Medicare Supplement Plans – Good Companies with Great Options

November 26, 2014 Posted by admin

imagecontentmedicareMedicare Supplement Plans are being purchased by droves of Seniors who are turning 65 and enrolling in Medicare for the first time. This is mostly due to the great financial health of the companies offering these policies, fabulous customer service, and affordable Medicare Supplement Plan prices. While many different companies offer the same exact Medicare supplement plans and benefits, many people appreciate quality and know the strong brand name strong companies. Aetna Medicare supplement plans are highly desirable because Aetna has an “A” rating by A.M. Best, which is a well known rating agency. This is a fine demonstration of financial health and all but ensures Aetna will be providing great service for years to come. Aetna has a strong brand and many seniors have had an Aetna health insurance policy at some point throughout their career and are familiar with the company. In addition, most doctors like working with Aetna as they are a top rated company with great medical provider support. One of the most important factors to consider when purchasing a Medicare Supplement Plan is the customer service provided by the insurance company. Aetna Medicare supplement plans have

Medicare Supplement Plans Purchase At The Annual Enrollment

March 1, 2015 Posted by admin

People who buy these Medicare supplemental quotes can visit almost any specialist, hospital, or doctor, and often pay very less or nothing at all for these kinds of purchases. The only difficulty with Medicare Supplement Plans is the agencies that offer this kind of Medicare supplemental quotes have under-writing guidelines, which might make it difficult to qualify if you have preexisting circumstances. Using definite issue guide-lines to buy one of these plans might make a big difference in the worth of care you get and you”re other expenses for physician and hospital services.

The most frequently used assured issue period is the period of preliminary enrollment, which starts on the first-day of the month where you are both registered in Medicare (Part B) and over the age of sixty five. This time extends for 6 months and you may register in any plan with any agency during this specific time without responding to any of the health queries. A lot of seniors buy Medicare Supplements (Plan F) in the initial registration period, however over the past few years a lot of people have been influenced to buy Medicare Advantage Plans that offer lower coverage.

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Choosing The Right Medicare Plan For You

February 27, 2015 Posted by admin

For many people that are eligible for Medicare, just beginning to look over all of the different types of healthcare coverage can be very confusing. As you know, having options is often a very good thing. But with all of the healthcare plans available, how do you make a decision that will be right for you?

Those that have reviewed the many options with Medicare know that it is simply nothing but choices. Depending upon your situation, you may decide to stay with traditional Medicare, known as Medicare Parts A and B. If you choose this plan, it is recommended to obtain a Medicare Part D (prescription drug) plan as well. Medicare Part D ensures that all of your medications are covered.

Or, you may take a look at a Medicare Advantage plan, which combines traditional Medicare coverage plus prescription coverage and many other benefits. You may also be interested in a Medigap (supplemental) plan that offers even more coverage than the Advantage plan.

With all the options that Medicare includes, many people just give up due to confusion. Fortunately, help is available. To get the most out of your healthcare insurance choices, you should be advised by a knowledgeable

Irs Employers Obligations On Aca Mandated Medicare Surtax

February 27, 2015 Posted by admin

What exactly are high earners? The monetary thresholds are defined in the IRS table below. Wages and self-employment earnings on which Medicare tax is charged, and which exceed the thresholds listed, are subject to the “additional Medicare tax,” as the IRS calls it. The classes of employment and types of payments which are subject to Medicare, as well as Social Security and FUTA, are spelled out in IRS Publication 15. Here are a few examples from the IRS.

Disabled workers’ wages: Exempt if worker did not perform any service for the employer during period for which payment is made.
Resident aliens: Taxable same as for U.S. citizens for services performed in the U.S.
Spouse employed by a spouse: Taxable in the course of a spouse’s business.
Fringe benefits: Taxable on the excess of fair market value of the benefit over the sum of an amount paid for it by the employee and any amount excludable by law. “However,” the IRS warns, “special valuation rules may apply” (including those for cafeteria plans).
Employer contributions to a qualified retirement plan: Exempt.

As the table indicates, the threshold for those filing married jointly, at $250,000, is only slightly ($50,000)

How Will Medicare Supplement Insurance Face Cost Cuting Efforts

February 22, 2015 Posted by admin

Healthcare reform is taking aim at cutting waste in Medicare. Will a new system of competitive bidding preserve Medicare to help seniors for many years to come?

This change addresses the cost of common medical equipment and supplies that are used to help seniors get the care they need to stay at home, such as diabetic supplies, oxygen equipment and wheelchairs. According to multiple government reports, the fee-based system used in Medicare to pay for such medical equipment for home use not only inflates costs, but is also subject to fraud.

Cutting Costs Nationwide by One-third

Nationwide, the new bidding system is projected to cut costs by an average 32 percent. It’s anticipated that the average savings will be even greater in Florida with a reduction of 34 percent in Central Florida and 35 percent in Southern Florida. These savings can benefit not only seniors, but taxpayers as well. Here’s one specific example: In Central Florida, the cost of an oxygen concentrator averages about $173.17 monthly. That could drop to $115 a month, but remember that reductions may vary depending on the kind of equipment or supplies as well as by the location. With greater reductions expected in Florida, the

General Surgery 10 Tips to Ease Unna Boot Billing

February 21, 2015 Posted by admin

Although the coding itself is straightforward there is only one Unna boot code this does not necessarily mean that reporting this service will be problem-free. An Unna boot is a medicated dressing that surgeons use to treat varicose leg ulcers, which may occur due to increased venous pressure from venous insufficiency or other outflow problems. Unna boots also are used to manage lymphatic edema and sometimes are used for sprains, strains, minor fractures and, sometimes, as a protective bandage for grafts on wound burns.

Application of an Unna boot is reported using 29580 (Strapping; Unna boot), which consists of layering a bandage impregnated with Unna paste (gelatin, glycerin and zinc oxide) on the leg ulcer until the bandage becomes semirigid. The combination of pressure and medication aids the healing process. .. .

Multiple treatments typically are required, usually once a week and sometimes more frequently, says Elaine Elliott, CPC, a general surgery coding and reimbursement specialist in Jensen Beach, Fla. .

Tip 1: Only significant and separate E/M services should be reported on the same day as Unna boot application. Because Unna boots are applied during a series of visits, E/M services (for example, an established patient visit) should not