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Changes To Medigap At The End Of 2019

When you are purchasing a Medicare supplemental policy it is crucial that you use care when making your selection, especially over the next few months.  At the end of 2019 certain Medigap plans will no longer be available.  Medigap Plan F, which is known as the premier supplemental insurance plan , will no longer be available for new enrollees.  Medigap Plan F is currently the most comprehensive supplemental insurance plan available for purchase.  If you are a Medicare beneficiary that doesn’t want any healthcare cost surprises, then this is the ideal plan for you, but it all ends at the end of 2019. Even though Medicare Supplemental Insurance Plan F will no longer be available after the end of 2019 for new enrollees eight different options in Medigap will be.  Participants that are enrolled in Medicare Plan F before the cut off at the end of 2019 will still be allowed to continue coverage.  Industry experts are predicting that the premium of Plan F may make it so that
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Medigap In Michigan

For Medicare beneficiaries enrolled in Original Medicare Part A and Part B have the opportunity to enroll in Medigap .  Original Medicare does not cover comprehensive health care coverage and therefore additional plans in the form of Medigap need to be purchased to fill in the gaps.  Medigap policies cover a wide range of health care expenses including: copayments, deductibles, coinsurance, and other out of pocket expenses. Medigap plans are regulated by the Federal government.  When comparing Medigap plans you will find that Medigap Plan F in Michigan is the same exact coverage that is offered in Medigap Plan F in Tennessee.  Most states offer all ten of the Medigap policies that are available within Medicare . Medicare enrollees should enroll in Medigap during their six-month open enrollment period that begins the first day of the month in which they turn 65 and are enrolled in both Medicare Part A and Medicare Part B.  No matter what your current state of health is, enrollment i
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Common Medicare Questions Answered

When it comes to Medicare and Medigap health insurance there is a ton of confusion.  Here are the top questions that our Medicare agents get when Medicare enrollees are seeking more information on Medigap supplemental insurance plans. When can beneficiaries enroll in Medicare? There is a seven-month window in which beneficiaries can sign up for Medicare Part A, Part B, prescription drug coverage, and Medigap supplemental insurance .   This period of time includes three months before you turn 65, the month of your birthday, and the three months after you have turned 65.  When you are receiving Social Security, beneficiaries will automatically be signed up for both Medicare Part A and Part B starting the first day of the month in which you turn 65. Do my spouse and I have the same plan? Spouses do not share Medicare plans.  Each Medicare and Medigap plan are issued on an individual basis. Does Medicare offer coverage for long-term care? Long-term care is not medical care, in m
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What Will I Have to Pay for Medigap Coverage?

For many Medicare beneficiaries determining how much they have to pay out of pocket for Medicare and Medigap can be quite tricky.  It’s figuring out what essential coverage, Medicare Parts A, B, and D, is going to cost, only to find out that these three plans don’t fully cover you.  Not only will additional Medigap coverage have a monthly premium, you will also need to determine how much the deductible and co-insurance will run.  With most Medigap plans, beneficiaries can expect to be responsible for up to 20% of their outpatient medical expenses.  It is important when planning for retirement that these estimated costs are considered so that you can be financially prepared. Choosing a Medigap Plan Medicare’s standardized supplemental insurance plans date back to 1990.  Since then it has been simpler for Medicare recipients to compare the costs of these plans between providers which is clearly important for a number of reasons.  Of the ten standard plans available there are two h
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2019 Changes in Medicare

2019 is bringing on some big changes in the world of Medicare.  If you are a Medicare enrollee it is important to take note of the changes.  This will help make sure you are getting the coverage that you need.  Medicare has been around for over 53 years but that doesn’t mean that it stays the same from year to year.  Each year it is important to review your Medicare coverage . Open Enrollment Changes Medicare Advantage Plans will have an open enrollment period between January 1 – March 31.  At this time participants will be able: Drop Medicare Advantage and return to Original Medicare Change from one Medicare Advantage Plan to another Advantage Plan Enroll in or drop Medicare Part D, standalone prescription drug coverage Closing the Gap in Medicare Part D Medicare Part D, prescription drug coverage requires seniors with high prescription drug costs to pay more for medication once they have reached a certain dollar amount spent each year.  There is a gap that occurs between
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Changes to Consider During 2019 Medicare Open Enrollment

There are many changes coming to the world of Medicare in 2019 .   Most of these changes will involve coverage in Medicare Advantage and Medicare Part D.  From more health care plans to choose from to lower premiums and added benefits now is a good time to start reviewing your current plans and future options. An Increase in Medicare Advantage Plan Choices In 2019 Medicare expects to see an increase of upwards to 600 new Medicare Advantage plan options varying between locations.   More than ninety percent of Medicare enrollees will have the option of ten or more Medicare Advantage plans to choose from in their area.  Medigap Plan D, prescription drug coverage is also upgrading and offering Plan D business plans in 2019. Medigap Plan D, Prescription Drug Coverage, Premiums Decrease Enrollees in Medigap Plan D can expect to see a decrease in plan premiums by $1 a month in 2019.  It is important to remember that when looking at coverage there is more to the cost than just the init
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Medigap Plans – Two Popular Plans Ending In 2020

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Are you enrolled in Medigap?  Do you turn 65 soon and know you will be applying for Medicare and enrolling in a Medigap policy?   If so it is important to note that two of the most popular Medicare Supplemental Plans will no longer be available to enroll in.  Medigap Plans F and Plans C are being discontinued as an enrollment option as of 2020. Medigap insurance is purchased to cover the medical expenses that are not covered under Original Medicare.  Believe it or not Medicare Insurance doesn’t cover 100% of copayments or deductibles and also has limitations to what it will cover.  Private insurance companies offer Medigap plans, also known as Medicare Supplemental Insurance Plans , were created to fill in these voids.  Currently in 2018 there are 10 different Medigap plans available.  Each of the ten plans offers a different combination of insurance benefits.  This allows participants to decide the combination of benefits that is right for their health needs and budget. Two Most
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