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Monthly Archives

July 2017

Understanding the Parts of Medicare: Medicare Part C

By MedicareNo Comments

Medicare part C, also known as Medicare advantage, is the alternative to Traditional Medicare Part B Benefits. It is an HMO model of care that is offered by private insurance companies that Medicare has approved. These private insurance companies typically offer enhanced benefits in addition to those that are traditionally available. These plans have networks to provide services, meaning only specific doctors and hospitals are covered. Each company has its own rules as to which facilities and doctors are covered. These plans are more affordable than Traditional Medicare but they are much more regulated and restrictive.

Understanding the Parts of Medicare: Medicare Part B

By MedicareNo Comments

Medicare Part B is your Medical Insurance, and it covers two types of services: medically necessary services and preventative services. Medically necessary services include services or supplies that are needed to diagnose or treat your medical condition, such as doctor’s office visits, lab work, outpatient surgeries and x-rays. Preventative services are designed to keep you healthy, and include things such as cancer screenings or flu shots. Medicare Part B also covers medically necessary durable equipment, such as wheelchairs or walkers. Most individuals are required to pay a premium for this type of coverage. This is “Traditional” Medicare and you get to choose any provider you wish who accepts Medicare.

Understanding the Parts of Medicare: Medicare Part A

By MedicareNo Comments

There are four Main components of Medicare: Medicare Part A, Medicare Part B, Medicare Part C and Medicare Part D. Medicare Part A is your hospital insurance and it covers medically necessary hospital care, limited nursing facility care, hospice, and limited home health services. Medicare Part A is free if you have worked and paid Social Security taxes for at least 10 years (40 Calendar quarters). If you have worked and paid taxes for less time, you have to pay a monthly premium. It does not cover long-term care, most dental care, acupuncture, routine foot care, or eye examinations to prescribe glasses.

Losing Capacity

By Asset Protection Planning, Estate Planning, GuardianshipNo Comments

It is important that while competent you decide who will make personal decisions and who will make financial decisions on your behalf should you lose capacity. Consulting with an attorney regarding your choice of agent or fiduciary will help ensure that your wishes are followed. If a person has not made these decisions and consulted with an attorney, a legal guardianship proceeding may be commenced to appoint an individual who will make decisions on a person’s behalf if the person is incapacitated.

For help regarding these matters, contact our office at (941) 906-1231 to schedule an appointment with one of our attorneys.