Can spouses share the same Medicare Supplement policy?
You cannot be on the same Medicare Supplement insurance policy as your husband or wife; you must have separate policies. However, you and your spouse may be able to get a discount if you both buy individual policies from the same insurance company. Individual coverage Medicare Supplement Insurance i...
Read MoreMedicare out-of-pocket costs
The Medicare program provides significant medical coverage for its millions of enrollees, but the out-of-pocket expenses that come with that coverage can be substantial. Medicare out-of-pocket costs can range from small co-payments for routine care to large expenses for uncovered treatments. Out-of-...
Read More2017 Medicare costs
Medicare Part B premiums and deductibles in 2017 increased from those in 2016, while Medicare Part A costs changed moderately, according to an announcement from the U.S. Department of Health & Human Services (HHS). The table below shows how Medicare out-of-pocket costs will change between 2016...
Read MoreDoes Medigap cover dental and vision care?
Medicare Supplement Insurance does not include dental and vision coverage. According to Medicare.gov, “Medigap policies generally don’t cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.” Medigap policies help cover some of the out-of-pocket costs ...
Read MoreAre You Satisfied With Your Medigap Coverage?
A whopping 94% of senior citizens with Medicare Supplement insurance policies say they are satisfied with their health insurance coverage, according to a report by America’s Health Insurance Plans (AHIP). When respondents were asked whether they would recommend a Medigap plan to a friend or relati...
Read MoreChoosing Between Medigap Plan F and G
Medigap Plan G is a high-benefit plan that is commonly overlooked for the more-popular Plan F. However, Plan G is similar to Plan F and may be more affordable in some cases. The only benefit included in Medigap Plan F that is not included in Plan G is the Medicare Part B deductible ($183 in 2017). ...
Read MoreCan I get a Medigap policy if I have a pre-existing condition?
You have guaranteed access to a Medicare Supplement insurance policy if you buy during your Medigap open enrollment period, even if you have pre-existing conditions. It’s possible to get a supplemental policy after the enrollment period, but it’s not guaranteed and Medicare Supplement Insurance ...
Read MoreWhat are Medicare Part B excess charges?
Medicare Part B excess charges are the cost difference between the Medicare-approved insurance payment amount for a medical service and the amount your health care provider typically charges for that service. A Medicare Part B excess charge will only occur if your doctor does not accept Medicare a...
Read MoreMedigap brokers vs. Medigap agents
Medicare Supplement Insurance brokers are often confused with Medicare Supplement Insurance agents, but there are important differences between the two groups. Independent Medigap agents usually represent a single insurance company, whereas a Medigap insurance broker generally represents the insur...
Read MoreMedicare Supplement Insurance Open enrollment period
Medicare Supplement Insurance (Medigap) has a six-month open enrollment period (OEP). Your Medigap open enrollment period begins when you are both: 65 years old and Enrolled in Medicare Part B You have only one Medicare Supplement Insurance open enrollment period. If you get Medicare Part B...
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