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Category: Medicare

Do You Need Medicare Supplement Insurance?

One of the benefits of reaching age 65 is the ability to enroll in Medicare and enjoy the lower payments for health insurance. Medicare has two sections: Medicare Part A for hospital insurance, and Medicare Part B for medical insurance. Each of these sections covers specific costs of treatment, but leaves gaps. Medigap insurance (Medicare Supplement Insurance) fills in the missing pieces, and provides better...

Advice for Choosing the Best Medicare Supplement Plan

Medicare supplement insurance can help cover some healthcare costs that Original Medicare doesn’t cover. This coverage is sold by private insurance companies and is commonly known as a Medigap policy, as it is designed to fill in the gaps left by Original Medicare Parts A and B, including co-payments, co-insurance, and deductibles. If your visits to the doctor or hospital stays are fairly frequent and...

When Are You Eligible for Medicare?

Medicare is America’s health insurance program for people age 65 and older. It is funded with a portion of the payroll taxes paid by workers and their employers and premiums deducted by the government from Social Security payments. People under the age of 65 with disabilities or certain health conditions can also qualify for this program. Medicare can help with medical expenses, but it does...

Should You Purchase a Supplemental Insurance Policy with Medicare?

If you’re over the age of 65 and eligible, Medicare can provide relatively low-cost coverage that makes sense. There are still gaps, and some people choose to purchase supplemental insurance to cover what Medicare doesn’t. These supplemental policies are often referred to as “Medigap". Medicare Coverage To be eligible for these supplemental policies, you must already be enrolled in Medicare Parts A and B. Part...