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 […]
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, […]
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, […]
Is Medicare Plan G Better than Plan F? It All Depends on What You Value Most.
The 2010s are behind us and with the new decade comes a big change in Medicare. As of 1 January 2020, Medicare Plan F is no longer available to people getting their Medicare benefits for the first time. In other words, if you’re not age 65+ before 2020, Medicare Plan F isn’t for you. Medicare […]
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 […]
Medicare Plan G (Medigap Plan G): Good As You Can Get in 2020
If you’re turning age 65 this year, Medicare Plan G is the most comprehensive Medicare supplement you can buy. It’s also the most popular. You might be thinking that Plan F is the best, but that’s only true if you turned age 65 before the year 2020. Here’s why. Medicare Plan G, sometimes mistakenly called […]
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 […]
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, […]
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 […]
