Two of the most common questions we get here at MedicareWire are, "Are Medicare Advantage plans bad?", and "What are the advantages and disadvantages of Medicare Advantage plans?" If you're trying to figure out if the private health plan option is right for you, read on. In this article, we will … [Read more...] about Why Medicare Advantage Plans are Bad: 7 Top Complaints
Medicare Plan N: Is it the Right Supplement for You?
Medicare supplements, like Medigap Plan N, are additional insurance Medicare beneficiaries can purchase to help cover some of the out-of-pocket costs baked into Original Medicare. For most people getting their Medicare benefits for the first time, the big question becomes, "Which plan is right for … [Read more...] about Medicare Plan N: Is it the Right Supplement for You?
Are Medicare Supplement Plans Worth It?
If you are wondering, "do I really need supplemental insurance with Medicare or is it a waste of money?", you're in the right place. For most people, Medicare supplement insurance (aka, Medigap) is worth every penny. It is not a waste of money. And it offers many valuable benefits. In this … [Read more...] about Are Medicare Supplement Plans Worth It?
Can You Have Both Medicare and Medicaid?
Medicare is health insurance for adults aged 65 or older and those with certain disabilities. Many people are surprised to learn that Medicare is not end-to-end healthcare. In fact, from the beginning, Medicare was designed to cover only about 80 percent of a beneficiary's major medical expenses. … [Read more...] about Can You Have Both Medicare and Medicaid?
What is the Average Cost of Supplemental Insurance for Medicare?
According to MedicareWire research, the average Medicare Supplement insurance premium in 2020 was $154.50 per month. We evaluated over 100 of the best Medicare Supplement plans to find out how much it costs the average person for Medicare supplemental insurance. Key Takeaways The amount of … [Read more...] about What is the Average Cost of Supplemental Insurance for Medicare?
How Much Does Medicare Cost?
Medicare Has Premiums, Deductibles, Copayments, Coinsurance, and Other Costs. Many people make the mistake of thinking that Medicare, the federal government's health insurance program for people age 65 and older, will pay for everything related to their health care. Unfortunately, it doesn’t. The … [Read more...] about How Much Does Medicare Cost?
2022 Medicare Open Enrollment: A Guide to Dates, Costs and Eligibility
Everything you need to know about Medicare's 2022 Annual Enrollment Period (AEP) dates, costs, eligibility, and opportunities to change your Medicare insurance coverage this Fall. Key Takeaways The Medicare Annual Enrollment Period (AEP) starts each year on October 15 and ends on December … [Read more...] about 2022 Medicare Open Enrollment: A Guide to Dates, Costs and Eligibility
When Does Medicare Start? 7 Important Facts You Need to Know.
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2020, more than 62-million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to nearly 80-million people. In this MedicareWire … [Read more...] about When Does Medicare Start? 7 Important Facts You Need to Know.
Why are Some Medicare Advantage Plans Free?
Are there free Medicare Advantage plans? Asked another way, how can Medicare Advantage plans have a $0 premium? It seems impossible, doesn't it? In the day and age when people struggle to afford catastrophic health insurance coverage, how can it be that health insurance companies are giving away … [Read more...] about Why are Some Medicare Advantage Plans Free?
Is it Better to have Medicare Advantage or Medigap?
While shopping for Medicare health insurance, particularly if you are getting your benefits for the first time, it's important to understand the difference between Medicare Advantage and Original Medicate with a Medigap plan. In this MedicareWire article, we'll cover the fundamental benefits of … [Read more...] about Is it Better to have Medicare Advantage or Medigap?