Senior couple in garden

7 States with Extra Medigap Guaranteed Issue Rules

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. …

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What Can I Do If I Can’t Afford Medicare?

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, …

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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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