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?[…]

Covering the Bases: What to do when your Medicare Advantage plan will no longer be offered

I just received notice that my Medicare Advantage plan will no longer be offered for 2018. What do I need to do? If you have received notice that your Medicare Advantage plan is longer offering coverage in your area you have two options: return to Original Medicare, or select another Medicare Advantage plan. Technically, you Read more about Covering the Bases: What to do when your Medicare Advantage plan will no longer be offered[…]

Medicare supplement options for seniors

It’s not too early to begin reviewing your Medicare insurance coverage choices. Medicare Supplement Insurance, or Medigap, helps seniors pay Medicare deductibles, copays and coinsurance that Medicare doesn’t cover. You must have a Medicare Part A and Part B to purchase Medicare Supplement Insurance. If you have a Medicare Advantage Plan, you can apply for Read more about Medicare supplement options for seniors[…]

Health insurance options for Michigan Medicare users

The four parts of Medicare – Parts A, B, C, and D – can sometimes seem like a confusing alphabet soup. Even after decoding what costs are covered under each option, which is right for you? Will government-funded, “Original Medicare” really be enough to meet your needs, or should you protect yourself with additional coverage? Read more about Health insurance options for Michigan Medicare users[…]

The Medigap Conundrum If You Take a Job in Retirement

At 65, you retire, dutifully sign up for Medicare Parts A, B and D and select a Medicare supplement (medigap) policy to help cover your out-of-pocket costs. It’s not cheap, but you’re confident you have the insurance you need. Then you decide to go back to work. Maybe you need the money. Maybe a company Read more about The Medigap Conundrum If You Take a Job in Retirement[…]

Medicare Guide 2017: 10 reasons why a Medigap plan might be right for you

Most of The Oregonian/OregonLive’s 2017 Medicare Guide focuses on Medicare Advantage plans and the upcoming open enrollment period. But this option might not be best for you. Depending on your health needs, your travel habits, where you live and your current plan’s status, you might want to consider Medigap – slang for Medicare supplement plan Read more about Medicare Guide 2017: 10 reasons why a Medigap plan might be right for you[…]

How Much Will You Spend on Health Care in Retirement?

[ANSWER]Even though Medicare covers the bulk of your health care costs after you turn 65, you may still have a lot of out-of-pocket expenses. A recent study by Fidelity Investments estimates that the average 65-year-old couple retiring this year will need $275,000 to pay medical expenses during retirement. That includes Medicare premiums, co-payments and deductibles Read more about How Much Will You Spend on Health Care in Retirement?[…]

Why seniors should choose wisely when selecting Medigap supplement insurance

A plan to shut the doors on the most popular insurance policies used by retirees on Medicare will soon present difficult decisions for people choosing Medigap supplement insurance. In 2020, people who are on Medicare and don’t already have what’s known as Plan F or Plan C Medigap insurance won’t be able to buy it Read more about Why seniors should choose wisely when selecting Medigap supplement insurance[…]

Standard Medigap plans are learning some new tricks

Medigap supplement policies have begun to change, moving away from being the plain-vanilla member of the Medicare family. Increasingly, these private insurance policies are likely to cover health-club memberships and perhaps also set up health care provider networks to save money for themselves and their policyholders. In doing so, the plans are emulating the moves Read more about Standard Medigap plans are learning some new tricks[…]

How and When To Change Michigan Medigap Plans

A brief overview on Michigan Medigap: Medigap is supplemental insurance for Medicare. If you have Medicare Part A and Part B, You might have heard of Medigap or also known as Medicare Supplemental Insurance. This type of insurance is for individuals that need more coverage then just Part A and Part B of Medicare. It Read more about How and When To Change Michigan Medigap Plans[…]