The new year represents new beginnings, and gives us the opportunity to hit the reset button. As we turn the page to the new year, perhaps now more than ever people are looking forward to the next chapter. With 2020 in the rearview and significant changes in the healthcare landscape on the horizon, here are some tips to make sure you are getting the most out of your health insurance in 2021 and beyond.
The year is 1956, and Dwight Eisenhour has just been re-elected President of the United States. Rock and Roll has become a phenomenon, fueled by the wild popularity of Elvis Presley. The New York Yankees defeated the Brooklyn Dodgers 4-3 in the World Series, behind Don Larsen’s MVP performance, and the interstate highway system has been authorized, resulting in a long-term trend towards populating suburban communities.
If you are turning 65 in the next twelve months, you were among more than 4 million Americans born in the year 1956… right smack in the middle of the baby boom. Baby Boomers are often lumped into one generic group, but of course, each Boomer’s story is unique as are their medical needs.
In the wake of COVID-19, telehealth has taken center stage. Doctor’s offices remain empty or at reduced capacity as elective procedures are put on hold. The spotlight has been directed towards telehealth services as an alternative to traditional avenues of care. With that, we have dedicated a post to highlighting the benefits of telehealth and the value it delivers.
As members move into the Medicare delivery system, they soon come to realize Original Medicare will not cover all of their medical expenses. Members are left with deductible, copayment and coinsurance responsibilities, with no cap on the amount of out-of-pocket costs they can incur over the course of the year. For this reason, nearly all Medicare members choose to add additional coverage, giving them predictable healthcare costs and valuable peace of mind knowing their out-of-pocket responsibilities fit their budget.