Medicare

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 […]

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

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

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

Medicare beneficiaries have an option of receiving their Medicare Parts A and B benefits through a private Medicare Advantage Plan. However, the cost of these plans usually varies from one provider to another, depending on the services offered. On average, the monthly premiums for a Medicare Advantage plan in 2021 are $148.50 for Part B