| The Basics | All about Part B | Time to Enroll | All about Part D | More on Part D |
|---|---|---|---|---|
|
What is part A and part B.
What is Original Medicare?
|
What is 198
What is the part B deductible for 2020?
|
Initial enrollment period which is the 3 months before you turn 65, month of and 3 months after.
What is IEP?
|
Prescription Drug coverage
What is medicare part D?
|
Not all plans have deductibles. However they can range from 0 up to 435 for 2020.
Do drug plans have deductibles?
|
|
A federal insurance program for people 65 and older or w/ people who are younger with certain disabilities
What is Medicare?
|
Surgeries, diagnostics durable medicare equipment)
What are the benefits under part B medicare?
|
General enrollment period. Runs yearly jan 1- March 31 w/ a July 1 effective date.
What is GEP? When is it?
|
During your IEP, AEP, SEP are the main time frames people can enroll.
When can you enroll in a prescription drug plan?
|
Phase in the standard coverage model . Beneficiaries are responsible for 25 percent for brand or generic prescriptions.
What is the donut hole?
|
|
What are
Hospitalization, Home health care, Hospice and Skilled Nursing
What are the benefits under part A medicare?
|
No, elective surgery or not medically necessary services are not covered by medicare.
Does cosmetic surgery fall under part B medicare?
|
Special enrollment period.
Ex: leaving or losing group coverage, Retiring, Moving out of service area
What is SEP, give some examples.
|
Yes drug plans have a network or pharmacies, preferred, standard or out of network pharmacies.
Do drug plans have networks?
|
True out of pocket - 6350
What is your TROOP? What is the troop for 2020?
|
|
Turning 65 or exhausted 24 months of social security disability.
When does someone become eligible for Medicare?
|
What are: wheel chairs, walkers, canes, diabetic supplies, hospital beds
What is durable medical equipment?
|
Annual election period. It runs every year from oct 15-dec 7 w/ Jan 1 effective dates.
What is AEP? When is it?
|
A list of the plans' covered medications.
What is a formulary?
|
No, it is a voluntary program for all medicare beneficiaries.
Is medicare part D mandatory?
|
|
1408
What is the part A deductible for 2020?
|
During your IEP, GEP or through an SEP.
When can you enroll in part B medicare?
|
Medicare Advantage's open enrollment period. Runs Jan 1- March 31.
What is OEP?
|
Late enrollment penalty. It is 1 % per month of the medicare established national average premium. Yes it is life long.
What is the LEP? Is is life long?
|
No, you must have either Medicare part A and or part B.
Do you have to have A and B medicare to be eligible for a prescription drug plan?
|
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