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.
Better Coverage for Seniors Medigap plans are supplemental policies that help cover the cost of co-payments, deductibles, and other out-of-pocket expenses not covered by Original Medicare. However, not all Medigap policies are created equal. Some Medigap plans have a guaranteed issue rule that requires Medigap companies to offer a Medigap plan to anyone who applies. …
7 States with Extra Medigap Guaranteed Issue Rules Read More »
As you approach Medicare, it’s normal to have many questions. One of the most common is “Am I automatically enrolled in Medicare?” You know Medicare will be good coverage for you, you just want to make sure you get it on time. So, will you be enrolled automatically? The short answer is “maybe.” Let’s review …
Cell Phones are a necessary part of our world. This change has been relatively recent in the grand scheme of things, but there is no doubt that the technological explosion has left many people with a misconception that operating technology efficiently requires a college degree. This is a disillusion that I can dispel as someone …
Your Medicare card will be given to you after enrolling in the program. It serves as proof that you are enrolled in Medicare. You’ll need to take this card along with you every time you visit a healthcare provider or facility, as it lets them know the type of Medicare coverage you have and the …
Medicare Part A is known as Medicare’s hospital insurance. It covers inpatient healthcare services such as skilled nursing facility care, hospice care, and certain home healthcare services. If you are enrolled in Part A, there is something called the Part A benefit period, which you should know about when you first decide to enroll in …
Medicare is a health insurance package that helps to cover the cost of approved medical and hospital services. The program is open to people aged 65 or older, people diagnosed with end-stage renal disease or amyotrophic lateral sclerosis, and people who receive disability benefits from Social Security or the Railroad Retirement Board. However, there are …
Medicare is a federal program created to cover various healthcare services such as hospice care, skilled nursing facility care, durable medical equipment, preventive screenings, etc. Though Medicare helps to cover important medical and hospital costs, this coverage isn’t exactly free. To keep your Medicare coverage, you must cover certain costs such as premiums, copays, deductibles, …
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 …
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 …
Do Medicare Supplements Provide Coverage When I Travel? Read More »
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 …
Does Medicare Advantage Have In-Network Providers? Read More »
