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'll … [Read more...] about 7 Reasons Why Medicare Advantage Plans are Bad
As we age most of us need eye care, dental work, foot care, hearing aids, and additional medical care, but Medicare generally won’t pay for any of these health services. And if you need extensive long-term care, Medicare only covers you for a limited time and under particular circumstances. Here’s … [Read more...] about 9 Services Medicare Does Not Cover that Most Seniors Need
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?
Medicare Supplement Plans Comparison Chart Medicare Supplements, which are identified by plans A – N, cover the gaps in Original Medicare coverage. That's why Medicare calls them Medigap plans. Gaps include deductibles, copayments, and coinsurance. Some plans also add coverage for foreign travel … [Read more...] about 2023 Medicare Supplement Comparison Chart: A Side-by-Side Look
The other day a woman new to Medicare wrote to me to ask, "What are the disadvantages of Medigap plans?" As I had clearly spelled out the many reasons people feel Medicare Advantage plans are bad, she wanted to know the pros and cons of Medicare supplement insurance. Let's get into … [Read more...] about The Disadvantages of Medigap Plans
If you have ever had a Health Maintenance Organization (HMO) plan or a Preferred Provider Organization (PPO) plan through an employer or the Healthcare Exchange, you already have a pretty good idea about how Medicare Advantage plans work. In this MedicareWire article, we'll explain what you need … [Read more...] about How Does Medicare Advantage Work?
If you are about to make plan election choices for yourself or a loved one, you might find yourself wondering about the advantages and disadvantages of Medicare Advantage plans. In this MedicareWire article, we'll answer this important question for you. Spoiler Alert: It's different for … [Read more...] about Top 5 Advantages and Disadvantages of Medicare Advantage Plans
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2022, more than 64 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 … [Read more...] about When Does Medicare Start? 7 Important Facts You Need to Know.
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?
Medicare Supplements, like Medigap Plan N, are additional insurance that people with Original Medicare can purchase to help cover some of Medicare's out-of-pocket costs. For most people getting their Medicare benefits for the first time, the big question becomes, "Which plan is right for me?" In … [Read more...] about Medigap Plan N: Is it the Right Supplement for You?