Common Medicare Insurance Pitfalls to Avoid
Posted: April 21, 2022
You are eligible for Medicare and have probably been looking forward to the lower cost of health insurance. If you are nearing age 65, you need to be aware of the common pitfalls that many eligible people have experienced: You did not sign up during your initial enrollment period. You have a seven-month period to sign up for Medicare, running from three months before your...
Medicare Advantage vs. Medicare Supplemental Insurance
Posted: April 6, 2022
If you are eligible for Medicare, it is time to decide what plan to choose – which can be surprisingly difficult. To better understand the difference between a Medicare Advantage Plan and Medicare Supplemental Insurance, you need to know what each plan does (and does not) offer. Medicare Advantage Plans Medicare Advantage Plans combine Medicare Part A (hospital coverage) and Medicare Part B (medical coverage)...
Can I Switch to a Different Medigap Policy?
Posted: March 21, 2022
If you have Medigap insurance (Medicare Supplemental Insurance), you may be considering switching or canceling your policy. Under certain circumstances, you have the right to switch to another policy. If you are within the six-month open enrollment period, you can switch policies, or you could be eligible due to a specific circumstance. Some of the reasons people consider switching Medigap policies include: You would like...
How Medicare Supplemental Insurance Saves You Money
Posted: March 6, 2022
Medical Supplemental Insurance, which is also called “Medigap insurance,” covers the coinsurance and copay costs that are paid out-of-pocket with Original Medicare. Original Medicare covers Medicare Part A and Part B (inpatient hospital costs and outpatient medical costs). While you are now covered for the medical and hospital care you need, you will pay a portion of the cost yourself, including copays, coinsurance, and deductibles....
Can I Be Denied a Medicare Supplement Plan?
Posted: February 21, 2022
Whether you can be denied supplemental insurance for Medicare depends on when you apply for the coverage. Timing is crucial if you want to enroll in a Medicare Supplement plan without penalties. The process is simple if you beat the clock. When you turn 65, age into Medicare, and sign up for Part B coverage, you cannot be denied Medicare supplemental insurance for the following...