When choosing Medicare Supplement Plans, one big question many people have is “how do I choose the right Medigap insurance carrier?” Luckily, there are specific laws that Medicare Supplement insurance plans must follow that make this choice a bit easier! Whether choosing Medigap Plan G, Medigap Plan N, or a high deductible plan, there are some safeguards in place, as well as factors to consider, which are reviewed in this episode.
Tuesday, September 15, 2020
Medicare Costs 2020
The Medicare Part B premium and deductible goes up a little each year. The 2020 costs for Medicare go into effect on January 1st, 2020. The cost of living adjustment for Social Security increased as well, but is basically eaten up by the Medicare cost increase!
Monday, September 14, 2020
Medicare Part D - Drug Plans
Medicare Part D is the prescription drug plan component of Medicare. Whether you have Original Medicare with a Medicare Supplement plan, or a Medicare Advantage Plan, it is important to understand how Medicare Part D plans work. This episode reviews Medicare Part D enrollment.
Medicare Open Enrollment
The Medicare Open Enrollment period is a period once a year when Medicare enrollees can make changes to their current Medicare coverage. This time period effects some, but not everyone enrolled in Medicare. This episode reviews when the Medicare Annual Election Period is, and what changes you can make to your Medicare coverage, including Medicare Supplement plans, Medicare Advantage plans, and Medicare Part D plan.
Sunday, September 13, 2020
Medicare Eligibility
Most people first become eligible for Medicare Part A and Part B enrollment at age 65. Turning 65, however, is not the only time you are Medicare eligible. Often, you can enroll into Medicare Part A and Medicare Part B before you are 65, when you turn 65, or when you are older than 65 and begin retirement. This episode reviews when you are eligible to apply for Medicare.
Medicare Supplement Plans F vs G vs N
When looking at Medicare Supplement plans, you have a few options! The most popular Medigap plans are Medicare Supplement Plan F, Medicare Supplement Plan G, and Medicare Supplement Plan N. This episode reviews the different coverage levels of these MediGap plans and when to choose each one to supplement your Medicare Part A and Medicare Part B coverage.
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