Get Ready Medicare Customers Increase In Out-Of-Pocket Limit For Medicare Advantage Plans $7,550 In 2021?

Watching the presidential debate I was wondering when were they going to talk about the most important topic that’s affecting nearly half of America. High healthcare cost, While doing some research I came across this article from Forbes magazine. Here’s a snippet The out-of-pocket maximum or limit is the most you will have to pay for covered services in a plan year. Once you have written checks up to the set limit, the Medicare Advantage plan will cover the costs of services for the remainder of the year. Beginning in 2011, Medicare set the maximum out-of-pocket limit for in-network services at $6,700 and $10,000 for in- and out-of-network combined. But that will change as of January 1. The maximum limits will increase to $7,550 for in-network and $11,300 for in- and out-of-network combined.
— Read on www.google.com/amp/s/www.forbes.com/sites/dianeomdahl/2020/10/22/have-you-heard-the-maximum-out-of-pocket-limit-for-medicare-advantage-plans-will-be-7550-in-2021/amp/

Medicare Open Enrollment Period Starts Soon—Get Ready | Medicare

You can enroll in Medicare health and drug plans from October 15 – December 7. Get ready for Medicare’s Open Enrollment with these 5 tips:

Check your mail. You may get important notices from Medicare or Social Security. If you’re in a Medicare plan, you’ll get an Annual Notice of Changes (ANOC). Note any 2021 changes to your health coverage or any Extra Help you may get to pay for prescription drugs. You may also get health plan marketing materials, like brochures, from insurance companies that offer Medicare health and prescription drug plans. Remember — plans aren’t allowed to call or come to your home without an invitation from you.
— Read on www.medicare.gov/blog/medicare-open-enrollment-get-ready

The Tale of Medicare and The Flu.

We are moving into the season of colds and flu if your elderly that’s the time when you should really be caring for your health. Take a look at this excerpt from Forbes magazine regarding those on Medicare and the flu shot. Every year, the arrival of the flu presents a risk for seniors. People 65 years and older account for 70 to 85% of flu-related deaths and 50 to 70% of flu-related hospitalizations each flu season. However, this year the risk is considerably greater because of the pandemic. Eight of 10 COVID-19 related deaths have been among those 65 and older. Getting the flu or COVID is serious but getting both can be deadly. 
— Read on www.forbes.com/sites/dianeomdahl/2020/10/13/if-youre-on-medicare-heres-what-you-should-know-about-the-flu-shot/

Caring for yourself should be the one thing we must focus on as the year comes to an end. Caring for you always, contact us for more details. The Milford Group