There are a few surprises coming your way in 2023. You can expect both rate increases and decreases ahead. Key Takeaways The Centers for Medicare & Medicaid Services (CMS) projects that the Part A premium, deductible, and coinsurance will all increase in 2023. (The finalized Part A … [Read more...] about 2023 Medicare Rate Increases, Open Enrollment, and More
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 Why Medicare Advantage Plans are Bad: 7 Top Complaints
Ladies and gentlemen, we're in trouble. I knew the economy was bad, but when I started researching updates for this article, I had no idea it was so bad for seniors and seniors alone. This really makes me angry. How is it that more of our senior population has fallen into poverty while the rest … [Read more...] about Can You Have Both Medicare and Medicaid?
2022 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. One of the most beneficial aspects of the lettered plan system is that it lets you compare … [Read more...] about Medicare Supplement Plans Comparison Chart: A Side-by-Side Look
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?
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?
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?
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?
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.
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?