Making The Most Of You Medicare Coverage For 2009-2010

There are many Federal, State and Local programs and subsidies available for Seniors and Medicare eligible beneficiaries. Through my experience over the last few years I have noticed that many people either do not realize or simply do not know how to qualify or enroll in these programs. I have made it my personal mission to make sure that everyone that is eligible for help receives it. Obviously I only have the power to assist those that contact us and ask for help. 

Here Are A Few Examples:

  1. Medicare Savings Programs: There are actually 4 levels of Medicaid subsidies. Many Seniors will apply for full Medicaid and when they are turned down they simply suffer, scrimp and save to pay the bills. I have spoken to several of these folks and they did in fact qualify for another level of Medicaid called SLIMB. This subsidy will pay the Medicare PART B premium which was $96.40 in 2009. Now that is a nice savings!! But they do not tell people this. They make you figure it out for yourself
  2. Part D Low Income Subsidy: This is a subsidy that will pay for your Part D premiums, cover you through the dreaded “doughnut hole” and even reduce your co-pays. You can apply for this right online!! Go to www.ssi.gov and follow the links to the Medicare section. If you can’t find it or need help visit www.choicesformedicare.org and ask for help or call the toll free number.
  3. State Sponsored Medicare Subsidies: If you don’t qualify for one of the Federal programs don’t give up! Many States have special programs with higher income thresholds. For example NY State has a program called EPIC and a single Senior 65 or older can make $35,000 per year or less ($50,000) for married couples AND YOU STILL QUALIFY!!  North and South Carolina have similar programs (the income levels may be different) and many other states have programs as well.

These are just a few examples. My point is that with proper planning and knowledge of the system, healthcare can actually be manageable for Seniors. Unfortunately the government does not do a very good job of communicating this to the public. I have searched for programs in all 50 states and have had great success. Some states do not have their own programs but most do. When a person does not qualify for a state or Federal program you may still be able to cut costs by strategically choosing the correct insurance plan.

If you need assistance in finding a program in your state you can call the toll free health insurance helpline at 1-877-300-2214

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