Medicare is a federal health insurance program that provides coverage for people who are 65 years old or older, as well as those with certain disabilities or chronic conditions. While Medicare covers many healthcare costs, there are often gaps in coverage, leaving beneficiaries with out-of-pocket expenses. That’s where Medicare supplement plans, also known as Medigap, […]
The Original Medicare benefits are a great start. They give people tremendous freedom of choice however, there are some major gaps in those benefits. Medicare doesn’t pay for everything. Usually people will add on Supplemental/MediGap plans to help pay for those gaps in Medicare. These Supplement plans are offered by private insurance companies and the […]
The other day I had a meeting with a new couple looking to come off their employer insurance and go onto Medicare. Going into the meeting, one of the two had the idea that they will just enroll into Original Medicare which is made up by Part A (Hospital) and Part B (Medical) without adding […]
Here in the state of California we actually have what’s called the Birthday Rule for Medicare Supplement policies. What the Birthday Rule states is that you can switch your Medicare Supplement plan like to like or you can also switch plans if you are downgrading Supplemental plans. Medicare Supplement plans are standardized by the government […]
There are four things that we take into consideration when choosing a Medicare Supplement/Medigap Insurance Company: 1. Price – Each company is free to charge different prices for their plans even though Medicare Supplement plans have standardized coverages. That means a Plan F from ABC Company has the exact same coverages as the Plan F […]
There is a rule of thumb that you can use when trying to figure out what services are going to be covered by your Medicare Supplement/Medigap plan. The rule of thumb goes, if Medicare covers the service, the Medigap plan will cover the service. If Medicare does not cover the service then usually the Medigap […]