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...]
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.
Medicare Mistake #4: Joining a Medicare Advantage Plan at Age 65 if You Have Chronic Health Conditions
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
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.... does not cover routine … [Read more...]
Medicare Mistake #3: Not Signing Up for Medicare If You Have Retiree, COBRA, or Other Health Coverage
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...]
Are Medicare Supplement Plans Worth It?
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 article, we'll explain why.
Key Takeaways
There are no … [Read more...]
Medicare Advantage vs Medigap: Which is Best for You?
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?
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 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 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...]
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 Medicare. 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 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.... 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...]