The MediGap Blog
To Contact Our Licensed Advisors

How to Plan for Long-term Medical Costs

May 27th, 2019

How to Plan for Long-Term Medical Costs

Life comes at you fast. While we are managing our daily lives, we also have to think about the future.

It’s natural to want to live independently in your own home for as long as possible, but as you grow older, there may come a time when you’ll need to consider living in a nursing home. Even if you don’t need long-term care right now, it’s important to consider read more

Three Crucial Steps to Follow When Updating Your Retirement Budget

April 26th, 2019

Everyone should update their retirement budget periodically. Not because retirees are indecisive, but plans change as do incomes. If you anticipate an update to your retirement budget this year, we urge you to follow these three steps before, during and after the modernization is complete.

1. Re-prioritize Guaranteed Income Streams

If you are currently relying on guaranteed read more

How Do Medigap and Medicare Advantage Compare?

March 22nd, 2019

Both Medicare supplement plans and Medicare Advantage plans provide a way to obtain or supplement your Medicare benefits to protect you from high medical bills and limit your out-of-pocket medical expenses, but they work very differently.

If you’re like the thousands who visit our site each month looking for Medicare coverage, you may wonder how Medigap and Medicare read more

What You Need to Know About Hospital Price Transparency – And How You Can Use This Info to Save Money Now

February 6th, 2019

If you went shopping for a car, would you go to a dealer who would not tell you the price? Most people would say No! Yet for years, consumers have gone to the hospital without really knowing the cost of procedures or medical services. They only find out after all of the services had been provided and they receive their bill.

To provide more price transparency, effective read more

Your Medicare Costs in 2019

January 11th, 2019

The Medicare Part A and Part B programs will have new premiums and deductibles in 2019. Changes were made in October 2018 by the Centers for Medicare & Medicaid Services (CMS). We’ve included the major changes below.

Medicare Part A Costs

For Medicare Part A recipients, your inpatient deductible gets a $24 increase to $1,364. This deductible will cover your share read more

Medicare Plans and Your Retirement: The Basics

December 27th, 2018

Part of retirement planning involves locating appropriate and affordable healthcare coverage. For Americans 65 and older, any discussion regarding healthcare must include Medicare. One great thing about Medicare is that your age often makes eligibility much easier, and preexisting conditions are always covered.

There are four components to Medicare:

  • Part A: Overnight stays in hospitals, nursing homes, skilled nursing, some home health services and hospice care.
  • Part B: Preventive services, medical supplies, limited outpatient drugs.
  • Part C: Medicare Advantage plans, which are sold privately and work in place of Parts A, B and in many cases, D.
  • Part D: Formulary-based prescription drug coverage based on a tier system.

Medigap Plans

Because Medicare has many holes and leaves many read more

How to Choose a Medicare Plan During the Annual Election Period

November 30th, 2018

With Medicare enrollment in full effect, current members and prospective buyers are faced with challenging important decisions. Choices made today could determine how well your health needs are addressed for years to come. If you’re unsure which plan is right for you or are unaware of what new plans could provide better coverage, we’re here to show you how take advantage of all options during read more

Understanding the 2019 Medicare Part D Coverage Gap or Donut Hole

October 31st, 2018

October means more than just ghost and goblins. In fact, October can mean the start of something much scarier if you’re not prepared and informed. Every October 15th is the start of the Medicare Part D Annual Enrollment Period.

The Annual Enrollment Period occurs every year for seven weeks – from October 15th through December 7th. These seven weeks are the only opportunity Medicare Part D holders read more

Are You Ready for Medicare’s Annual Election Period?

September 30th, 2018

The taste and smells of fall are in the air. Days are getting shorter, and the weather is getting cooler. While we often think of spring as a time for new beginnings, there are some important deadlines that can affect your health right around the corner.

One such date is Medicare’s annual enrollment period that begins October 15th and ends December 7th!

What is Medicare’s Annual Enrollment Period?

If read more

Why Medicare Part D Premiums Will Be Lower in 2019

August 31st, 2018

The Centers for Medicare & Medicaid Services (CMS) announced late July that, for the second consecutive year, Medicare Part D prescription drug premiums will drop in 2019. During an era when healthcare costs are steadily rising, Part D costs will shrink $1.09 to $32.50 starting in January.

Recent action taken by the Trump administration to make prescription drugs read more

How to Avoid Costly Medicare Mistakes

August 2nd, 2018

Medicare costly mistake

Medicare has numerous components, rules, restrictions and confusion. Around 75% of American adults over age 50 wish they understood this complex government health policy better. It’s not how much you pay that’s costly–it’s lack of information that hurts eligible recipients.

A deeper understanding of costs, coverages and other components of Medicare can read more

Minding the Gap

June 28th, 2018

MediGap Advisors lays out the limitations of Medicare coverage that every retiree should know and how dental insurance can help avoid unnecessary expenses in the future.

Managing Longevity Risk

May 29th, 2018

We believe retirement planning should be simpler than most experts make it out to be. Step 3 of our 6-step Retirement Planning Program is to secure guaranteed income.

The Downside of Modern Longevity

Americans are living longer. Modern medicine, changes in diet and lifestyle, and advances in society and technology are all helping more and more of us reach our eighth decade or beyond.

There’s just read more

How to Lower Your Medical Bills Through A Bill Negotiation Service

April 28th, 2018

A strategy routinely used by insurance companies to gain deep discounts on the list price of medical procedures can now be used by individual consumers to help lower your, and your family’s medical bills. What’s a bill negotiation service, and how can it help you save money?

List Prices, Negotiated Prices and the Difference

When determining how much money you will pay for a medical procedure, you deal with read more

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


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