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...]
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.
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...]
Medicare Advantage vs Medigap: Which is Best for You?
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...]
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 a Medicare Supplement Plan… And Why Do I Need One?
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 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.... 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?
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?
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
If you're under the age of 65 and you qualify for Medicare benefits due to a disability or End-Stage Renal Disease (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...]
Medicare Supplement Plans with No Premiums: What’s the Scoop?
Medicare supplementsMedicare 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...., also called Medigap plans, are supplemental insurance policies for people with 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..... Unlike 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)...., which completely replace your traditional Medicare benefits, no insurance companies offer Medigap plans with no 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. .... Here's why.
Original … [Read more...]
Is Medicare Plan G Better than Plan F? It All Depends on What You Value Most.
The 2010s are behind us and with the new decade comes a big change in Medicare. As of 1 January 2020, Medicare 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 getting their Medicare benefits for the first time. In other words, if you're not age 65+ before 2020, Medicare Plan F isn't for you.
Medicare Plan … [Read more...]