Medicare Insurance

Medicare Supplement Plans

What are they? Medicare Supplement Plans, which are also known are MedSupp or Medigap, are insurance plans that provide coverage for the out-of-pocket expenses that Original Medicare doesn’t cover. There are currently 10 plans available (A, B, C, D, F, G, K, L, M, and N) though that number may vary depending on which state you live in. As of 2010, E, H, I, and J plans stopped being [...]

Medicare Part A, B, and D: What Do They Mean?

Medicare Part AOnce a person turns 65, they are automatically eligible for Medicare Part A. The main requirement is that they are receiving Social Security retirement benefits. Medicare Part A is considered hospital insurance as it covers the following items:Inpatient hospital careFinite home health servicesA skilled nursing facility careHospice care (Source)Medicare Part BAlso known as medical insurance, Medicare Part B is the second part of Original Medicare. Individuals are typically [...]

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What is Medigap Insurance?

Medigap Coverage Medigap offers 10 plans that you can choose from (Plan A, B, C, D, F, G, K, L, M, and N). These 10 plans can cover some of the following: Medicare Part A coinsurance or copayment Medicare Part B coinsurance or copayment Medicare Part A deductible Medicare Part B deductible Medicare Part A hospice care Medicare Part B excess charges Foreign travel emergency Skilled nursing facility First [...]

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Top 10 things to know about AEP this year

Changes that can be made during AEP are the following: Switch from Original Medicare to a Medicare Advantage Plan Go back to Original Medicare from a Medicare Advantage Plan Change from one Medicare Advantage Plan to another Add or cancel a Part D plan Transition from one Part D plan to another 1. Enrollment for the 2020 period is over. The enrollment period for the 2021 year will begin [...]

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Top 5 Procedures/Products Medicare Covers that you didn’t know

1. Weight loss program While this coverage won’t be provided to every Medicare beneficiary, under certain circumstances, you can be eligible for funding. The following exceptions for coverage include the following: Hypothyroidism Diabetes Cardiovascular And many more! Medicare will also provide coverage for a preoperative weight loss program if your physician requires you to lose weight before a surgical procedure. 2. Foreign travel coverage With Original Medicare, you will [...]

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How to choose the right Medicare Part D Plan for you

Have a checklist prepared Before you began searching for Medicare Part D plans, have a list ready that you can refer back to. This will ensure that the plan you go with fits your medical needs and is within your price range. The list below can help guide you with your checklist 1. Have a list of current prescription drugs. The dosage, frequency (how often you take them), and [...]

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Final Expense Insurance

What is Final Expense Life Insurance?

Final expense insurance (also known as burial insurance or funeral insurance) is a form of permanent life insurance that can be used to cover the costs of death and funeral expenses. It covers medical costs and any additional end-of-life expenses. Final expense insurance doesn’t expire and will remain as long as the premium is paid every month until you perish. It’s a common requirement for life insurance holders to [...]

Having Final Expense Insurance as Additional Life Insurance

What is Final Expense Insurance? Also known as whole life insurance, burial insurance, or funeral insurance, final expense insurance is a permanent life insurance policy that is used to cover posthumous expenses. Final expense insurance is not much different from regular life insurance, but it is much easier for individuals to get approved, as there is no medical exam required. Final expense insurance doesn’t expire and with be effective [...]

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