Medicare Has Premiums, Deductibles, Copayments, Coinsurance, and Other Costs. Many people make the mistake of thinking that Medicare, the federal government's health insurance program for people age 65 and older, will pay for everything related to their health care. Unfortunately, it doesn’t. The … [Read more...] about How Much Does Medicare Cost?
What is the Average Cost of Supplemental Insurance for Medicare?
According to MedicareWire research, the average Medicare Supplement insurance premium in 2022 was $162.25 per month. We evaluated over 100 of the best Medicare Supplement plans to find out how much it costs the average person for supplemental Medicare insurance. Key Takeaways The amount of … [Read more...] about What is the Average Cost of Supplemental Insurance for Medicare?
Why are Some Medicare Advantage Plans Free?
Are there free Medicare Advantage plans? Asked another way, how can Medicare Advantage plans have a $0 premium? It seems impossible, doesn't it? In the day and age when people struggle to afford catastrophic health insurance coverage, how can it be that health insurance companies are giving away … [Read more...] about Why are Some Medicare Advantage Plans Free?
Is it Better to have Medicare Advantage or Medigap?
While shopping for Medicare health insurance, particularly if you are getting your benefits for the first time, it's important to understand the difference between Medicare Advantage and Original Medicate with a Medigap plan. In this MedicareWire article, we'll cover the fundamental benefits of … [Read more...] about Is it Better to have Medicare Advantage or Medigap?
How Much Do Medicare Advantage Plans Cost?
If you are new to Medicare, you might find the cost structure confusing. This is particularly true when it comes to Medicare Advantage plans. So, in this MedicareWire article, we'll do our best to demystify exactly how much Medicare Advantage plans cost. That way you will be able to compare plans to … [Read more...] about How Much Do Medicare Advantage Plans Cost?
Does Medicare Have a Maximum Out of Pocket Limit?
Depending on the coverage selections you've made, your Medicare benefits may have low out-of-pocket costs, high out-of-pocket costs, or even unlimited out-of-pocket expenses. In this MedicareWire article, we'll dissect your liability and how to get more coverage if you need it. Key Takeaways … [Read more...] about Does Medicare Have a Maximum Out of Pocket Limit?
What is the Difference Between Medicare Advantage vs. Medicare Supplement?
There are many differences between Medicare Advantage plans and Medicare supplement insurance (Medigap). In this MedicareWire article, we'll help you figure out if a Medicare Advantage plan is best for you or if you should keep your Original Medicare and add a Medicare supplement policy for … [Read more...] about What is the Difference Between Medicare Advantage vs. Medicare Supplement?
What Does Medicare Advantage Cover? 7 Facts You Should Know.
By law, Medicare Advantage plans must provide the same basic healthcare services for inpatient care and outpatient care as Original Medicare. The similarities end there, so it's important to learn what private health plans cover and how to compare plans to find the best for your needs. Key … [Read more...] about What Does Medicare Advantage Cover? 7 Facts You Should Know.
What Medicare Advantage Plans Are Available In My Area?
Medicare Advantage plans are organized and sold county-by-county. The reason for this, versus national plans, is that most private health insurance use provider networks, which are local. In this MedicareWire article, we'll help you find plans in your area and give you tips to help you choose the … [Read more...] about What Medicare Advantage Plans Are Available In My Area?
Medicare Part B Excess Charges: How To Avoid Them
Most doctors in the USA participate in the Medicare program in one form or another. It's a very small percentage that doesn't. However, not all doctors participate in the same way, and this often leads to Medicare Part B Excess Charges. In this MedicareWire article, we'll explain what these charges … [Read more...] about Medicare Part B Excess Charges: How To Avoid Them