About the Author

Carter Gray

Carter Gray is one of the Managing Principals of Pacific Insurance Group in Bellevue, Washington. He has a Bachelor of Arts degree in English literature from the University of Washington and has been licensed in the insurance industry since 2000, helping thousands of clients with their insurance journey.
It refers to the automatic reduction in Medicare payments to healthcare providers, Medicare Advantage plans, and Medicare Part D plans.
Medicare Cost Plans are a type of Medicare health plan offered by private companies.
A Medicare Carve-Out Plan is a type of supplemental insurance plan designed to work alongside Medicare, typically provided by employers to their retirees.
A Private Fee-for-Service (PFFS) plan is a type of Medicare Advantage plan offered by private insurance companies.
This plan is designed to cover nearly all out-of-pocket costs that Medicare beneficiaries might otherwise have to pay.
It is a program under Medicare designed to help low-income individuals by covering their Medicare Part A and Part B premiums.
Medicare Part B excess charges are additional fees that a beneficiary may incur when receiving medical services from a healthcare provider.
Railroad Medicare is a specialized branch of Medicare that serves retired and disabled railroad workers and their dependents.
Modified Adjusted Gross Income (MAGI) is a measure used to determine eligibility for various tax benefits and programs, including Medicare.

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