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Articles, guides and FAQs on Medicare plans, such as Medigap, Medicare Advantage and Prescription Drug Plans
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Navigating Medicare can be complex, especially when it comes to supplemental coverage. If you’re looking for a way to ensure you can get a Medicare Supplement plan without medical underwriting, understanding your guaranteed issue rights is crucial. This article breaks down everything you need to know, from what it is to how you can qualify.…
Medicare provides adults over 65 and people with certain disabilities with affordable hospital and medical health insurance. While Medicare covers a fair amount, it doesn’t cover everything. Medicare Supplement Insurance — also known as Medigap — covers the extra out-of-pocket costs so you can get the healthcare you need. For adults considering early retirement or…
As you get older or your healthcare needs evolve, you need insurance that will give you the best coverage possible. Medicare offers great hospital, medical, and prescription coverage for adults over 65 and those with disabilities. However, out-of-pocket costs can add up quickly, leaving you to find extra money to get the care you deserve.…
Medicare Part D is designed to help you afford the prescription medications you need — and it can make a big difference in managing your healthcare costs. Understanding the rules, regulations, and coverage details of Part D can help you take advantage of your plan as much as possible. Here’s what you need to know…
When it comes to Medicare, Part D — prescription drug coverage — can be one of the most important but most confusing pieces of the puzzle. With tons of plans, varying costs, and differing coverage, it can be overwhelming to understand your options, let alone know which will work for your needs. That’s where this…
Medigap, also known as Medicare Supplement Insurance, provides valuable coverage for out-of-pocket costs that Original Medicare doesn’t cover, such as deductibles, copayments, and coinsurance. While Medigap plans offer peace of mind and predictable coverage, it’s essential to be aware that you may see a Medigap premium increase over time. Why Did My Medigap Premium Increase?…
Key takeaways Some of the most significant changes to Medicare Part D began in 2024, including drug price negotiations and the elimination of the 5% coinsurance during the catastrophic coverage phase. However, in 2025, the out-of-pocket maximum for prescription drug plans will be capped at $2,000 and the Centers for Medicare & Medicaid Services (CMS)…
Key Takeaways Beginning in 2024, new Medicare Part D changes went into effect. The 5% coinsurance requirement for Part D beneficiaries in catastrophic coverage was removed; this essentially caps out-of-pocket spending at around $3,300 for 2024. In 2025, a new $2,000 out-of-pocket spending limit begins for Part D beneficiaries These changes may result in an…
Finding the right Medigap plan is a matter of comparison based on the benefits you need (and want), and what you can afford. In most cases, the main difference between plans of the same letter sold by different insurance companies is the cost. With an understanding of what’s available in your area and what is…
Discover the available Medicare Supplement Insurance plans in 2024 and stay informed about the latest updates. Understand the differences between plan types and make an informed choice. Prepare for rising healthcare costs with comprehensive coverage.
