Assisted living and independent living are very different. Assisted living is when someone receives assistance with their daily living tasks, including bathing, grooming, cooking, cleaning, and taking medication. Independent living is when someone lives at home with minimal or no assistance. Medicare, which is health insurance that people ages 65 and older are eligible to […]
A Guide to Medicare Home Health Care
Most people do not want to stay in a hospital, skilled nursing facility, assisted living facility, or rehabilitation facility for weeks or even months recovering from an illness or injury. They would rather be in the comfort of their homes. The problem is that those individuals still need to be monitored to ensure they are […]
2020 Medicare Coverage & Benefits
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 […]
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?
Medicare Plan F High Deductible 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 […]
Can I Change Medicare Supplement Plans Anytime?
When Can I Change My Medicare Supplemental Insurance Plan? Unlike Medicare Advantage and Medicare Part D, there isn’t an Annual Election Period (open enrollment) for Medicare supplements. That’s good news. The bad news is that switching Medicare supplements – to a different carrier for a better rate or to a different plan for better coverage […]
Best Medicare Supplement Plans: One Size Does Not Fit All
What Are The Best Medicare Supplement Plans? When shopping and comparing Medicare supplement plans, the most important thing to understand is the amount of coverage you need. The reason for this is that supplemental Medicare insurance (aka, Medigap) is standardized. That means that a Medicare Plan G sold by AARP, for instance, has exactly the […]
Are Medicare Supplement Plans Worth It?
When you’re first eligible for Medicare (Parts A and B), you also have a one-time opportunity to apply for Medicare supplement insurance without having to go through medical underwriting. This benefit, called guaranteed issue rights, is only available once, and the window of opportunity is only 6-months. In this article we’re going to answer an […]
Medicare Plan F vs Plan G: Which is Better?
Which is Better: Medicare Plan F vs Plan G If you’re wondering which Medicare Supplement plan is the best, Plan F vs. 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 […]
Medicare Supplement Plans with No Premiums: What’s the Scoop?
Medicare supplements, also called Medigap plans, are supplemental insurance policies for people with Original Medicare. Unlike Medicare Advantage plans, which completely replace your traditional Medicare benefits, no insurance companies offer Medigap plans with no premiums. Here’s why. Original Medicare and Medicare Advantage are both government health insurance products. These products are broken up into four […]
High Deductible Medicare Plan G: Is it Any Good?
The high deductible version of Medicare Plan G has the same coverage benefits as the regular Medigap Plan G, but you pay all costs until your Medicare-approved costs reach the annual deductible. According to Medicare.gov, High Deductible Medicare Plan G is only available if you first become eligible for Medicare benefits due to age, disability, […]
Medicare Supplement Plans: What Are They And Who Should Get One?
Nearly 11 million Medicare beneficiaries use Medicare Supplement insurance to cover the gaps in their traditional Medicare coverage. Also known as Medigap plans, supplemental Medicare policies help pay a portion of the shared costs baked into the original Medicare system. Available in all 50 states, supplements are the popular choice for people who don’t want […]
