For some people, the lines between Medicare and Medicaid may not be clear. With similar names and the same basic purpose, it is easy to confuse what each program has to offer and how it works. While there are many differences, the government runs both programs in order to help Read more…
What to watch out for when you are still working in a group under 20. First if your employer insurance is ACA compliant you will not be penalized for not taking Part B or Part D, but if the employers insurance is not ACA compliant you can be penalized for Read more…
When learning about enrollment, it’s important to keep a few key things in mind when it comes to rules and risks. Medicare cost enough without additional penalty fees. Medicare Part A penalty Most people eligible for Medicare are entitled to Part A for free. This is because you or your spouse already paid the Medicare Read more…
IRMAA is an acronym for Medicare’s Income-Related Monthly Adjustment Amount. A higher premium is charged by Medicare for Part B and Part D monthly premiums to individuals with higher incomes. This has nothing to do with your Supplement or Medicare Advantage plan premiums. The 2020 IRMAA amount is based on your Read more…
So you just lived through all the commercials for Annual Open Enrollment, Now what? There is a Special Election Period starting Jan 1st 2021 Colorado regulators have created a one-time “special” enrollment period! This Special “Enrollment Period” allows anyone living in Colorado on Medicare Plan F, C or HDF to Read more…