Foxwood Financial

Foxwood Financial With 20 Years Of Experience, Foxwood is the Premiere Site for Families and People Planning for Retir

When you are still actively working at a large employer, their Group Insurance pays primary and Medicare pays secondary.
06/27/2022

When you are still actively working at a large employer, their Group Insurance pays primary and Medicare pays secondary.

Medicare Supplement Plans do not include Part D, so you’ll add a separate standalone Part D drug plan.
06/24/2022

Medicare Supplement Plans do not include Part D, so you’ll add a separate standalone Part D drug plan.

If you decide to leave an MAPD and return back to Original Medicare, you must notify your Medicare Advantage plan carrie...
06/23/2022

If you decide to leave an MAPD and return back to Original Medicare, you must notify your Medicare Advantage plan carrier. Otherwise Medicare will continue to show that you are enrolled in the Advantage plan instead of Medicare.

06/22/2022

Many people new to Medicare feel surprised to find that Medicare covers only 80% of your Part B expenses. The other 20% can be devastating to you financially if a serious illness arises. You can choose a Medicare Supplement that will pay some or all of that 20% for you, among other things. Supplemental insurance for seniors with Medicare essentially buys you peace of mind by eliminating that cost-sharing responsibility.

You can apply for a Medicare Supplement insurance plan at any time. However, you may be subjected to medical underwritin...
06/21/2022

You can apply for a Medicare Supplement insurance plan at any time. However, you may be subjected to medical underwriting, which is where insurance companies gather information about your health history and use past or current health conditions as grounds to charge you more for a plan or reject you from a plan.

Fast Fact: Each year, it’s important to review your Medicare health and drug coverage and make changes if it no longer m...
06/20/2022

Fast Fact: Each year, it’s important to review your Medicare health and drug coverage and make changes if it no longer meets your needs, or see if you could lower your out-of-pocket costs. You don’t need to enroll in Medicare each year, but you should still review your options.

You are eligible for Medicare Part D as long as you are actively enrolled in either Part A and/or B. You must also live ...
06/17/2022

You are eligible for Medicare Part D as long as you are actively enrolled in either Part A and/or B. You must also live in the Part D plans’s service area.

You can also qualify for Medicare under these circumstances when you are under age 65: If you are permanently disabled a...
06/16/2022

You can also qualify for Medicare under these circumstances when you are under age 65: If you are permanently disabled and you have been receiving Social Security disability income benefits for 24 months. When you have end-stage renal disease, which is kidney failure that requires you to get dialysis or you are waiting for a kidney transplant. If you have Amyotrophic Lateral Sclerosis (ALS), also called Lou Gehrig’s disease.

Who is eligible for Medicare part D?Anyone who is enrolled in either Medicare Part A or Part B (or both) is eligible to ...
06/15/2022

Who is eligible for Medicare part D?
Anyone who is enrolled in either Medicare Part A or Part B (or both) is eligible to enroll in Part D. You must enroll when you are first eligible unless you have other creditable drug coverage. Otherwise, you will be subject to an expensive late penalty for Part D later one.

Many people confuse their Medicare Eligibility date with their Social Security retirement age. They are different. A per...
06/14/2022

Many people confuse their Medicare Eligibility date with their Social Security retirement age. They are different. A person can apply for full retirement income benefits at around age 67. This is considered their retirement age. However, this does not affect the age at which they qualify for Medicare.

There is no such thing as a Medicare retirement age. The normal Medicare eligibility age for Medicare is age 65, whether...
06/13/2022

There is no such thing as a Medicare retirement age. The normal Medicare eligibility age for Medicare is age 65, whether you have retired or not. You can qualify for Medicare coverage at age 65 (or older) if you are a U.S citizen or a permanent resident and you’ve lived here continuously for 5 years or more.

Insurance 101: Dependent coverage means the insurance coverage for family members of the policyholder, such as spouses, ...
06/10/2022

Insurance 101: Dependent coverage means the insurance coverage for family members of the policyholder, such as spouses, children, or partners.

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