Important Information About Medicare Enrollment

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By: Attorney Nathan Simpson

Medicare enrollmentGetting Medicare enrollment correct is very important to avoid gaps in coverage. The Journal of Financial Planning has published a handy timeline which helps seniors plan for when to enroll. The Journal recommends enrolling in the three months prior to your 65th birthday to avoid any gaps in coverage. Waiting until after your 65th birthday could result in coverage delays of one month or more. Delaying too long can even result in penalties being assessed to your Part B Premium.

If you would like more information about planning for Medicaid, Medicare, or Social Security, please contact the Elder Law Attorneys at Cooper, Adel & Associates today.

http://squaredawayblog.bc.edu/squared-away/sorting-out-medicare-enrollment-dates/

 

New Data Shows Impact on Obamacare Cuts to Medicare Advantage

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By: Attorney Nathan Simpson

New data has been released showing the effects that the Affordable Care Act’s cuts to the Medicare Advantage Program will have on American seniors. In Ohio, we are expecting to see a $55-$65 decrease in benefits or premium reduction each month for members of the Medicare Advantage program. This is just the first of many negative impacts that the Affordable Care Act could have on Ohio Seniors.

For a more detailed breakdown of how the Affordable Care Act will affect Ohio and other states, see the following link: http://www.ahipcoverage.com/2014/03/11/new-state-by-state-data-show-impact-on-seniors-of-proposed-cuts-to-medicare-advantage/.

If you would like to learn more about how the Affordable Care Act and the rising cost of long term care may affect your estate plan, please call an Ohio Elder Law Attorney today.

 

Medicare cost increases will affect seniors negatively

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By Kathy Cooper

Kaiser Family Foundation recently reported that increase in seniors’ share of the cost burden for Medicare under Obamacare will negatively affect most seniors. The purpose of the Kaiser study was to determine how well seniors would be able to absorb rising Medicare premiums, co-pays, deductibles and related costs. The study concluded that most seniors are of modest means – low income, low savings and low home equity.

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When Should I Apply for Medicare?

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By Chris Meyer

Many of our clients are unsure about when they should apply for Medicare. With the ever-changing rules and regulations of the healthcare world, it is difficult to keep up to date on the suggested age of applying for Medicare as well as the standard procedure as how to apply. It is important to know, assuming that you are not covered by an employer-sponsored program that you can and should apply three months before you turn age 65, including the month you turn 65. You can also apply three months after you turn age 65. If you do not sign up during this time period, you may have to pay a higher premium for late enrollment in Part B!

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