Medicare wants to test new ways to pay for prescription drugs, which include many expensive treatments for multiple sclerosis and cancer. Officials think that by changing the incentive, they can improve patient care while saving both patients and taxpayers money.
If you are of qualifying age to receive Medicare benefits, they may not be enough to cover all of your medical related expenses. But there is an option that you can add on called Medicare supplement insurance.
Each day, approximately 10,000 baby boomers turn 65 -- and thereby become eligible for Medicare. Many would argue that unlike most signs of getting older, that's a good thing, considering how expensive individual health insurance has become.
f you're planning to choose original Medicare for your health coverage, getting a supplemental policy (also known as Medigap insurance) is a good idea if you can afford it, because it will help pay for things that aren't covered by Medicare like copayments, coinsurance and deductibles.
If you're enrolled in Medicare, mark these dates on your calendar: October 15-December 7, 2011. That's Medicare's 2012 Open Enrollment period -- and you should note that it occurs a month earlier this year than in the past.