Two of the most common questions we get here at MedicareWire are, "Are Medicare Advantage plans bad?", and "What are the advantages and disadvantages of Medicare Advantage plans?" If you're trying to figure out if the private health plan option is right for you, read on. In this article, we will … [Read more...]
Blog Posts Related to Medicare Supplements (Medigap)
On this page, you will find blog posts related to Medicare supplement insurance, also known as Medigap.
Are Medicare Supplement Plans Worth It?
If you are wondering, "do I really need supplemental insurance with Medicare or is it a waste of money?", you're in the right place.
For most people, Medicare supplement insuranceMedicare 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. (aka, Medigap) is worth every penny. It is not a waste of money. And it offers many valuable benefits.
In this … [Read more...]
What is the Average Cost of Supplemental Insurance for Medicare?
According to 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. research, the average Medicare Supplement insuranceMedicare 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. premiumA 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. in 2020 was $154.50 per month. We evaluated over 100 of the best Medicare Supplement plans to find out how much it costs the average person for Medicare supplemental insurance.
Key Takeaways
The amount of … [Read more...]
How Much Does Medicare Cost?
Medicare Has 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. , 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., CoinsuranceCoinsurance is a percentage of the total you are required to pay for a medical service. , 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...]
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 62-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 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. … [Read more...]
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 AdvantageMedicare 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). and Original Medicate with a MedigapMedicare 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. plan. 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 cover the fundamental benefits of … [Read more...]
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 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., high out-of-pocket costs, or even unlimited out-of-pocket expenses. 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 dissect your liability and how to get more coverage if you need it.
Key Takeaways … [Read more...]
What is the Difference Between Medicare Advantage vs. Medicare Supplement?
There are many differences between 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). and Medicare supplement insuranceMedicare 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. (Medigap). 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 help you figure out if a Medicare Advantage plan is best for you or if you should keep your 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. and add a Medicare supplement policy for … [Read more...]
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 ChargesA Medicare Part B excess charge is the difference between a health care provider’s actual charge and Medicare’s approved amount for payment.. 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 explain what these charges … [Read more...]
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 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. blog post, we'll break down the four main parts of … [Read more...]
Is it Better to Have Medicare Advantage or Medigap?
Here are the five top reasons that it's better to have a Medicare Advantage planMedicare 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).:
Up-front costs (monthly premiumA 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 generally lower.
You may have more doctor choices in Medicare Advantage.
Plans are required to take you regardless of your health condition.
If you have both Medicare … [Read more...]
Medicare Plan F vs Plan G: Which is Better?
Is Medicare Plan GIf you're turning age 65 this year, Medicare Supplement Plan G is the most comprehensive Medicare supplement you can buy. It's also the most popular. You might be thinking that Medicare Supplement Plan F is... Better than Plan F?
If you're wondering which 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. 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 … [Read more...]
Can I Get My Prescriptions with a Medigap Plan?
One of the top benefits of most 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). 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 insuranceMedicare 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. (aka, Medigap).
The short answer is no.
You can get … [Read more...]
What Is Medicare Part G?
There are four different parts to the federal Medicare programMedicare is a federal health insurance program for people ages 65 and older and people with certain disabilities.. 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 GIf you're turning age 65 this year, Medicare Supplement Plan G is the most comprehensive Medicare supplement you can buy. It's also the most popular. You might be thinking that Medicare Supplement Plan F is... comes … [Read more...]
What Is Medicare Part F?
The federal Medicare programMedicare is a federal health insurance program for people ages 65 and older and people with certain disabilities. 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 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 Medicare 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. (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.) is provided directly by the government, whereas Medicare … [Read more...]