SHIP/SMP representatives provide free and unbiased Medicare counseling for any questions, abuse, or concerns they will also screen Medicare beneficiaries for Low-Income Assistance Programs. SHIP (State Health Insurance Assistance Program) and SMP (Senior Medicare Patrol) are administered locally by the Upper Cumberland Development District and cover all 14 Upper Cumberland counties. Please call SHIP at 93, visit the Upper Cumberland SHIP Facebook Page at /UCSHIP, or email to register or learn more. SHIP is a federally funded program administered through the Area Agency on Aging & Disability (AAAD). The class will consist of training on Parts A, B, C & D, as well as Medigap policies and ways to prevent Medicare fraud. until noon at the Upper Cumberland Development District located at 1104 England Drive in Cookeville. Upper Cumberland SHIP (State Health Insurance Assistance Program) is conducting a series of FREE ABCs of Medicare! classes this month on Thursday, Jan. Once there, you’ll find answers to your most common questions and more information on the different Medicare plans offered in your area.Are you eligible for Medicare and curious about your plan options? In fact, is a great place to start all your research. Visit to explore the formulary of approved drugs for your Part D plan as well as their prices, organized by tier. Every Part D plan has its own list (i.e., a “formulary”) of covered medications. While Medicare Advantage plans often offer prescription drug coverage, insurers also sell federally standardized Medicare Part D plans as a standalone product to those with Medicare Part A and/or Part B. In other words, comparing prices and services offered from different vendors may be the best way to find a Medicare Advantage plan that works for you. This is due to unique provider networks, premiums, copays, coinsurance, and out-of-pocket spending limits. Although these plans come with standardized minimum coverage, the amount of additional protection offered can differ drastically from one person to the next. MA plans are offered by private companies approved by the federal government. Sometimes called “Medicare Part C,” Medicare Advantage (MA) plans are often viewed as an all-in-one alternative to Original Medicare. The premiums vary, according to the Medicare recipient’s income level, but the standard monthly premium amount is $144., and the current yearly deductible is $198. Part B does come with some costs, however, which are adjusted annually. Part B covers physicians’ fees, outpatient hospital care, certain home health services, durable medical equipment, and other offerings not covered by Medicare Part A. Knowing the limitations of Part A, some people look for other choices when it comes to managing the costs of extended care. During days 21-100, a $176 daily coinsurance payment may be required of you. Under the current Part A rules, you would pay $0 for days 1-20 of care in a skilled nursing facility (SNF). Many pre-retirees are frequently warned that Medicare will only cover a maximum of 100 days of nursing home care (provided certain conditions are met). One thing to keep in mind is that, while very few beneficiaries must pay Part A premiums out of pocket, annually adjusted standard deductibles still apply. In general, Part A covers inpatient hospital care, skilled nursing facility costs, hospice, lab tests, surgery, and some home health care services. Whether your 65 th birthday is on the horizon or decades away, understanding the different parts of Medicare is critical, as this government-sponsored program may play a role in your future health care decisions.
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