{"id":3786,"date":"2021-08-31T09:30:52","date_gmt":"2021-08-31T13:30:52","guid":{"rendered":"https:\/\/yourcarerep.com\/YCR-BU\/?p=3786"},"modified":"2021-09-01T11:19:52","modified_gmt":"2021-09-01T15:19:52","slug":"use-your-medicare-advantage-part-b-giveback-for-total-protection","status":"publish","type":"post","link":"https:\/\/yourcarerep.com\/YCR-BU\/use-your-medicare-advantage-part-b-giveback-for-total-protection\/","title":{"rendered":"Use Your Medicare Advantage Part-B Giveback to Have Total Protection: 2 Tips for Complete Coverage"},"content":{"rendered":"\t\t
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Use Your Medicare Advantage Part-B Giveback to Have Total Protection: 2 Tips for Complete Coverage<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Many of you have been seeing commercials offering Part-B premium reduction or elimination. There are two ways you can get your money back in your Social Security check: qualifying for a Medicare Savings Program (MSP) or a Part-B premium giveback offered by your plan. This allows those who don\u2019t qualify for an MSP an alternative way to get some relief. But now that you got that money back, which you didn\u2019t expect, use some of it to get total protection with these two tips.<\/p>

Two things are a certainty for the majority of Medicare beneficiaries: they will one day be hospitalized and eventually, everyone dies. That is the one statistic that has only been thwarted by three people in history: Enoch, Elijah and Jesus \u2013 but that\u2019s a discussion for another article.<\/p>

Understanding Hospitalization and Insurance<\/h2>

When you are hospitalized, a benefit period<\/a> is triggered. A benefit period is a 60-day timeframe starting with day one in the hospital. Why is this important? Each benefit period has a copay that will vary from plan to plan. It could be a daily charge for the first 3 to 6 days, ranging from $20 to $395 per day. On average, about $250 per day. Or it could be a flat copay, like $500 or more per stay, depending on your plan.<\/p>

This is charged once during a benefit period, as you can be hospitalized more than once per period. If you are re-hospitalized for the same illness within 60 days, you won\u2019t have to pay this copay again. However, if you\u2019re hospitalized for something different, that\u2019s considered a new benefit period, and you will have to pay again.<\/p>

If you\u2019re like my mom, who one year was hospitalized three times and had to pay the copay twice, it can become pretty costly. One way to avoid this cost is by having hospital indemnity insurance<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Subscribe to our newsletter and get the FREE<\/strong> <\/span>Medical Information document for streamlined emergencies or hospitalization. A MUST HAVE FOR CARETAKERS!\u00a0<\/strong><\/span>Don’t let changes take you by surprise! Stay in the know.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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