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...]
Blog Topics Related to Original Medicare
On this page, you will find articles related to Medicare prescription drug plans (Medicare Part D).
Medicare Mistake #8: Not Reviewing and Understanding Your Coverage
In Medicare Mistake #5 we talked about why the best plan for your spouse or friend might not be the best plan for you. In this Medicare Mistakes article, we'll address the importance of reviewing and understanding your coverage to make sure you're actually getting what you need.
Key Takeaways … [Read more...]
Medicare Mistake #5: Getting the Same Medicare Plan as Your Spouse
Medicare health insurance is a very personal product. And, other than a household discount from some 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.... companies, there are no discounts for choosing the same plan as your spouse. In this, the fifth article in our Medicare Mistakes Series, we'll cover why buying the same coverage … [Read more...]
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 #1: Thinking It’s Free!
Many people mistakenly believe that Medicare is free for retirees and people with disabilities. After all, during all of the years that we work we paid Medicare taxes, right? So, why isn't it free? 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 how much Medicare costs and what you can do to … [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...]
How Does Medicare Advantage Work?
If you have ever had a Health Maintenance Organization (HMO) plan or a Preferred Provider Organization (PPO) plan through an employer or the Healthcare Exchange, you already have a pretty good idea about how 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).... work. 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 you need to … [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 Star Ratings: What They Mean & How to Use Them
Have you ever wondered what the Centers for Medicare and MedicaidMedicaid is a public health insurance program that provides health care coverage to low-income families and individuals in the United States.... Services (CMS) star ratings mean and how to use them to choose a health 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 what you need to know and explain how we use the CMS 5-star rating system to help you choose a plan with the … [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 are Air-Fluidized Beds and Who Needs One?
Anyone that has spent more than a week or two sick or injured in bed knows just how uncomfortable being bedridden can be. Fortunately, there are solutions for patients that need bed sore relief, including air-fluidized beds.
Air fluidized beds are therapy beds that provide an ideal healing … [Read more...]