How Much Do You Need To Retire? A 2018 Checklist

Lately, when talking with my wife, I’ve been flummoxed when talking about retirement. How much do we really need? It’s not an easy question. For most, this is a moving target every year. Health care costs are rising. The GOP is threatening to privatize Social Security and Medicare. Employers are cutting benefits. For us, it’s Read more about How Much Do You Need To Retire? A 2018 Checklist[…]

Advantages Of Using An Independent Medigap Broker

You are on the right track if you understand that with Medigap insurance plans you are required to pay a monthly premium rate for a policy.  These policies help you pay for certain health care costs that are not covered by the Original Medicare Part A and Part B such as health care if you Read more about Advantages Of Using An Independent Medigap Broker[…]

Switching from Medicare Advantage to a Medigap Plan

If you have Medicare Advantage, you know there can be many limitations. There can be many advantages to switching to a Medigap plan. By learning a bit more about this insurance coverage, you’ll better be able to determine if you should make the switch to Medigap. Comparing Medigap and Medicare Advantage Medigap is a bit Read more about Switching from Medicare Advantage to a Medigap Plan[…]

Here’s How Much Medicare Costs in 2018

The monthly premiums for Medicare can really add up. Retirees are paying more for their healthcare than ever before, and that makes knowing the costs associated with Medicare’s monthly premiums critical to retirement planning. Will these costs break your retirement budget? Here’s how much retirees are paying for Medicare health insurance plans in 2018. The steep cost of coverage A Read more about Here’s How Much Medicare Costs in 2018[…]

Which Medigap Supplemental Insurance Plan Works Best For You

Are you 65 or about to turn 65 years of age, but are unsure of which health plan works best for you? If you already have a comprehensive retiree health plan that provides additional and generous benefits, or benefits not covered by Medicare or Medigap policies, you may not need a Medigap plan. However, it Read more about Which Medigap Supplemental Insurance Plan Works Best For You[…]

Getting The Coverage You Deserve With Medicare Supplemental Insurance Plans

Medicare Supplement Insurance policy or Medigap is a private insurance policy sold by private companies to help pay for some of the high out-of-pocket care expenses that are not covered by the Original Medicare such as copayments, coinsurance, deductibles, at-home recovery, as well as foreign travel and emergency care. There are eleven standardized plans lettered Read more about Getting The Coverage You Deserve With Medicare Supplemental Insurance Plans[…]

Understanding Medigap Insurance in MI

A Medicare Supplement Insurance, often known as Medigap, is an insurance policy that private insurance companies sell to people with health insurance cover, and it helps pay a number of the health care expenses that the original Medicare is not supposed to cover. Some of these costs include deductibles, copayments, coinsurance and health care whenever Read more about Understanding Medigap Insurance in MI[…]

Is a Medigap Policy Right for You?

A Medigap plan is designed to fill in benefit gaps in Medicare coverage. While every state has a standardized Medigap plan, each of them has a different set of benefits. Fortunately, each of these plans must cover certain basic benefits, such as Medicare coinsurance and copayments. However, they don’t cover such things as long-term care, Read more about Is a Medigap Policy Right for You?[…]

What to know when considering Medigap and Medicare Advantage plans

I was wondering if you could help me out. I’m looking for supplemental insurance to go along with my Medicare. The costs are high and the deductible on some is $2,000! I’m 67, retired and on a fixed income. Any suggestions? — Paul, Chicago I turned to Kathy Lipscomb, health care advocacy consultant in Skokie, Read more about What to know when considering Medigap and Medicare Advantage plans[…]