Liberty Medicare Blog

Medicare Supplement Plans in Northern New Jersey – 2017

Medicare Supplement Plans in Northern New Jersey

Medicare Supplement Plans in Northern New Jersey, 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. New Jersey Medigap plans 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…

Transamerica has dramatically reduced their Medicare Supplement Plan N Rates

Transamerica has dramatically reduced their Medicare Supplement Plan N Rates

Transamerica Premier Life Insurance Company (TPLIC) has more than a century of experience and known for a wide array of innovative financial and health services and products, including Transamerica Medicare Supplement plans. Like all Medicare Supplement vendors, Transamerica Medicare Supplement operates in the world of Standardized Medigap Plans.  There are 10 standardized plans denoted by letter (Medigap Plan A through Medigap Plan N), each with its own set of benefits.  They help with your out of pocket costs that are not covered by Original Medicare Part A and Part B. Whatever vendor you choose for your Medigap plan, benefits are defined only by the type of plan you’ve selected, and not by the carrier. But premium for the same Medigap plan can be very different from vendor to vendor. Read more…

Medicare Enrollment Periods for Part A and Part B

In this post we’ll review the Medicare Enrollment Periods for Part A and Part B

Initial Enrollment Period (IEP) for  Part A and Part B

The Initial Enrollment Period (IEP) for Parts A and B is 7 months, starting 3 months before the month of your Medicare eligibility and ending 3 months after the month of eligibility. The month of eligibility is the month of your 65th birthday.

The effective date of your Medicare coverage depends on when you enroll. The later you enroll, the later your benefits begin. Read more…

Medicare Supplement Plans in Delaware – 2017

Delaware Medicare Supplement Plans - Delaware Medigap Plans

Medicare Supplement Plans in Delaware, 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 Delaware 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…

Welcome to Medicare Preventive Visit and Annual Wellness Visit

Medicare covers two types of visits. It covers a one-time, initial examination (known as Welcome to Medicare Preventive Visit) within the first 12 months you enrolled in Part B. It also includes a yearly appointment, known as Annual Wellness Visit, to discuss your plan of preventive care in the coming year. Annual Wellness Visit cannot be taken in the first year when you are eligible for the Welcome to Medicare Visit.  Both of them are NOT a head-to-toe physical. Read more…

Medicare Supplement Plans in Central New Jersey – 2017

Medicare Supplement Plans in Central New Jersey, 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. New Jersey Medigap plans 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…

The Best Medicare Supplement Plans in Pennsylvania – 2017

The Best Medicare Supplement Plans in Pennsylvania

Medicare Supplement Plans (Medigap Plans) serve the purpose of filling gaps in Parts A and B of Original Medicare. All Medigap plans are standardized and sold by private insurance companies. There are 10 plans, designated by the letters “A” through “N”. Each letter defines a plan’s benefits. Plans are standardized, which means any plan from one insurance vendor has benefits identical to the benefits of the same plan from any other vendor. The difference is just a premium; and it may be significantly different from company to company. That is why knowing about Medigap vendors with the lowest premiums may be of great value to our readers. We would like to share with you the best Pennsylvania Medicare Supplement Rates.

Medigap Plan F is the most popular plan. It covers all Original Medicare gaps and is offered by most vendors. You also may find other plans competitive with Plan F, such as Plan C or Plan G, but they are offered by a limited number of Medigap providers. Recently, Medigap Plan N became quite popular. It has lower premium but requires copayments for visits to doctors and emergency rooms.

Read more…

How to save money on a Prescription Drug Plan selection

How to save money on a Prescription Drug Plan selection

People are typically very aware of the costs of Medicare Advantage or Medicare Supplement plans. However, this is not the case of selecting Prescription Drug Plan. How to save money on a Prescription Drug Plan selection? People normally select a plan based on recommendations from friends or family members, rather than on their list of prescriptions. Very often the choice is made on the lowest Monthly Premium, rather than on the lowest Estimated Annual Drug Costs (including premium, deductible and all copayments). Once a plan is selected, people typically carry it in subsequent years instead of reviewing the available Prescription Drug Plans (PDPs) at Annual Enrollment Periods (AEP). Read more…

Medicare Changes in 2017 – Premiums and Costs

he post below describes 2017 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 2017

Medicare changes in 2017 for Part A include:

  • Part A premium (for people who pay a premium)
    • For individuals with 30-39 quarters of Medicare-covered employment: $227 per month ($226 in 2016)
    • For individuals with less than 30 quarters of Medicare-covered employment: $413 per month ($411 in 2016) Read more…