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Medicare HMO vs PPO: What’s the Difference?

🔎 Understanding the Basics 🏥 HMO Highlights 💰 PPO Benefits 📝 Making a Decision In summary, when deciding between Medicare HMOs and PPOs, consider your budget, preference for provider choice, and the importance of lower out-of-pocket costs. Call us today at 757-933-3688 and we will help you assess your Medicare healthcare needs to determine which plans best align with your priorities.

Medicare Savings Programs: Financial Assistance for Medicare Beneficiaries

Medicare Savings Programs (MSPs) offer financial assistance to individuals enrolled in Medicare or those who will soon be eligible. These programs help cover the high costs of healthcare, including deductibles, coinsurance, and other expenses not typically covered by Medicare. This blog post provides an overview of MSPs, eligibility criteria, and application process. What is the Medicare Savings Program? The Medicare Savings Program assists eligible Medicare recipients in paying for premiums associated with Medicare Part A and Part B. In addition to premium coverage, qualified individuals may receive assistance with coinsurance …

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CMS is Cracking Down on Misleading Medicare Advantage Ads: What You Need to Know

Starting September 30, 2023, there are going to be some new regulations in place for Medicare Advantage (MA) advertising. Celebrities like Joe Namath, William Shatner, or Jimmy Walker will need to disclose which insurance plan they are endorsing, and they can’t misuse the Medicare logo or card to make it seem like they represent the federal government. This is all part of a larger effort by the Centers for Medicare & Medicaid Services (CMS) to crack down on misleading marketing schemes by health insurance companies. For example ads for Medicare …

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May is Older Americans Month!

Did you know that Older Americans Month has been celebrated since 1963? Back then, only 17 million Americans had turned 65, and unfortunately, many were living in poverty with very little support. However, things were beginning to change as more people became interested in improving the lives of older Americans. In April of that year, President John F. Kennedy met with members of the National Council of Senior Citizens, which eventually led to the designation of May as “Senior Citizens Month.” This was the start of what we now know …

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Don’t Burden Loved Ones With Your Funeral Expenses

Have you ever thought about how your funeral expenses will be covered? We understand that losing a loved one can be an emotional and stressful time, and the last thing we want is to add financial pressure on top of that. That’s where final expense insurance (also known as burial or funeral insurance) can come in handy, as it can alleviate the financial burden on your family members by covering the costs of your final expenses. Guaranteed issue life insurance is a type of life insurance policy that is specifically …

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