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 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 […]
How Much Do Medicare Supplements Cost?
Many seniors are shocked to learn that Original Medicare (Part A and Part B) only pays about 80% of Medicare-covered costs and that there’s no out of pocket maximum on the costs that beneficiaries pay (the remaining 20%). Learning this is when most people become interested in supplemental Medicare insurance. A Medicare Supplement plan (aka, […]
Medicare Supplement Plans Comparison Chart: A Side-by-Side Look
Medicare Supplement Plans Comparison Chart 2020 Medicare supplements, which are identified by plans A – N, cover the gaps in Original Medicare coverage. That’s why Medicare calls them Medigap plans. One of the most beneficial aspects of the lettered plan system is that it lets you compare supplemental Medicare plans side-by-side. To make it as […]
Is Medicare Plan F Going Away?
Is Medicare Plan F going away? Yes. As of 1 January 2020, this popular plan is no longer available to people turning age 65. But, don’t fret, you can still get excellent coverage. What Happened to Medigap Plan F? For decades, Medicare Supplement Plan F (aka, Medigap Plan F and Medicare Plan F) was the […]