Are Medicare Advantage Plans Good or Bad? Due to their cost structure, a Medicare Advantage plan may be a bad choice if you frequently use healthcare services. Lower monthly premiums are enticing, but high out-of-pocket costs can make the private health plan option more expensive for some. In … [Read more...] about 10 Reasons Why Medicare Advantage Plans are Bad
Is Supplemental Medicare Insurance a Waste of Money? Supplemental Medicare insurance is not a waste of money. It helps pay Part A and Part B out-of-pocket costs. Without it, you'll pay all costs yourself. In this article, we'll discuss how Medicare Supplement insurance, also known as Medigap, … [Read more...] about Are Medicare Supplements Worth It or A Waste of Money?
How Much is Medicare Supplemental Insurance? Plans vary from $40 to over $400 per month. The average cost of Plan G is $132.25 per month. Plan N is $98.85. These are the most popular plans purchased. We evaluated over 100 Medicare Supplements to uncover the average cost of Medigap insurance in … [Read more...] about Average Cost of Supplemental Insurance for Medicare
As the 2024 Medicare Open Enrollment Period approaches, it's crucial for Medicare beneficiaries and those planning for retirement to stay informed about the latest developments in Medicare premiums and costs. The Medicare program plays a vital role in the healthcare coverage of millions of … [Read more...] about Understanding the 2024 Medicare Premium Increases and Changes
Can I Switch Medicare Supplement Plans Anytime? Medicare Supplement Insurance does not have a specific enrollment period. With some limitations, you can apply, change, or cancel at any time. In this article, we'll cover everything you need to know regarding Medicare Supplement Insurance … [Read more...] about Can I Change Medicare Supplement Plans Anytime (Yes!)?
Can I Drop My Employer Health Insurance and Go on Medicare? Your employment and access to employer health insurance have no bearing on your qualification for Medicare or your ability to sign up. This article will explain how your Medicare benefits work if you have employee health benefits … [Read more...] about Can I Sign Up for Medicare If I Have Employer Health Insurance?
What Does Medicare Part G Cover? Plan G is 1 of 10 Medigap plans, and 1 of only 2 plans with a high deductible option. It covers all out-of-pocket costs except the Part B deductible. We have identified 9 Medicare Plan G pros and cons we think you should know about. Table of Contents What is … [Read more...] about 9 Medicare Plan G Pros and Cons You Can’t Ignore
How Can Medicare Advantage Plans Be Free? Medicare Advantage plans with a zero-dollar premium aren't free. You must continue to pay your Part B premium. Due to their costs, free plans can be more expensive. In this article, we'll explain the true cost of Medicare Advantage plans, and what a … [Read more...] about Are Free Medicare Advantage Plans Really Free?
Does Medicare Have An Out Of Pocket Max? Original Medicare does not have a maximum out-of-pocket limit like Medicare Advantage and Part D plans. To limit costs, you need a Medicare Supplement. In this article, we’ll dissect Medicare out-of-pocket maximum costs and how you can get more … [Read more...] about Medicare Maximum Out-of-Pocket Costs
What is the Difference Between Medicare Plan G and Plan N? Plans G and N are popular Medicare Supplements. Plan G covers all out-of-pocket costs except the Part B deductible. Plan N has a couple more uncovered costs. In this article, we'll go over the coverage and benefits of both of these plans … [Read more...] about Medicare Plan G vs Plan N: Which is Better?
What is Medigap Coverage Used for? Medigap helps pay Original Medicare out-of-pocket costs, including deductibles, coinsurance, and copays. Without it, beneficiaries pay these costs themselves. In this article, we will go over how Medigap coverage, also known as Medicare Supplement Insurance, … [Read more...] about What is Medigap Coverage and Why Do I Need It?
How Does High Deductible Plan G Work? Once you have paid the deductible, High Deductible Plan G has the same coverage as the standard Plan G. Until the deductible is met, you pay all out-of-pocket costs. In this article, we're going to take a deep dive into one of the best ways to save money and … [Read more...] about High Deductible Plan G: Is It Right For You?
Can Medicare Supplement Plans Deny Coverage? In all but four states, Medicare Supplements can deny coverage, unless you have a guaranteed issue right. This is because they are not health insurance. Different rules apply. In this article, we will examine the rules a private insurance company must … [Read more...] about Why You Can Be Denied a Medigap Plan
Which is Better Medicare Advantage or Medicare Supplement? Medicare Advantage plans offer more benefits, but Medicare Supplements provide more coverage. Decide which you need and you'll know which is better for you. In this article, we'll explain the top Medicare Supplement vs Medicare … [Read more...] about Medicare Advantage vs Medicare Supplement (pros & cons)
What Documents Do I Need to Apply for Medicare? You must prove that you are eligible for Medicare. This may include verifying your age, citizenship or residency status, work history, income history, and military service. In this article, we'll go over all of the documents you may need to produce … [Read more...] about What Documents Do I Need to Sign Up for Medicare?
Should I Switch From Plan F to Plan G? Switching plans is a financial decision. In nearly all cases, the overall cost of Plan G is lower than Plan F, making the switch a good decision. In this article, we're going to explain the single difference between Plan F and G and why Plan F rates are … [Read more...] about 7 Facts About Medicare Plan F vs Plan G
What are 4 Types of Medicare Advantage Plans? HMO, HMO-POS, PPO, and PFFS plans are the 4 most common Medicare Advantage plans, but there are more, including Medicare Savings Accounts. The type of plan you choose is the most critical decision you need to make Medicare Advantage is a … [Read more...] about How to Choose a Medicare Advantage Plan in 7 Steps