Tax Returns and Medicare

Have you heard of IRMAA and how it may affect your Medicare Premiums? Even if you are not in Medicare yet, it is important to plan ahead for IRMAA with your tax preparer. A few years ago, Congress made some changes to how Medicare premiums are calculated. The goal was...

New Medicare Cards

CMS will soon begin mailing out new Medicare cards to all beneficiaries that contain NEW Medicare Beneficiary Identification (MBI) numbers. The new Medicare identification numbers will no longer contain Social Security Numbers and are intended to help protect...

Covered CA tax reports are in your mailbox

Covered CA has sent out the 1095 tax forms for your 2018 coverage. These forms are very important for your tax return! It shows that you had health insurance, how much you paid for premiums, and how much tax credit you received each month. Your tax preparer needs this...

Get to know Your New Health Plan

Many of us changed health insurance plans this year. Whether you renewed existing coverage or changed to a new plan, you probably received a big packet of coverage information. Before you throw it out, here is what you need to know. Some of the plans sent out a “quick...

What is an OEP?

Open Enrollment Period, is a very vague description and name for another Medicare change period. In 2019, Medicare beneficiaries who are currently enrolled in a Medicare Advantage plan have until March 31 to make a plan change. This differs from the Annual Enrollment...