Prescription Drug Costs Soar, Doubling in 7 Years By: AARP Thanks to drug manufacturer price hikes, the average cost for a year’s supply of a prescription drug has jumped to more than $11,000, or about 75 percent of the average annual Social Security retirement benefit and half the median income of someone on Medicare. This …
This month SFG had our annual company awards banquet to celebrate the past year. 2015 was an excellent year of business for our team! Due to the growth in size of our team, we celebrated in a new location, the Fox Den Country Club. The banquet is for all of us to get together outside …
National Doctor’s Day National Doctor’s Day was created to show appreciation to your doctors. Doctors perform vital diagnosis, treatment and care for yourself and your family. When you are well, your doctor keeps you well. When you are sick, there is no other person more important to you than your doctor. Origin of “National Doctor’s …
The Office on Aging’s Senior Citizens Information and Referral Service is having their Annual Duncan Awards. This event is held to honor exceptional members of our community who make a positive impact in the lives of seniors. This year for the 15th anniversary we are inviting all the previous award winners back to celebrate. There …
Did you know SFG offers free Medicare seminars? Join us this Fall at Summit Medical Group! If you would like more information about Summit’s Medicare plans and the options available to you, Summit, in partnership with Senior Financial Group, is offering a series of free seminars, including assessments and evaluations. *All meetings held at Summit …
By Kristi L. Nelson of the Knoxville News Sentinel As of March 1, Tennova Healthcare hospitals in Knoxville will no longer be in-network for UnitedHealthcare insurance customers, unless the hospital system and insurer reach an agreement about reimbursement rates. Tennova on Tuesday began sending letters to its patients informing them of the potential change, which …
The cost of long-term care insurance covers nursing homes, assisted living facilities, and in-home care. Many policies also cover some homemaker services, such as meal preparation or housekeeping as long as it is in junction with the personal care services you receive. National average cost for a nursing home= over $87,000/year Average assisted living cost= …
U.S. regulators have temporarily banned health insurer Cigna from offering certain Medicare plan to new patients after a probe uncovered issues with the current offerings. It has not been announced if current Cigna Healthspring clients will receive a SEP (special election period where they can change their Medicare Advantage plan). The sanctions, which took effect …
The Medicare Advantage Disenrollment Period (MADP) lasts from January 1st through February 14th of each year. During the MADP, a beneficiary can switch from an MA plan to traditional Medicare. The new MADP also provides an opportunity to enroll in a Part D drug plan for those who have not already done so. So …
The Crucial Difference Between Being Admitted as an “Inpatient” or Being Listed as “Under Observation” A special Message for Medicare Beneficiaries: Over the past ten years, there has been over a 65% increase in hospital patients being listed as ‘under observation’ instead of as an inpatient. Why you ask? Inpatients cost considerably more than observation …