Many of us are insured by Medicare; in fact, almost anyone 65 years of age and older is! Medicare is a federally funded program that not only serves us, but serves those of us with certain disabilities, too. Thanks goodness for Medicare, right? Here’s some more great information on Medicare: Who is Eligible for Medicare? You are eligible to receive Medicare benefits beginning the first day of the month in which you turn 65. For example, if you turn 65 on Dec.15,, you can begin using … [Read more...] about Medicare ABCs
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Simplifying Common Health Insurance Terms
Health insurance is becoming more costly and more confusing. As an informed consumer, you should know the most common terms and definitions in your health plan. A premium is the payment you make to the insurance company to keep your health plan active. If your health insurance is through your employer, the premium is most likely deducted from your paycheck during the benefit year, i.e., a consecutive 12 months of insurance coverage. Your annual accruals of your deductible and out-of-pocket … [Read more...] about Simplifying Common Health Insurance Terms
