L. W. Farmbry & Associates

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United States
Bala Cynwyd, PA
L. W. Farmbry & Associates

Helping clients understand and develop realistic, secure income streams during their retirement year

09/19/2023

Cancer insurance is a type of supplemental insurance that's used to offset the costs of cancer treatments. Benefits are paid directly to you rather than going through a doctor, hospital, or other health care provider. It can help reduce some of the out-of-pocket costs that come with recovery.

09/18/2023

Medicare 101: Medigap refers to Medicare Supplement plans, private insurance plans that are secondary to Original Medicare.

09/15/2023

What is a Medicare Summary Notice?
A Medicare Summary Notice (MSN) is a quarterly explanation of benefits statement that Medicare provides to show you the healthcare services received and what Medicare paid toward them. You should review your MSN to determine if you owe any balances that are due.

09/14/2023

What is Medicare Part D?
Medicare Part D is voluntary prescription drug coverage that is available either through a Medicare Advantage plan or through a standalone Part D plan.

09/13/2023

Confused about your Medicare insurance options? Contact us today so we can review your situation!

09/12/2023

What is Medicaid?
Medicaid is a joint state and federal program to provide health care for low-income individuals. People who qualify for Medicaid may get assistance with paying their Parts B and D premiums, deductibles, copays, and coinsurance.

09/11/2023

Part A (Hospital Insurance): Helps cover inpatient care in hospitals, skilled nursing facility care, hospice care, and home health care.

09/08/2023

What is the Initial Coverage Phase?
Under Medicare Part D, the Initial Coverage Phase is the coverage phase that follows the annual deductible phase. During initial coverage, you will pay copays or coinsurance for your covered medications as set by the insurance company providing the drug coverage.

09/07/2023

What is IRMAA?
The Income Related Monthly Adjustment Amount (IRMAA) is an additional monthly charge that people with certain high-income levels must pay on top of their Medicare Part B and D premiums.

09/06/2023

What is COBRA?
Consolidated Omnibus Budget Reconciliation Act (COBRA) insurance offers retirees an opportunity to extend their former employer’s health coverage for a number of months after they have retired, usually at their own expense.

09/05/2023

What is the Annual Election Period?
The Annual Election Period (AEP) is the period that runs from October 15 – December 7 each year. Medicare beneficiaries can enroll in, change, or disenroll from a Medicare Advantage plan or Part D drug plan.

09/04/2023

What is an Annual Notice of Change?
The Annual Notice of Change (ANOC) letter is a notice that Medicare Advantage and Part D plan carriers must send their members each September that outlines the changes to their plan for the coming year. It may include increases or decreases to benefits, premiums, copays, and more. It may also include additions or deletions from the plan’s drug formulary for the following year.

Address

2 Bala Plaza, Suite 300
Bala Cynwyd, PA
19004

Website

https://farmbryassociates.com/

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