Posts Related to Medigap

Medigap insurance is Medicare's terminology for private insurance that covers the gaps between your traditional Medicare benefits and what you must pay out of pocket. On this page you will find articles related to supplemental Medicare insurance.

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Does Medicare Cover Gym Memberships?

by Ethan Bynon, January 10, 2022 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Andrew Bynon

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.... 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...]

Does Medicare Cover Emergency Room Visits?

by Ethan Bynon, January 9, 2022 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Andrew Bynon

You never know when a medical emergencyWhen you believe you have an injury or illness that requires immediate medical attention to prevent a disability or death.... will happen. When it does, getting immediate treatment at the nearest emergency room is the best course of action. However, once the danger has passed, you might have another emergency on your hands, the emergency room bill.

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, … [Read more...]

Does Medicare Cover Foreign Travel?

At some point in your life, you're likely to consider traveling outside of the United States. Perhaps a vacation in Italy or a cruise to Mexico. When you're planing such a trip, you may wonder if you're still covered by Medicare. The answer is mostly no, but there are exceptions.

In this … [Read more...]

Are Medicare Supplement Plans Worth It?

by David Bynon, November 20, 2021

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...]

Medicare Mistake #7: Choosing the Wrong Medigap Plan

by David Bynon, July 8, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In Medicare Mistake #4 we talked about why 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).... isn't the best option for people with chronic health issues, and how 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.... offers solid protection from 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...., and coinsuranceCoinsurance is a percentage of the total you are required to pay for a medical service. .... In this article, we'll address the importance of getting the right … [Read more...]

Medicare Mistake #4: Joining a Medicare Advantage Plan at Age 65 if You Have Chronic Health Conditions

by David Bynon, July 3, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

If you are a healthy senior, choosing a Medicare plan at age 65 is relatively straightforward. But what if you have chronic health issues? In the fourth article of our Medicare Mistakes Series, we'll address this very important issue.

Key Takeaways

Medicare Mistake #3: Not Signing Up for Medicare If You Have Retiree, COBRA, or Other Health Coverage

by David Bynon, July 2, 2021 — fact checkedA qualified researcher has reviewed the content on this page to ensure it is factually accurate, meets current industry standards, and helps readers achieve a better understanding of Medicare health insurance and Medicare coverage topics.... by Ethan Bynon

In Mistake #2 of the Medicare Mistakes Series, we addressed forgetting to enroll in Medicare at age 65, but we skimmed over the issue of not enrolling if you are still working and have group health coverage through your employer. In some cases, it's okay to keep your employer's coverage, but in … [Read more...]

Is it Better to have Medicare Advantage or Medigap?

by David Bynon, June 1, 2021

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...]

Is it Better to Have Medicare Advantage or Medigap?

by David Bynon, April 18, 2021

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?

by David Bynon, April 7, 2021

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?

by David Bynon, March 14, 2021

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 a Medicare Supplement Plan… And Why Do I Need One?

by David Bynon, February 26, 2021

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.... plan is additional insurance that works in conjunction with 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... benefits. Also known as Medigap, there are 10 standardized plans, A to N. Each lettered plan offers a different level of coverage to suit a variety of needs.

We'll cover … [Read more...]

Do Low-Cost Medicare Supplement Plans Save Money?

by David Bynon, January 31, 2021

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.... 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. ... 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 health care providers. As a result, a lot of seniors are asking about low-cost Medicare … [Read more...]

Is Medicare Plan F Going Away?

by David Bynon, January 6, 2021

As of 1 January, 2020, Medicare Supplement Plan FMedicare Supplement Plan F is the most comprehensive Medicare supplement plan available. This plan covers all Original Medicare deductibles, coinsurance, and copayments, leaving you with no out-of-pocket costs on all Medicare-approved services.... is no longer available to people turning age 65. But, don't fret, you can still get excellent gap coverage for 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.....
Key Takeaways

Medicare Supplement Plan CMedicare Supplement Plan C, also called Medigap Plan C, is one of the most comprehensive of the 10 standardized supplemental Medicare plans available in most states. In fact, only Medicare Plan F offers more coverage.... and Plan F are not available to anyone qualifying for Medicare … [Read more...]

Medicare Supplement Plans for Disabled Under 65: What You Need to Know

by David Bynon, June 11, 2020

If you're under the age of 65 and you qualify for Medicare benefits due to a disability or End-Stage Renal DiseaseEnd-Stage Renal Disease (ESRD), also known as kidney failure, is a condition that causes you to need dialysis or a kidney transplant. People with ESRD are eligible for Medicare coverage regardless of age.... (ESRD), you may or may not be able to purchase 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.... plans. It all depends on where you live. However, you absolutely will once you do turn age 65.

Medicare … [Read more...]