Medigap Plans in Philadelphia, Pennsylvania – 2018

Medigap Plans in Philadelphia, Pennsylvania
Medigap Plans in Philadelphia, Pennsylvania, also known as Medicare Supplement Plans, serve the purpose to fill the gaps in both Part A and Part B of Original Medicare. Examples of such gaps are deductibles, copayments / coinsurances, and excess charges. Your Medicare costs could be very high without them. Pennsylvania Medigap plans are sold by private insurance companies. There are 10 Standardized Plans, designated by the letters “A” through “N”. Plan’s letter defines set of benefits, they are identical for all vendors. For example, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. But the premiums may be differ significantly from vendor to vendor. Therefore, the knowledge of Medicare Supplement vendors and their premiums is important. Read more…

Medicare Supplement Plans in Ohio – 2018

Medicare Supplement Plans in Ohio

Medicare Supplement Plans in Ohio, also known as Medigap Plans, serve the purpose to fill the gaps in both Part A and Part B of Original Medicare. Examples of such gaps are deductibles, copayments / coinsurances, and excess charges. Your Medicare costs could be very high without them. Ohio Medigap plans are sold by private insurance companies. There are 10 Standardized Plans, designated by the letters “A” through “N”. Plan’s letter defines set of benefits, they are identical for all vendors. For example, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. But the premiums may be differ significantly from vendor to vendor. Therefore, the knowledge of Medigap vendors and their premiums is important. Read more…

Medicare Supplement Plans in Maryland – 2018

Medicare Supplement Plans in Maryland

Medicare Supplement Plans in Maryland, also known as Medigap Plans, fill the gaps in Part A and Part B of Original Medicare, such as deductibles, copayments / coinsurances, and excess charges. Without them your Medicare costs could be very high. Medicare Supplement Plans in Maryland are sold by private insurance companies, and like plans in most other US States, they are standardized. There are 10 Standardized Plans, designated by the letters “A” through “N”. Each of them has its own set of benefits, and these benefits are identical for all vendors. In other words, the benefits of Medicare Supplement Plan F from one vendor are the same as benefits from any other vendors. The difference is just a premium, and it may be significantly different from vendor to vendor. That is why knowledge of Medigap vendors and their premiums in your particular area may be quite important. Read more…

Medigap and Foreign Travel

Medicare Supplement Plans

Original Medicare does not provide coverage for hospital or medical costs outside the United State. Some Medicare Advantage plans may provide coverage benefits for health care needs when you travel outside the United States. But travelers enrolled in the Original Medicare program or whose Medicare Advantage plan does not cover foreign travel — will need to purchase health insurance from another source.

Consider a Medigap policy that may offer additional coverage for health care services or supplies that you get outside the U.S. Read more…

Medicare Part B Premium for Higher-Income Retirees – 2018

Medicare Part B – Medical Insurance

The Medicare Access and CHIP Reauthorization Act of 2015 provides a framework for Medicare Part B Premium for Higher-Income Retirees. Medicare Part B covers physician services, outpatient services, and some home health and preventive services. It is financed in part by beneficiary premiums which traditionally had been set at 25% of estimated program costs.

Since 2007 higher income beneficiaries have had to pay higher premiums. Several income brackets were created with enrollees in higher brackets paying a greater percentage of program costs. Read more…

Medicare Changes in 2018 – Premiums and Costs

Liberty Medicare

The post below describes 2018 Medicare changes for Premiums and Costs for Medicare Part A, Part B as well as for Part D.

Medicare Part A Premiums and Costs in 2018

Medicare changes in 2018 for Part A include:

  • Part A premium 
    •  For individuals with 40 or more quarters of Medicare-covered employment: $0 per month ($0 in 2017)
    • For individuals with 30-39 quarters of Medicare-covered employment: $232 per month ($227 in 2017)
    • For individuals with less than 30 quarters of Medicare-covered employment: $422 per month ($413 in 2017) Read more…

What do you need to know about Medicare Prescription Drug Plan Changes 2018?

Medicare Prescription Drug Plan Changes 2017

Medicare Prescription Drug Plan (Part D) is used either as a stand-alone (Original Medicare with or without Medicare Supplement also known as Medigap), or as a part of Medicare Advantage with Prescription Drugs (MAPD). There are multiple Medicare Prescription Drug Plan changes in the Standard Benefit Plan for 2018. The Standard Benefit Plan is the prescription drug plan offering minimum allowable benefits. Read more…