Blog Posts Related to Medicare Advantage

On this page, you will find blog posts related to Medicare Advantage plans (Medicare Part C).

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10 Reasons Why Medicare Advantage Plans are Bad

by David Bynon, July 31, 2023

Are Medicare Advantage PlansMedicare Advantage (MA), also known as Medicare Part C, are health plans from private insurance companies that are available to people eligible for Original Medicare (Medicare Part A and Medicare Part B). Good or Bad?
Due to their cost structure, a Medicare Advantage plan may be a bad choice if you frequently use healthcare services. Lower monthly premiumsA premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of premiums. are enticing, but high out-of-pocket costsOut-of-Pocket Costs for Medicare are the remaining costs that are not covered by the beneficiary's health insurance plan. These costs can come from the beneficiary's monthly premiums, deductibles, coinsurance, and copayments. can make the private health plan option more expensive for some.

Are Free Medicare Advantage Plans Really Free?

by David Bynon, July 1, 2023

How Can Medicare Advantage Plans Be Free?
Medicare Advantage plans with a zero-dollar premium aren't free. You must continue to pay your Part BMedicare Part B is medical coverage for people with Original Medicare benefits. It covers doctor visits, preventative care, tests, durable medical equipment, and supplies. Medicare Part B pays 80 percent of most medically necessary healthcare services. premium. Due to their costs, free plans can be more expensive.

In this article, we'll explain the true cost of Medicare Advantage plans, and what a … [Read more...] about Are Free Medicare Advantage Plans Really Free?

Medicare Maximum Out-of-Pocket Costs

by David Bynon, July 1, 2023

Does Medicare Have An Out Of Pocket Max?
Original MedicareOriginal Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage. does not have a maximum out-of-pocket limit like Medicare Advantage and Part DMedicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each... plans. To limit costs, you need a Medicare SupplementMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage..

In this article, we’ll dissect Medicare out-of-pocket maximum costs and how you can get more … [Read more...] about Medicare Maximum Out-of-Pocket Costs

Medicare Advantage vs Medicare Supplement (pros & cons)

by David Bynon, June 24, 2023

Which is Better Medicare Advantage or Medicare Supplement?

Medicare Advantage plans offer more benefits, but Medicare Supplements provide more coverage. Decide which you need and you'll know which is better for you.

In this article, we'll explain the top Medicare Supplement vs Medicare … [Read more...] about Medicare Advantage vs Medicare Supplement (pros & cons)

Top 5 Advantages and Disadvantages of Medicare Advantage Plans

by David Bynon, May 13, 2023

If you are about to make plan election choices for yourself or a loved one, you might find yourself wondering about the advantages and disadvantages of Medicare Advantage plans. In this MedicareWireMedicareWire is a Medicare insurance consulting agency. We founded MedicareWire after seeing and hearing how confusing and frustrating it is to find, understand, and choose a plan. Our services are free to the consumer. article, we'll answer this important question for you.

Spoiler Alert: It's different for … [Read more...] about Top 5 Advantages and Disadvantages of Medicare Advantage Plans

How to Compare Medicare Advantage Plans

by David Bynon, May 7, 2023

Where to Compare Medicare Advantage Plans
MedicareWire is the only website that lets you quickly and easily see all Medicare Advantage plans in your area and download plan benefits and costs. Use our MA Plan Finder to compare plans.

In this article, well answer these important questions about … [Read more...] about How to Compare Medicare Advantage Plans

Medicare Advantage Insurance Costs in 2023

by David Bynon, February 2, 2023

If you are new to Medicare, you might find the cost structure confusing. This is particularly true when it comes to Medicare Advantage plans.

In this 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 find the one … [Read more...] about Medicare Advantage Insurance Costs in 2023

When to Sign up for Medicare if Still Working at 65

by David Bynon, January 7, 2023 — fact checked by Ethan Bynon

In our second article in the Medicare Mistakes Series, we discussed why it is a mistake not to enroll in Medicare at age 65. In Mistake #3, we're going to address an equally important topic, not signing up for Medicare if you are still working.

If you are still working at age 65, yes, you should … [Read more...] about When to Sign up for Medicare if Still Working at 65

Is Medicare Free For Everybody?

by David Bynon, January 4, 2023 — fact checked by Ethan Bynon

Many people mistakenly believe that Medicare is free for everybody, including when you turn age 65. After all, during the years we work, we pay Medicare taxes, right?

Medicare is not free for everybody. Medicare is not free at age 65. And Medicare is not free for the disabled. Our taxes pay for … [Read more...] about Is Medicare Free For Everybody?

What Is The Point of a Medicare Advantage Plan?

by David Bynon, December 1, 2022

For many people, Original Medicare (Part AMedicare Part A is hospital coverage for Medicare beneficiaries. It covers inpatient care in hospitals and skilled nursing facilities. It also covers limited home healthcare services and hospice care. and Part B) does not provide enough coverage. For instance, it doesn't cover routine vision, hearing, or dental care. And, it only pays for about 80% of what it does cover.

The point of a Medicare Advantage plan is to fill in some of the coverage gaps in … [Read more...] about What Is The Point of a Medicare Advantage Plan?

When Does Medicare Start? 7 Important Facts You Need to Know.

by David Bynon, October 12, 2022

Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2022, more than 64 million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to nearly 80 million people.

How Much Does Medicare Cost?

by David Bynon, August 16, 2022

Medicare Has Premiums, DeductiblesA deductible is an amount a beneficiary must pay for their health care expenses before the health insurance policy begins to pay its share., CopaymentsA copayment, also known as a copay, is a set dollar amount you are required to pay for a medical service., 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?

Does Medicare Cover Gym Memberships?

by Ethan Bynon, January 10, 2022 — fact checked by Andrew Bynon

Original Medicare covers medically necessaryServices or supplies that are needed for the diagnosis or treatment of your medical condition and meet accepted standards of medical practice. health services, which does not include gym memberships or other types of fitness services. That's a shame because regular exercise benefits overall health, both physical and emotional. Fortunately, many private Medicare plans do cover fitness programs … [Read more...] about Does Medicare Cover Gym Memberships?

Does Medicare Cover Insulin?

by Ethan Bynon, January 6, 2022 — fact checked by Andrew Bynon

Prescription medications can be difficult to keep up with financially, especially when needed to treat a chronic condition, like diabetes. Insulin in particular has suffered from skyrocketing prices over the past few years. Fortunately, as of January 2021, Medicare introduced the Senior Savings … [Read more...] about Does Medicare Cover Insulin?

Does Medicare Cover Hospital Stays?

by Ethan Bynon, January 5, 2022 — fact checked by Andrew Bynon

There is no way to sugarcoat it. A hospital inpatient stay can be very expensive. When enrolling in Medicare for the first time or switching coverage, one of the first questions you might have is "will Medicare cover my hospital stay?"

Yes! Medicare provides coverage for the majority of hospital … [Read more...] about Does Medicare Cover Hospital Stays?