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 […]
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 Plan K (Medigap Plan K): Economical Alternative to Medicare Advantage
Medicare Plan K is one of two unique Medicare supplements with shared-cost coverage and an annual out-of-pocket limit. This is a plan that works for people looking for help with certain Original Medicare costs, but need a lower monthly premium for affordability. If this sounds like you, then read on because Medigap Plan K might […]
Medicare Plan L (Medigap Plan L): The Lame Duck of Supplements
If you’re enrolled in Medicare Part A and Part B (aka, Original Medicare), you’re most likely fully aware that you will pay some costs out-of-pocket or buy additional insurance. With Original Medicare, beneficiaries pay deductibles, coinsurance, and copayments that equal about 20% of the total cost of Medicare-approved services. To help pay the 20% gap […]
Medicare Plan M (Medigap Plan M): Covers The Most Important Costs
Medigap Plan M offers good coverage for healthy people who are unlikely to incur excess charges or require hospitalization. Although the coverage is similar, Plan M is not as popular as Medicare Plan N due to its typical premiums, which tend to run a bit higher. A Medicare Plan M policy covers the following Medicare […]