The Centers for Medicare & Medicaid Services has announced the new Medicare cost-sharing amounts for 2024. With inflation rising, the percentage increases are higher than in past years. We discuss the numbers below and how they affect your premiums, deductibles, coinsurance, and out-of-pocket exposure. These changes affect all insurance plans - both new and old. [...]
October 2, 2023
Category: Medicare Supplements
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If you're on Medicare and live in California, you might be aware of the Birthday Rule. This law allows you to change your Medicare Supplement policy each year to a "like or lesser" plan. You have 60 days to make this change from your birthday, but most insurance companies will accept an application up to [...]
October 17, 2021
Category: Medicare Supplements
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Manhattan Life Insurance Company is best known for affordable Medicare supplement insurance coverage. Plans offered include A, B, C, D, F, G and N. They have recently lowered rates on popular Plans G & N. On these two Medigap policies you'll find some of the best prices in many states. Renewals for existing policyholders are [...]
May 7, 2021
Category: Medicare Supplements
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Let's face it, Medicare insurance can be expensive. Original Medicare Part A is free due to earned work credits, but Part B costs nearly $150 a month for most. And Medicare Parts A & B only cover so much. There are still gaps like deductibles, coinsurance, prescriptions, dental, vision, hearing and so on. So how [...]
August 19, 2020
Category: Medicare Advantage, Medicare Supplements, Retirement Planning
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The 2020 Medicare open enrollment period is fast approaching. It runs from October 15th through December 7th - plan changes will not be effective until January 2021. Our agents are busy training so we can discuss important new plan benefits, costs and features. In insurance speak, this period of time is also referred to as [...]
August 1, 2020
Category: Medicare Advantage, Medicare Supplements
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Currently, there are approximately 66 million Americans enrolled in Medicare. And that number is climbing daily. Medicare is a government-backed health insurance program helping those 65 and older afford health care. However, it does not cover all of your expenses. You'll usually want to supplement your coverage. Unless you have group, retirement coverage, or VA [...]
July 7, 2020
Category: Medicare Advantage, Medicare Supplements
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When researching Medigap policies, you may want more information on Medicare Supplement Plans K & L. These two unique options are less popular than traditional policies like G & N, but they do offer value. They might be right for some, but not all consumers. It's important to understand what you can expect from these [...]
June 26, 2020
Category: Medicare Supplements
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If you are approaching your Medicare eligibility, you should be aware of the Medicare Income-Related Monthly Adjustment Amount - IRMAA for short. It applies to higher income earners and results in increased Part B and Part D premiums. These increases might affect your decision to stay on your employer policy. If that's not an option, [...]
May 14, 2020
Category: Medicare Advantage, Medicare Part D, Medicare Supplements, Retirement Planning
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As of the writing of this post, there are a lot of disruptions in the economy due to the Coronavirus. Many consumers are losing jobs and some are having disruptions in their health insurance coverage. If you're losing your health insurance, you'll want to know your options. We list the most common strategies below for [...]
April 3, 2020
Category: Health Insurance, Medicare Supplements
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We offer AARP United Healthcare Medicare supplement insurance to our clients nationwide. These two companies have partnered together to offer members additional services and benefits. It is required that you (or someone in your household) be an AARP member in order to enroll in a United Healthcare Medicare Supplement. We can help you understand how …
March 15, 2020
Category: Medicare Supplements
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It's the time of year when Medicare announces changes that affect Medicare beneficiaries and the insurance plans they own. Like most years, the 2020 changes are incremental, but larger than what we saw for 2019. We will discuss them below and how they will affect your out of pocket exposure. (It's important to note that [...]
November 10, 2019
Category: Medicare Advantage, Medicare Supplements
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Medicare Open Enrollment for 2020 effective dates has begun. This window runs from October 15th through December 7th. All changes to your Medicare Advantage and/or Prescription Drug Part D coverage will take effect January 1, 2020. Should you miss the Annual Election Period (AEP) open enrollment window, it may not be possible to make changes [...]
October 12, 2019
Category: Medicare Advantage, Medicare Supplements
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When you're Medicare eligible, you're likely deciding how to best supplement your coverage. Should you choose a Medicare Supplement or a Medicare Advantage plan? A good argument can be made for both, but for the purposes of this article we'll explain why many of our clients choose a traditional Medicare supplement plan. Also referred to [...]
August 7, 2019
Category: Medicare Advantage, Medicare Supplements
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Several insurance companies offer High Deductible Plan G. This newer Medicare supplement is available for sale now and offers some of the lowest rates available. As part of the recently passed MACRA legislation, all plans covering the Part B deductible are unavailable to those who are newly eligible to Medicare in 2020 and beyond. This …
July 12, 2019
Category: Medicare Supplements
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At our independent agency, Medicare supplement Plans F, G and N are the most requested plans by our clients. Their popularity can be explained by the fact that these three plans cover the most important gaps left behind by Medicare. But there are some key differences. Almost all carriers offer all three plans, but there [...]
March 7, 2019
Category: Medicare Supplements
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