What Does IRMAA Stand For?
Income-related Monthly Adjustment Amount The standard Part B premium amount in 2023 is $164.90. Most people pay the standard Part B...
Greg Lewis
- Nov 17
Reducing Your Adjusted Gross Income
There are several ways to reduce your Adjusted Gross Income (AGI). One method is sometimes referred to as creating a “Secret IRA." This...
Greg Lewis
- Nov 17
How much is the Part D penalty?
Part D Late Enrollment Penalty How much is the Part D penalty? The cost of the late enrollment penalty depends on how long you went...
Greg Lewis
- Oct 20
Why is My Medicare Call Being Recorded?
CMS recently released their 2023 final rule which includes two requirements that will have a significant impact on independent agents and...
Greg Lewis
- Jul 5
Medicare Questions?
As individuals approach age 65, they are usually inundated by calls and receive an abundance of information about Medicare in the mail....
Greg Lewis
- Nov 5, 2021
Medicaid and The Marketplace
I occasionally get the question: Can I be on Medicaid and have a Marketplace health insurance plan? The answer is yes. There is one...
Greg Lewis
- Oct 26, 2021
What is the Right Medicare Plan for You?
If you are currently on Medicare or approaching Medicare eligibility, you are probably receiving numerous offers and information about...
Greg Lewis
- Oct 26, 2021
An Easy Way to Find a Plan on the Health Insurance Marketplace!
Many individuals are searching for health insurance plans via the Health Insurance Marketplace. This can be a very frustrating process....
Greg Lewis
- Oct 25, 2021
Still working? Think twice about signing up for Medicare @ 65!
If you are still working when you turn age 65 and are covered under a large group insurance plan, you may want to defer signing up for...
Greg Lewis
- Aug 28, 2021
WHAT CAN BE DONE DURING THE MEDICARE OEP?
The Medicare Open Enrollment Period (MA-OEP) is a period, January 1 – March 31, during which an individual enrolled in an MA or MA-PD...
Greg Lewis
- Aug 28, 2021
When is the Annual Election Period for Medicare plans?
The Annual Election Period (AEP), runs from October 15th to December 7th each year, and it allows Medicare beneficiaries to make changes...
Greg Lewis
- Aug 28, 2021
MEDICARE AND Rx COVERAGE
One of the largest expenditures for seniors is the cost of prescription drugs. Many Medicare beneficiaries have a Part D drug plan either...
Greg Lewis
- Apr 20, 2021
When Is the Open Enrollment Period for Individual Health Insurance?
Each year the Open Enrollment (OEP) timeframe is November 1st to December 15th. New for 2022 and future years the Open Enrollment Period...
Greg Lewis
- Apr 20, 2021
Applying for Medicare Parts A & B Online
Did you know that you can apply for Medicare benefits online? You can do this even though you aren’t ready to collect Social Security or...
Greg Lewis
- Apr 15, 2021
What Does Dual Eligible Mean?
People who are dual-eligible qualify for Medicare and Medicaid benefits at the same time. Dual-eligibles may be categorized as...
Greg Lewis
- Apr 15, 2021
Will I Have to Pay My Subsidy Back?
Many individuals are receiving their health insurance from a plan on the Health Insurance Marketplace that includes a subsidy that...
Greg Lewis
- Apr 12, 2021
What Is Medicare Supplement Insurance (Medigap)?
Medigap is Medicare Supplement Insurance that helps fill the “gaps” in Original Medicare and is sold by private companies. Original...
Greg Lewis
- Apr 9, 2021
What Is a Medicare Advantage plan?
A Medicare Advantage plan is a Medicare plan provided by a private insurer. If a Medicare eligible individual selects a Medicare...
Greg Lewis
- Apr 7, 2021
Should I Supplement My Medicare Parts A & B?
The Medicare program was created on July 30, 1965, by President Lyndon B Johnson. Medicare was never intended to cover all of an...