Author Archives: Tihon Chang

Does the thought of choosing your Medicare plan for 2025 make you anxious? Let’s simplify this process. The Annual Election Period (AEP) runs from October 15 to December 7 each year, providing a once-a-year opportunity to review, change, or add to your Medicare coverage. It’s the perfect time to ensure your plan meets your evolving…>

What is IRMAA? A Female Name? A Hurricane? No, this is a term that Medicare beneficiaries dread to see in a letter from the Social Security Administration (SSA). IRMAA stands for Income-Related Monthly Adjustment Amount, which is an additional charge added to your Medicare Part B and Part D premiums if your income exceeds a…>

Medicaid is a joint federal and state program that provides health insurance to low-income individuals and families. The Affordable Care Act (ACA) expanded Medicaid to cover more people, but not all states have adopted this expansion. This article will explain Medicaid expansion, its implications, and how to determine whether you qualify in your state. What…>

  Medicare provides essential health insurance coverage to millions of Americans, but the process of enrolling can feel complex, especially if it’s your first time. Whether you’re turning 65 or becoming eligible through disability, this step-by-step guide will walk you through the process to ensure you’re covered and avoid any potential penalties. Step 1: Determine…>

While Medicare is often associated with individuals aged 65 and older, it also provides essential health coverage for younger individuals with certain disabilities and medical conditions. This article explores how people under 65 can qualify for Medicare through disability or End-Stage Renal Disease (ESRD), outlining eligibility requirements, coverage details, and important considerations. Medicare Eligibility Through…>

  Navigating healthcare coverage can be complex, especially when you have both Medicare eligibility and employer-sponsored insurance. Understanding how Medicare works with your current employer coverage is crucial to making informed decisions that can save you money and ensure comprehensive coverage. This article explains key considerations for individuals who are eligible for Medicare but are…>

Medicare is a vital program that provides health insurance coverage to millions of Americans aged 65 and older, as well as certain younger individuals with disabilities. However, failing to enroll in Medicare when you’re first eligible can result in costly late enrollment penalties that last a lifetime. This article will guide you through the steps…>

This is health coverage from your, your spouse’s, or other family member’s current or former employer or union. If you have drug coverage based on your current or previous employment, your employer or union will notify you each year to let you know if your drug coverage is creditable. Keep the information you get. Cobra…>

You can get help from your state paying your Medicare premiums. In some cases, Medicare Savings Programs may also pay Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) deductibles, coinsurance, and copayments if you meet certain conditions. These conditions are listed below under “How do I apply for Medicare Savings Programs?” 4…>

  You’ll make these payments throughout the year in a Medicare drug plan: Premium Monthly premium for drug plans Most drug plans charge a monthly fee that varies by plan. You pay this in addition to the Part B premium. If you’re in a Medicare Advantage Plan (Part C) or Medicare Cost Plan with drug…>