Enrolling in Medicare Can be Complicated

Medicare has been present since the late 1960s and is administered by the US federal government. In recent years, around thirty to fifty private insurance companies all over the United States are under contract with Medicare. The United States Medicare is financed through surtaxes and premiums from beneficiaries, overall revenue, and payroll taxes. What’s so…

The post Enrolling in Medicare Can be Complicated appeared first on MedicareFAQ.

Advertisements

2018 Medicare High Deductible Plan F Changes

Recently, CMS announced the new changes to the 2018 Medicare High Deductible Plan F option. Many Medicare recipients are asking how these changes will impact their decision when choosing a plan. Below, we’ll discuss the coverage details of this Medicare Supplement plan and the changes made for 2018. 2018 Medicare High Deductible Plan F How…

The post 2018 Medicare High Deductible Plan F Changes appeared first on MedicareFAQ.

What is Medicare Part G Medicare Supplement Insurance

Medicare Part G is one of the most common plans chosen between Medicare beneficiaries. It offers all of the same benefits as Plan F. The only difference is Plan G doesn’t cover your Part B deductible. Thus, making this plan more affordable to some Medicare beneficiaries. Medicare Part G By purchasing Medicare Part G, beneficiaries…

The post What is Medicare Part G Medicare Supplement Insurance appeared first on MedicareFAQ.

What is a Medicare Supplement Insurance Plan

A Medicare Supplement insurance plan is supplemental healthcare coverage that compliments your Original Medicare benefits. It helps cover the out of pocket costs that Medicare doesn’t cover such as deductibles, coinsurance and copayments. Understanding the changing nature and complex regulations of government health care is never easy. Leaving many beneficiaries wondering what a Medicare Supplement plan…

The post What is a Medicare Supplement Insurance Plan appeared first on MedicareFAQ.

Plan F vs Plan G: Medicare Supplements (Medigap)

Plan F vs Plan G are the two Medicare Supplement plans that will cover any Medicare Part B excess charges. If you’re like most people, you want your plan to cover as many of your healthcare expenses as possible. This is why most enrollees choose the most comprehensive plan, Plan F. But another plan, Plan G, offers…

The post Plan F vs Plan G: Medicare Supplements (Medigap) appeared first on MedicareFAQ.

Michigan Medigap Subsidy: What You Need to Know

The Michigan Health Endowment Fund has come up with the Michigan Medigap Subsidy. This fund is aimed at bailing out low-income seniors within the state. At the same time, the Michigan Endowment Fund has a special focus on people living with disabilities in the state of Michigan. The subsidy pays for your supplement insurance. This is…

The post Michigan Medigap Subsidy: What You Need to Know appeared first on MedicareFAQ.

How to Compare Medicare Supplement Rates

Medicare Supplement rates tend to go up every year or so to keep up with inflation. Also because of rising healthcare costs or changes in state and federal regulations. Depending on your insurance company, you can expect to see these rate increases on your policy anniversary or around your birthday. If a rate increase feels…

The post How to Compare Medicare Supplement Rates appeared first on MedicareFAQ.

What are the Top Medicare Supplement Plans for 2017

The top Medicare Supplement plans for 2017 are Plan F, Plan G & Plan N. There’s so many important factors to consider when choosing a plan. That’s why it’s important to educate yourself prior to enrolling. Below, we’ll provide you with a plan comparison of the top Medicare Supplement plans. Top Medicare Supplement Plans for 2017…

The post What are the Top Medicare Supplement Plans for 2017 appeared first on MedicareFAQ.

Medicare Supplement Open Enrollment Dates for 2018

Medicare Supplement Open Enrollment for 2018 begin the day you turn 65 and are enrolled in Part B. About 10,000 people enroll in Medicare every day, and if enrollment is on the horizon for you, it’s a good idea to know when you can sign up, and when switching Medigap policies is permitted. We’ve assembled…

The post Medicare Supplement Open Enrollment Dates for 2018 appeared first on MedicareFAQ.

Differences Between Medicare Advantage vs Medigap

Knowing the differences between Medicare Advantage vs Medicare is crucial regarding your healthcare coverage benefits. If you’re signing up for Medicare, you must decide whether to enroll in Medicare Parts A and B with a supplemental insurance policy, or Medicare Part C. The names and letters can be confusing. It’s important to understand the differences…

The post Differences Between Medicare Advantage vs Medigap appeared first on MedicareFAQ.

How Medigap Insurance Works with Medicare

Medigap insurance works with Medicare by complimenting your Original medicare benefits. Medicare Parts A and B benefits don’t cover all your health care costs. Like many insurance policies, traditional Medicare has deductibles and co-pays. Even after your deductible is met, Medicare only pays 80% of your medical expenses. Leaving you responsible for the other 20%.…

The post How Medigap Insurance Works with Medicare appeared first on MedicareFAQ.

How to Compare Medigap Insurance Plans

You should always compare Medigap insurance plans when researching your Medicare options. The best way to compare them is by doing your due diligence. If you’re enrolled in Medicare Parts A and B, you’re also eligible to purchase supplemental Medicare coverage for the expenses that Original Medicare doesn’t cover. The government has authorized 10 standard…

The post How to Compare Medigap Insurance Plans appeared first on MedicareFAQ.

When Can I Change My Medicare Supplement Plan

If you’re thinking of changing Medicare Supplement plans, there’s a few things you should know first. Those enrolled may be thinking of changing to a different plan to reduce the monthly premiums or take advantage of different benefits. You can always change your plan. Recipients are never locked in for a particular amount of time.…

The post When Can I Change My Medicare Supplement Plan appeared first on MedicareFAQ.

What are the Best Medicare Supplement Plans

The best Medicare Supplement plans are unique to each individual Medicare recipient. The best plan for you may not be the best plan for another beneficiary. Understanding how Medicare works will help guide you in the right direction to find what Medicare Supplement plan is best for you. If you’re preparing to join the 57…

The post What are the Best Medicare Supplement Plans appeared first on MedicareFAQ.

What are the Best Florida Medicare Supplement Plans for 2018

Florida Medicare Supplement Plans, also known as Medigap insurance, helps pay for health care expenses that are not covered by Original Medicare. Some of these expenses include deductibles, co-payments, and coinsurance. Some Medicare gap plans may also offer to cover services not covered by the Original Medicare such as medical care in case you travel outside…

The post What are the Best Florida Medicare Supplement Plans for 2018 appeared first on MedicareFAQ.

What Seniors Don’t Know About Medicare

Almost everybody understands that you can get Medicare when you turn 65, but many people don’t know much more about the government-sponsored health insurance program. You may have had Medicare coverage for a few years now and still not really understand how it works. It’s no wonder. With four parts (A,B,C and D) and two…

The post What Seniors Don’t Know About Medicare appeared first on MedicareFAQ.

Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings

It doesn’t matter whether you’re 35, or 55, retirement should be an important consideration in your search for financial freedom. At the end of the day, it’s easy to put off the idea of retirement as something you can think about “later”, when you’re still young. However, the truth is that everyone’s going to face…

The post Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings appeared first on MedicareFAQ.

Special Enrollment Period for People Impacted by Hurricane Harvey, Irma, or Maria

Were you impacted or do you know someone who might have been impacted by the Harvey, Irma, or Maria hurricanes? Finally, there is some good news for them. The Centre for Medicare & Medicaid Services (CMS) has extended the period for enrollment into healthcare plans to 31 December 2017. This extension will ensure that the…

The post Special Enrollment Period for People Impacted by Hurricane Harvey, Irma, or Maria appeared first on MedicareFAQ.

Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings

It doesn’t matter whether you’re 35, or 55, retirement should be an important consideration in your search for financial freedom. At the end of the day, it’s easy to put off the idea of retirement as something you can think about “later”, when you’re still young. However, the truth is that everyone’s going to face…

The post Are You Prepared? 6 Powerful Ways to Maximize Retirement Savings appeared first on MedicareFAQ.