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2022 Medicare Annual Enrollment Period – Start Here​

Medicare Annual Enrollment Period 2022 - Start Here

Ready for 2022 Medicare Annual Enrollment Period?  Check out this video message to learn more.  

By the end of September, you should have received the Annual Notice of Change (ANOC) for your current Medicare Advantage Prescription Drug Plan (MAPD) or Medicare Stand-alone Prescription Drug Plan (PDP).   Please review the Annual Notice of Change (ANOC) document.

Some plans may adjust their premiums or copays, make modifications to the prescriptions included on their drug formulary list, or make benefit changes.

If you have any questions or would like to review your options, please do not hesitate to contact your agent, Jeff or Suzanne.  We are contracted with most insurance companies.  We work for you, not the insurance company!

The 2022 Medicare Annual Enrollment Period runs from October 15 through December 7.

 If you are satisfied with the plan design for 2022, there is nothing additional for you to do. Your new card and information for 2022 will automatically be sent to you by the end of 2021.

Call with any questions or schedule a time to talk with Jeff at this link or Suzanne at this link

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All these Medicare commercials, what are they talking about?​

All these Medicare commercials, what are they talking about?

Medicare Savings Programs

 You can get help from your state paying your Medicare premiums. In some cases, Medicare Savings Programs may also pay  Medicare Part A (Hospital Insurance) and  Medicare Part B (Medical Insurance) deductibles, coinsurance, and copayments if you meet certain conditions. 

 

How do I apply for Medicare Savings Programs?

 

– Do you have, or are you eligible for, Part A?

– Is your income at, or below, the income limits listed for any of the programs at the links below? 

– Do you have limited resources, below the limits listed at the links below?

 

Kentucky – click here

Ohio – click here

Indiana – click here

Missouri – click here
Wisconsin – click here

Medicare’s National Directory – click here

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2022 Part D Annual Enrollment Period​

2022 Part D Annual Enrollment Period

Ready for 2022 Medicare Annual Enrollment Period?  Check out this video message to learn more.  

By the end of September, you should have received the Annual Notice of Change (ANOC) for your current Medicare Stand-alone Prescription Drug Plan (PDP).   Please review the Annual Notice of Change (ANOC) document.

Some plans may adjust their premiums or copays, make modifications to the prescriptions included on their drug formulary list, or make benefit changes.

If you have any questions or would like to review your options, please do not hesitate to contact your agent, Jeff or Suzanne.  We are contracted with most insurance companies.  We work for you, not the insurance company!

The 2022 Medicare Annual Enrollment Period runs from October 15 through December 7.

 If you are satisfied with the plan design for 2022, there is nothing additional for you to do. Your new card and information for 2022 will automatically be sent to you by the end of 2021.

Call with any questions or schedule a time to talk with Jeff at this link or Suzanne at this link.

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Should you change your Medicare Supplement Plan?

Should you change your Medicare Supplement Plan?

If you currently have a Medicare Supplement, like Plan F, Plan G, or Plan N and your monthly premium keeps going up every year, you have options.  One option, apply for the same coverage you have now, and get a lower rate with another health insurance company.  Applying for new coverage typically requires underwriting.  Check out my video above for more details.  You can click the links below for a sample underwriting questionnaire and a sample medication denial list.  There are other factors that can affect your approval like BMI (body mass index).  If you would like to explore your options, contact me at 800-750-6530 or click the link below to schedule a time on my calendar.  I look forward to helping you.

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The American Rescue Plan expands subsidies, makes ACA health insurance cheaper for most Americans​

The American Rescue Plan expands subsidies, makes ACA health insurance cheaper for most Americans

The American Rescue Plan was recently signed into law. This is the largest expansion of the Affordable Care Act since it was signed in 2010, and the American Rescue plan expands subsidies significantly, both increasing subsidies for those who qualified before and expanding subsidies to people who have never previously qualified.

Plus, there’s a new enrollment period, meaning anyone can enroll until August 15th without needing a Qualifying Life Event.

Here is some key information on how this newest COVID-19 relief bill impacts your health insurance:

1. Those who already qualified for subsidies will see larger subsidies. This means people who make up to 400% of the federal poverty level (up to $51,520 for an individual or $106k for a family of 4) will see even more savings than they did previously.

2. Most people who didn’t previously qualify for subsidies will now qualify. Before, if you made more than 400% of the federal poverty level, you could not get any subsidies. The new bill caps the percentage of income paid for a Marketplace benchmark silver premium to 8.5% of your household income, which makes health insurance significantly more affordable if you previously had too high of income to get a subsidy.

3. Subsidy guarantees for enrollees receiving unemployment compensation. If you’ve received unemployment compensation in 2021, you may qualify for significant subsidies regardless of your income.

4. COBRA covered at 100% until September. If you were laid off/involuntarily terminated, you can get the cost of COBRA covered until September.

 

How these new subsidies affect consumers

The vast majority of consumers will see larger subsidies for their plans. The American Rescue Plan increases the amount of premium subsidy for all households within 100—400% of the federal poverty level, and extends subsidies to those above 400%.

People who make above 400% of the federal poverty level, who were previously ineligible for subsidies, this can see huge savings.

Here are a few key stats:

– 4 out of 5 enrollees can find a plan for $10/month or less. And more than 50% can find a silver plan for $10/month or less.

– Many premiums will decrease, on average, by $50 per person per month.

– 1 out of 4 HealthCare.gov enrollees will be able to upgrade to a plan with lower out-of-pocket costs.

– 48,000 uninsured American Indians and Alaska Natives will be newly eligible to save money on health care coverage and 21,000 will be eligible for zero-dollar benchmark Marketplace plans.

What should I do if I’m already enrolled in an ACA plan? Will I get new savings?

Extra subsidies will become available on April 1st, 2021. After that, if you are currently enrolled in a Marketplace plan, your premium will not be automatically lowered. You have 2 options:

1. Do nothing and get any extra subsidy you’re eligible for as part of your 2021 tax refund

2. Update your application and reselect your health plan to see savings applied immediately. We recommend doing this—you’ll also be able to see if there’s a better plan available to you for the same cost. If you’re within 100 – 150% of the federal poverty level, you’ll be eligible for a $0 premium silver plan with substantial cost sharing reductions that lower deductibles.

If you change plans, the amount you’ve already paid towards your deductible may be reset, and you might need to start over paying out of pocket expenses to reach the deductible of the new plan. You should check with your insurance company to see whether they’ll give you credit towards your new deductible if you stick with a new plan with the same insurer.

What should I do if I don’t currently have health insurance?

We highly recommend that you shop on the Marketplace after April 1st to see if you can get a low-cost health insurance plan. The new subsidies make plans much more affordable, and you may be able to get a very low-cost or free health insurance plan. Click the Find the Best Plan for you link below to see plans and prices or call us at (800) 750-6530 to get help enrolling.

 

 

 

Are You Shopping Health Insurance?

Click on the button below to start your search with one of our experts today!

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Faith Community Pharmacy

Are you having trouble affording your medications?


You are not alone and Faith Community Pharmacy is a resource to help. Faith Community Pharmacy provides 100% free prescription medications to those living in Northern Kentucky who cannot otherwise, afford their prescriptions for chronic disease states such as diabetes, COPD, asthma, high blood pressure, mental health and more.

Call for more details or ask your physician to send a referral to start the process.

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Do you have the right drug plan for 2021?

Do you have the right drug plan for 2021?


New for 2021, use our website to make sure you have the best drug plan for your unique situation during Annual Enrollment Period (October 15 – December 7).  Enter your drugs with dosages and your preferred pharmacy to see which plan will work for you next year.

Important Points:

 1. We do NOT represent ALL of the drug plans in the country. This is on purpose, as we only have chosen to work with certain ones.

2. You must CLICK on the Prescription Drugs tab, otherwise it defaults to Medicare Advantage on the site. 

3. The default start date is January 1 if you are signing up during the AEP period (October 15 – December 7). After this period, the default effective date is the 1st of the next month.

4. If you are currently on a Medicare Advantage plan, and sign up for a Part D plan, this will disenroll you from that Medicare Advantage plan. Make sure you first have been approved for a Medicare Supplement, if you are applying for one.

5. If you make an account on the page, DO NOT use the +4 ZIP code. Just use the 5 digit ZIP code. Apparently using more causes as error.

QUESTIONS … call 800-750-6530

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Life Insurance – Get peace of mind to live your life

Life Insurance - Get peace of mind to live your life

A life insurance policy from MassMutual can help protect your loved ones in the event of your passing. There are two main types of life insurance: term and permanent. Term is for a specific period of time; permanent life insurance provides a death benefit that can last a lifetime, so no matter when you pass, your loved ones will receive a payment. And some of our permanent policies offer the opportunity to build cash value , which you’re able to use however you’d like.

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Is a TriTerm Medical plan the right for for you?

Is a TriTerm Medical plan the right for for you?

If you are under 65 in Kentucky, Indiana, Texas, Florida, Missouri, Alabama, or North Carolina you might appreciate the stability of having the same insurance plan for three years.  TriTerm plans have a national PPO network, cover some preventive care, offer copays for medical visits and prescriptions at an affordable price. Check out TriTerm Medical plans here. 

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Affordable Dental Insurance is well Within your Reach.

Affordable Dental Insurance is well Within your Reach.

Take confidence in knowing your dental care needs are covered with an affordable individual dental plan from  Ameritas, Cigna, or NCD.  All three of these options offer national PPO networks that are widely accepted.  You can get a quote, check your dentist, and enroll using the links below.  

As always, call, email, or text with questions.

MedMyWay – 800-750-6530