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How to Compare Medicare Advantage Plans: Part 3

Posted by Sarah Riordan

Nov 8, 2016 8:30:00 AM

If you’re just getting started with "Day 2," head to Parts 1 and 2 of this series to make sure you’re not missing out on important things to look at when comparing MA plans. 

Stars Explained:

Star ratings are perhaps the most underutilized resource when it comes to comparing MA plans. Medicare offers you an unbiased view of Medicare plans in your area through the Star Ratings System. Star ratings are given out each year by the Centers for Medicare and Medicaid Services, the government body that oversees Medicare. A plan’s rating is based on over 50 quality and performance measures. After the review process is complete, CMS awards plans a Star rating from 1 to 5, with 1 being the lowest and 5 being the highest. 

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Topics: Medicare

How to Compare Medicare Advantage Plans: Part 2

Posted by Sarah Riordan

Oct 18, 2016 8:30:00 AM

If you’re just now visiting our blog, you can get a little more background into this series by heading to Part 1, where we talk about the ever-important copay. 

As for Part 2, let’s get right to it. Maximum Out-of-Pocket (MOOP) limits are a great feature of most MA plans, and they serve as another great way for you to gauge how much you’ll be paying out of pocket for your healthcare each year.

 

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Topics: Medicare

How to Compare Medicare Advantage Plans: Part 1

Posted by Sarah Riordan

Oct 3, 2016 12:24:20 PM

Medicare is complicated. It’s a fact. So at "Day 2," we like to dedicate time to making
sure people really understand Medicare before they select a plan. After all, there’s nothing more important than your health.

 Background:

Medicare Advantage (MA) plans are a popular way to simplify coverage while saving on out-of-pocket costs. With an MA plan, all of your benefits - including your Part D drug coverage - come from one plan and one company. Most of these plans offer all of this at a $0 Monthly premium. With that said, there are a lot of variations in those $0 premium Medicare Advantage plans that can catch people off guard if they don’t know what to look for. That’s what we’ll address in this series.   

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Topics: Medicare

Which Medicare plan should you choose?

Posted by Sarah Riordan

Sep 19, 2016 3:31:03 PM


It's that time of year again...when mailers for Medicare plans start filling mailboxes everywhere. While it may feel like an inconvenience, it's actually really smart to take a look at those mailings and shop around during Medicare's Annual Enrollment Period (AEP). That way, you can be sure you're getting all the benefits and savings you're entitled to. To help you decide which Medicare plan is best for you this AEP, we're recycling one of our very first Day 2 posts, and re-sharing a quiz that offers a lot of insight into your Medicare needs. 


Which Medicare Plan is Right for You?

The best part about Medicare is that you get to choose the kind of healthcare coverage you want. Generally, Original Medicare covers 80 percent of your medical costs. However, there’s no limit on the amount you will have to spend out of your own pocket, and that 20 percent can add up quickly if you should get seriously sick or injured. That’s why many people choose a Medicare Advantage plan or a Medicare supplement. Both plans help cover what Original Medicare does not, but one may better fit your lifestyle and personal preferences. To find out which kind of plan best meets your needs, circle your answers below and add up your points at the end. 

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Topics: Medicare

The Arthritis Diet

Posted by Sarah Riordan

Aug 25, 2016 2:11:09 PM

What we eat impacts everything from our heart to our joints. Avoiding certain foods, and eating others, can directly affect joint pain. If you’re one of the millions of Americans who suffers from chronic joint pain, here’s a look at a diet that steals from Mediterranean cuisine to reduce inflammation in the body. 

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Topics: Your Health

Make No Bones About It - Facts on Osteoporosis

Posted by Sarah Riordan

Jul 20, 2016 4:31:43 PM

Bone health is important to your overall quality of life. Unfortunately, as we age we are at increased risk for osteoporosis -- a disease that causes bones to become weak and brittle. Here are some facts on osteoporosis and, more importantly, tips on how to prevent it. 

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Common Medicare Questions Answered: What is the difference between a Medicare Supplement and a Medicare Advantage Plan?

Posted by Sarah Riordan

Jun 23, 2016 4:18:49 PM

As soon as you start researching your Medicare coverage options, you quickly find out that Original Medicare, or Parts A and B, isn’t enough. While it does cover 80 percent of your medical costs, it leaves you completely exposed for that extra 20 percent with no cap on that amount. Given how expensive medical care is, that 20 percent could easily equal 80 percent of your savings and retirement.

Typically, the next step for people is to look into how they can cover that 20 percent — along with the cost of prescription drugs. To do this, you have two options.

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Topics: Medicare

Common Medicare Questions Answered: What is the MOOP?

Posted by Sarah Riordan

Jun 1, 2016 10:36:10 AM

While the word “MOOP” may not sound like a serious term, in the world of Medicare, it's actually a big deal. It can even protect your savings and retirement should a serious illness or injury occur.

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Topics: Medicare

Should you delay retirement?

Posted by Sarah Riordan

May 17, 2016 12:16:43 PM

Nearly half of Baby Boomers still working say they don’t plan to retire until they are 66 or older, while one in 10 predicts they will not retire at all.

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Medicare Terms Worth Knowing

Posted by Sarah Riordan

Apr 18, 2016 3:51:29 PM

There are a lot of terms thrown around when it comes to Medicare, and if you don’t happen to speak “Medicare” as a second language, it can get confusing quickly. Here’s a look at some Medicare terms that are important to understand and note.

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Topics: Medicare

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Entering retirement is a significant milestone and the beginning of the next important chapter of your life. After the celebration ends, Day 2 of this phase begins. What will be your next adventure? What new things will you learn and what lessons will you share along the way? We created this blog as a resource to help prepare you for this journey and provide you with some helpful insights along the way.  

 

Learn About Essence

To learn more specifically about Essence Healthcare and our various Medicare plans, please visit our main website by Clicking Here

 

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