A key concern among many of those who seek supplemental healthcare coverage on top of that which Medicare provides is “How much is the cost of Medigap?” Researching for the exact coverage provided by each of the Medigap policies is easy as these are standardized via law to be the same regardless of the state… Continue reading Cost of Medigap Plans
Medigap is Medicare supplemental insurance provided by private insurance companies. There are about 10 Medigap plans numbered from A through N which have been standardized by CMS (Centers for Medicare and Medicaid). Even though these plans are standardized, the Medigap rates will vary from private insurance company to private insurance company. Medigap rates are the… Continue reading Medigap Rates
Just about everyone, at some point in their lives, is going to need to purchase some type of insurance, whether it is Medicare supplement, health, long-term care, or life insurance. When you are just starting to shop for any of these, the process can be very tedious considering that you have to wade through all… Continue reading The Benefits Of Dealing With Independent Insurance Agents
Many of those reaching the age of retirement begin getting concerned as to whether or not they should enroll in a Medgap plan to supplement their coming medicare coverage. In this writer’s opinion the answer is a very strong – Yes, of course you should. Medigap enrollment is important in a number of ways, but… Continue reading Medigap Enrollment
Although Medigap plans are standardized across the country, the Medigap cost structure is not. There can be wide differences in the prices for the same coverage plan. This is because each insurance company decides on the pricing structures for its various policies. Generally these are the main categories of policies: 1. Attained-age policies: With these… Continue reading Looking at Medigap Cost
Should you buy a Medicare supplement? You’ve probably heard that when you become Medicare-eligible you should get some type of Medicare plan. The risk of getting your health insurance coverage from Medicare alone is just too great. Unpredictable out-of-pocket costs could crush your budget. There are several reasons why you may want to buy supplemental… Continue reading Who Should Buy A Medicare Supplement?
Start here if you are new to Medicare If you are newly eligible for Medicare or if you have Medicare and your employer group health insurance is ending, you may be anxious to buy a Medicare supplement or enroll in a Medicare Advantage Plan. But before you do, consider finding a trustworthy agent who is… Continue reading New To Medicare? Find An Insurance Agent You Can Trust
Medicare supplements: Plan F vs Plan G You’re ready to buy a Medicare supplement and you want the most bang for your buck. You’ve heard that Medicare supplement Plan F is the most comprehensive but have you looked into Plan G? Medicare supplement Plan G is not as popular as Plan F but it deserves… Continue reading Medicare Supplement Plan F Or Medicare Supplement Plan G: Which Is Better?
Medicare Advantage provider networks are not created equal One of the biggest factors that can affect how you use your Medicare Advantage Plan and receive benefits is the plan’s provider network. Many people make a common mistake about their plan’s provider network: They only check to see if their providers are included. But there’s a… Continue reading Medicare Advantage Provider Networks – Which Type Is Best?
The Medicare Donut Hole is the gap between the initially covered limit for the prescription drugs and the minimum threshold for the catastrophic coverage. This means is that once you exceed the prescription medication coverage limit you must finance the entire cost of the medicines until your expenses reach the catastrophic coverage level. The limits… Continue reading Medicare Donut Hole