The MediGap Blog
To Contact Our Licensed Advisors

Things to Know About Your New Medicare Card

March 27th, 2018

Identity theft is on the rise in America, and a new Medicare card is being issued to help protect recipients’ information. Need information about changes to the new card, what you need to do, and why a new card format was issued? Curious about the new format’s benefits to you? I’ve got you covered.

You can watch this video or read on to get more information:

Watch Your Mailbox

A 2015 law requires Medicare to remove read more

Critical Illness Plans Play A Significant Role During Heart Health Month

February 28th, 2018

Heart disease, also referred to as cardiovascular disease, is the number one killer of Americans. According to a November 2017 CDC study, roughly 1 in 4 deaths reported yearly are due to heart disease—about 610,000 Americans every year.

Will Medicare Cover Costs for Cardiovascular Diseases?

Original Medicare will pay 100% of its approved amount for blood tests to check your cholesterol, lipid and triglyceride levels even before you have met the Part read more

Every Retiree Should Know These 5 Surprising Facts About Part D Prescription Plans

February 5th, 2018

part d prescription plans

The cost of prescription medications continues to rise, putting pressure on limited or fixed incomes — and the savings — of retirees. Part D prescription plans can help take the sting out of the cost of medications, but there are some things every retiree should know about their coverage.

1 – Expensive Prescriptions are Covered

Once you’re enrolled in a Part D prescription plan, the plan can’t cancel read more

Medicare Costs in 2018

December 28th, 2017

Medicare is important and even necessary for many, as it provides much-needed insurance to those who need it most. As the new year approaches, many are probably wondering what kind of changes will take place. Medicare’s premiums for the upcoming year (2018) have been publicized, and here’s what you need to know.

Part B

Costs

Part B is the medical insurance part of Medicare, and it covers outpatient services, read more

7 Things Every Retiree Should Know About Medicare

November 30th, 2017

Medicare is designed to help protect American’s wellbeing and financial security during their golden years by ensuring they have access to affordable medical care. If you’re 65 or older, you can count on Medicare coverage to take care of your health care expenses. However, many retirees don’t understand the basics of how Medicare coverage works.

Below are seven things every retiree read more

4 Tips to Make Your Money Last During Retirement

October 31st, 2017

I’m sure all of us want to ensure our money lasts long during our retirement years. However, there’s a good chance you are concerned about outliving your money – and that’s normal. It’s essential to develop a strategy that will help you meet your specific financial needs for the rest of your life. Below are four tips that could help you with your retirement planning.

Tip # 1: Don’t Stop Working During Retirement

The ultimate way to read more

How 2018 Medicare Part D Standard Drug Plan Coverage Changes Affect You

September 26th, 2017

If you have signed up for a drug plan or plan to do so soon, here are a few changes that you can expect with the standard Medicare Part D prescription drug coverage for 2018.

Increase In Standard Initial Deductible

For 2018, the standard initial deductible for Medicare Part D will go up slightly by only $5 from $400 to $405. This means if you enroll in a Medicare Part D prescription drug plan with read more

Five Misconceptions About Medigap and Medicare

August 27th, 2017

Medicare can be quite complicated with its many details. There is lots of misinformation out there about Medicare, Medicare Advantage, and Medicare supplement plans due to this complex nature, particularly as we approach the upcoming annual election period (AEP). This is the time when anyone on Medicare can sign up for a Medicare Advantage plan, a Prescription Drug Plan, or a Medicare Advantage read more

Why More People are Choosing Medicare Advantage Plans over Traditional Medicare

July 26th, 2017

Medicare Advantage (MA) plans have played a larger role in the Medicare program as the share of Medicare beneficiaries registered in Medicare Advantage plans has steadily climbed over the past few years. The trend in enrollment growth is continuing in 2017 and has occurred despite a deduction in payments to plans that was enacted by Affordable Care Act of 2010 (ACA).

Medicare Advantage plans are read more

How Medicare Covers You While You Are Traveling

June 30th, 2017

If you аrе a Mеdісаrе bеnеfісіаrу with Original Mеdісаrе, Part A аnd Pаrt B, уоu can trаvеl anywhere іn thе Unіtеd Stаtеѕ аnd still bе соvеrеd, as lоng as уоu uѕе dосtоrѕ and hоѕріtаlѕ thаt ассерt Mеdісаrе. If уоu trаvеl оutѕіdе оf thе United Stаtеѕ, however, your Mеdісаrе соvеrаgе іѕ limited.

Please nоtе thаt read more

Low-income Medicare Beneficiaries Face Bigger Cost Burdens

May 28th, 2017

Medicare is the federally funded insurance program for people 65 older as well as people who are disabled. It covers approximately 80% of medical costs for its beneficiaries. That other 20% can be quite a burden for someone who has large medical bills, or anyone with a very low income.

According to a read more

Can Trump Deliver on His Promise to Lower Drug Costs?

April 28th, 2017

With the ever-skyrocketing prices of prescription drugs, President Donald Trump has vowed to negotiate lower prices. While it is admirable that President Trump has expressed determination to help every day citizens relieve some of the financial burden of runaway prescription costs, he faces many challenges on an already uphill battle.

President Trump has been very vocal about opposing the rising read more

How to Keep Your Healthcare Costs Down

March 27th, 2017

According to Fidelity Investments, retired couples over the age of 65 will pay approximately $240,000 dollars out-of-pocket for healthcare. To make matters worse, this staggering amount of money does not cover the typical long-term-care expenses that many retirees in the United States face.

Although this financial statistic is rather daunting, there are ways to lower this substantial amount into read more

Effect of an ACA Repeal on Medicare Advantage Plans

February 27th, 2017

aca repeal

Do you have a Medicare Advantage plan, or are considering switching to one from original Medicare during the next Annual Election Period? If you thought that you wouldn’t be affected by what’s going on with the Trump administration and Obamacare, think again.

But while many Americans are nervous, wondering what the “repeal and replace” of the Affordable Care read more

Fighting Ageism in Healthcare

January 25th, 2017

Maybe you never thought about it before, but as an older American, you could be a victim of discrimination based on your age.

How does age discrimination fit into healthcare? It can happen in a couple of different ways. Sometimes physicians chalk up symptoms to normal aging, and ignore them. Oftentimes these symptoms are indications of true problems, that can be improved through treatment. Other read more

Is Privatizing Medicare a Possibility Under a Trump Presidency?

December 28th, 2016

Candidate Donald Trump didn’t say much about Medicare, and President Elect Donald Trump hasn’t said much, either. But the Republican Speaker of the House, Paul Ryan, has plenty to say about it, and what he’s said has got a lot of older Americans worried.

Paul Ryan has made it known for quite some time that he would like to privatize Medicare, and now that the Senate and Congress are dominated read more

The AEP Is Ending Shortly!

November 21st, 2016

December 7 – that’s the official end of the 2017 Annual Election Period (AEP) for Medicare Advantage plans and Part D prescription drug plans – is just around the corner. Do you need to take care of any business associated with your Medicare coverage? Here’s a quick review:

  • If you have original Medicare, along with a Medicare supplement (Medigap) plan, and everything is going well for you, you don’t need to do a thing.
  • If you’re not happy with original Medicare, and you’re thinking about changing to a Medicare Advantage plan, now is the time to change! You can only make this change until December 7, otherwise you’ll have to wait until next year’s AEP.
  • This is also the only time of year you can switch to a different Part D prescription drug plan, or purchase one outside of your initial Medicare enrollment period.

Why would you want to consider a Medicare Advantage plan? Often you’ll get more read more

How to Choose the Best Medicare Advantage Plan

October 27th, 2016

Every year, Medicare recipients are allowed to switch from good old Medicare to a different coverage model during the Annual Election Period (AEP), which runs from October 15 through December 7. Medicare Advantage plans aren’t right for everyone, but they can save some folks substantial money. How do you go about choosing the best Medicare Advantage plan?

Consider your doctors

read more

A Timeline Reference for the 2017 Annual Election Period

September 18th, 2016

The Annual Election Period (AEP) for Medicare Advantage and Part D prescription drug plans is right around the corner. This year it starts on October 7 and runs until December 15. But what exactly does it mean to you? What happens every year during this period?

For many people the AEP doesn’t mean much. But if you’re thinking about read more

Get 50% Off the Price of the Only Medicare Resource You’ll Ever Need

August 22nd, 2016

The Medicare Playbook is here to make your transition to Medicare a no-brainer!

Way back in the day when I first started marketing Medigap plans, I used to turn to Medicare.gov for help in understanding the myriad of rules and regulations surrounding healthcare laws for older Americans. 9 times out of 10 I abandoned read more