Medicare Supplements

In recent times, many of us have noticed a steady rise in Medigap premiums. Ever wondered why? This uptick is largely attributed to escalating healthcare costs and the longer-lasting impacts of the COVID-19 pandemic. During the pandemic, numerous elective procedures such as knee and hip replacements were delayed, leading to a backlog in services. As…

Introduction Overview of Medicare Supplement Plans Medicare supplement plans, often called Medigap, offer crucial coverage that fills the gaps in Original Medicare plans. These plans help cover additional costs such as copayments, Coinsurance, and deductibles. For many retirees, these supplemental policies are lifelines, providing financial relief amidst rising healthcare expenses. Importance of Medicare Supplement Plan…

The Problem with Traditional Medicare Medicare is a great healthcare option for seniors. However, it often leaves gaps in coverage. This can leave you responsible for out-of-pocket expenses. This creates a financial burden that can be challenging, especially those on fixed incomes. Traditional Medicare plans typically come with high deductibles, which can leave beneficiaries vulnerable…

Attained Age vs Issue Age vs Community Rated Medigap Plans Do you have an idea of how insurance companies price their Medigap plans? Are you wondering how these companies will charge you for your plan?  How a company prices their policies will determine how much you end up paying for coverage.  Insurance companies have several…

Is Medicare Plan F going away? Yes, but it’s not going away for everyone. Have you been hearing rumors that Medicare Supplement Plan F (also known as Medigap Plan F) is going away? It’s true,  but not for all Medicare beneficiaries. Anyone who currently has Medigap Plan F (or Hi-Deductible Plan F) will be allowed…

Comparing Medicare Supplement Plan G vs Plan N Are you new to Medicare? Have you heard about the many plans available to purchase? Deciding which plan is right for you can be stressful. Don’t worry — you’re not alone. The good news is that Plan N and Plan G are two of the most popular plans (also known as Medigap plans). These plans…