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A nonprofit organization empowering donors to forgive billions in oppressive medical debt.

Posted by Newsbytes • Profile • 03/03/20 at 11:15AM • Health Insurance • See more by Newsbytes

Medical debt is a widespread problem in the US. One in five working-age Americans have trouble paying their medical bills, according to a 2016 Kaiser Family Foundation/New York Times survey

RIP Medical Debt was founded in 2014 by two former debt collections executives, Craig Antico and Jerry Ashton.
During their decades in the debt-buying industry, Craig and Jerry had learned of thousands of Americans saddled with unpaid and un-payable medical debt and realized they were uniquely qualified to help these people in need.

They went on to create a unique way to forgive medical debt; they would use donations to buy large bundles of medical debt for a fraction of its price, like debt collectors do, and then forgive that debt with no tax consequences to donors or recipients. Reportedly the debt purchase price averages a penny on the dollar, so, wiping out $100 of medical debt would cost about $1

RIP Medical Debt, is a New York based 501(C)(3) which is focused on helping people who are suffering the crippling medical costs
exacerbated by our broken health care system. The results have been spectacular — Nearly $1.4 billion in medical debts have been eradicated so far, providing financial relief for over 650,000 individuals and families. The organization says it seeks to relieve medical debt for those most in need, meaning people who earn less than two times the federal poverty level, have debt that is 5% or more of their annual income or face insolvency, meaning their debts are greater than their assets.

Click here to find out more about RIP Medical debt. There is also an article in CNN about this topic.

When Your Doctor Is Also A Lobbyist: Inside The War Over Surprise Medical Bills || By Rachana Pradhan - Kaiser Health News

Posted by Newsbytes • Profile • 02/13/20 at 08:45PM • Health Insurance • See more by Newsbytes

There are many factors contributing to the costs of healthcare. Click tor read about what is happening in the debate to control surprise medical bills on Kaiser Health News. This story also ran on NPR.

Missed Open Enrollment? WA extends deadline to January 15th!

Posted by Suder Group, LLC • Profile • 10/26/17 at 10:48PM • Health Insurance • Profesional Services

If you missed open enrollment for Individuals and Families for a January 1 coverage start date, you still have time to get coverage in place for February 1st. Washington State has extended open enrollment to January 15th for those who missed the December 15th deadline. January 15th is the absolute deadline unless you qualify for a Special Enrollment Period. If you need help and advice, contact an expert - Call Loy at 206-569-5415 or email Loy@Sudergroup.com. Get the help you need!

Confused about Medicare?

Posted by Suder Group, LLC • Profile • 08/10/16 at 12:21PM • Health Insurance • Profesional Services

New to Medicare?

Medicare can be confusing for many people – for instance, often people do not realize that Original Medicare does not cover all of their medical expenses - there are out of pocket costs that can really add up with deductibles, copays and coinsurance. There are a variety of plans available to help protect you from these costs, including Medicare Supplement (Medigap) or Medicare Advantage plans. And, you need to purchase Part D prescription drug coverage to avoid paying a penalty later on.

If you are approaching your 65th birthday, it is very likely you have been receiving information from a variety of health insurance companies about their plans – understanding the differences can be a challenge, there are so many options to choose from and there is no one size fits all.

As an independent health insurance agent, I represent several Medicare plans and I can help you understand your options so you can find the coverage that is right for you. You are not charged a fee to work with an independent agent; I earn commissions from the insurance companies and my goal is to help you find the plan that best meets your needs.

Before I or any agent can work with you, you must have your Medicare card that indicates the effective date of your Hospital (Part A) and Medical (Part B) enrollment. There are three ways you can enroll:

• By Phone: Call Social Security toll-free at 1-800-772-1213 (TTY 1-800-325-0778).
• In Person: Take proof of your age and W-2 forms for the past two years to any Social Security office. Your local phone directory will list the office location nearest you.
• Online: Apply online at www.ssa.gov.

If you have questions, or if I can be of assistance to you, please call me at (206)569-5415 or send me an email to loy@sudergroup.com. I’m happy to select the plan that will meet your unique needs.

Medicare Annual Enrollment Period October 15 - December 7

Posted by Suder Group, LLC • Profile • 10/09/15 at 02:51PM • Health Insurance • Profesional Services

For those of you on Medicare, now is the time to review your current coverage and the new plan options to make sure you enroll in the best plan for you. A variety of new benefits have been added to Medicare Advantage plans such as hearing aids, travel to doctor appointments, meals after a hospital discharge, naturopathy/acupuncture and more; not all plans have added the same features. There are also some changes in premium and per service copays, depending on the plan you are on and the specific benefit.

When reviewing your current coverage or selecting a new plan, there are several factors to consider, such as provider network, pharmacy coverage (is your specific medication included in the plan formulary), out of pocket costs and limitations, premium and the service area, just to name a few.

I am a licensed agent, certified with several health plans representing multiple Medicare Advantage, Medicare Supplement and Part D Prescription Drug Plans in Washington and I can help you find the plan that best fits your unique needs.