What is Medicare SELECT?
Medicare SELECT is a form of Medicare Supplement insurance that requires you to use specific medical facilities and doctors that are within the plan's network. Unlike regular Medigap plans that provide coverage for approved services performed anywhere that accepts Medicare, Medicare SELECT plans are...Read More
What is a guaranteed issue right?
A Medigap guaranteed issue right allows you to purchase a Medicare Supplement insurance policy from any company without regard to your health condition. You only have a guaranteed issue right in certain situations.When you have a Medigap guaranteed issue right, insurance companies are lawfully requi...Read More
How does Obamacare affect Medigap?
Obamacare typically does not negatively affect Medigap insurance, but it does have both positive and negative effects on Original Medicare (Part A and Part B).The Affordable Care Act (ACA), commonly referred to as Obamacare, was passed in 2010 to remodel health care in the United States. Although...Read More
Can my Medicare Supplement insurer cancel my policy?
An insurance company can cancel your Medigap policy, but only in a few situations. Typically, your policy is guaranteed renewable. But despite this protection, there are some exceptions to the rule. Medigap plan cancellation can happen for a number of reasons, such as:You stopped paying the monthly ...Read More
Retirement health insurance options
After you retire, you have a wide variety of health insurance options available. Your best option will depend on your needs, your budget, and your eligibility.The following are some common retiree health insurance options:*MedicareMedicaidRetiree insuranceMilitary programsCOBRAMarketplace plansThis ...Read More
2016 Medicare costs
Medicare beneficiaries will face higher Medicare costs in 2016. Several costs, including the Part A deductible, the Part A inpatient hospital stay co-insurance, and the Part B deductible will increase in 2016, according to a Centers for Medicare & Medicaid Services (CMS) news release. The table...Read More
Does Medicare cover cataract surgery?
If your doctor says that cataract surgery is medically necessary, Medicare will most likely cover the operation. However, you may be responsible for paying 20% of the Medicare-approved cost of the procedure.Medicare and Your EyesCataract surgery is commonly performed in an outpatient setting, which...Read More
SilverSneakers Wellness Program
SilverSneakers is a wellness program designed for older adults that is included with some Medicare health plans.More than 12 million people are eligible for the SilverSneakers Wellness Program, and members can access more than 13,000 fitness centers and gyms across the United States.Wellness progra...Read More
Does Medicare Supplement Insurance Cover Prescriptions?
Medicare Supplement insurance policies do not provide prescription drug coverage.If you have Medicare Supplement Insurance (Medigap), you should be able to get prescription drug coverage through a Medicare Part D prescription drug plan.Getting Prescription CoverageIf you are enrolled in Original Med...Read More
Are 2014 Medicare costs tax deductible?
Some Medicare costs are tax deductible; however, they must exceed a certain percentage of your adjusted gross income (AGI) and meet Internal Revenue Service (IRS) guidelines. Tax-deductible Medicare costs may include premiums, deductibles, co-insurance, co-payments, and other qualifying out-of-pocke...Read More