By RetireMED®iQ

Medicare’s Annual Enrollment Period (AEP) is October 15-December 7, and during this time Medicare fraud is often heightened. Throughout AEP, it is especially important to be vigilant in protecting your personal information from potential scam artists. Your safety is our priority! Below is a list of Medicare coverage “Don’ts” that our RetireMED®iQ Client Advisors recommend you keep in mind to...

By RetireMED®iQ

What is a Late Enrollment Penalty? One of the biggest concerns retirees have when enrolling in Medicare is making sure they are not “penalized.” There are a lot of misconceptions about the Late Enrollment Penalty. But what exactly is the Late Enrollment Penalty? A Late Enrollment Penalty (LEP) is issued when you have a lapse in coverage. You pay a...

By RetireMED®iQ

Older adults’ health is influenced by a number of factors, including physical activity (such as walking, stretching and swimming) and healthy eating habits. One you may not have predicted, though, is social support and personal relationships. Interactions with individuals, especially those you care about, can have quite an impact on your health as you age. To some, maintaining an active...

By RetireMED®iQ

Network Pharmacies Medicare Advantage plans with Prescription Drug coverage and stand-alone Prescription Drug Plans contract with pharmacies nation-wide in order to provide their members with prescription coverage. These contracted pharmacies are considered “network pharmacies,” where you may pay coinsurance or a copay for your medications. Two Common Types of Network Pharmacies Preferred Pharmacies – These pharmacies offer lower copays and coinsurances...

By RetireMED®iQ

Your Plan’s Summary of Benefits Stand-alone Prescription Drug plans and Medicare Advantage plans outline their basic benefits in a booklet called the Summary of Benefits (SOB). This document presents an overview of the services your plan will cover. When you first enroll in a stand-alone Prescription Drug plan or Medicare Advantage plan, Medicare requires that you receive a copy of...

By RetireMED®iQ

You may find yourself transitioning to a new Primary Care Physician (PCP) due to your current doctor retiring or for a range of other reasons. If you are enrolled in a Medicare Advantage Plan, it’s important that you promptly share this change with your health insurance carrier to prevent undue issues with claims or visits to the new doctor. When...

By RetireMED®iQ

As you may know, RetireMED®iQ is an independent health plan advisory service. As a part of our services, we provide trusted guidance to the right Medicare plan for you and your needs at no cost to you. Yep, you read that right. We offer our many advisory services, including… One-on-one health plan advice Assistance enrolling in your health plan Annual advice...

By RetireMED®iQ

Because of the close relationship between Medicare and Social Security, people often get these two programs confused. Although there are connections between Medicare and Social Security, they are actually two separate government programs. Working with Medicare on a daily basis gives us perspective on the relationship between Social Security and Medicare that we want to share with you! Medicare vs....

By RetireMED®iQ

Research shows that one in four retirees will experience a fall each year. Falls are the leading cause of both fatal and nonfatal injuries for people aged 65+. Falls can result in cuts, broken bones and head trauma—and these injuries can lead to other physical injuries, depression and social isolation. More than 75 percent of older adults’ falls happen either...

By RetireMED®iQ

Medicare’s Annual Enrollment Period (AEP) is from October 15th through December 7th every year. As AEP is now upon us, please review our quick tips regarding changes you are permitted to make to your Medicare coverage during this time. We also noted a few limitations to keep in mind. As always, we want to ensure you are confident as you...