Introduction to New Medigap Plan G

Introduction to new Medigap Plan G

For many years now, the Plan F Medicare Supplement has been the top selling plan. Because of the Medicare Access and CHIP Reauthorization Act of 2015, the Plan F will no longer be available for sale for people who turn 65 in 2020 and thereafter. People who have a Plan F in force at that time can keep their current plan or switch to another Plan F with a different company, but they may not want to. Here’s why: Introduction to new Medigap Plan G As history has shown with other plans that have been eliminated in the past, Medigap enrollees can

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Should You Still Enroll in Medicare Supplement Plan F?

Should You Still Enroll in Medicare Supplement Plan F?

For years, conventional wisdom in senior insurance said that if you were going to purchase a Medicare Supplement plan, Medigap plan F was the way to go.  But is purchasing Plan F now a smart move considering it will no longer be issued to new enrollees as of 2020? Should You Still Enroll in Medicare Supplement Plan F? What is Medigap? Medigap is actually a nickname for all of the lettered Medicare Supplement plans. They are designed to pay some or all of the fees not covered under Original Medicare.  Medigap pays the fees or "gaps" that Original Medicare typically requires

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Do All Doctors Accept Medigap

Do All Doctors Accept Medigap

If you are turning 65 and comparing Medicare Supplement or Medigap plans, you will probably ask "do all doctors accept Medigap plans?". This is one of the most common questions for people turning 65 - it can seem complex, but the answer is actually very straight-forward. Do All Doctors Accept Medigap Put simply, when it comes to accepting Medigap plans, it all depends on if your doctor accepts Medicare itself. Medigap plans "follow" Medicare. So, if a doctor or hospital takes Medicare, they will accept your Medigap plan. It does not matter which company or plan you have since Medigap plans

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Understanding Medicare Plan N

Understanding Medicare Plan N

Medicare Plan N is one of the 10 standardized Medigap plans that are offered to supplement traditional Medicare. Plan N is one of the options that is typically a lower premium with more cost-sharing. So, it can be a good fit for someone who is in relatively good health or who wants to go with a lower-premium option. Plan N works just like other Medigap plans. Coverage is Federally-standardized, so one Plan N will be the exact same as any other Plan N in terms of coverage. In addition, you can go to any doctor or hospital that takes Medicare

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Helping The Elderly Avoid Prescription Drug Problems

Prescription Drugs and Seniors

According to the National Alliance for Caregiving, there are over 33 million people in the U.S. who care for an aging relative or friend. Caregivers need to be aware that drug errors can happen and may be serious, but often are preventable. Helping The Elderly Avoid Prescription Drug Problems The problem stems largely from the multiple drugs seniors are prescribed and the complex network of physicians and pharmacists caring for them. According to Medco Health Solutions, Inc., the average senior takes nine prescription medications a year. One in four seniors sees four or more different physicians and uses three or more

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A Clear Look at Vision Insurance

A Clear Look at Vision Insurance

Taking care of your vision is about more than just seeing well. It's about being well. When your eye health is at its best, you're more likely to perform better in all aspects of your life. An eye exam is not just about your sight - it can detect other hidden health conditions too, like diabetes and high blood pressure. Early detection plays a key part in managing these diseases and improving your overall health. A Clear Look at Vision Insurance Unfortunately, not everyone has the luxury of vision insurance to help pay for eye care. But there are affordable individual

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Boomers turning 65 face complex healthcare choices

Every day, about 10,000 baby boomers turn 65 and become eligible for Medicare. Not everyone will sign up, but it's important to understand the importance of early choices when enrolling in Medicare for the first time. Boomers turning 65 face complex healthcare choices You can enroll in Medicare three months before turning 65, the month you turn 65 or up to three months afterward. "Turning 65 opens the door to Medicare eligibility, but it brings with it some complex choices," says Paula Muschler, manager of the Allsup Medicare Advisor, a personalized Medicare plan selection service. "Choices seniors make at this time

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Tips to Avoid Medicare Pitfalls

Guide to Choosing a Part D Prescription Drug Plan

Since over thousands of baby boomers enroll into Medicare every day, it’s important to know the facts about the health care insurance program. If you fail to learn, you remain open to expensive mistakes and catches. Tips to Avoid Medicare Pitfalls Joe Baker, president of the Medicare Rights Center, says, "Avoiding the most common errors in Medicare is the difference between having good financial and health security — or not." He warns older consumers to learn the rules to avoid higher premiums. I enrolled in Medicare last year and found the process overwhelming. With the difficult language and limitless selections to

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Understanding Medicare through Supplemental Insurance

Understanding Medicare through Supplemental Insurance

Americans don’t celebrate it as a holiday, but July 30 is an important historical date in the United States. It was on this day in 1965 that President Lyndon Johnson signed Medicare into law, introducing a national health insurance program for citizens aged 65 and older. Understanding Medicare through Supplemental Insurance In its first year of availability, more than 19 million Americans enrolled in the program. Medicare has since expanded to include individuals who are permanently disabled and those who suffer from kidney failure. This year the number of enrollees is expected to reach 57 million, according to the Centers for

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