Can I Be Denied a Medicare Supplement Plan?
Posted: February 21, 2022
Whether you can be denied supplemental insurance for Medicare depends on when you apply for the coverage. Timing is crucial if you want to enroll in a Medicare Supplement plan without penalties. The process is simple if you beat the clock. When you turn 65, age into Medicare, and sign up for Part B coverage, you cannot be denied Medicare supplemental insurance for the following...
Is Medigap Insurance Tax Deductible?
Posted: February 6, 2022
If you have Original Medicare along with a Medigap insurance plan, your Medigap premiums are tax-deductible. They are treated as a medical expense on Form 1040, Schedule A, Itemized Deductions and subject to the same guidelines as any other medical expense in this category. As with other medical expenses, to be able to deduct your Medigap premiums, you must be itemizing deductions. Only the portion...
How Do Medicare Advantage Plans Work?
Posted: January 21, 2022
Medicare has four different parts -- Part A (hospitalization), Part B (healthcare services), Part C (Medicare Advantage Plans), and Part D (prescription drug coverage). Medicare Advantage Plans are an alternative to Original Medicare for Part A and Part B coverage. These plans are offered by private companies approved by Medicare and administered according to set Medicare rules. Because they work like private health insurance, Part...
5 Winter Safety Tips for Seniors
Posted: January 6, 2022
Ice, snow, and freezing temperatures can make life more challenging for seniors during the winter months. Slippery walkways and bone-chilling colds can lead to serious injuries and illnesses, particularly for older adults. These tips for winter can help keep seniors safe. Dress Warm to Prevent Hypothermia Hypothermia is a risk for older people living in regions with colder temperatures in winter. This condition occurs when...
Mental Health Care: Is It Covered by Medicare?
Posted: December 21, 2021
Medicare covers screening for depression, once a year, at no cost. Medicare also covers various other types of mental health services. A person on Medicare may feel depressed, particularly during the pandemic, when they have been less willing or able to engage in the usual social activities or spending time with loved ones. Symptoms of Depression Depression comes with a set of symptoms, which include:...
