July 7, 2022 Breaking News, Latest News, and Videos

Understanding The Difference Between Medicare & The Marketplaces:

If you have Medicare, you may be confused by the buzz surrounding the launch of the new health insurance marketplaces, which are part of the Affordable Care Act (also known as Obamacare).

What do these marketplaces mean for you? It’s important to understand that Medicare and the marketplaces are entirely separate.

If you have Medicare, you should make the same kinds of decisions about your Medicare coverage that you make every year during open enrollment.

You should not sign up for a marketplace plan. But if you know people who don’t have insurance, they should look into this new option.

Here are some frequently asked questions about Medicare and the marketplaces:

If I have Medicare, should I look for insurance in my state’s marketplace?

No. The marketplaces are intended to help people who don’t have health insurance. If you have Medicare, you already have health insurance. You should make the same kinds of decisions about your Medicare coverage that you make ever year.

If I have Medicare, do I need to worry about the new requirement to have health insurance?

No. If you have Medicare, you already meet the requirement that people have insurance starting in 2014. This is true even if you have only Medicare Part A. You do not need to buy any supplemental coverage to comply with anything in the Affordable Care Act.

So what should I do about my Medicare coverage?

Similar to last year’s schedule, Medicare’s open enrollment period runs from October 15 to December 7, 2013. During Medicare open enrollment, you can decide whether to change plans, join a new plan, or keep the same Medicare coverage you have. If you have a Medicare Advantage or Part D prescription drug plan, you should check to see if your plan will be changing in 2014, and you should assess whether your medication needs have changed. If you have traditional Medicare, you can think about whether you want to join a Medicare Advantage plan. And thanks to the Affordable Care Act, Part D drug coverage will continue to improve in 2014, and Medicare will continue to cover most preventive benefits with no copayments. You can check medicarewire to know how much does Original Medicare costs and its coverage.

You can learn about your Medicare choices by going to the Medicare website at www.medicare.gov or by calling 1-800-MEDICARE. For personalized counseling, ask for a referral to your local State Health Insurance Assistance Program (SHIP).

What if I have Medicare and someone tells me I need to get a new plan because of Obamacare?

This is not true. Watch out! Dishonest people may try to take advantage of consumers by telling them they need to buy a plan when they don’t need to. In fact, it is against the law for anyone to sell you a marketplace plan if he or she knows you have Medicare. Also, remember that Medicare supplemental (“Medigap”) plans are not sold through the marketplaces. Never give your Medicare number or Medicare card to someone you don’t’ know. You can report suspected Medicare fraud at www.StopMedicareFraud.gov.

What about people I know who do not have Medicare or other health insurance?

There is good news for these folks! People who do not have insurance will be able to buy health plans through the marketplaces, or they may qualify for expanded Medicaid. Coverage starts on January 1, 2014. Many people will also be eligible for financial assistance to help pay their premiums. These folks include early retirees who are waiting for Medicare coverage, or they could be your adult children or grandchildren. Help your friends and loved ones by letting them know they have new options. They can learn what’s available by going to www.healthcare.gov or by calling 1.800.318.2596.

in News
Related Posts

Newsom Signs Sen. Ben Allen’s Pollution Bill That Places Recycling Costs on Producers Rather Than Municipalities

July 6, 2022

July 6, 2022

Senate Bill 54 calls on the producers of specific materials to form a Producer Responsibility Organization  By Sam Catanzaro California...

LA City Council Approves Emblem Program to Identify Legal Cannabis Business

July 6, 2022

July 6, 2022

Placards will serve as notice to the public and enforcement agencies that the business is licensed Last week, Los Angeles...

VP Kamala Harris Visits Santa Monica Fire Station

July 6, 2022

July 6, 2022

Vice President and husband Doug Emhoff stop by Santa Monica Fire Station #2 on Monday By Sam Catanzaro Vice President...

City Council Approves Permanent Parklet Program For Local Businesses: Santa Monica Beat – July 4th, 2022

July 5, 2022

July 5, 2022

Local news and culture in under 5 minutes.* Sony Calls For ‘respect’ After Gaming Developers Receive Online Bullying * City Council...

Landscaping 50 Percent Complete for George Wolfberg Park at Potrero Canyon

July 3, 2022

July 3, 2022

Officials provide update for park under construction By Dolores Quintana A recent update from the City of Los Angeles’ Department...

John McEnroe and Patty Smyth Sell Malibu Home for $29 Million

July 2, 2022

July 2, 2022

Malibu Colony home sold to unknown buyer in private sale By Dolores Quintana John McEnroe, a retired former tennis star,...

SMa.r.t. Column: A Tale of Two Cities

July 2, 2022

July 2, 2022

The City of Santa Monica is surrounded on three sides by the City of Los Angeles. Therefore, while the jurisdictions...

Santa Monica City Council Approves Ballot Measure That Would Increase Hotel Bed Tax

July 1, 2022

July 1, 2022

Santa Monica’s bed tax has been raised since 2004 By Dolores Quintana In a vote on June 28, the Santa...

PETA Attempts to Stop the Beach Club From Holding Annual Fireworks Display

July 1, 2022

July 1, 2022

Parking lot where display is held is on City of LA land, not Santa Monica, allowing Club to obtain permit...

Santa Monica-Malibu Unified School District Prepares for SMASH/Muir Campus Mold Removal

June 30, 2022

June 30, 2022

Exact costs for repairs still unknown By Dolores Quintana and Sam Catanzaro  It is unknown exactly how much the total...

Watering Restrictions for Santa Monica Residents Take Effect Soon

June 30, 2022

June 30, 2022

New restrictions will go into effect on July 5, limiting watering to twice a week By Sam Catanzaro New restrictions...

Daily Harvest Recalls Meal Kits Handed out at Venice Event Following 470 Cases of Mysterious Illness

June 30, 2022

June 30, 2022

Direct-to-consumer meal kit company under fire for handling of outbreak tied to lentil and leek meal kit By Sam Catanzaro...

Central Coast Brewery Makes Westside Acquisitions

June 29, 2022

June 29, 2022

Figueroa Mountain Brewing acquires Broxton Brewery, The Stalking Horse and more. Staff, current beer taps to remain on board at...

Mexican Restaurant Possibly Expanding Into Former Swingers Space

June 29, 2022

June 29, 2022

Bar Hermanito applies for an alcohol exemption sales permit for space at 802 Broadway in Santa Monica By Dolores Quintana...

Six Family-Fun Westside Fourth of July Events

June 29, 2022

June 29, 2022

Fireworks, parades, runs and more taking place across the Westside  By Ashley Sloan  Pacific Palisades  The Pacific Palisades will be...