Enhancements To Medicare Advantage 2024 The Centers for Medicare and Medicaid Services (CMS) regularly reviews the regulations that govern the provision, sale, and use of Medicare and Medicaid. CMS analyzes the experiences of both the government-contracted insurers and the beneficiaries who purchase the insurance plans. Any amendments CMS proposes take effect in the following year. […]
Medicare, the federal health insurance program in the United States, plays a crucial role in providing affordable healthcare coverage to millions of Americans. As we approach 2024, several updates are set to take effect, impacting beneficiaries, healthcare providers, and the overall healthcare landscape. In this blog post, we will delve into the key updates to Medicare […]
Medicare plays a crucial role in providing medicare coverage for millions of Americans, particularly seniors and individuals with disabilities. When it comes to rehabilitation services, Medicare offers coverage for inpatient rehab facilities, ensuring that beneficiaries receive the necessary care and support to regain their independence. In this blog post, we will explore the relationship between Medicare and […]
Know About Medicare AEP 1. AEP Dates: Understand the specific dates: The Annual Enrollment Period for Medicare typically runs from October 15th to December 7th each year. Make sure to mark your calendar and stay informed about any changes or extensions for the 2024 AEP. 2. Plan Changes: Be aware of plan changes: During AEP, Medicare beneficiaries […]
For many people the updated Medicare Part B costs 2024 is important information to have. Although, most people do not think about the cost of Medicare Part A because most Medicare beneficiaries receive their Part A benefit for free. As long as they have worked for at least 40 quarters in a Medicare covered job […]
If you’re a frequent TV viewer, chances are you’ve come across commercials discussing Medicare Part C, also known as Medicare Advantage plans. These plans are offered by private insurance companies in collaboration with Medicare, and they must provide coverage equivalent to original Medicare. However, before you enroll in a Medicare Advantage (MA) or Medicare Advantage Prescription Drug […]
The Centers for Medicare & Medicaid Services (CMS) recently announced an important initiative to address the soaring medicare drug price of prescription drugs for Medicare beneficiaries. Under the Inflation Reduction Act, the CMS will begin negotiating prices for a selection of high-cost medications, marking a significant shift in Medicare’s approach. While Medicare has traditionally negotiated […]
If you’re looking to compare Medicare supplements, understanding the intricacies of each plan is crucial for both Medicare insurance agents and enrollees. Medicare supplements, also known as Medigap insurance, play a vital role in providing coverage to fill the gaps after Original Medicare pays its share of covered medical expenses. One key aspect to bear in mind […]
Medicare premiums are a crucial aspect for both beneficiaries and agents to comprehend. They tend to change annually, making it essential for enrollees and agents to stay informed about these adjustments. Failing to have the correct information can lead to costly mistakes. At Gr8 Medicare Solutions, we aim to provide comprehensive insights into Medicare premiums to […]
At Gr8 Medicare Solutions, we understand the importance of accessing the medications you need. If you find that your prescribed medication is not on your plan’s formulary, you can take action by requesting a “formulary exception” from your insurer. Here’s a step-by-step guide to help you through this process. Understanding Formulary Exceptions Health plans maintain a formulary, a […]
