Medicare, A Bird’s Eye Overview With Lisa McFarren-Polgar0
A Conversation with Lisa McFarren-Polgar
On today’s show, Lisa walks us through a fairly robust overview of Medicare, all of its parts and key timing elements. We will learn about when Medicare pays for skilled nursing and when it does not. We learn about key times of the year to switch from one plan to another, what the difference between Medicare Advantage and “standard” Medicare is and what are the financial penalties of delaying some key decisions.
Get the full transcript including supplemental links by simply entering your email below:
READ TRANSCRIPT ONLINE
Price: Hi, everyone! This is Price Jett here and welcome to the Elder 101 podcast. As always, I’m here to answer your questions about elder care issues. Today’s question is around medicare. A lot of people in our audience are not on medicare but they are taking care of someone who does have it and depends on it. As we’ve said, their issues become our issues.
But before we get into that I want to encourage you to go to our website eldercare101.com and check out the resources there!
Okay, on with today’s guest. Our guest today is Lisa McFaren Polgar. She was referred to us by a friend of a friend and so we reached out so our community could benefit. This one is especially helpful for those who are not on medicare themselves but who need a succinct overview of the key parts of elder care. We’ll cover parts A, B, C, and D and we’ll talk about Medicare Advantage. Around the 20 minute mark, you’ll learn how to know if your drug co-pay is about the balloon. You’ll also learn when medicare pays for skilled nursing and more importantly when it does not. As well, you can go to our website and search for this podcast called Medicare: A Bird’s Eye View and download the full show notes complete with extra links.
So, listen to this one with a pen in hand and take good notes! I certainly learned a lot. Now, on with our guest Lisa McFarren-Polgar.
Well, hello everyone! This is Price Jett. Happy Tuesday to you. This is the day we are doing this recording and I am so excited to have a very special guest to share with you today. Her name is Lisa McFarren-Polgar. She is a certified retirement planning counselor and a specialist in Medicare. So, Lisa, welcome to Elder Care 101! Thank you for taking time to be with us today!
Lisa: Thank you so much, Price! It’s a wonderful opportunity to be able to speak to your audience.
Price: You are very welcome. We are excited to talk to you. A friend of a friend heard you speak and explain some of the complexities of medicare and said you must have this person on so thank you for taking time out to do it!
Lisa: Oh, thank you so much!
Price: Lisa, tell us a little bit about your background. Let’s start there and how you got involved in the elder care space.
Lisa: Well, I guess I should start off by explaining that when I was in my late teens/ early 20’s I was a caregiver for a dear friend for probably 5 years who had dementia. I really developed a sensitivity towards folks in the elder population. When I started working in the insurance business basically I wanted my focus to be on Medicare and being able to help seniors to navigate through it. We were contracted in New York. I worked up in New York for quite a few years. By the largest [inaudible 00:03:21] coop. So, we traveled all through New York state helping seniors plan their medicare and also plan for long term care.
We had an exclusive contract with them and really helped them to protect their assets from the cost of long term care. So, that’s really my background and I have a very close affinity to the senior population. I’m currently a caregiver for my Godfather who’s 88 years old and I just understand the challenges that a lot of seniors face and kind of figure the whole thing out because it can be very, very complicated.
Price: It is very complicated. Well, of all the things we deal with medicare is a necessity and it is a complex one. Certainly I find it complex as I help my own mother and father in that space. Let’s start there. Why don’t you introduce us to the topic of medicare. This is one of those topics that many of us that are caregivers assume we don’t have to think about for another 15 or 20 years and then one day when we’re in the middle of caring for someone we love and it’s there and their problem, their challenge becomes ours. So, let’s start at the very highest level. Let’s say someone who is listening who is not on medicare today, who is taking care of a loved one and just beginning to need to know what it is, how it’s structured, and understand some of the key complexities. Let’s start there.
Lisa: Okay! Sounds great. That’s a wonderful start.
As you probably know, Medicare is our nations largest health insurance programs. It really is one of the best insurance programs that we have in the United States and it provides quality care for people ages 65 and over or people that are on disability. So if somebody is on disability, after 2 years of being on disability they are eligible for medicare. Medicare is also available for all people with End-Stage kidney disease. It’s administered by CMS which is the Centers for Medicare and Medicaid Services.
There are 4 parts to Medicare and as you probably recall, when you’re during all your working years, you’ve seen a deduction from in your taxes for Medicare. You’ve probably wondered what that’s for. That deduction is a tax that we pay throughout our working years for Medicare. That covers medicare Part A. So, if you’ve worked in the United States for over 10 years (which is 40 quarters) you’re automatically eligible for Medicare Part A or if you have a spouse that has worked for 40 quarters or 10 years.
There’s 4 parts to Medicare. So, there’s Part A which is something that you automatically get if you’ve worked for those benefits.
Price: And Lisa, do the parts correspond to different kinds of treatment? For example, is Part A for hospitalization or for medicines? Are each of the parts related to kinds of services?
Lisa: Yes. Absolutely! Medicare Part A and Part B, those are managed by the federal government and they’re referred to as Original Medicare. Now, Part A covers the hospitalization, in-patient hospital care. It covers skilled nursing facility care, hospice, some home health care is covered under Part A.
Part B is basically the medical insurance so that refers to doctors visits, in-patient/out-patient services, emergency room, any lab and x-ray services, durable medical equipment- that’s all under Part B. Those are the 2 parts to medicare that were originally established in 1965 so that’s what’s called Original Medicare.
Then there’s Medical Part C and Part D. Medical C and D were established in the last… I would say in the last 10 to 15 years. Medicare Part D is… I’m sorry, Medicare Part C is offered by private health insurance companies that are approved or have an approved medicare contract. Basically, what Medicare Part C does is it combines Medicare Part A and B and it also can include D which is the prescription drug coverage.
The important thing to remember is that in order to have access to Medicare Part C, you still need Medicare Part A and B. Because hat’s really the core to Medicare, the first 2 parts of Medicare. Medicare Part B, as I mentioned, provides the medical services, the doctors, any surgeons, assistant surgeon services. That is available to anybody over age 65 or who is, like I said, on disability or has kidney disease. There is a premium to that. The premium for any new enrollees is $129 a month. For any existing Medicare beneficiaries, the premium is $104. Now, if you have a higher income, let’s say that you’re a couple and you earning more than $175,000 a year your premium can be considerably higher than the $129 a month. So those are things to keep in mind. There’s some good resources on Medicare. Gov actually where you can see what exactly the premium is going to be based on your income if you are in the higher income bracket.
Lisa: One important factor too is that Medicare Part A is obviously available if you worked for it during your working years. Medicare Part B is optional and a lot of people don’t realize Medicare Part B is a voluntary program which means you can decide not to get Medicare Part B. The reason some people think they don’t need Part B is… Well, in some cases there are very good reasons as if they are covered through their employer and they are still working, they don’t have to get Part B. You know, because their employer is going to be paying for their Part B services but it’s unfortunately I see… Not too often, but their are circumstances where people think they can get along without Part B and they reject it.
Price: And would they do… Would they do that, Lisa, to save money? Would would the motivation be to say I’m not going to take Part B?
Lisa: Right. They do it because they want to save money and another reason that I’ve found is that if somebody retires and they have insurance through retirement and let’s say their insurance is very comprehensive, they say “well, I have insurance through my retirement and I don’t have to get Part B.” Unfortunately, what happens in those circumstances is that if they do decide to get Part B later in life (let’s say 5 years after become eligible), they’re going to be paying a penalty of 10% per year for all those years that they did not get part B. They may find that their coverage that they have through their employer was just going up and up, the premium was skyrocketing, and they’re not able to get off their employer plan because it’s just as expensive for them to get onto Medicare Part B because they have to pay the penalty.
Price: I see so the penalty for those who are listening in, let’s say someone did not take Part B for 5 year and you said their was a 10% penalty for each of those years. Does that mean that there is a 50% penalty?
Lisa: That’s correct.
Price: 50% penalty? That penalty is paid once or it’s paid every month?
Lisa: Every year.
Price: Every year?
Lisa: Yeah, that’s forever. The penalty is forever. So, I’ve seen situations where people get to age 80 and their insurance premiums through their jobs or former employer are $500-$600 per month and they say I can’t keep this up and they want to get into Medicare but then they look at the cost of Medicare Part B and it’s prohibited, equally prohibited so.
Price: And if they had then subscribed to Part B, is it that that premium is locked in to life perhaps with some sort of inflation adjustments or how does it does it work if you start early?
Lisa: Right. That’s correct. If you take Medicare Part B when you are eligible for it… So either when you turn 65 or if you are on disability after 2 years of becoming certified disabled, if you take it at that time you are not going to be paying a penalty and you’re going to pay just what everybody else pays which would be currently for new members it’s $121 a month. It is inflation adjusted so every year it does go up. It doesn’t go up a heck of a lot but it does go up, you know. So even if somebody does have employer coverage, I usually recommend to still get Part B or look at options. Shop around and see if you’re better off dropping your employer plan and getting a plan through the individual market and just comparing the time.
Price: Just… Just to be clear, Lisa. I think I may have gotten lost somewhere along the way. The $121 on average could go as low as $104 or could go higher for high income, but that premium that is for Part B alone or for Part A and B?
Lisa: No, that’s for Part B alone. Because Part…[crosstalk 00:14:18]
Price: B alone. And A is covered through taxes we’ve paid through our working years?
Lisa: That’s correct. Now, if you haven’t worked 40 quarters than you can buy into Part A and the cost of Part A I believe is $406 a month. It’s very expensive. Yeah, it’s very expensive. That’s one of the pitfalls I see so in terms of your listeners, that’s what I would alert them to. So, 3 months prior to becoming eligible for Medicare they’re going to get a notice and they’re going to get a card. They’re going to get a Medicare card and they do have the option to return the card and say, “No. I don’t want Part B.”
Price: Okay, so A we pre-pay during our working years. B we opt into. It costs around $120 give-or-take a month and it’s relatively locked in for life. I’m sure there is some sort of inflation adjustment that is part of that but aside from inflation that premium is more or less locked in for life.
Lisa: That’s correct.
Price: And A covers hospitalization. B covers physicians, durable medical equipment, these types of things?
Lisa: Mm-hmm (affirmative). Yes. That’s correct.
Price: And then C?
Lisa: Now C, as I mentioned it is administered by insurance companies that have a contract with Medicare. What C does is it combines your Medicare Part A and Part B benefits. So you still have to pay for Part B. The insurance company will be paying for the bills for the claims instead of Medicare. So instead of the bill going to Medicare, the bill will go directly to the insurance company and they will pay whatever Medicare would have approved minus a co-pay or co-insurance. So you know, there may be a co-pay of $10 a month or $10 per visit to the primary physician, $40 for the specialist, $50 a day for days 1-5 in the hospital. So, there’s a series of co-pays that a person would be responsible for.
In Virginia they’re probably 4 or 5 companies offering Medicare Advantage depending on the area. Some areas you may find ETNO or Humano or other areas you may find Anthem or ARP. It’s very regional so it’s very good to shop around there and just make sure what type of coverage the insurance companies are offering. When you are dealing with Medicare [inaudible 00:17:17] directly with an insurance company.
Price: And you just referred to that as Medicare Advantage. Is Medicare Advantage the same thing as Part C or is it something different?
Lisa: Yes. Medicare Advantage is the same thing as Part C. And Part C can also include Part D which is the drug coverage. So there are different ways to access Part D. Part D is the prescription drug plan. That was started in 2005 for seniors because prior to that a lot of seniors were making decisions on whether they were going to eat or whether they were going to buy their medicines. So it was a wonderful benefit that was started to provide that sort of support for seniors.
Price: And D is administered by…
Lisa: D is also administered by insurance companies…
Price: I see.
Lisa: …That are contracted with Medicare. So, they do have to follow very strict guidelines. There has to be minimal coverage so the coverage has to cover at least… Let’s see if I can find the figures here but I believe that it’s around $3000 in benefits and then after that then there’s what’s called the doughnut hole. I don’t know if you’ve heard of the doughnut hole but it’s called the coverage gap also. Basically, what that means is that the plan will pay up to a certain limit and then within that, after that limit… The limit is $3310. So once a person reaches that limit in the retail costs of medicines then they’re responsible for 45% of the cost of brand name and 5% of the expense… I’m sorry, I’m looking at my chart here and 58% of the cost of generic medicines.
Part D is very good but it also can have a lot of pitfalls if a person is not aware of the change in formularies every year that their prescription drug coverage has.
Price: And do… As far as the change in formularies, this is something that you can go to a website to find out about or do you proactively mail the information? How do seniors know?
Lisa: Well, every year seniors will get a notice from the insurance company that is providing their Part D coverage indicating what drugs are in the formulary. They will receive a formulary list and they will also receive a notice of the change in their benefits such as premium or deductible or co-pays or whatever. But unfortunately, a lot of people do not read that and they do not compare their current prescription drug list with the new formularies. I’ve found just that last year it was incredible, there was a $6000 difference between one prescription drug company and one prescription insurance company another. So, I would behoove any child that is helping their parents or any parents who have access to a computer to go onto the Medicare. Gov website. There’s a wonderful tool there where you can compare the drug plans. A person can type in their list of prescriptions and see which company is going to give them the greatest savings.
Price: Oh, that would be a great tool! I could imagine that being very helpful!
Lisa: Very, very much so! It’s just amazing the flexibility that insurance companies have to switch a drug from even though it may still be a generic, they can put it onto a brand name tier. So instead of paying a generic price… Let’s say instead of paying $5 as a generic co-pay, they would be $45 as a brand name co-pay and they’re not aware that that change has happened in the formulary. So like I said, every year it is essential to that. That’s one of the services that I do provide. I do help a lot of the seniors and I review my clients drug coverage practically every year. So it is very helpful. The Medicare website is a very helpful tool. I would definitely recommend that.
Price: That is great. Now, talk to us a little bit about assisted living and nursing homes and hospital stays. How does Medicare interact with or cover any of the services there?
Lisa: Okay. As I mentioned, Part A covers the hospital services and what that means is it covers skilled cared. It covers any kind of acute care. So if it’s a condition where a person requires treatment and there’s a possibility of recovering, Medicare will pay for that. For example, Medicare will pay for a skilled nursing facility. So if you are having hip surgery and you need to go to rehab, Medicare will pay for 20 days following a 3 day hospitalization and the treatment has to be within 30 days of discharge of the hospital. So if a person is going into a rehab facility, Medicare will pay for 20 days in full. After 20 days up to 100 days, there’s a co-pay of $161 dollars per day. So it’s very important to look at supplemental coverage obviously prior to an admission into a rehab facility or into a hospital because $161 x 80 would be very, very expensive.
Medicare really is designed for acute care. It was never designed for custodial care or to treat a chronic illness. For example, if someone has a stroke that is going to leave them debilitated for the rest of their lives, Medicare was never set up to deal with that. Unfortunately what happens is if the person does require care (let’s say an assisted living facility or a nursing home) where they are essential receiving custodial care, Medicare is not going to pay for that it. That cost is going to come out of their pockets.
Price: Got it.
Lisa: Yeah. It’s one of the major reasons that people lose their life savings. There are certain protections that are built into the system where let’s say if you have a spouse who is still living in their home and one spouse requires care in an assisted living facility or a nursing home, the community spouse cannot be kicked out of their home to pay for care. But let’s say if you have a single person who has no spouse and they do go into some type of assisted living or nursing home care, they will be looking at… The facility will be looking at whatever assets a person has in order to pay for that care. So it could mean even loss of a person’s home to pay for care.
Now, there is supplemental coverage to Medicare. Backing up a little bit, I hope I’m not confusing the audience too much, but there is supplemental coverage that helps pay for the 80 days of a nursing home or rehab care. So, if a person goes to rehab facility and stays, days 21 through 100 can be paid through an insurance company through a Medicare supplement. There are many different supplements that are offered in the state of Virginia. And we not only pay for those 80 days in a rehab facility but they also pay for the expenses that are not fully covered under Medicare Part A and Part B.
Price: Lisa, is that still part of Part C or is it yet a 5th kind of insurance coverage? A, B, C, D, and then the supplemental?
Lisa: That’s correct. You’re correct. Yes. The supplement is a completely separate type of coverage. It’s from anything that is administered by Medicare or an insurance company that contracts with Medicare. Essentially a supplement will pick up most of what Medicare does not pay. That’s why it’s also called a MediGap. It picks up the gaps of… It fills the gaps of Medicare. There are quite a few different plans available. They range from Plan A all the way to plan N. The most popular plan in supplemental coverage is Plan F.
So if a person has Medicare A and B, Plan F will pay for the hospital deductible which is $1288 per admission into the hospital. So the supplement will pay for that. It will also pay for the co-pay of $322 per day if a person is in the hospital for more than 60 days. Thereafter after 90 days in the hospital, the Medicare supplement will pay $644 per lifetime reserve. So, that is one of the advantages of a supplement.
Also the supplement has to pay the 20% that Medicare does not pay. So Medicare on the Part B pays for 80% for doctor services, assistant surgeon, surgeon, emergency room. Medicare pays 80% of that but the supplement will pay for the 20%. So if a person does not have Part C then actually a Medicare Supplement is the best option to protect them against all the costs that Medicare does not pay for. And you know one of the things to remember is that supplements have to offer the exact benefits regardless of the company. You know, whether you are going with Anthem, with ARP, with HO Omaha. Whatever company that you are looking at a Plan F under Medicare Supplement has to be exactly the same. They cannot vary in benefits. What does vary is the price so it’s a competitive market. I would recommend any caregiver to look at all the different companies that are offering the supplement.
Price: And Lisa, is there a… My head is spinning right about now.
Lisa: I’m so sorry! I know! I mean it’s overwhelming.
Price: It is overwhelming.
Lisa: I apologize if I’ve confused everybody but it’s… There’s a lot to take in.
Price: There’s a lot to take in and that’s one of the reasons we want to do these podcasts to give people assistance. Is there a cheat sheet somewhere that explains all of the A through N elements that might be there? Again is this something on medicare. Gov or what’s the place to go?
Lisa: Yes. Medicare. Gov is a very, very good resource. You can also call the insurance companies and they will all send you something in the mail. There’s also every year, medicare beneficiaries receive the book ‘Medicare and You’. It’s kind of a big book so a lot of folks don’t bother to open. Perhaps it’s for fear of getting confused like they may be today. But the supplements, all the Medicare supplements, are indicated in that book too from Plan A all the way through Plan N.
Price: Now, are there certain times of year if someone is listening and they’ve discovered for whatever reason their loved one doesn’t have Part C or Part F or Part N or whatever seems important to them. How does one go about doing an insurance coverage or a Medicare coverage review and then adding the right components into their coverage? Is that only during the open period or… We’re recording this in the month of March so I think the open period has come and gone.
Lisa: Yes, it has.
Price: What should someone do who is listening today?
Lisa: All right so as you mentioned, Medicare does have enrollment periods where folks can take advantage of signing up for Part C or Part D. The angle enrollment period begins October 15th and ends December 7th. So a person has that period of time to review their drug coverage, review their health benefits, and they can change their Medicare Part C or their Part D. After December 7th, there is another period. It’s called the Medicare Disenrollment period where people who are unhappy with the Part C, if they do not like Part C and want to go back to original medicare up to February 14th… I know these are confusing dates but they are very critical. From December 7th through February 14th, people can disenroll from Medicare Part C, go back to original Medicare, get a traditional supplement or a Medigap to fill in the gaps, and sign up for an individual Part D drug plan.
Those are the main enrollment periods. There is also the initial enrollment period where when somebody is new to medicare there is a period of 3 months prior to their birthday, the month of their birthday, and 3 months after their birthday where they can enroll in Part C or Part D. Those are also very critical periods. If you lose the opportunity… If you turn 65 and you don’t sign up for Part D for a drug plan within that period of time, you are going to have to wait until the annual enrollment period and you are going to be without drug coverage for that length of time until the first of the year of that following year.
Price: Got it. So the key windows are around your 65th birthday- 3 months before, 3 months after, give or take. Then every year between October 15th and December 7th and then a disenrollment period I suppose if someone wants to change their mind or back out of something that they did, they can do that between February… Did you say 15th?
Lisa: February 14th. Mm-hmm (affirmative). Actually, I misspoke. The disenrollment period starts January 1 through February 14th.
Price: Post February 14th for the rest of the year until October, does that mean no changes can be made?
Lisa: Right. No changes can be made. Actually any change would not occur until January 1st of the following year because October 15th is simply an enrollment period where they can enroll but the change does not take effect until January 1st of the following year.
Price: Got it.
Lisa: Now there are some special enrollment periods and so let’s say if someone is leaving employer coverage or they’re moving from one service to the other or let’s say they’re moving from out of state or they’re losing their Medicaid covering or they’re qualifying for Medicare due to disability. Those are all special enrollment periods where people can sign up for Part D and Part C.
Price: I see. So those certain life events. You move from one geography from another, lose your job, no longer qualify for medicaid, these types of events open up a window for you to select the right policy and coverage.
Lisa: Yes. That’s correct. Mm-hmm (affirmative).
Price: Got it. Barring those life events, between February 15th through next October people will not be allowed to make changes. Is that correct?
Lisa: That’s correct. Yes. Absolutely. Now, I’m sorry. Medicare supplements are available at anytime during the year. So if somebody has original Medicare and has A and B of Medicare, they don’t have Part C and they do have Part D (it’s not necessary for them to have D but…) they can sign up for a supplement or a Medigap anytime during the course of the year. They can also cancel a Medigap anytime through out the course of the year. The only caviat in the state of Virginia is that a person does have to qualify health wise to get a supplement based on pre-existing conditions.
Lisa: So that’s the only reason somebody would not be able to get a Medicare supplement if they have Plan A and Plan B of Medicare.
Price: All right. But you’d have to qualify medically.
Lisa: Mm-hmm (affirmative). Yes.
Price: Now when October comes and you were to add Medigap or supplemental insurance, is there any medical qualification?
Lisa: Yes there is. There’s always a medical qualification. The only time that there is not is when somebody is turning 65. There is a 6 month window from the time that they first turn 65 to get a Medicare supplement. So they have that 6 month window or there is also an option if one is losing employment coverage they also have the opportunity to get a supplement without regards to their health or if a Medicare Part C company, a Medicare Advantage company, is leaving the area and dropping everybody then they can get a supplement at a guaranteed issue rate.
Price: Got it.
Lisa: Mm-hmm (affirmative). So there’s a lot of ins and outs of it.
Price: Boy, you said that!
Lisa: I hope I’ve been able to clarify a few misconceptions. Some folks think they can only get a supplement during the open enrollment period or they can only cancel a supplement during the open enrollment or annual enrollment period and that’s not true. That’s not correct.
Price: That’s great to know! Now the medical qualification portion of it, is that only for the state of Virginia or is that nationwide? Does it vary state by state?
Lisa: Mm-hmm (affirmative). Yeah. It varies state by state. For example in New York all Medicare supplements are guaranteed issue. That’s why a supplement in New York is probably 3 times more expensive than a supplement here in Virginia.
Price: Understood. Okay. Now during this time, Lisa, between February and October what can a person do? Are there places where a person can actually review their coverage and plan wisely for the next open enrollment period? What should a person be doing in that locked time period to set the next year up for an easier time if they’re finding they’re not satisfied with current coverage.
Lisa: You know the problem is that the new plans for next year are not going to be on the website, not going to medicare. Gov, and none of the insurance companies are going to make it available until about October 1st.
Price: Oh, okay.
Lisa: So there is really no way to compare what plans are going to be available or what the formularies are going to be until that time. It makes it very difficult… You know, the only thing is for children or caregivers to just become aware of what type of prescriptions are not being covered through their current coverage. You know, I mean just keep an eye out once the new plans come available we’ve got to make some changes and let’s see what’s going on. The only other thing that a person can do during the course of the year is look for supplements, Medicare supplements. If they have a Medicare Advantage plan, they will not be able to get off the Medical Advantage plan until January 1st of the following year.
Price: Got it.
Lisa: So it is very limited in terms of what a person can do.
Price: Well Lisa, you have been hugely hugely helpful. We’re going to put all of the information in the show notes and we’ll probably be also creating some tip sheets from the podcasts, some key dates so that someone could print something out and put it on the refrigerator and be reminded of what’s coming up. If folks wanted to get in touch with you and learn more, how could folks get in touch with you?
Lisa: Well we have a website. It’s called Starlingbenefits.com so they can send a message through the website or they can call me directly. I’ll give you my office number. It’s 703-678-8411 or via email at email@example.com. Any of those mediums, I would be happy to answer any questions. You know, there’s just a lot of benefits that people are not aware of.
There is one website that I did want to bring attention to your audience. It’s called benefitscheckup.com and if a person goes on that website… And we help a lot of seniors navigate through that site. It not only will provide information about help with paying for Medicare Part B premiums, paying for Medicare Part D premiums, reducing co-pays on your prescription drug coverage. There’s a program called the Low Income Subsidy, the LIS. Which means that if certain seniors are within an income bracket and certain amount of assets, they qualify for a great reduction in the cost of their prescriptions and medications. They don’t have to pay the premium for their part D. Benefitscheckup.com is a wonderful website and they can also see… For example, if some prescriptions are not covered through their Part D, they are programmed through the pharmaceutical companies that help seniors pay for their medicines. That’s all available through that website- benefitscheckup.com
Price: So Lisa, I was going right now to check this site out which I think would be a fantastic resource. I’m finding benefitscheckup.org, is that the same place?
Lisa: Oh. Perhaps it is benefitscheckup.org!
Price: I’m just going to double check and see if there is a com. I think it is benefitscheckup.org! Okay. Wonderful, wonderful.
Lisa: Were you able to locate it?
Price: I was able to locate it. It would not send me to a .com but it did send me to a .org.
Lisa: Oh, excellent. Okay. Yeah.
Price: Well, listen. Thank you so much! I really appreciate your time today.
Lisa: Okay. Thank you so much for the interview. I really appreciate it too. Take care.
Price: All right. Thank you, Lisa.
Lisa: Take care. Bye bye.
Price: If you enjoyed today’s podcast, go to www.eldercare101.com and download the full show notes. There you will find extra resources and links available. Further, you can also go to the website and click on “Ask EC 101”. Ask your own question and this could be part of an upcoming podcast. Again, that’s eldercare101.com! We’re here to serve you every day of the year so go there and check us out. Like us on Facebook and iTunes, too. All the best. Talk to you soon!
If you found this podcast helpful, please share it with your friends on social media