Medicare Part D, also known as prescription drug plans, are optional, private insurance policies that help beneficiaries cover the cost of prescription medications. You might need to switch Part D plans mid-year for various reasons, including changes in your healthcare needs or financial situation.
More
The Social Security Administration (SSA) is a federal social insurance program that
Medicare Part B plays a significant role in providing healthcare coverage for
Key Takeaways Medicare Advantage plans, also known as Part C, have steadily
A Cost Plan is a type of health insurance plan that offers a unique combination of Original Medicare (Part A and Part
Read More »
A copayment, often referred to as a “copay,” is a fixed amount that an insured individual is required to pay at the
Read More »
Coordination of Benefits (COB) is a process used by insurance companies to determine how multiple health insurance plans should work together to
Read More »
Coinsurance is a cost-sharing mechanism in healthcare where the insured individual is responsible for paying a percentage of covered medical expenses, while
Read More »
COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal law that allows eligible individuals to continue their group health insurance
Read More »
The CMS Star Rating is a quality rating system implemented by the Centers for Medicare & Medicaid Services (CMS) to assess and
Read More »
In the healthcare context, a claim is a formal request submitted by a healthcare provider to an insurance company, Medicare, or Medicaid
Read More »
A Certificate of Medical Necessity (CMN) is an official document used in the healthcare system to justify the need for specific medical
Read More »
The Centers for Medicare & Medicaid Services (CMS) is a crucial federal agency within the U.S. Department of Health and Human Services
Read More »
A caregiver is an individual who provides compassionate and essential support to individuals with physical, emotional, or medical needs. Caregivers play a
Read More »