Obamacare and its impact on Medicare Supplement

Obamacare which goes into effect January 1, 2014, should not affect the Medicare Supplement market. However, there were two possible concerns: elimination of the “first dollar” coverage, and Medigap surcharges. But it looks, as of now, that everything will stay the … Read More

Hospital Indemnity Plans for Medicare Advantage Members

Medicare Advantage plans typically have low premiums. But the plans include multiple deductibles, copayments and coinsurances that actually make them significantly more expensive. For example, the typical inpatient hospital deductible is $200-250 per day for the first seven days. The average … Read More

Medicare Supplement (Medigap) Statistics – December, 2012

Medicare Supplement Plans (Medigap Plans) are sold by private insurance companies licensed in your state. The prime purpose of the Medicare Supplement is to protect seniors from high out-of-pocket expenses not covered by Medicare Parts A and B of Original Medicare. These … Read More

Getting Low Cost Drug Coverage via Prescription Drug Networks

The recently published post How to Get Low Cost Prescription Insurance Coverage provides a list of guidelines that will help you lower the costs of your prescription drugs. The list, however, does not address the importance of Prescription Drug Networks and your pharmacy choice. Here is … Read More

Medicare Part A and Part B Premiums in 2013

Most people age 65 or older don’t have to pay a monthly premium for Medicare Part A because they, or their spouse, paid Medicare taxes while they worked 40 or more quarters of Medicare covered employment. There is, however, a … Read More

Medicare Preventive Services – 2013

Medicare now covers more preventive services than ever before. As the new services are added, Medicare coverage of preventive services may change at any time.  The table of Medicare preventive services is shown below. Some of the services are free, meaning … Read More