Prepare Now for Medicare Open Enrollment

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Oct. 15 is the official start of open enrollment for Medicare and Medicare Advantage and you should take stock of your situation before signing up for your 2017 plan. Before you get started this year on either renewing your plan or opting for a new one, there are steps you can take to make sure that you get the plan that is best for you and that fits your budget and meets your expected medical needs for the year.   Understand the open enrollment period Open enrollment runs from October 15 to Dec. 7, 2015 for Medicare Advantage (Part C)…
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Crackdown on Employers Who Shunt Employees onto Medicare

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The Centers for Medicare and Medicaid Services (CMS) is stepping up efforts to root out employers who have improperly put workers who were eligible for the company’s group health plan into Medicare. Under the law, employers are prohibited from offering incentives of any kind to a Medicare-eligible individual to enroll in Medicare instead of the employer’s health plan. Companies with 20 or more employees may not encourage covered employees and/or dependents to make this change in coverage. The fine for encouraging an employee or dependent to take Medicare is $5,000 per situation, but that’s not the largest potential penalty. The…
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