The best way for individuals who have Medicare coverage to ensure that you receive the best value possible is to compare the different plans prior to switching during the 2014 AEP or Annual Enrollment Period. There are four parts of Medicare Insurance Plans which includes Parts A, B, C/Medicare Advantage, and D. The AEP does… Continue reading Understanding The Medicare AEP Or Annual Enrollment Period
Medigap insurance: Calling it what it is When you first become eligible for Medicare you should be excited and relieved that you can have some credible health insurance that won’t break the bank. But Medicare isn’t free and a share of the cost for Medicare-covered services is your responsibility. To help control some of those… Continue reading Is Medigap Insurance The Same As A Medicare Supplement?
For those individuals who are not familiar with “Medigap” insurance, this is a Medicare supplement insurance offered by private carriers. This insurance helps individuals cover some of the health care costs that Medicare does not such as co-insurance, co-payments, and deductibles. On an important side note and to avoid any confusion, Medicare supplement and Medigap… Continue reading A Brief Guide To Understanding Medigap Insurance
Should you keep your Medicare supplement Plan J or compare other plans? Oftentimes referred to as Medigap Supplement Plan J, Medicare Supplement Plan J covers certain costs that are not covered in basic Medicare benefits coverage. Unfortunately, Plan J is no longer available (effective May 31, 2010). However, the plan will remain in effect for… Continue reading What You Need To Know About Medicare Supplement Plan J
Should you enroll in a Medicare Advantage Plan? You’re eligible for Medicare. Now what? You have some choices to make. Insuring with Medicare by itself is one option, but you will be subject to some potentially high unpredictable costs. Or you could buy a Medicare supplement, if affordable. Your third option is to enroll in… Continue reading Who Should Enroll In A Medicare Advantage Plan?
Are there really free Medicare Advantage Plans? Everybody like free. But what if free isn’t really free at all? We all know the meaning of free: that which has no cost. But what about Medicare Advantage Plans? Is a plan with a $0 premium free? To get to the bottom of these questions we need… Continue reading Free Medicare Advantage Plans – The Real Story
The importance of Medigap comparison prior to selecting the right supplemental medical insurance for you or someone in your family cannot be overstated. With medical costs going through the roof in the last few years, it is very important to find a plan that suits your needs at a competitive price. The make-or-break moment happens… Continue reading Medigap Comparison
What is a Medicare HMO? A Medicare HMO is a Medicare Advantage Plan with a Health maintenance Organization as the provider network. Most Advantage Plans are network-based but not all work the same way. When enrolled in a Medicare HMO you must abide by the rules set by the plan. There are two things that… Continue reading Medicare HMO – What You Don’t Know Could Hurt You
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… Continue reading Definitions Of The Most Common Medicare Terms
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.… Continue reading Medigap Insurance Rates