Month: August 2021

There are a number of Medicare terms that everyone should know if they are policy holders or are about to be. We have listed the more common ones below.Appeal - a formal complaint that an individual files if certain drugs and services are not covered by their particular Medicare plan when they feel that they should be.Co-pay - the portion of any medical services and/or prescription medications that you are responsible for paying.Deductible - the amount of money that must be paid by the insured for medical care before Medicare covers any such expenses.Doughnut hole - the coverage gap found in some Medicare drug plans (scheduled to close in 2020).Dual eligibility - refers to being eligible for both Medicaid and Medicare.Enrollment period - the limited time period that an individual can enrol...

When selecting the right Medigap policy, one of the most important considerations is the Medigap insurance rates of each and every plan that you consider. In a perfect would, we would love to have the best coverage for the lowest price possible, but in real life we all know this is not going to happen. The most diligent prospective policy owner is therefore left with the task to compare different plans and different rates in order to come up with the best plan that suits their needs and budget.Thankfully, comparing Medigap policies and the corresponding insurance rates is not as difficult as, say, comparing Medicare Advantage plans. The reason for this lies in the fact that all Medigap plans with the same name offer exactly the same coverage regardless of the company that sells it. In esse...