B&B Benefits

A Formulary means a list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits. Also called a drug list.

Lifetime reserve days are In Original Medicare, these are additional days that Medicare will pay for when you're in a hospital for more than 90 days. You have a total of 60 reserve days that can be used during your lifetime. For each lifetime reserve day, Medicare pays all covered costs except for a daily coinsurance.

Reminder the Medicare Annual Enrollment Period began on October 15th, 2021 and runs through 12/7/2021!

What does Dual-Eligible mean? To be dual-eligible means to be eligible for both Medicare and Medicaid.

Medicare Supplement plans cover 10 million Medicare beneficiaries. Also referred to as Medigap plans, these policies help pay for your share of Medicare expenses, such as your deductibles and co-insurance. Medicare supplement insurance plans are available for purchase in all 50 states and are very popular with people who want little to no copays when they access healthcare services.

Confused about upcoming Health Insurance choices? There is no cost for our services, Make sure to schedule a no cost consultation with us today.

Original Medicare (Part A and Part B) doesn’t cover burial or funeral costs in the event of a beneficiary’s death. This also applies if the beneficiary was enrolled in a Medicare Medical Savings Account plan, a type of a high-deductible Medicare Advantage plan that includes a savings account used to pay for medical expenses. Funeral or bereavement expenses aren’t considered medical expenses and can’t be paid for using funds from a Medical Savings Account plan.

The Medicare Advantage program (also called Medicare Part C) gives you a way to get these benefits through a private insurance company. These insurance companies contract with Medicare to deliver your Part A and Part B benefits.

Medicare Special Needs Plans (SNPs) are a type of Medicare Advantage plan that provides coordinated care to beneficiaries with specific needs or situation. Like all Advantage plans, Special Needs Plans will have a network, usually either an HMO or a PPO.

Are you or a friend turning 65 soon? Are you getting bombarded with Medicare junk mail and phone calls? Feel free to contact us for a no-cost Medicare consultation.