What You Must Know to Avoid Financial Ruin & Get What You Deserve Sixty million people (51 million seniors and 9 million adults with disabilities) use Medicare for their health insurance coverage. To understand what Medicare covers and how it provides coverage benefits, you need to know the ABCs and D of Medicare: Medicare Part A covers your […]
How To Choose a Medicare Supplement Plan
Original Medicare provides decent health insurance coverage for your major medical, but it doesn’t cover everything. However, you have the option to fill most of the coverage gaps by purchasing a Medicare supplement plan, also known as Medigap. While it might initially seem complicated, if you follow our five-step plan, you’ll be well on your […]
Medicare Supplement Open Enrollment: Its Not When You Think It Is
There is a lot of confusion about the open enrollment period for supplemental Medicare insurance (aka, Medigap). In this brief article, we’ll answer the two most common questions, including when is it and how long does it last. When is Medicare Supplement Open Enrollment? It’s easy to be tricked into thinking that open enrollment for […]
What is the Average Cost of Supplemental Insurance for Medicare
What is the Average Cost of Supplemental Insurance for Medicare? One of the most frequent questions we get about supplemental Medicare insurance “what is the average cost of a Medigap plan?” Medigap, also known as Medicare supplement insurance, is a group of standardized plans that help cover the gaps in Original Medicare health insurance. And, […]
Medicare Plan N (Medigap Plan N): One of the Newest, Innovative Supplements
What is Medicare Plan N? Medicare Supplemental Plan N is one of the ten standardized Medigap plans. Although it is one of the newest plans available, Medicare Plan N is quickly becoming a favorite with Baby Boomers aging into their Medicare benefits. This is particularly true of Baby Boomers who are accustomed to sharing healthcare […]
High Deductible Medicare Plan F: Is It Worth The Risk?
High Deductible Medicare Plan F is a version of the regular Medicare Plan F in which you pay all costs until spending reaches the annual deductible. According to Medicare.gov, this plan is only available to people new to Medicare. That means you can buy this Medigap plan if you first become eligible for Medicare benefits […]
Do I Really Need Supplemental Insurance with Medicare?
We often get questions from people about to retire who are concerned about their budget. This is understandable because a fixed budget can put the squeeze on your finances. Recently I got a question from a friend with Social Security disability benefits that has had her Medicare since she was in her 50s. Now turning […]