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On this page, you will find blog posts related to Medicare supplement insurance, also known as Medigap.
Medicare is the government medical insurance plan for older Americans and people with certain disabilities. As of 2020, more than 61-million Americans rely on Medicare for their primary health insurance needs. By the year 2032, this number will swell to over 80-million people.
In this … [Read more...]
Do Medigap Plans Have Any Disadvantages?
Approximately 30% of people in 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.... have Medicare supplements. Many people look at the cost and wonder if 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.... is really worth it? In this MedicareWire article, we'll explore the disadvantages of Medigap plans and … [Read more...]
One of the most common questions we get here at MedicareWire is, "are Medicare Advantage plans bad?" In this article, we will explore this exceptionally important question by contrasting 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).... vs. 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 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.....
Key Takeaways
Medicare Advantage is not the … [Read more...]
Medicare's Maximum Out-of-Pocket Limit is a Serious Liability
Depending on the coverage selections you've made, your Medicare benefits may have low out-of-pocket costsOut-of-pocket costs (aka, out-of-pocket medical expenses) are costs that a beneficiary must pay because their health insurance does not cover them. Out-of-pocket costs are found in the deductibles, copayments, and coinsurance outlined in each health..., high out-of-pocket costs, or even unlimited out-of-pocket expenses. In this MedicareWire article, we'll dissect your liability and … [Read more...]
Once You Understand Three Fundamental Differences, Your Choice Will Be Easy.
There are many differences between 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) and 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)..... However, we sum up Medicare Advantage vs. Medigap in our three key takeaway points. In this article, we'll help you … [Read more...]
The Average Cost of Supplemental Insurance for Seniors Varies by Location, Age, and Gender
According to MedicareWire research, the average 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.... 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 does it cost for … [Read more...]
Do You Really Need Supplemental Insurance with Medicare?
Are you wondering, "Do I really need Medigap insurance?", for most people the answer is Yes! Medicare supplement insurance (aka, "Medigap") is worth every penny. It is not a waste of money. And it offers many valuable benefits.
In this … [Read more...]
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.....
Medicare Part BMedicare Part B is medical coverage for people with Original Medicare. It covers doctor visits, specialists, lab tests and diagnostics, and durable medical equipment. Part A is for hospital inpatient care.... is the portion of 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.... that … [Read more...]
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...]
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...]
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...]
While shopping for Medicare health insurance, most people want to know "What is the big difference between Medicare supplements and Medicare advantage plans?" 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.... insurance and 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).... are very different types of health insurance products, but they both attempt to … [Read more...]
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...]
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...]
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 inpatient coverage for people with Original Medicare, whereas Part B is medical coverage for doctor visits, tests, etc.... and Medicare Part BMedicare Part B is medical coverage for people with Original Medicare. It covers doctor visits, specialists, lab tests and diagnostics, and durable medical equipment. Part A is for hospital inpatient care.... (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...]
