Month: June 2021

Will My Medicare Premiums Increase Each Year?

Medicare costs typically include deductibles, copays, coinsurance, and premiums.  Your Medicare premiums usually do increase each year. Every year, premiums, deductibles, and coinsurance costs are adjusted based on the Social Security Act.  For example, the standard monthly premium for Medicare Part B in 2020 was $144.60, and in 2021 it is $148.50. The annual deductible …

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Do Medicare Supplements Provide Coverage When I Travel?

Medicare Supplement Plans, also called Medigap, are plans sold by private insurance companies to help provide coverage for costs that aren’t covered by Original Medicare, like copayments, coinsurance, and deductibles. What Do Medicare Supplements Cover? Every Medicare Supplement plan covers the same basic benefits, including Part A coinsurance and hospital costs, full or part of …

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Does Medicare Advantage Have In-Network Providers?

Medicare Advantage plans are an “all in one” bundled alternative to Original Medicare. They are also called Medicare Part C or MA Plans, and they are offered by Medicare-approved private insurance companies that must follow Medicare’s rules. With Medicare Advantage plans, you often get more coverage than just Medicare Part A and Part B, such …

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Does Medicare Advantage Cover Prescription Drugs?

Medicare Advantage plans are another way to get your Original Medicare coverage. Also called Medicare Part C or MA Plans, Medicare Advantage plans are offered by Medicare-approved private insurance companies that are required to follow Medicare’s rules. You’ll get bundled coverage and often more coverage than just Original Medicare.  Usually, you’ll need to use health …

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