when you became Medicare eligible before 2020.

    Conversely, Plan G is available for any Medicare beneficiary.

    Differences in coverage between Plan F and Plan G

    The only difference in coverage between the two plans is Plan F covers the Medicare Part B deductible ($226 in 2023). No other Medicare Supplement plan offers coverage for the deductible.  Otherwise, Plan F & Plan G have the same coverage.

    Benefits of Plan F and Plan G

    Part A

    • Coinsurance and hospital costs up to 365 days after Medicare benefits are used up
    • Deductibles
    • Hospice care coinsurance or copayments

    Part B

    • Coinsurance or copayments
    • Excess charges

    Other Benefits

    • First three pints of a blood transfusion
    • Skilled nursing facility care coinsurance
    • Medically necessary emergency health care service for the first 60 days when traveling outside the United States. Deductibles and limitations still apply.

    Costs associated with Plan F and Plan G

    The costs of Plan F and Plan G can vary by carrier, but generally, a carrier’s Plan F will have a higher premium than the same carrier’s Plan G.

    Does Plan F make sense to enroll in?

    Because the only difference between the two plans is the Medicare Part B deductible, the cost difference will help you decide if it is worth it. If the difference between what you would pay for Plan F over Plan G annually is less than $226, your Plan F is worth keeping. However, if Plan F is more than $226 more expensive annually, it may be worth it to consider enrolling in Plan G.

    Whether you are shopping for Plan F or any Medicare Supplement plan, there are some extra perks you can look for when choosing a Medigap plan. Some plans will offer additional benefits such as gym memberships or discount programs.

    it’s also important to understand that there is also the possibility that your premium may rise over time depending on your insurance company.

    Seniorstar Insurance Group can help you search for Medicare Supplement plans that meet your needs and budget and get you the best plan for the coverage you need. Contact us today for a free no, obligation review of your current coverage.

  • Things to Consider When Changing Medicare Coverage

    Things to Consider When Changing Medicare Coverage

    Regardless of your coverage type, Medicare gives beneficiaries opportunities every year to change coverage to adjust to their ever-changing needs. The biggest time for changing Medicare coverage is the Annual Enrollment Period or AEP. Every year, from October 15th to December 7th, you can switch up your Medicare coverage and join, change, or drop your Medicare Advantage (Part C) or Medicare Part D Prescription Drug Plan. When you start thinking about wanting to change your coverage, there are a few things to consider.

    Costs of Medicare Coverage

    When changing your Medicare coverage, one of your main concerns may be “Will my costs change with my new Medicare plan?” Make sure to compare what you currently pay in premiums and deductibles, how much an unexpected hospital stay might be, or what you will pay out of pocket to what you are estimated to pay with any coverage you consider switching to.

    Original Medicare has no out-of-pocket limits unless you have a Medicare Supplement. However, most Medicare Advantage (Part C) plans provide a yearly limit for out-of-pocket costs. 

    If you have an illness or medical problem that requires you to take a lot of prescription medication, it’s important to understand the costs of the prescriptions you take associated with your Medicare Part D Prescription Drug Plan.  You will want to evaluate and compare formularies and Medicare Part D Prescription Drug Plan costs when choosing a new plan.

     Other Coverage

    It’s important to also look at how enrolling in or changing your Medicare coverage is how it may interact with any other coverage you may have, such as retiree insurance or employer-sponsored coverage.

    Prescription Drug Coverage

    For prescription drug coverage, it’s important to evaluate the plan’s star rating, formulary, and coverage rules. Make sure you compare it against your current Medicare Part D Prescription Drug Plan and ensure the medications you need are covered at a cost you can afford.

    Hospital Choice, Doctors, and Travel

    If you choose a Medicare Advantage plan, the network of doctors and hospitals that accept your plan is a very important thing to consider. This can affect the quality and timing of the care you receive. It’s also important to look at if doctors in a new plan are accepting new patients (if

    If you are enrolled in a Medicare Supplement alongside Orignal Medicare, you can see any provider that accepts Medicare.  Care received when traveling outside the United States is not covered by Original Medicare. If you travel abroad, you may want to consider a Medicare Supplement that covers emergency care when abroad. You also may want to consider a Medicare Supplement if you travel in the US, as you can see all providers who take Medicare and are not restricted to a network.

    Whether you are looking to change your Medicare plan to find coverage that will best fit your needs, or you are looking to review your current plan, Seniorstar group can help. Contact us today for a free, no-obligation coverage review.

  • How to Enroll in Medicare if You Have Retiree Insurance

    How to Enroll in Medicare if You Have Retiree Insurance

    How to Enroll in Medicare if You Have Retiree Insurance

    Retiree insurance is employer-provided health insurance that some employers provide to former employees after retirement. This insurance usually pays second to Medicare so in order to be fully covered, you must be enrolled in Medicare. Depending on your policy, you may be required to sign up for Medicare Part A & Part B when you are Medicare-eligible.

    Should I Keep My Retiree Insurance?

    There are some instances where keeping your retiree insurance along with your Medicare coverage may be beneficial if you can afford the premium. Some Retiree insurance plans cover things like Medicare deductibles, copayments, and coinsurances. The Retiree plan may also include prescription drug coverage. If you are satisfied with that coverage, call your plan to see if you can delay your Medicare Part D enrollment.

    It is also important to know that your spouse or family members are not eligible to enroll in your Medicare coverage. If you choose to drop your retiree insurance, keep in mind they may need coverage of their own.

    How Do Medicare and Retiree Insurance Interact?

    Medicare and Retiree insurance are intermingled because if you have retiree insurance you must be enrolled in Medicare to be fully covered. There are differences, however, in how Medicare interacts depending on the type of plan you have.

    Fee for Service (FFS) Plans

    Fee for Service plans act almost like a supplemental insurance policy and cover Medicare cost-sharing. They can pay for healthcare from any hospital or healthcare professional.

    HMO or PPO (Managed Care) Plans

    Managed care plans, known as HMO or PPO plans, require you and rely on you seeing healthcare providers and getting care from facilities in your network. Most of the time, your costs will be lowest when getting care from providers in your network who accept retiree insurance and Medicare. If you see out-of-network providers, you will pay full Medicare cost-sharing & your retiree coverage may not pay anything at all.

    Employer-Sponsored Medicare Advantage (Part C)

    There are some employers that require you to enroll in a Medicare Advantage (Part C) plan to continue getting your retiree insurance once you are eligible for Medicare. If you choose not to enroll in your employer’s Medicare Advantage (Part C) coverage, you may have difficulty getting retiree coverage back. With this in mind, you are also free to enroll in Original Medicare or another Medicare Advantage (Part C) plan of your choosing.

    Employer-Sponsored Medicare Supplements

    Another employer insurance plan option is employer-sponsored Medigap, or Medicare Supplement, policies. Just like employer-sponsored Medicare Advantage (Part C) plans, you do not have to enroll in employer-sponsored Medigap plans but it may be harder to get your retiree insurance back later.

    Retiree Insurance and Medicare Part D Prescription Drug Plans

    Retiree insurance can offer prescription drug coverage as well. If the prescription drug coverage offered with your retiree insurance is creditable drug coverage (as good or better than basic Medicare Part D) you are eligible to delay Part D enrollment. It may be beneficial to keep your retiree insurance even if it doesn’t provide creditable drug coverage. This is because some plans keep you covered when you are in the coverage gap. Remember that some plans don’t allow you to drop prescription drug coverage without losing your retiree insurance.

  • What Are Chronic Special Needs Plans?

    What Are Chronic Special Needs Plans?

    What Are Chronic Special Needs Plans?

    Chronic condition special needs plans, also called C-SNPS, are special types of Medicare Advantage plans that restrict enrollment to eligible members with specific chronic conditions. These plans include targeted care for these conditions such as diabetes, dementia, or heart disease and cover providers and care tailored to their unique needs. The drug formularies for these plans are also geared toward the needs of its eligible individuals.

    Like other Medicare Advantage plans, C-SNPs cover at least as much as Original Medicare Parts A & B, as well as C-SNPs, are required to include prescription drug coverage. This helps ensure eligible individuals can receive all their medical needs in one plan.

     C-SNPs may also assign a care coordinator that works with each beneficiary. Care coordinators help members access medications and healthcare providers that will best aid their care.

    Since they are tailored to a specific need of the condition, C-SNPs may have fewer coverage limitations than other Medicare Advantage (Part C) plans and may have lower or differing costs.

    Who Qualifies for a C-SNP?

    Almost 67% of Medicare enrollees have at least two chronic conditions that require care from primary providers, mental health specialists, inpatient and outpatient care, and ancillary services.

    Eligibility Requirements

    • Be eligible for Medicare
    • Live in the plan’s service area
    • Diagnosed with at least one qualifying chronic condition
      • Per the CDC, a condition is chronic if
        • It requires ongoing medical attention and/or limits the ability to perform daily living activities
        • It lasts one or more years

    What are the qualifying conditions?

    Fifteen specific chronic conditions are qualifying requirements for special needs plans. These may be periodically changed or revised depending on the care coordination through the SNP product.

    The 15 conditions that are C-SNP qualifying are as follows:

    • Chronic alcohol and other drug dependence
    • HIV/AIDS
    • Cancer, excluding pre-cancer conditions
    • Chronic heart failure
    • Diabetes Mellitus
    • Dementia
    • End-stage renal disease requiring dialysis
    • Stroke
    • Neurologic disorders limited to:
      • Amyotrophic lateral sclerosis (ALS)
      • Epilepsy
      • Extensive paralysis
      • Huntington’s disease
      • Multiple sclerosis
      • Parkinson’s disease
      • Polyneuropathy
      • Spinal stenosis
      • Stroke-related neurologic deficit
    • Chronic and disabling mental health conditions limited to:
      • Bipolar disorders
      • Major depressive disorders
      • Paranoid disorder
      • Schizophrenia
      • Schizoaffective disorder
    • Chronic lung disorders limited to:
      • Asthma
      • Chronic bronchitis
      • Emphysema
      • Pulmonary fibrosis
      • Pulmonary hypertension
    • Severe hematologic disorders limited to:
      • Aplastic anemia
      • Hemophilia
      • Immune thrombocytopenic purpura
      • Myelodysplastic syndrome
      • Sickle-cell disease (excluding sickle-cell trait)
    • Cardiovascular disorders limited to
      • Cardiac arrhythmias
      • Coronary artery disease
      • Peripheral vascular disease
      • Chronic venous thromboembolic disorder
    • Autoimmune disorders limited to
      • Polyarteritis nodosa
      • Polymyalgia rheumatica
      • Polymyositis
      • Rheumatoid arthritis
      • Systemic lupus erythematosus

    If you have questions about if you or a loved one may be eligible for a C-SNP, the team at Seniorstar can help! Give us a call today for no-cost coverage consultation.

  • What is the Medicare Part B IRMAA?

    What is the Medicare Part B IRMAA?

    What is the Medicare Part B IRMAA?

    Original Medicare Part B, sometimes referred to as medical insurance, helps to cover the cost of outpatient care, ambulance services, mental health services, durable medical equipment, and other medically necessary doctor’s services.

    For those enrolled in Original Medicare, the monthly premium for Original Medicare Part B is standardized. The standard premium (which most beneficiaries will pay) in 2023 is $164.90.

    For individuals with a higher income, a charge called the IRMAA (Medicare Income-Related Monthly Adjustment Amount) is added to the Medicare Part B premium.

    The IRMAA is determined annually by the Social Security Administration. They calculate whether or not you have to pay the IRMAA based on your annual income reported on your taxes from 2 years prior.

    In 2023, those who filed single and made more than $97,000 annually or those married, filing jointly making more than $194,000 annually will have to pay the IRMAA. IRMAA is a different amount based on your income from there, and individuals can pay up to $560.60 monthly for Original Medicare Part B. The chart below shows how IRMAA increases across the income brackets.

    If you feel the Social Security Administration’s tax amounts may need to be updated or corrected, you can file an appeal to have your IRMAA charge reduced or eliminated. Also, if you have a sudden life change affecting your annual income, this is another reason for filing an appeal. After receiving your notice of the change, you have 60 days to file an appeal.

    Seniorstar Insurance Group can assist in understanding these charges or answer any of your Medicare questions. Don’t hesitate to call us and reach out at 844-779-5010 or visit seniorstargroup.com for a no-cost, no-obligation coverage review.

  • What is a Qualified Medical Expense?

    What is a Qualified Medical Expense?

    What is a Qualified Medical Expense?

    If you have a Medicare Savings Account (MSA) plan, this money is intended to be used for Qualified Medical Expenses. When you spend the money on Qualified Medical Expenses, it is not taxed; however, it is taxed if you spend it on anything else.

    All qualified medical expenses are tax deductible, but they are not all eligible to count toward your deductible. This is important to consider, as you need to meet your deductible before your plan starts to cover expenses. If you use your MSA to cover the costs, not counting towards your deductible, you may pay more out of pocket overall.

    Examples of expenses that count toward your deductible

    • Hospital stays
    • Provider visits
    • Durable medical equipment (DME)
    • Home health care
    • Skilled nursing care

    Note: follow your plan’s coverage rules to ensure these expenses count towards your deductible

    Examples of expenses that do not count toward your deductible

    • Dental care
    • Vision care
    • Prescription drug premiums
    • Prescription drug deductibles
    • Prescription drug copays
    • Prescription drug coinsurance

    Can I use my MSA account for other expenses?

    You can use the money in your MSA account for non-medical expenses, but it is essential to know that it becomes taxable income. Keep this in mind when using the MSA money to cover rent, bills, groceries, etc., and ensure you have planned appropriately.

  • What is the Medicare Donut Hole?

    What is the Medicare Donut Hole?

    What is the Medicare Part D Donut Hole?

    The term “donut hole” often refers to the coverage gap within Medicare Part D Prescription Drug plans. If you’re new to Medicare, you might not be familiar with this term.

    The donut hole, in short, refers to where a Medicare Part D Prescription Drug Plan reaches its limit on what it covers for prescription drugs. In a calendar year, you reach this coverage gap once your Medicare Part D plan has spent a certain amount on prescription drugs. In 2023, this amount will be $4,660.

    Not everyone enters the donut hole, and beneficiaries with Extra Help will never enter the donut hole.

    What will happen if I reach the “donut hole?”

    Once you have reached the “donut hole” coverage gap, your out-of-pocket costs for brand name and generic drugs covered in your Medicare Part D Prescription Drug plan will change. Details of those changes are listed below:

    • For Generic Prescription Drugs
      • You will pay 25% of the price; Medicare will pay 75%
      • Only the costs you pay count to get you out of the “donut hole.”
    • For Brand-Name Prescription Drugs
      • You will pay at most 25% of the cost of the drug and 25% of the dispensing fee.
      • If you buy your prescriptions via pharmacy or mail, you will pay a discounted price
      • Both what you pay and what the drug manufacturer pays (95%) count towards getting you out of the donut hole.

    Note: Depending on your plan, you may have coverage in the “donut hole.” If so, you will get a discount once your coverage has been applied to the prescription drug’s price.

    Will the “donut hole” go away?

    Medicare Part D Prescription Drug plans have fourth payment stages, and the “donut hole” is the third. You move through the four stages based on how much you, your plan, and anyone on your behalf have paid for your prescription drugs throughout the year.

    How do I leave the “donut hole?”

    Your out-of-pocket costs must reach $6,550 to leave the “donut hole.” After the “donut hole,” you enter the fourth stage – catastrophic coverage. In this stage, your Medicare Part D Prescription Drug plan covers the majority of the cost of your drugs. You will remain in this stage for the rest of the year.

    Costs that count towards the dollar limits include:

    • Copays and coinsurance
    • Your deductible
    • What your plan pays during the initial coverage stage
    • Manufacturers’ discounts provided in the coverage gap stage
    • Amounts paid on your behalf, such as those through a financial assistance program – at any stage

    Coverage Gap Tips

    It is best to avoid entering the “donut hole” if possible. However, for those who do, navigating it wisely can help a beneficiary get the most from a Medicare Part D Prescription Drug plan. Here are some tips to help you mitigate prescription drug costs, even if you never enter the “donut hole.”

    Tip 1: Estimate your annual prescription drug costs ahead of time. This can help you plan and prepare to pay for your prescription drugs if you are likely to enter the “donut hole.”

    Tip 2: Discuss lower-cost drug alternatives with your providers and pharmacists.

    Tip 3: Look for options where you may be able to get your prescription drugs for discounted costs.

    Tip 4: When possible, opt for generic drugs instead of brand-name.

    Tip 5: Make sure you are using an in-network pharmacy.

    Understanding the coverage stages of Medicare Part D Prescription Drug plans can make everything seem less overwhelming. If you have questions or want a no-cost, no-obligation coverage review, reach out to Seniorstar Insurance Group today!

  • Does Medicare cover Dental Implants?

    Does Medicare cover Dental Implants?

    Does Medicare cover Dental Implants?

    Dental implants are devices implanted into the gums that help restore a person’s ability to chew or restore a smile or appearance. They can also be used as an alternative to dentures. These are great solutions for lost teeth from injury or periodontal disease.

    Without coverage, these implants can cost as much as $25,000 out of pocket, depending on your needs.

    For many people, dental problems can become more common with age and can profoundly impact their health. This may leave you wondering if Medicare covers dental implants. Although dental implants are not covered by Original Medicare [SH1] (as is the case with most dental care under Original Medicare), that does not mean that you do not have options to find the coverage you need.

    How Can I Get Coverage for Dental Implants?

    Medicare Advantage (Part C) Plans

    If you are looking for comprehensive coverage that will help you get coverage for dental implants, one option is to look at Medicare Advantage (Part C) [SH2] plans. Some Medicare Advantage (Part C) plans include dental coverage that covers dental implants. Be sure you fully understand your plan’s coverage when you enroll, as some Medicare Advantage (Part C) plans only include routine dental services. Also, it is essential to note most of these plans also have a maximum dental benefit. This means that after you reach the limits of the maximum dental benefit, you will be responsible for 100% of any additional costs. When choosing a Medicare Advantage plan, these things are essential to consider, especially if you know you will need dental work.

    Standalone Dental Plans

    If you prefer to stay enrolled in Original Medicare, you are not out of luck – you can always enroll in a standalone dental insurance plan. If you are not concerned about the cost of another premium, you can always add a separate dental insurance plan. These plans are through private insurance companies, or carriers, and provide similar dental coverage you may have had through an employer. These plans typically come with coinsurances, deductibles, and annual maximums.

    Working with a licensed insurance agent can help you decide what coverage makes sense for you. At Seniorstar Insurance Group, we can help you sift through and evaluate the options that meet your needs and fit your budget. Call 844-779-5010 today to get a no-cost, no-obligation coverage evaluation.

  • Does Medicare Provide Dental Coverage?

    Does Medicare Provide Dental Coverage?

    Does Medicare Provide Dental Coverage?

    Dental health is an essential aspect of one’s overall health. Poor dental health can become very costly without proper insurance coverage, making it hard for many to get the care they need. Uncared for dental issues can even create new health problems in other parts of the body.

    If you’re new to Medicare, you may have some questions when it comes to Medicare and dental coverage. This is important to consider when you are evaluating your Medicare options as well. In short, Original Medicare does not provide dental coverage, but that does not mean you do not have options.

    Does Original Medicare Provide Dental Coverage?

    Original Medicare Part A and Part B do not cover dental care. The only exception in which Original Medicare will cover dental care is if you have a traumatic injury affecting your jaw, mouth, or teeth and are hospitalized. Only then might Original Medicare cover some dental care.

    Will Medicare Advantage (Part C) Plans Cover Dental Care?

    There are some Medicare Advantage plans that include dental coverage. Each plan can be different in the services and care they provide; however, this dental coverage typically includes extractions, fillings, teeth cleaning, and routine X-rays. Medicare Advantage plans are also similar to traditional health plans regarding cost and coverage. This means they can include coinsurance, copays, and deductibles for dental just as it does medical, prescription, etc.

    Are there any Medicare Supplement plans that cover Dental Care?

    Medicare Supplements (Medigap) do not cover dental care; however, they can offer help with out-of-pocket costs, which can be used to help lessen the cost of an out-of-pocket dentist bill.

    How Can I Get Dental Coverage Without Changing my Medicare Coverage?

    Even if you are enrolled in Medicare coverage that meets all your needs except dental – don’t worry. You have options!

    In this case, you can purchase a separate dental insurance plan from a private insurance company. These plans can offer basic preventive care or a more premium plan for more coverage, with a higher premium. These options will be similar to those you may have seen if you ever chose dental coverage through an employer-sponsored plan.

    If you are not interested in enrolling in another line of coverage, walk-in dental clinics or local dental schools may provide free or low-cost care. These are good for beneficiaries paying out-of-pocket for care because the prices are more affordable. Your local Health Department can help lead you to walk-in clinics near you or other resources offering affordable dental care.

  • What Does Original Medicare Cost in 2023?

    What Does Original Medicare Cost in 2023?

    2023 Medicare Part A and B Deductibles, Premiums, and Medicare Part D Income-Related Monthly Adjustments Amounts

    In late 2022, the Centers for Medicare & Medicaid Services (CMS) delivered the dollar amounts for the 2023 Original Medicare Part A & Part B co-insurance, premiums, and deductibles. This article will give you what you need to know about these amounts, how these amounts are calculated, and how these amounts affect Medicare beneficiaries.

    Medicare Part B: Premium and Deductible Information and Amounts

    Original Medicare Part B is the part of Medicare that covers outpatient hospital services, physician services, some home health services, medical equipment, and other services not covered by Medicare Part A. The prices of the deductibles, coinsurance rates, and premiums for Medicare Part B are settled by the Social Security Act. For 2023, the standard monthly premium for Medicare Part B enrollees is $164.90. All Medicare Part B beneficiaries will also pay $226 for 2023’s annual deductible. These costs are lower than in 2022, primarily because of a larger reserve in the Medicare Part B sliver of the Supplementary Medical Insurance Trust Fund. There is also a small stipulation for Medicare enrollees that are 36 months post kidney transplant, making them no longer eligible for full Medicare coverage. Starting this year, they can pay a premium of $97.10 for coverage of immunosuppressive drugs.

    Medicare Part B: Income-Related Monthly Adjustment Amounts

    The Medicare Part B monthly premium each beneficiary pays is based on their income. The standard price of $164.90 for 2023 is the price most beneficiaries will pay. Depending on their adjusted gross income, the premium may increase as shown in the chart below.

    Medicare Part B Premium Chart

    The same levels of adjusted gross income affect the premium the 36-month-out kidney transplant beneficiaries pay for their immunosuppressive drug coverage. The amounts are shown in the chart below.

    How you file your yearly tax returns can affect these prices as well. Below are two charts respectively showing the two different Medicare Part B premiums discussed above for married beneficiaries who lived with their spouse for any period during the last year but filed a separate tax return.

    Medicare Part A Deductibles and Premiums

    Original Medicare Part A is the part of Medicare that covers skilled nursing facilities, inpatient hospital stays, hospice, inpatient rehabilitation, and several home healthcare services. Beneficiaries with at least 40 quarters of Medicare-covered employment don’t have to pay an Original Medicare Part A premium which amounts to around 99% of all beneficiaries.

    In 2023, the inpatient hospital deductible that Original Medicare Part A beneficiaries will pay if admitted will be $1,600. This deductible covers the beneficiary’s costs for the first 60 days of inpatient hospital care in a benefit period. If any more inpatient hospitalization is necessary in a benefit period, the beneficiary is required to pay a coinsurance amount per day. For days 61-90, the beneficiary will pay a coinsurance amount of $400 per day. If the beneficiary uses any of their lifetime reserve days, they will pay $800 daily. In skilled nursing facilities, days 21-100 of extended care services in a benefit period will require beneficiaries to pay a $200 daily co-insurance.

    A monthly premium for Original Medicare Part A is required to enroll in Original Medicare Part A under certain circumstances voluntarily. These circumstances include being age 65 and over and having fewer than 40 quarters of coverage, and certain people with disabilities. If an individual had fewer than 30 quarters of coverage or was married to someone with at least 30 quarters of coverage, they may buy into Medicare Part at a discounted monthly premium rate. This discounted rate in 2023 is $278 per month. Some uninsured aged persons who have less than 30 quarters of coverage will pay the entire premium, which is $506 a month in 2023. If certain individuals with disabilities have drained other entitlement, they will also pay this premium for Medicare Part A.

    Medicare Part D Prescription Drug Plan Income-Related Monthly Adjustment Amounts

    Medicare Part D Prescription Drug Plan premiums depend vary based on the individual plan, but there are income-based adjustments for beneficiaries with a higher income. The income-related monthly adjustment amounts can follow these same payment routes. These amounts are as follows:

    Again, just like Original Medicare Part B, tax returns affect these amounts. Individuals who are married and lived with their spouse for any period of the taxable year but file a separate return will pay different amounts, which are listed below:

    Medicare Savings Programs

    These deductibles and premiums can add up for extensive hospitalization, specialized care, nursing facilities, etc. For low-income beneficiaries or those on a fixed income, this can be extremely frustrating and difficult to handle financially. However, there is help in the way of the Medicare Savings Programs for some of these individuals. These programs can help reduce the costs of the high-quality care a beneficiary may need. They help pay Medicare premiums and possibly cover co-insurance, deductibles, and co-payments for those who meet eligibility.

    For any additional information on Original Medicare Part A & Part B or Medicare Part D Prescription Drug Plan premiums, co-insurance, co-payments, deductibles, or Medicare Savings Programs, contact Seniorstar Insurance Group at 844.779.5010.

    Medicare Savings Programs List

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