Initial Enrollment Period (IEP) Official Definition: “CMS defines IEP or The Initial Enrollment Period as the first chance you have to enroll in Medicare Part B. Your Initial Enrollment Period starts three months before you first meet all the...
Service Area Official Definition: “CMS defines a Premium as the periodic payment to Medicare, an insurance company, or a health care plan for health or prescription drug coverage.” – www.medicare.gov [Medi-Care-Eez] Definition:...
Service Area Official Definition: “CMS explains that if your modified adjusted gross income is above a certain amount, you may pay an Income Related Monthly Adjustment Amount (IRMAA). Medicare uses the modified adjusted gross income reported on your IRS...
Medicare Advantage (Part C) Official Definition: “…often called an all-in-one plan. By transferring your Medicare benefits to the plan, the plan administers hospital, medical services, and most often drug benefits.” – www.medicare.gov...
Service Area Official Definition: “CMS defines a Service Area as a geographic area where a health insurance plan accepts members if it limits membership based on where people live. For plans that limit which doctors and hospitals you may use, it’s also...
