If you are nearing eligibility, it may be helpful to have Medicare explained.
Here is what Original Medicare (Parts A and B) is for as well as a few Medicare insurance plans that you may find necessary to add.
Cancer plans are insurance policies that supplement your current health plan to help cover the cost of hospital stays, chemotherapy, and other types of cancer treatment.
Medicare Supplements, also known as Medigap, are insurance policies that help you pay the coinsurance and copayments Original Medicare requires of you.
There are 10 plans lettered A through N that each cover a different percentage of your out-of-pocket costs associated with Medicare.
Medicare Advantage plans, also known as Medicare Part C, are insurance plans that take over for your Medicare Part A and Part B coverage while providing additional benefits you would not receive through Medicare alone.
Medicare Part D is an insurance plan that helps pay for your prescription medication.
Original Medicare does not come with this kind of coverage. You’ll have to purchase a standalone plan or receive it through a Medicare Advantage plan.
Not sure what Medicare insurance you would need and would like to compare options?
Our licensed Medicare insurance agents can help you do that while educating you on what is available in your area.
We have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
Medicare Part A and Part B don’t pay for all your healthcare needs, which can leave you on the hook for out of pocket costs. Fortunately, Medicare Supplements, also known as Medigap, are sold through private insurance companies that contract with the Medicare program, which helps fill the gaps in Original Medicare plans. Medigap plans …
Which Medicare Supplements Have the Most Comprehensive Coverage Read More »
Shopping for the right Medicare Advantage (MA) plans doesn’t have to be complicated. Most people mainly choose between PPOs (Preferred Provider Organizations) and HMOs (Health Maintenance Organizations). We will help clarify what Preferred Provider Organizations are and help you establish whether this is the right plan for you. What is a Medicare PPO (Preferred Provider …
The process of enrolling in Medicare can be tricky, but thankfully most people are automatically enrolled in Medicare when they turn 65. This is because many beneficiaries meet the enrollment requirements to receive Medicare Part A automatically and qualify for premium-free Part A. While some beneficiaries are also automatically enrolled in Medicare Part B, several …
Medicare is a federal government health insurance program that covers several different aspects of healthcare. The program consists of four parts, including Original Medicare (Medicare Part A and Part B). Medicare Part A is hospital insurance that covers room charges, nursing services, diagnostic services, meals, and rehab therapy administered by a skilled nursing facility or …
Medigap (Medicare Supplement) plans are a great way to cover the lapses in Medicare Part A and Part B. However, the application process for enrolling can be complex, and the most challenging part for many people is answering the questions. This part is known as medical underwriting. Medicare Supplement underwriting is usually needed when you …
Do I Have to Go Through Medical Underwriting With Medicare? Read More »
Medicare has several enrollment periods during which a beneficiary can enroll, cancel, or change their Medicare coverage. When you sign up outside of these enrollment windows, a late enrollment penalty may be applied by Medicare. CMS aims to prevent Medicare beneficiaries from signing up late to have their health coverage when required. Medicare usually penalizes …
Eligibility for Medicare starts at the age of 65. Some people who are still actively working even after turning 65 may also have employer’s insurance. Due to this, you can have both Medicare and employer’s insurance after age 65. For these people, employer insurance and Medicare can work together to ensure that your healthcare costs …
How Does Employer’s Insurance Work with Medicare? Read More »
Medicare Part D is a part of Medicare that provides you with access to prescription drugs. This plan is offered by Medicare-approved private insurance companies. The plan also provides insurance against the cost of catastrophic drugs. The cost of Medicare Part D mostly depends on the prescription drug plan the beneficiary chooses and whether they …
As people sign up for Medicare, many beneficiaries forget to make a note of the insurance program limitations. While Original Medicare helps pay for medically necessary care, it is a different story when it comes to covering dental, vision, and hearing procedures. Vision, dental, and hearing care are not viewed as necessary, medically. Original Medicare …
How to Get Dental, Vision, & Hearing Coverage with Medicare Read More »
Medicare Advantage (MA) is a common option for Medicare beneficiaries who want all their Medicare coverage options under one policy. There are several types of MA plan options, including the Preferred Provider Organization (PPO) plans and Health Maintenance Organization (HMO) plans. In this post, we’ll explore the differences between Medicare Advantage HMO vs. PPO plans. …
What is the Difference Between HMO and PPO Medicare Plans? Read More »
