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 […]
Medicare Advantage vs. Medigap: Which is Best for You?
In this MedicareWire article, we’ll do our best to help you understand which type of Medicare insurance is right for you. Our Medicare system is full of options, and deciding between Medicare Advantage and a Medicare Supplement plan is a big decision. Comparing Medicare Advantage and Medigap (Medicare Supplements) Medicare Advantage replaces your Original Medicare benefits with […]
Medicare Supplement Guaranteed Issue: You Don’t Want to Miss This Deadline
What is “Guaranteed Issue” for Medicare Supplement? Guaranteed-issue is a right granted to Medicare beneficiaries and applies to supplemental Medicare insurance (aka, Medigap). All states and the federal government enforce this essential right, which protects you from medical underwriting. Unlike regular health insurance, which was reformed by the Affordable Care Act (Obamacare), supplemental Medicare insurance […]
Medicare Plan C (Medigap Plan C): Sorry Charlie!
Medicare Supplement Plan C, also called Medigap Plan C, is one of the most comprehensive of the 10 standardized supplemental Medicare plans available in most states. In fact, only Medicare Plan F offers more coverage. For its beneficiaries, this top-tier plan covers most Medicare-approved out-of-pocket costs. NOTE: Medicare Plan C, along with Plan F, is […]
Medicare Plan D (Medigap Plan D): The Low-Down Dude of Medicare Plans
What is Medicare Plan D? Medicare Plan D is one of the ten standardized Medigap plans, which is also known as Medicare Supplement Plan D or Medigap Plan D. It is often confused with Medicare Part D, which is your prescription drug coverage. A good way to remember the difference is that only Medicare has […]
Medicare Plan A (Medigap Plan A): Is it Worth a Look?
Supplemental Medicare insurance helps cover certain out-of-pocket costs that Original Medicare (Part A and Part B) don’t pay. These gaps in Medicare coverage include deductibles, coinsurance, and copayments that make up a beneficiary’s shared-costs. Medicare Plan A the most basic of all Medicare supplements available to help cover some of these costs. Medicare Supplement Plan […]
Medicare Plan B (Medigap Plan B): The Basics… Plus!
Medicare supplement insurance (aka, Medigap) is additional insurance you can buy to help cover some of the out-of-pocket costs included with Original Medicare (Part A hospital coverage and Part B medical coverage). These costs include the deductibles, copayments, and coinsurance that must be paid when you use healthcare services. By design, Original Medicare only covers […]
Medicare Supplement Plans for Disabled Under 65: What You Need to Know
If you’re under the age of 65 and you qualify for Medicare benefits due to a disability or End-Stage Renal Disease (ESRD), you may or may not be able to purchase Medicare supplement insurance. It all depends on where you live. However, you absolutely will once you do turn age 65. Medicare Supplement Plans for […]
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 […]
Medicare SELECT: Are These Supplements Worth the Restrictions?
What is a Medicare SELECT policy? Prior to the advent of Medicare Advantage, Medicare Supplement insurance companies contracted with local hospitals and doctors to get favorable rates for their policyholders. These unique Medigap plans became known as Medicare SELECT policies. Although Medicare SELECT policies are not available everywhere, where available they offer significant savings. In […]
How Much Does Medicare Cost?
Not everyone pays the same amount for their Medicare. If you have Medicare benefits, the amount you pay for your health insurance depends on how much you earn, the type of Medicare insurance you choose, and how much health care you require. Medicare has several parts, and each part has different costs. Plus, people earning […]
