Why Medicare Advantage Plans are Bad The biggest drawback of Medicare Advantage Plans is the potential for high out-of-pocket costs. Even though these plans may offer more complete coverage, they have frequent expenses. Plus, plans change annually, may require referrals and prior authorization, and … [Read more...] about Drawbacks of Medicare Advantage Plans
Blog Posts Related to Medicare Supplements (Medigap)
On this page, you will find blog posts related to Medicare supplement insurance, also known as Medigap.
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Medicare Plan F vs Plan G: Should You Switch?
Should I Switch From Plan F to Plan G? Switching Medigap plans is a financial decision. In most cases, the overall cost of Medigap Plan G is lower than Plan F, making the switch a good decision. This article will explain the difference between Medicare Supplement Plan F and Plan G and why Plan F … [Read more...] about Medicare Plan F vs Plan G: Should You Switch?
Medicare Supplement vs Advantage: Which is Better?
Which is Better Medicare Advantage or Supplemental Insurance? Medicare Advantage plans offer more benefits, but Medicare Supplements provide more financial coverage. Decide which you need, and you'll know which is better. In this article, we'll explain the top Medicare Supplement vs. Medicare … [Read more...] about Medicare Supplement vs Advantage: Which is Better?
Medicare Out-of-Pocket Maximum in 2024
Does Medicare Have An Out Of Pocket Max? Unlike Medicare Advantage Plans, Original Medicare (Part A and B) has no maximum out-of-pocket limit. To limit costs, you need a Medigap Plan. This article will dissect what Medicare covers, its out-of-pocket costs, and how to get more financial … [Read more...] about Medicare Out-of-Pocket Maximum in 2024
Is Medicare Plan F Still Available? (yes and no)
Is Medicare Plan F Going Away? Plan F is still available, but only if you qualified for Medicare prior to January 1, 2020. After that, the best plan you can get is Plan G. In this article, we'll help you understand if Medicare Plan F or Plan G is the best Medicare Supplement plan for you and … [Read more...] about Is Medicare Plan F Still Available? (yes and no)
Medicare Part B Excess Charges Explained
What Does Medicare Part B Excess Charges Mean? Healthcare providers that don't accept Medicare's standard rates as full payment are allowed to add up to an additional 15% to your bill. This additional amount is a Part B excess charge. In this article, we'll explain what Part B excess charges … [Read more...] about Medicare Part B Excess Charges Explained
Medicare Supplement (Medigap) Plans: Coverage, Costs, and Eligibility
As you approach your 65th birthday, choosing a Medicare plan might seem overwhelming, but it's not so bad when you break it down. Medicare has two sections: Part B and Part A. Medicare Part A covers your hospital care, skilled nursing facilities, and hospice costs. It's generally premium-free. … [Read more...] about Medicare Supplement (Medigap) Plans: Coverage, Costs, and Eligibility
Paying for Drugs When You Have a Medigap Plan
For some people, the switch to Medicare is welcome. However, even with Medicare being universally available, Medicare coverage varies widely among individuals. If you look at Medicare Advantage plans, you already understand how many options exist. Most of these plans include prescription … [Read more...] about Paying for Drugs When You Have a Medigap Plan
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 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. In this … [Read more...] about When Does Medicare Start? 7 Important Facts You Need to Know.
How Much Does Medicare Cost?
Medicare Has Premiums, Deductibles, Copayments, Coinsurance, and Other Costs. Many people think that Medicare, the federal government's health insurance program for people 65 and older, will pay for everything related to their health care. Unfortunately, it doesn’t. The reality of how much you … [Read more...] about How Much Does Medicare Cost?
Understanding Medicare in 4 Easy Steps
If you are getting your Medicare benefits for the first time, the jargon may sound foreign, but you don't need Medicare for Dummies to figure it out. Once you learn the ABCs and D of Medicare, you'll be well on your way. In this MedicareWire blog post, we'll break down the four main parts of … [Read more...] about Understanding Medicare in 4 Easy Steps
What Is Medicare Part G?
There are four different parts to the federal Medicare program. From its inception in 1965, it has been a government-run health insurance program for seniors aged 65 and people with disabilities and medical conditions. But, did you know it isn't all-inclusive care? That's where Medicare Plan G comes … [Read more...] about What Is Medicare Part G?
What Is Medicare Part F?
The federal Medicare program is a series of lettered (A, B, C, and D) health insurance programs available to people, age 65 and older, and certain adults with qualifying disabilities. Medicare Part A and Medicare Part B (Original Medicare) is provided directly by the government, whereas Medicare … [Read more...] about What Is Medicare Part F?
Do Low-Cost Medicare Supplement Plans Save Money?
Medicare supplement insurance premiums continue to increase. The increases have a lot to do with changes brought about by the Affordable Care Act (aka, Obama) and how these changes affect reimbursements to healthcare providers. As a result, a lot of seniors are asking about low-cost Medicare … [Read more...] about Do Low-Cost Medicare Supplement Plans Save Money?
How to Choose the Best Medicare Supplement Company
Here at MedicareWire, we are not insurance agents. We do not sell Medicare Supplement insurance or any other type of health 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 … [Read more...] about How to Choose the Best Medicare Supplement Company