The Medicare Advantage program serves as an excellent alternative to Original Medicare, in which health care coverage is usually provided by private insurance companies and reimbursed by the federal government. The program has two different funding sources: the monthly premiums of beneficiaries and the Centers for Medicare & Medicaid Services (CMS). The CMS usually pays […]
How Is the Medicare Advantage Program Funded? Read More »
Approximately 10,000 baby boomers turn 65 every day, becoming eligible for Medicare. Although most of these seniors still choose Original Medicare for their insurance needs, approximately 34% of them choose to enroll in Medicare Advantage. While Original Medicare is funded and run by the federal government, Medicare Advantage plans are run by private insurance companies
What Are the Disadvantages of Medicare Advantage? Read More »
As you approach your 65th birthday, one of the things that should be topping your to-do list is to enroll in Medicare. You can do this during your Initial Enrollment Period (IEP) or the Annual Election Period (AEP). During the enrollment period, you will be required to choose between Original Medicare and Medicare Advantage. While
Busting the Most Common Medicare Advantage Plan Myths Read More »
Medicare Parts A and B, also known as Original Medicare, is a health insurance program administered by the federal government under the authority and supervision of the Center for Medicare & Medicaid Services (CMS). The CMS is housed under the Department of Health & Human Services (HHS). In 2021, the federal spending on Medicare coverage
The Surprising Pros and Cons of Medicare Coverage Read More »
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