January 27, 2023 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

Debris Washed Ashore at Santa Monica Beach

January 27, 2023

January 27, 2023

Debris Washed Ashore at Santa Monica Beach During Last Week’s Storms. @smmirrornews Debris Washed Ashore at Santa Monica Beach During...

Popular Health-Conscious Restaurant Closes Downtown Santa Monica Location

January 26, 2023

January 26, 2023

Flowerchild no longer at 1332 Second Street By Dolores Quintana A popular health-conscious restaurant has shut down its Downtown Santa...

Iconic Roscoe’s Chicken ‘n Waffles Shutters its Pico Location

January 26, 2023

January 26, 2023

LA-based chain to focus on flagship on La Brea and Washington By Dolores Quintana For everyone who loves Roscoe’s Chicken...

Santa Monica Road Rage Incident Results in Shooting and Arrests for Attempted Murder

January 25, 2023

January 25, 2023

Manuel Jaramillo-Heredia and Emilio Reyes were arrested in connection to Tuesday incident By Sam Catanzaro A road rage incident escalated...

Column – A California Positive: Kids Swarm Extra Classes

January 24, 2023

January 24, 2023

By Tom Elias It’s become a cliché, the shibboleth that California has lousy public schools and most of the kids...

New Sourdough Bagel Shop Now Open in Ocean Park

January 24, 2023

January 24, 2023

Layla’s Bagels by chef Sergio Espana (formally from Tartine and Gjusta) has opened a shop on Ocean Park. @smmirrornews New...

Westside Food Bank Struggling to Find Eggs

January 24, 2023

January 24, 2023

Avian flu outbreak and inflation have been driving these shortages Westside Food Bank is turning to alternative suppliers to try...

St. Joseph Center President & CEO Leaving Organization to Lead LAHSA

January 24, 2023

January 24, 2023

25-year veteran of St. Joseph Center will service as serve as CEO of the Los Angeles Homeless Services Authority Dr....

Michigan Man Extradited to Santa Monica for Beach Parking Lot Murder

January 24, 2023

January 24, 2023

Mohamed Abou-Arabi faces murder charges for November killing By Sam Catanzaro A Michigan man has been extradited to Santa Monica...

Million Dollar Listing To Sell Local Luxury Estate: Santa Monica Real Estate Report – January 23rd, 2023

January 23, 2023

January 23, 2023

Property, Developments, And Listings On The Westside.* Million Dollar Listing To Sell Local Luxury Estate* New Data Shows Luxury Brick...

Disbarred Attorney Sentenced to Prison for Deceiving Investors with Real Estate Scheme Involving Santa Monica, Hermosa Beach and LA Properties

January 22, 2023

January 22, 2023

Prosecutors say defendant DEREK Jones sold interests in real estate that he did not own DEREK Jones, a disbarred California...

Mold and Water Repairs to John Muir Elementary Delayed

January 21, 2023

January 21, 2023

Santa Monica-Malibu Unified School District (SMMUSD) says it expects repairs to be complete by 2025. @smmirrornews Mold and Water Repairs...

Century-Old California Craftsman Home Hits Market Steps from Santa Monica Beach

January 21, 2023

January 21, 2023

$4.4 million price tag on Vicente Ter home Nestled on a tranquil, tree-lined block of Santa Monica, mere steps from...

California Business Group Files Lawsuit Against Santa Monica Transfer Tax Initiative

January 21, 2023

January 21, 2023

California Business Roundtable files lawsuit The Transfer Tax Initiative By Dolores Quintana A California business organization has filed a lawsuit...

Market Report: Seasonal Squash

January 20, 2023

January 20, 2023

Two types of squashes currently in season at the Santa Monica Farmers Market @smmirrornews What’s in season at the Santa...