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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 Medicare Supplement plans are sold by private insurance companies, and like plans in most other US States, they are standardized. Read more…
UPDATED on Dec. 13, 2018. What are the best Medicare Supplement Plans 2019? In this post, we provide an overview of how to Compare Medigap Plans (also known as Medicare Supplement plans) and give plans’ recommendations.
Original Medicare does not fully cover the allowable Medicare expenses. Only Medicare Supplement plans do cover all Original Medicare gaps (or most of them depending on the nature of the plan): deductibles, copayments/ coinsurances, and excess charges. They are sold by private insurance companies licensed in your state. Here is the list of the major benefits of Medicare Supplement Plans: Read more…
2016 Medicare Supplement Insurance – National Cost Analysis has been recently released. It shows the cost for the most popular Medicare Supplement plan (Plan F) in different cities and states. A particular attention is given to PERCENTAGE DIFFERENCE – a difference between the lowest cost and the highest cost of Medigap Plan F among different vendors. Here are the results. Read more…
People are typically very aware of the costs of Medicare Advantage or Medicare Supplement plans. However, this is not the case of selecting the Medicare Part D Plan. How to reduce Medicare Part D Cost? 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 the Medicare Open Enrollment Period. Read more…
UPDATED Mar. 6, 2019. According to Medicare rules, you are not allowed to enroll or disenroll in different parts of Medicare (Part A, Part B, Part C, and Part D) whenever you want. Instead, there are SEVEN different enrollment periods about the different parts of Medicare. Below we describe Medicare enrollment periods and rules of applying them when they are overlapping each other.
You may find the script for this video in the Initial Coverage Election Period (ICEP), Initial Enrollment Period (IEP) and other Medicare Enrollment Periods.
The 7-month period that begins 3 months before you turn age 65, or, in the case of disability, 3 months before your 25th month of disability. You can sign up anytime during the Initial Enrollment Period. If you sign up for Part A and/or Part B during the first 3 months of your Initial Enrollment Period, your coverage will start in most cases the first day of your birthday month. However, by waiting until you are 65 or older, your Medicare coverage will be delayed. As long as you’ve signed up for Part A and Part B, you also may use this period to sign for Part C and Part D. Read more…
Medicare Supplement Plans in Illinois, 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. Read more…
UPDATED on Oct. 27, 2023. Many individuals who continue working after the age of 65 often elect COBRA coverage (if they are eligible) rather than enroll in Medicare Part B. However, in most cases, this is not the right choice. Read below for more details of Cobra Medicare Trap. Read more…
Medicare covers Home Health Care, as long as you meet all of the eligibility requirements. Home health care is care provided to you in the home to treat an illness or injury. Read more…
The difference between inpatient and outpatient hospital status affects how much you pay for hospital services.
Most people get Medicare when they are turning 65, but there is also an option getting Medicare Under 65. In 1999 Medicare covered some 5 million people who are under 65 and disabled, a number that is expected to grow to more than 9 million by 2020. You will be qualified for Medicare if you are receiving Social Security Disability Insurance benefits (SSDI) for more than 24 months. But because you must wait five months before receiving disability benefits, you are actually must be disabled for 29 months before being entitled to Medicare. There is an exception from the 2-year waiting period. If you have Amyotrophic Lateral Sclerosis (ALS), then Medicare automatically begins the first month your disability starts.
Notice also, that Social Security, not Medicare, determines whether you qualify for SSDI checks. Read more…