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A copayment is one method of cost sharing in which you pay a predetermined amount each time you access medical services.

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9 articles tagged "Copayment"

  • Illustrations of common health care imagery, like bandages and stethoscopes.

    Master Medicare in under 4 minutes

    Master the basics of Medicare Whether you’re just starting to dive into what Medicare is all about, 
or you’ve done enough research to thoroughly confuse yourself, you’ve come to the right place. In just 4 minutes, we’ll help you get a grasp on the basics. Here’s an overview of what we’ll cover in the video: …

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  • Renew's Medicare Coverage Wizard can help you choose an additional Medicare coverage option that will best address your unique health needs.

    Medicare Coverage Wizard

    Should I purchase additional Medicare coverage? While Original Medicare will cover a lot of your most basic health needs, it doesn’t cover everything. In fact, many of the most common health benefits seniors need–like hearing, dental, prescription drugs, and vision coverage–are not covered by Medicare Parts A & B. To fill in these common “coverage …

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  • Computer monitor comparing various Medicare plans available online at Renew.

    Changing Medicare plans

    If you’re unhappy with your current Medicare plan or are just interested to see if there’s a better or more affordable plan that would work for you, all enrollees do have one opportunity each year to change plans. It’s called the Annual Enrollment Period (AEP) and in 2018, that period will take place between Oct. …

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  • The Medicare Part D donut hole.

    How much do drugs cost with Medicare?

    Understanding your drug costs on Medicare is an important part of getting the most out of your coverage. Drugs are typically one of the biggest costs people face while on Medicare. The average Medicare enrollee is on 5 prescriptions, and Medicare itself spends over $100 billion a year on pharmaceuticals. Even if you aren’t regularly …

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  • Most people become eligible for Medicare when they reach their 65th birthday. But that doesn't mean you'll be automatically enrolled.

    Initial Enrollment Period Finder

    Why do I need an Initial Enrollment Period Finder? You probably already know that most people become eligible for Medicare upon reaching their 65th birthday. However, you might not be aware of the exact parameters around this first opportunity to enroll in Medicare. Turning 65 is technically the event that qualifies an individual to enroll. …

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  • A stethoscope, pill, and capsule signify different Medicare coverage options available.

    What Medicare coverage options are available?

    When it comes to Medicare coverage, there isn’t a one-size-fits-all solution. Every person’s health considerations are different, and, luckily, there are many different coverage options available to address this fact. Whether you take multiple prescription drugs daily or are as fit as a fiddle, there is a combination of plans that can work for you. …

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  • Medicare shopping bag with stacks of money.

    How much does Medicare cost?

    Trying to estimate your medical costs is a difficult and often frustrating task. On most health insurance plans, you pay a monthly premium, and then pay “full price” for care until you reach your deductible. Once that’s met, you pay a smaller fixed amount, either through copays or coinsurance, each time you access care. Once …

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  • Medicare signup sheet on a clipboard.

    How do I sign up for Medicare?

    It’s best to think of signing up for Medicare as a (long) 2-step process. First, you need to sign up for Medicare Parts A and/or B directly through the government. Timing is very important when it comes to signing up; delaying your enrollment could result in permanent late penalties. We’ve created a simple step-by-step guide …

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  • Illustration of the word "Medicare" in a text bubble.

    Medicare 101: Understanding the basics

    Whether you’re just diving into Medicare, or you’ve done enough research to thoroughly confuse yourself, you’re on the right website. Medicare can be very difficult to navigate as there are many important choices and complex terms to sort through. With a clear sense of the basics and your unique needs, you can make Medicare work …

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