Here are the five top reasons that it’s better to have a Medigap Plan F, G, or N policy and keep your Original Medicare benefits for life: All of your major healthcare expenses are covered up-front. You can use the healthcare providers of your choice (no network providers). No referrals are required to use healthcare […]
When Does Medicare Start? 7 Important Facts You Need to Know.
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2020, more than 61-million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to over 80-million people. In this MedicareWire.com article, we’ll explain when Medicare starts for most people […]
Medicare Advantage vs Medigap: Which is Best for You?
While shopping for Medicare health insurance, most people want to know “What is the big difference between Medicare supplements and Medicare advantage plans?” Medicare supplements and Medicare Advantage are very different health insurance products, but they both attempt to protect you from the high cost of a chronic illness or being hospitalized. Unfortunately, it’s very difficult to compare Medicare supplements, also known […]
Can I Get My Prescriptions with a Medigap Plan?
One of the top benefits of most Medicare Advantage plans is they bundle in prescription drug coverage. We get a lot of questions from readers wanting to know if they can get prescription drug coverage bundled with Medicare supplement insurance. The short answer is no. You can get prescription drug coverage through Medicare in one […]
When Does Medicare Start?
If you’re approaching retirement, you may ask yourself, “When does Medicare start?” This article will help you understand when your Medicare benefits will begin. Initial Enrollment Period (IEP) Everyone turning age 65, or getting Medicare benefits due to their Social Security disability status, gets an Initial Enrollment Period (IEP). How long it takes for Medicare […]
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 […]
What is a Medicare Supplement Plan… And Why Do I Need One?
A Medicare Supplement plan is additional insurance that works in conjunction with Medicare Part A and Medicare Part B benefits. There are 10 standardized plans, A to N. Each lettered plan offers a different level of coverage to suit a variety of needs. Before we get into the plans, and what they have to offer, […]
Medicare Advantage vs. Medicare Supplement: Which is Best for You?
Medicare Supplement vs. Medicare Advantage: Which is Better? Before 2003, when Medicare added the private health insurance option, known as Medicare Advantage, seniors only had two options: pay out-of-pocket or buy a Medicare supplement. Now there’s anon-going debate as to which option is better. Answering this important question is made all the more difficult by […]
Top 10 Medicare Supplement Insurance Companies for 2020
Finding the 10 Best Supplemental Insurance Companies Here at MedicareWire, we are not insurance agents. We do not sell Medicare supplement plans or any other type of insurance. We are educators and senior advocates. Our job is to make sure that seniors and their caretakers have the information they need to make the best decisions […]
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 […]
Medigap Plans K and N vs. Medicare Advantage Plans
It has long been assumed that Medicare Advantage plans are the way to go if you need a low monthly premium. The risk trade-off, of course, is higher out of pocket costs until you reach the annual spending limit. However, the premiums are so low on most of the basic plans that many seniors wonder, […]
Good News for Medicare Supplement Buyers: Open Enrollment Is Not For You
As October approaches, like clockwork the Medicare commercials begin on TV. As if Medicare isn’t confusing enough already, none of us need the bombardment of hype from insurance marketing organizations, like AARP. Nevertheless, it’s here and will be with us until early December. One area of confusion for many seniors has to do with the […]
My Medicare Advantage Plan Is Not Offered In 2019. What do I Do?
I received a notice that my Medicare Advantage plan won’t be available in 2019. What do I need to do? This year, thousands of seniors received a notice from their Medicare Advantage (MA) plan telling them that the insurance carrier will no longer be offering coverage in their area. If you received this notice, you have two […]
What is Medigap?
Medigap is Medicare’s terminology for private insurance that covers the gaps between your traditional Medicare benefits and what you must pay out of pocket. These gaps include: Medicare Part A Coinsurance & Hospital Costs Medicare Part A Skilled Nursing Facility Coinsurance Medicare Part A Deductible Medicare Part A Hospice Care Coinsurance or Copayment Medicare Part […]
What Medicare Out-of-Pocket Costs Mean to You
Out-of-pocket costs are those fees that you have to pay at the doctors office, hospital or pharmacy because they are not covered by your Medicare health insurance. Almost all healthcare plans have these expenses, but they vary according to what type of Medicare plan you choose. Your out-of-pocket costs are a financial risk. As with […]
