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What are the Different Parts of Medicare?

If you are about to turn 65 or just turned 65 in the U.S., you have probably heard about Medicare (and if you have not yet, you will need to). Medicare is health insurance for people 65 and older in the United States. It is also health insurance for certain people under age 65 with disabilities, and people of any age with End-Stage Renal Disease (ESRD). What you might not know or understand are all […]

Does Medicare Cover Eyeglasses?

Original Medicare does not include routine vision care, which means it generally will not pay for eyeglasses, contact lenses, or eye exams. This means you are typically responsible for 100% of the costs associated with your eyeglasses under Original Medicare. If you have a Medicare Advantage plan or certain Medicare Supplement plans, you might have additional coverage for vision . Talk to a Senior Markets Specialist in your area if you are unsure of your […]

Medicare Mistakes That Will Cost You Money

There are several mistakes people new to Medicare can make that can seriously impact how much money they will have to pay for Medicare. Two of the most common and potentially most expensive involve not signing up for things on time. If you don’t sign up for Medicare Part B (medical benefits) or Medicare Part D (prescription drug) when you first become eligible you could be hit with significant penalties. Medicare Part B Penalty If […]

Medicare vs. Medicaid

While their names may sound alike, Medicare and Medicaid are two different programs. Both are government programs that can help you pay for healthcare and medical expenses, but that’s about all they have in common. Medicare is a federal insurance program for people who are 65 years or older, and for some people with disabilities. Medicaid, on the other hand, is a joint federal and state program that helps people with limited resources pay for […]