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Enriching your life; informing your health. Life insurance, and other topics.


How You Can Stay Healthy While Traveling: Part 1
How You Can Stay Healthy While Traveling: Part 1

Travel is a fulfilling addition to a vibrant life, especially during retirement. It can be a wonderful time to experience all of your adventurous dreams. Whether you are hiking in Peru or sipping cappuccinos in Italy, you will return home with rich memories and a broader perspective.

To get the most out of this experience, it's important to take steps to take care of yourself while you are trekking around the world. Through a combination of preventative health services and healthy habits, you can help keep yourself well during your travels. This two-part series will provide tips for prioritizing your health while traveling.

Part 1: Before Your Trip
Prior to departure, take the following steps to prepare for a healthy lifestyle while traveling.

Visit Your Doctor
Make an appointment with your doctor a month or so before your trip to notify them of your travels. Depending on your destination, you might need certain vaccinations or medications.

Plan with Your Travel Partner
Whether traveling with a friend, partner, or family member, it's important to know each other's health concerns. If you have any allergies or specific health conditions, make sure that your travel buddy is aware. If you plan to travel with a tour group, make sure the company knows, as well.

Pack a Basic First Aid Kit
Either purchase a small first aid kit or make your own. This will keep you prepared during minor medical situations. Your doctor might have specific suggestions for what to put in there.

Have an Emergency Plan
It is important to be prepared. When you book your accommodations, locate the nearest medical clinic or hospital.

Remember Your Medications
In the frenzy of packing, it's easy to forget your medication bottles. Pack ahead of time and make a checklist so nothing falls through the cracks. In addition, certain medications need to be kept on your person or carry-on luggage whenever traveling, so talk to your physician about any special measures you need to take. Unfortunately, this is a common mistake that many travelers make.

By taking advantage of preventative health services and planning ahead, you can set yourself up for a healthy trip. In the next part of this series, you will find tips on how to stay healthy during your trip. Bon voyage!

Remember: Talk to your insurance provider about insurance options and how your plan will function internationally. With this preparation, you can have a vacation full of wellness and joy.

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Diabetes and Medicare Deep Dive: Part 2

Diabetes is a serious and pervasive disease in the United States. With around 9% of the population suffering from this disease, it is among one of the most common chronic diseases faced in our country -- especially among the elderly. According to National Diabetes Statistics Report, 2017, the percentage of adults 65 and older living with diabetes has increased to 25.2% (U.S. Centers for Disease Control and Prevention, National Diabetes Statistics Report, 2017).

In this three-part series, we are taking a closer look at this disease and its effects on Americans. In this second installment, we will be examining the way that diabetes affects the elderly, especially those on Medicare.

Diabetes Prevention and Medicare

The increased emphasis on offering preventative health services through Medicare has meant that there are now more resources available to help those who are at risk of developing diabetes. Medicare beneficiaries can now be diagnosed and receive medical advice that may help prevent the disease from fully developing.

Diabetes and Original Medicare

When it comes to diabetes care, Medicare Part B is probably the most relevant portion of what is traditionally considered Original Medicare (Part A and Part B). Part B covers many important outpatient services, medication, and supplies for diabetes care. Some (but not all) examples of what is included:

·         Blood Glucose Strips

·         Lancet devices

·         Glucose Control Solutions

·         Insulin Pumps and Pump Supplies

·         Obesity Screening

·         Glaucoma

While Original Medicare does cover a wide range of diabetes medical treatments, you will be required to pay a monthly premium. You will still be responsible for a deductible on many of your medical expenses. Typically, that deductible will be 20% of the Medicare-approved cost. Medicare Supplement insurance may cover those gaps in which Original Medicare does not cover.

Diabetes and Medicare Part D

Part D is an important plan to consider if you suffer from diabetes. That is because Part D allows you to choose a prescription drug program. While Original Medicare generally only covers insulin that is used in a pump, Part D allows you more flexibility. In addition, you could have more access to other drugs that can be helpful in combating diabetes.

Medicare Part D will cost an additional premium and requires a copay or deductible depending on the specific plan you choose. Additionally, you will need to pay attention to the coverage gap. This temporarily increases the copay on prescriptions after a certain amount has been spent (this “amount” is not enough to qualify for emergency coverage, though).

Medicare may be very beneficial for people with diabetes. Still, you will need to carefully weigh the benefits of different Medicare plans to find what is right for you.

In the third portion of this series we will examine the way that diabetes can affect life insurance. 


Diabetes and Health Insurance Deep Dive: Part 1
Diabetes is a serious medical condition that's far more widespread than most people realize. This summer, a shocking new report from the U.S. Centers for Disease Control and Prevention showed that a third of all Americans have prediabetes (U.S. Centers for Disease Control and Prevention, "More than 100 million Americans have diabetes or prediabetes," July 2017). As a result, the number of Americans diagnosed with diabetes is always on the verge of rising.

Diabetes could have an effect on your ability to procure life or health insurance. In this series, we will take a closer look at this disease and the effect it can have on your acquiring Medicare and/or life insurance.

In the first part of this series, we will examine specifically the disease itself.

What Is Diabetes?

Diabetes is a disease that prevents your body from properly processing glucose, or blood sugar. While glucose is an important energy source, especially for the brain, it can cause problems when left unchecked.

There are two main types of diabetes. Type One Diabetes happens for an unknown reason, although it is largely thought to be based on genetic susceptibility. It is usually found in children and young adults. Type Two Diabetes, the most common form, is the result of poor diet, as well as genetics.

In both cases, the body is no longer able to use insulin properly regulate glucose levels. Insulin, a natural hormone, is either no longer being produced in adequate amounts (Type One), or the body has developed an immunity to insulin, which means you need an amount far above what your body can produce in order to regulate glucose (Type Two).

What Is Prediabetes?

In 2015, 84.1 million Americans, age 18 and older, had prediabetes (U.S. Centers for Disease Control and Prevention, "More than 100 million Americans have diabetes or prediabetes," July 2017). Prediabetes occurs when your body begins to acquire a tolerance to insulin. Your body then ramps up production of insulin to combat your increasing tolerance. 

The key distinction here is that your body may recover from prediabetes. With the proper healthy lifestyle and preventative health services, you may be able to keep prediabetes from escalating to the point of no return. Currently, there is no cure for diabetes, which means you will require lifelong treatment to keep the condition under control. People with prediabetes are at a higher risk for Type Two, heart disease, and stroke. 

How Can You Try To Prevent Diabetes?

Small steps can make a huge difference if you have been diagnosed with prediabetes. Incorporating small, healthy habits into your lifestyle may help stall or even reverse the development of your body's insulin immunity. Going for a few walks per week and replacing sugary treats with fiber rich fruits and vegetables may have a positive impact. 
Diabetes is a widespread problem, affecting the lives of millions. Every year, 1.5 million Americans are diagnosed (U.S. Centers for Disease Control and Prevention, "More than 100 million Americans have diabetes or prediabetes," July 2017). It could have severe consequences for your health, your lifestyle, and your medical and life insurance coverage and premiums. In the next installment of this three-part series, we will examine the intersection of diabetes and Medicare.



Deep Dive: Medicare Fraud and Abuse Part 3
Deep Dive: Medicare Fraud and Abuse Part 3

Medicare is one of the most popular government run programs in the nation. Every day, 10,000 Americans enroll in Medicare and around 37 million rely on Medicare for their preventative health services like flu shots and cancer screenings.

According to the Kaiser Family Foundation, 6 in 10 Americans report that the program is working well. That number climbs when you look at seniors, 8 out of 10 of whom believe Medicare works well for them. But working well and working perfectly are two separate things.

A major flaw in the Medicare program is the risk for both fraud and abuse. Fortunately, there are ways for concerned seniors to help combat both, thanks to the Senior Medicare Patrol.

What Is the Senior Medicare Patrol (SMP)?
The SMP is a network of specially trained volunteers who seek out evidence that abuse or fraud has occurred and report it to the proper authorities. In doing this, the SMP helps to prevent undue burden on the Medicare system that could potentially cause a rise in the price of senior health care.

Who Are the Volunteers?
The vast majority of the roughly 5,000 nationwide volunteers are civic-minded Americans who are retired and on Medicare. Like a neighborhood watch, these volunteers are among the first defense against the sort of fraud that could have devastating effects on the Medicare system.

What Do SMP Volunteers Do?
SMP volunteers are responsible for a number of services geared towards improving the life of Medicare beneficiaries and their families. Among the most common tasks are:

  • Help with administrative tasks like data entry and more.
  • Provide community outreach by supplying senior centers and events with informational materials about Medicare fraud and abuse.
  • Give presentations about the risks of Medicare fraud and abuse, and how best to detect them.
  • Counsel fellow seniors struggling to make sense of their situation. This might even include reviewing personal information, preventative health services records, and looking out for red flags that abuse or fraud might be occurring.

Whether you are looking for a way to help combat the issues of insurance fraud and abuse, or you are looking for a way to find out if you yourself might be at risk, SMP offers a number of services and opportunities that might interest you. To learn more about this important program, visit the official website.

This concludes our three-part series on Medicare fraud and abuse. Knowing what to watch out for can make a real difference in your risk of being taken advantage of.

If you have any additional questions, give us a call at Bankers Fidelity at (866) 458-7500.

Sources:

The Commonwealth Fund, "Medicare's Numbers Game," April 2015

The Henry J. Kaiser Family Foundation, "The Public's Health Care Agenda for the 113th Congress," January 2013

Senior Medicare Patrol, "Become a Volunteer"

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Deep Dive: Medicare Fraud and Abuse Part 2
Deep Dive: Medicare Fraud and Abuse Part 2

The number of people enrolling in Medicare is rising from 39.7 million in 2013 to 55.7 million in 2015. In fact, according to the CommonWealth Fund, there are projected to be 81 million enrollees by 2030.

The second part of this Medicare fraud and abuse series is designed to examine some of the most common ways that Medicare fraud and abuse manifest themselves.

Billing Fraud
This is a common abuse perpetrated on Medicare patients. This is when a medical facility bills you or the government for a service, treatment, or medication you never received. The guilty party can be your doctor padding your claims to increase their profit or it can be the result of identity theft.

No Medical Necessity Fraud
No Medical Necessity Fraud can be one of the most difficult to identify. In a typical case, a medical provider will submit a claim for medications, ambulatory services, or medical devices that the patient did not actually need. In extreme cases, victims can even be subjected to dangerous surgeries with little to no possible benefit. While it helps unscrupulous providers pad their pockets, it puts patients at risk and places extra costs on the Medicare system. Since most patients are inclined to trust their doctor's opinion, it can be difficult to know whether a given medical procedure is actually necessary.

Procedure Unbundling
Many important surgeries are made up of a number of essential steps, but each step is considered part of the larger procedure -- they are bundled. But many times, a doctor can receive a greater amount of money by billing for each individual step separately. By doing this, the doctor can increase their own profits, leaving you and the Medicare system will be facing an undue burden.

Kickbacks
Pharmaceutical companies have huge profit margins on many of their basic products, despite the availability of less expensive generic options. That is because the pharmaceutical reps often provide incentives for doctors to prescribe their medications, including financial benefits, among other things. At its worst, doctors will prescribe medication that offers no real benefit for a patient in order to fulfill their part of the agreement made with the pharmaceutical companies.

There are a number of different ways Medicare and Medicare Advantage patients may be defrauded. While the fraud might seem harmless to some, certain kinds may have life threatening results for the patient. But don't worry, in the next blog of this series, we will look into what you can do to prevent health care fraud.

Sources:

The Commonwealth Fund, "Medicare's Numbers Game," April 2015

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