Medicare Supplement plans cover some of the healthcare costs Original Medicare leaves behind. These plans fill your coverage gaps, including copayments, deductibles, and coinsurance. As a result, when you have a Medicare Supplement (Medigap) plan, you will have little-to-no out-of-pocket costs for Medicare-covered services and equipment.
Medicare coverage starts based on when you sign up and which sign-up period you’re in.
Generally, when you turn 65. This is called your Initial Enrollment Period. It lasts for 7 months, starting 3 months before you turn 65, and ending 3 months after the month you turn 65.
When choosing a Medicare Supplement plan, it is essential to be informed about your options. An uninformed choice could lead to future financial woes and roadblocks between you and the best coverage for your needs.
Preventive services are important for everyone, especially for older adults. This is because your risk for health problems increases as you age. By preventing problems, or identifying them early, you are more likely to live a longer, healthier, and more satisfying life.
Heading into retirement brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll in Medicare and which parts to enroll in can be daunting even for the savviest retirees. To help you wade into the waters of this complicated federal health insurance program for retirement-age Americans, here are 11 essential things you must know about Medicare.
As you age, you may find that you have a harder time shedding those unwanted pounds than you did when you were younger. Seniors do face some added challenges when it comes to losing weight, but it’s definitely not impossible — just make sure you keep these five tips in mind:
A Medicare insurance broker can be extremely helpful for a new beneficiary, because they are an independent insurance agent who is licensed to sell Medicare plans on behalf of a number of different insurance companies. This means that they can help you compare plans from multiple insurance carriers so that you can more easily consider what each plan covers, how much it costs and how well it fits your needs.
The internet has made it convenient and easier to access services and socialize with people. However, it is also populated with scammers out to swindle unsuspecting users of their money. There are also a lot of cyberbullies and stalkers that can make your online experience uncomfortable. Some could even infringe on your actual life should they get your residential details.
Adding a Medigap supplement insurance policy to your Original Medicare coverage can help reduce your out-of-pocket costs, including deductibles and copays. Medigap policies are voluntary and have monthly premiums.
As we age, our mental health needs also change. Aging brings with it a new phase of life with its own unique challenges and trials. That can often lead us to feel burdened, stressed and at times helpless. As many as 1 in 5 elderly people have mental health concerns that are serious enough to require intervention. Many elderly need assistance and support in coping. However, there is always help available. Seeking the right help at the right time can make a world of a difference in ensuring future comfort.
