What are the different types of Medicare supplement plans?

All Medicare supplement policies Medicare supplement insurance, also known as Medigap, is designed to cover some or all of the costs a patient is responsible for before Medicare Parts A and B will pay anything, copays required by Medicare Parts A and B and amounts over the maximum that Medicare Parts A and B will cover. The different Medigap plans are standardized between companies, meaning consumers will receive the same coverage for Plan A (or whichever plan they select) regardless of which company they buy it from. There are 11 plans, each designated by a different letter, and each one

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Durable Medical Equipment & Medicare

Durable Medical Equipment & Medicare

Many baby boomers rely on Durable Medical Equipment (DME) supplies for their daily activities. Medicare covers medically necessary supplies such as a wheelchair, CPAP machine, or oxygen tank. So, if you’re wondering about Medicare coverage on your Durable Medical Equipment; ask yourself this; is this medically necessary and is my doctor going to write a prescription for this? If you can answer yes, then coverage will be likely. Will My Medicare Coverage Pay for Durable Medical Equipment? Durable medical equipment is covered under Medicare Part B. The yearly Part B deductible is applicable and then Medicare pays an 80% coinsurance. That

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Switching Medicare Supplement (Medigap) Plans

Switching Medicare Supplement (Medigap) Plans

If you need to drop, change or enroll in a Medicare Supplement (Medigap) plan, you can do it at any time of the year.  But before you make any changes, you need to consider whether you should make any changes or stay with whatever plan you currently have.  Although you might be very satisfied with your Medicare Supplement plan now, it might not be suitable any longer because of your present needs or because of changes to the cost of your plan.  As life events may have arisen, your current coverage could fall short of providing you with adequate coverage

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Reinstating the Medicare Advantage “Open Enrollment Period”

If you or a loved one receives Medicare coverage, you know how complicated and confusing enrollment periods can be. Enrollment periods are only confusing because the term “Open Enrollment Period” is used correctly and incorrectly to describe times when a plan change is possible Reinstating “Open Enrollment Period” The Medicare Advantage Open Enrollment Period was discontinued in 2010. In 2019, the OEP will make a return. From 2011-2018 Medicare beneficiaries were given only the Medicare Advantage Disenrollment Period (MADP), during this time beneficiaries could disenroll from their Medicare Advantage plan and switch only to Original Medicare. Now all that is

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Alternatives to 1st Dollar Coverage Plans

We’ve lived our lives planning for our future and the future is now. Unfortunately, gone are 1stdollar coverage plans. Instead of paying a monthly premium that allowed us to close our wallet after writing that check we can expect to do a little more searching to find just the right plan. It’s back to the licensed insurance agent to review your needs and benefits against costs and risk. If you aren’t familiar with 1stdollar coverage, we are referring to Medicare Supplement Plans F and C. Medicare Supplement Plans are sometimes referred to as Medigap Plans. Plan F covered everything not

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Does Medicare Cover Power Mobility Scooters?

Power scooters increase mobility to make everyday tasks possible again for many individuals. They are a great choice for this, but they are quite expensive. Medicare will provide coverage for mobility scooters if you are able to meet certain requirements. Scooters and wheelchairs are considered durable medical equipment, which is covered under Medicare Part B. If you follow the steps we’ve listed below, you can increase your chance of getting Medicare to pay for your scooter. DME Guidelines from Medicare Medicare Part B covers 80% of outpatient medical expenses whenever they are deemed medically necessary.  Whenever a piece of equipment is

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What Happens If You Delay Medicare Coverage? 

What Happens If You Delay Medicare Coverage? ‎

When most people start Medicare, it begins on the 1st day of the month of their 65th Birthday. Of course, this is not what is the best for everyone. Frequently,  people are choosing to continue working later into life. What Happens If You Delay Medicare Coverage?  In many cases with group insurance there is no need to start their Medicare Part B coverage. These Medicare Beneficiaries have a few options, and can delay their Part B enrollment with no penalty. If you do not have creditable coverage and you decide to delay your Part B enrollment, you will have to wait

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Why Compare Part D Plans Annually?

Why Compare Part D Plans Annually?

What is Medicare Prescription Drug Coverage (Part D)?            Prescription drug coverage is available to everyone who is enrolled in Part A and Part B of Medicare.  You have two options for getting your Part D coverage: Why Compare Part D Plans Annually? Buy a stand-alone prescription drug plan (PDP) You can enroll in a Medicare Advantage Plan that already includes prescription drug coverage. If you do not sign up for a PDP when you are first eligible, you will have to pay a penalty every year for the duration of Part D.  It is also important that you be a resident

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Why Medicare is Primary for Small Employers

Why Medicare is Primary for Small Employers

Turning 65 But Still Working; What To Do? In this day and age more eligible Medicare Beneficiaries are choosing to continue working and they are confused about what they should do when reaching age 65. Why Medicare is Primary for Small Employers In some cases, Medicare Beneficiaries can postpone their Medicare Part B and continue on their group coverage. Other times, these individuals will need to go ahead and pick up their Medicare Part B to stay on their employer’s group plan. If you find yourself in this situation, take heed, there are a few things you need to know in

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