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Medicare Glossary

What Does ‘Medically Necessary’ Mean?

If you are a Medicare beneficiary, you may have come across the term, “medically necessary” to refer to services covered...

Common Medicare Terms

Annual Election Period (AEP) During the AEP, Medicare Advantage-eligible individuals may enroll in or disenroll from an MA plan. The...

What is Step Therapy?

Step therapy may sound like an exercise program, but it actually refers to managed care for prescription drug therapies and...