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, supplemental Medicare insurance is not a waste of money. In fact, it offers many valuable benefits. In this article, we'll discuss why Medicare … [Read more...] about Are Medicare Supplements Worth It or A Waste of Money?
Two of the most common questions we get 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. You're in the right place. In this article, … [Read more...] about 7 Reasons Why Medicare Advantage Plans are Bad
According to our research, the average cost of supplemental insurance for Medicare is $152.25 per month. That's an increase of nearly $20 from a year ago. We evaluated over 100 Medicare Supplements to find out how much it costs the average person. Where you live, age and the amount of coverage … [Read more...] about Average Cost of Supplemental Insurance for Medicare in 2023
If you are getting your Medicare benefits for the first time, you might wonder if Medicare Supplement Plan G is a luxury or absolutely necessary. We have identified 9 different pros and cons associated with Medicare Plan G that will help you decide if it's the right Medicare Supplement for you. … [Read more...] about 9 Medicare Plan G Pros and Cons You Can’t Ignore
Depending on the coverage selections you’ve made, your Medicare benefits may have low out-of-pocket costs, high out-of-pocket costs, or even unlimited out-of-pocket expenses. In this article, we’ll dissect Medicare out-of-pocket maximum costs and how you can reduce your liability. What is … [Read more...] about Does Medicare Have an Out-of-Pocket Max?
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 Medigap plans, as well. Let's get into it. Medigap … [Read more...] about What are the Disadvantages of a Medigap Plan?
If you're wondering which Medicare Supplement is the best, Medicare Plan F or Plan G, you're in the right place. We're going to answer that question as thoroughly as possible. In fact, we're going to come at it from both directions, because both of these stellar Medigap plans are the best options … [Read more...] about Medicare Plan F vs Plan G: Which is Better in 2023?
I recently had a question from a friend on Social Security. She's had her Medicare since she was in her 50s. Now turning age 65 she asked, "Do I really need supplemental insurance with Medicare? I've managed with just Parts A, B, and D for all of these years." If you're getting your Medicare … [Read more...] about 7 Reasons You Need Supplemental Insurance with Medicare
If you are new to Medicare, you might find the cost structure confusing. This is particularly true when it comes to Medicare Advantage plans. In this article, we'll do our best to demystify exactly how much Medicare Advantage plans cost. That way you will be able to compare plans to find the one … [Read more...] about Medicare Advantage Insurance Costs in 2023
Deciding between a Medicare Supplement vs. Medicare Advantage is the most important decision most people will make when enrolling in Medicare. With Medicare Advantage, you can get more benefits. But with a Medicare Supplement plan, you get more coverage. Therefore, research and thoroughly … [Read more...] about Top Medicare Supplement vs Medicare Advantage Pros and Cons
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 Medicare with a Medigap plan. In this article, we'll cover the fundamental benefits of each. We'll … [Read more...] about Is it Better to Have Medicare Advantage or Medigap?
Medicare covers about 80% of your major medical costs. Unless you have additional coverage, the remaining 20% is paid out-of-pocket. Medigap coverage is used to pay the 20% out-of-pocket costs in Medicare, These include various deductibles, coinsurance, and copayments. In this article, we will … [Read more...] about What is Medigap Coverage Used for in Medicare?