Medicare Social Security and Planning

As you can see, while Social Security benefits are designed primarily to benefit the worker who earned them, couples get special consideration. Now, even if your spouse has never worked before, he or she may receive a marital reward up to half the amount of your benefit. If both partners have worked, personal benefits will always be paid before spouse benefits unless you use one of the strategies discussed above. Claiming a marital benefit does not reduce the value of the principal’s benefit.

medicare advantage plans 2020Divorced spouses are also usually entitled to spouse benefits, even if the divorced worker married again. If your former spouse remains single and your marriage lasts 10 years or more, he or she will be entitled to benefits as long as you are 62 or older and the marital benefit is greater than the benefit you would receive based on your personal job history.

Survivors may get rewards if a person who has worked for a long time to qualify for Social Security benefits is no longer alive. Survivors that may be eligible include:

  • Widowed spouses 60 or older, or 50 or older if disabled;
  • Widowed spouse of any age caring for the deceased’s child if the child is under 16 or incapacitated;
  • Single children under the age of 18 (or up to 19 if they are primary or secondary school students) or who have a disability started before age 22;
  • Stepchildren, grandchildren, stepchildren or foster children under certain circumstances;
  • Divorced surviving spouses who meet the criteria discussed above.

 

How Medicare Advantage plans can help

Many people going on social security are also eligible for Medicare. There are many options when it comes to insurance coverage during this time, and seniors need to be informed of them all prior to making a decision. Medicare advantage plans in 2020 are becoming quite affordable for those looking for comprehensive coverage. Many of these plans also include dental and vision benefits.

I mentioned the disability several times in relation to Social Security eligibility. In general, two different income tests together determine if an individual qualifies for disability benefits. First of all, a “recent work” test is based on an individual’s age at the time he or she was deactivated. Second, a “work duration” test must show that the person worked long enough to be entitled to benefits. If you qualify for disability benefits but can return to work, disability benefits for Social Security will continue until you have completed a probationary period, in which you earn more than $ 770 per month for nine month. After the trial period, you will still be able to work and receive benefits for any month when your earnings are not “substantial”. In 2014, this is set to over $ 1,070 per month. This eligibility extended period lasts 36 months.

Payments of Social Security benefits may be partially taxable, regardless of the circumstances in which you withdraw them.

 

 

Medicare Advantage Plans Provider Networks: Which Type Is The Best?

Medicare Advantage plans provider networks are not created in the same way.

One of the most important factors that can affect the way you use your best Medicare Advantage Plan and receive rewards is the policy’s network of providers. Many people make a common mistake about their policy’s network of providers: they simply check if their providers are included. But there is much more than that.

If we decide which is the best type of provider network, we must first agree on the best definition under this circumstance. You certainly want all your suppliers included, but for our purposes this definition (a network that includes your suppliers) is very superficial.

All types of networks can include their providers. What to look for in a network of Advantage Policy providers with flexibility and freedom about how you can use your policy and receive rewards.

Types of provider network: how they can affect the use of the policy.

Policy availability varies widely and you may not have policies with all types of networks discussed. Compare all your options for Medicare Advantage plans in 2020 online here.

Medicare HMO

HMOs are more popular in service areas with higher populations. An insurance firm that wishes to offer a Medicare Advantage health care policy with a network of health insurance providers must have many types and facilities of service providers to establish a health maintenance organization (HMO).

When you register in a health policy, you must choose a primary care provider who will refer you to any necessary specialist. The policy will not be paid if you try to receive out-of-network services. For example, if you have a rare disease and find out that the recommended treatment is not available online, you will not be lucky. Unfortunately, people generally find out about this only after a diagnosis.

Medicare HMO-POS

A network of HMO service points is very similar to an HMO, except that you may receive some services outside the network, but only in specific locations. You have a little more freedom and flexibility, but you may still feel unable to obtain the leading out-of-network treatment.

Medicare PPO

You will still choose a primary care provider when you are registered in a preferred provider organization, but you usually do not need to get a referral to see a specialist. You can search for out-of-network services, but you will generally pay more for this flexibility. For example, if your PPO requires a $10 copayment for a networked primary care visit, you can pay $20 for an out-of-network visit.

The great reward of this type of provider network is the ability to receive services outside the network if you wish. If you are in the situation detailed above, you can travel and receive the best treatment. But keep in mind that it may have a higher price.