Medicare supplement plans are a great alternative to having a long-term health insurance plan. Many individuals do not have enough money to pay for health insurance, so they decide to get the insurance through the government’s Medicare program.
It’s important to understand that Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. Here’s a closer look at what isn’t covered by Medicare, plus information about supplemental insurance policies and strategies that can help cover the additional costs, so you don’t end up with unexpected medical bills in retirement.
Are you confused and overwhelmed by Medicare??
Worried about making the wrong decision and being stuck with a plan that doesn’t cover your medical and prescription needs when you need it most?
Don’t worry! You are not alone. The vast majority of seniors who are on Medicare have absolutely no idea which type of plan they have, and what it does and does not cover.
Getting health coverage is one of the most important parts of aging. Often times, especially when we are in good health, we may neglect the importance of getting this coverage. However, with potential unforeseen medical expenses looming, this is a crucial time to make sure you are completely covered. Unfortunately, Medicare does not cover all of your Medical expenses at 100%.
If you’re nearing age 65, you’re probably considering your Medicare enrollment options. The standard coverage beneficiaries receive is Medicare Parts A and B, known as Original Medicare. Part A includes coverage for hospitals, skilled nursing facilities, and hospice care while Part B includes doctor visits, outpatient therapy, ambulances, and medical equipment.
If you’ve recently enrolled in Original Medicare, congratulations! Now is a good time to learn about the different parts of Medicare, so you can understand what your benefits include and decide if you want to sign up for additional coverage.
Are you retired, or thinking about retirement, and wondering if you need a Medicare Supplement insurance plan? The answer involves a look at your personal circumstances and a little educated guesswork into the future. It might seem scary, trying to figure out what kind of Medicare and related insurance you need when you retire – but you can generally make …
Here’s how to ensure that you get every cent in benefits you’re entitled to. The benefits of Social Security are readily apparent for seniors. Each and every month, for those who qualify and have filed for benefits, the program pays an average of $1,350 to retired workers. This is a tangible and dependable benefit payment that a majority of today’s …
First, let’s answer the question, what is a Medicare Supplement (Medigap) plan. Original Medicare (Part A and Part B) is the basic Medicare benefit package granted to eligible individuals when they turn 65 or enter their 25th month of receiving disability benefits. Original Medicare provides broad coverage of many hospital and medical expenses. But Medicare comes with out-of-pocket costs such …