Comparing Different Medigap Plans

Comparing Different Medigap Plans

Many people above the age of 65 have enrolled for Original Medicare to cover many health care costs. It consists of parts A and B. However, Medicare does not provide insurance for all Medicare-approved costs. In addition, it does not guarantee most of the prescription drugs. It is designed to insure most approved hospital care costs (Part A) and about 80% of outpatient approved costs (Part B), leaving the direct balance. Basically, these are only two options available to provide insurance for these expenses. The first option is to enroll in a prescription drug Plan and a Medicare supplement plan. The second option is to enroll in a Medicare Advantage (Medicare Part C) Plan.

In addition to Plans A, B, C, and D, there are currently 7 supplemental Medicare Plans that you can choose (F to N). The advantages of each Plan are different in one way or another. One exception is the fact that all Plans must have basic benefit insurance. The 2020 Medicare Supplement Plans
were standardized in 1990 to minimize the confusion consumers encountered when comparing different insurance offered by different health insurers. Because of this standardization, it is now much easier for consumers to compare different benefits and cost comparisons between insurance providers. Therefore, the term “Medicare supplemental Plans” and “MediGap Plans” mean essentially the same and can be used interchangeably. Because there are many Medicare Plans available, it is important to research each one so that you can decide which one is best for your situation and personal needs.

When looking for complementary Plans and comparing ones you find, one of the first things you should know is that many websites that advertise these Plans are there just to collect personal information. Most of the time, instead of actually doing what they advertise, insurance providers will develop lead generators or buy them to achieve that goal. Basically, these companies do not know the right way to develop new business, so they resort to such rigid practices. Most companies want you to believe that they actually sell complementary Medicare Plans, but the truth is they’re just there to collect your personal information and sell it to different insurance agencies.

There are 2 ways you can determine if they are legitimate providers of Medicare supplemental health insurance. First, they will provide a toll-free number, and secondly, they will make a statement with the promise that they will not sell their private data to anyone. Compare prices during your search among the various companies who sell these various Medicare supplements. Trustworthy insurance brokers who operate in your area can provide such comparisons. For most cases, although the integration Plans offered are identical, prices will be different. Remember that you will gain a lot when you do a lot of findings so that you can make an informed decision by purchasing the appropriate Medicare supplement Plan for you.

Tips to Avoid Loneliness After Retirement:

Tips to Avoid Loneliness After Retirement:

Loneliness is one of the greatest enemies of the well-being of our elders. Therefore, here you will find escape routes and supportive environments to combat it and recover the desire to enjoy life in the company. The ideal is that older adults have an important role within the family and never feel alone. The main emotional needs of the elderly are met by a 2020 medicare supplement plan the need for esteem and recognition. They need to feel that they are part of society and their immediate environment.

Tips to overcome the trance of retirement:

  • The first of them let us help. And for this, it is essential to be able to ask for help from our loved ones.
  • The second of them would be to learn to remember, taking into account that the grieving process comes out remembering and not forgetting. Let’s forget that social context that surrounds this topic because it is very important.
  • The third is to learn to live in solitude. We have to be comfortable with ourselves alone, to be able to coexist with the memories and with the absence of the loved one.
  • The fourth would be to begin to handle in a symbolic way the processes of loss, through photos, objects, letters, etc. By handing with care all the valuables.
  • The fifth of them would be to establish and make a letter of reproach to someone special. Establishing by this, and avoiding the idealization of the person.
  • The sixth of them would be to try to establish a love letter in which we can express what we have felt and the good moments lived with that person.
  • The seventh of them would be to learn to live without the person we have lost. It is important to rebuild our lives little by little.
  • One can try to indulge in some productive and social activities to divert their mind from the emotional phases of his/her life by serving other people.
  • And this would be the ninth council, redo the life, and focus on short-term objectives because the long-term will come as one will go marking short guidelines and short-term objectives.
  • And the tenth and most important is to enjoy again, smile again and not feel guilty when you discover yourself laughing at a social event or with a group of friends or a group of family members. So with the help of these tips, one can mentalize his/her mind in a practical way and can live peacefully even when all alone in his surroundings.

Investment Advices for Senior Citizens:

Investment Advices for Senior Citizens:

Almost 75% of elders are not prepared financially for retirement, which, in part, responds to a wage disparity but also to cultural factors. The idea is to organize early for the future. However, it is common for consumers with “low or volatile incomes to be less likely to access products and services that help them achieve financial stability,” such as a 2020 medicare supplement plan, savings certificates, investment plans or care insurance on the long-term basis. But here are few of the advice that one needs to take care of, following it in a sequence.

Make a proper plan:

The first step is to know what your fixed payments will be and, if possible, how much you need to reserve for incidentals and thus calculate what is needed. To get the bill, make a budget for life in retirement and determine the age at which you plan to start using your security funds.

Take out the account:

The calculator available on the website of the American Association of Retired Persons (AARP) is an easy tool to estimate how much you need to keep for your retirement. Just answer some questions about your home, your saving and the lifestyle you want to have after stopping work to find the right number.

Learn saving options:

In a recent letter to his shareholders, a renowned billionaire gives wise investor advice that also applies to those who have their money in their retirement account: “It’s crazy to risk what you need and have to get what you do not need”. There are various platforms, web portals and other mediums to teach people in a simple way how to save for the future.

Choose your advisor well:

The main rule for hiring a financial advisor is to run away from those who charge a high proportion of your money for their services. However these payments for transactions and advice can put your future at risk. Many brokers sell financial products that have very high commissions and charges or surprise payments.

Use technology:

Technology can help you and these figures show: more than 90% of adults over 50 have a computer or laptop, 70% have a Smartphone and 40% use a tablet according to a recent study. If you have one of these devices you can use the investment engine created to defeat the distrust to invest their money. If you will keep these advices in the mind, you can surely manage your finance well.

The most popular choices of Advantage plans

The most popular choices of Advantage plans

For many senior citizens in the country, it may be quite difficult to choose the best 2020 Medicare Advantage plan. There are very many different alternatives and many senior citizens (or persons with disabilities) find it challenging to select the one suitable to them. Let us begin with some basic notions: Medicare “holes” insurance plans are formulated by Medicare. What this implies that every Advantage or Medicare policy are obliged legally to provide the same benefits and insurance to the same firms. In basic terms, every company provides the same plans; the only difference here is the price.

Currently, there are 10 supplement Medicare policies. The policies are embedded in a system of letters that range from Plan A to Plan N. Really there is no reason why they are labeled, but just to simplify the comparison as plans with different Medicare insurance firms or Advantage insurance companies. Below you will find brief information on the various Medicare policies available on the market. This will give you a good idea of ​​the policies recommended and most often bought by people like you. Although there are a total of 10 policies on the market, most policies are so similar in terms of cost and insurance that it is desirable to look for more diversified policies while maintaining good insurance.

As a rule, one of the most popular health care policies in the country is the Medicare F supplement policy. This policy guarantees 100% of the major gaps in Medicare. There are no additional payments, deductible and virtually no expense to be paid. However, a policy that has recently attracted a lot of attention from the elderly is G policy, complementary to Medicare. This policy works well as policy F, although it requires the deduction of the annual Medicare Part B allowance (i.e. $140 in 2012). This policy can be very useful because it is generally much lower than the F policy (and sometimes up to 20% cheaper).

The third option is the Medicare N supplementary policy and is also heavily purchased by the elderly who have joined Medicare. This particular plan is often one of the cheapest Advantage fonts and also offers less insurance than the other two fonts above. Advantage Plan N expects plan holders to cover Medicare Part B annual costs, such as G Insurance. However, they will also need to spend $20 for medical visits and about $50 for visits on emergency. This would be refused if the patient is in hospital for admission.

Overall, the F, G and N fonts of the Medicare supplement are the three most popular fonts on the market. Given the economic situation, many people are looking for good insurance at an affordable price. In this situation, the Advantage G Policy Supplement is often the recommended choice. It is recommended that Advantage insurance prices be compared; it is also recommended that an independent insurance agent specializing in Medicare insurance plans be consulted. Agents can provide plans to most insurance firms to obtain the best premiums in their area.

Getting Medicare supplement plans

Do you know about Medicare supplement plans? Are you planning to get Medicare supplement plans? If your answer is yes, you are reading the best article that will help you through the process. In this article we will discuss ways of getting Medicare supplement plans. Best Medicare supplement plan can be called best if it would cover more health care cost with very low premium cost. Medicare supplement plan with huge coverage can’t be the best if it has huge premium cost. Always select supplement plans that takes less from you and gives you more than it took. Else there is no importance of wasting money in premium because it would be better to pay the money wasted in premium as health care cost.

Medicare supplement plans are provided by private insurance company working in your start. Most of the insurance companies have their website where they publish details about Medicare supplement plans and also have query section where you can ask any question you would like to.

How to get Medicare supplement plans?

If you are unaware of how to get Medicare supplement plans, please go through the paragraph and you will learn what you need. For getting Medicare supplement plans, first of all you need to select the insurance company with you would like to buy the supplement plan. Then, you go thoroughly through the eligibility criteria of that particular insurance company for Medicare supplement plans. If you think you are eligible, you need to fill up an application form. The application form is available online. If you aren’t good at internet, you can visit their nearby office to fill up the form, where front desk staff will help you with the process. You also need to provide some document as per the policy of the insurance company before you take the Medicare supplement plans. Moreover, some of the company providing such insurance plan also have toll free number or helpline where you can contact to learn about the plans and ways to shop the plan. Medicare supplement plans are beneficial if you can make correct decision during selection of plans.

How to get best Medicare supplement plans?

One must have good comparison and decision skill to make correct choice of Medicare supplement plans from available option. First he needs to decide on which topics does he waste more money during medical checkup and health care. Then after he can select supplement plans which pay more for that particular topics. Get Medicare supplement plans for 2019 at

Tips To Reduce Your Out-Of-Pocket Drug Costs Part 1

Tips To Reduce Your Out-Of-Pocket Drug Costs Part 1

The first way to reduce your out-of-pocket cost of prescription drugs could be a Medicare prescription drug policy. If you do not have a prescription drug policy, you may be paying out of pocket for 100% of your prescription drug costs, since Medicare Part A and B generally do not cover the prescription drugs you take at home. You can get a Medicare Advantage Prescription Drug Policy or a separate prescription drug policy. Both policies could include expenses such as premiums, deductibles, co payments and co insurance. While the cost of prescription drugs can easily overwhelm you or your budget, there are several ways to reduce the cost of Medicare prescription drugs.

Evaluate your drug insurance every year.

Under the federal guidelines, separate policies for Part D prescription drugs and 2019 Medicare Advantage plans with prescription drugs may change each year. For example, they can add or remove drugs from the list of insured drugs that increase co insurance or co payment, or move drugs from lower to higher price categories.

Your policy may need to tell you when changes are made to the wording, so you generally do not have to worry about the list of detected medications changing without your knowledge. Keep in mind that the fact that you only pay $10 for a drug does not imply it will always cover your policy this year, not even your policy. Therefore, it is important to compare Medicare policies during the annual election period (also referred to as Medicare Open Enrollment) in order to ensure you get a policy with the lowest total cost based on the drugs you take. This schedule is every year from October 15 to December 7. When buying a policy, consider the monthly premium and the annual deductible, as well as the coinsurance or coinsurance of all your medications. Remember, a low monthly policy may cost more in the long term if you have to pay more for your medications.

Ask your doctor to prescribe generic medications

While there may be cases where brand-name drugs might be medically necessary, for most cases, low-cost generic drugs can also help treat your ailment. Generic prescription drugs in the form of dosage, potency, safety, route of administration, quality, performance, and intended use are similar to the brand names of prescription medications; according to the Food and Drug Administration (FDA).

Some doctors, unfortunately do not take into account the prices of medications when writing prescriptions. Therefore, it is up to you to get in touch if your doctor offers you a new prescription. Never be afraid to speak to your pharmacist or doctor to find out if there is a generic drug that is right for you. Some Medicare Part D policies offer treatments with generic drugs as low as $0. Therefore, asking your doctor for generic prescriptions could have a big impact on your budget.  For long-term medications, consider the use of a mail order pharmacy  If your package offers a mail order pharmacy in your network, you must compare the cost of using the mail order retail store with a retail pharmacy.

What Happens If I Have Medicare And I Do Not Have Any Prescription Drugs?

What Happens If I Have Medicare And I Do Not Have Any Prescription Drugs?

Are you insured by Medicare, but do not have prescription drug insurance? You may be eligible for Medicare prescription drugs. This insurance is optional, but if you ever need it, you can save money the first time you enroll in Medicare.

Original Medicare and your limited prescription drugs insurance

Original Medicare, Part A (or hospital insurance) and Part B (or health insurance), do not insure most of the prescription drugs you would take at home. Part A may refer to the prescription drugs you receive while you are hospitalized, while Part B may include certain prescription drugs that are given on an outpatient basis, for example, in a clinic.

What happens if I want to get Medicare prescription drugs?

If you are signed in to Medicare plan Part A and/or B, you can probably enroll in a Medicare Part D prescription drug policy. There are 2 types of Medicare policies that offer Medicare Part D prescription drug insurance:

Independent policies for Medicare Part D prescription drugs that work together with your Part A and / or Medicare Part B insurance  Medicare Advantage Prescription Drug Policies allow you to take advantage of Medicare Part A, Part B, and Part D in one policy. Medicare Part A (i.e. not your Medicare Advantage policy) will continue to insure hospice benefits.

Both independent Medicare Part D policies for prescription drugs and Medicare Advantage prescription policies are provided by private insurance companies under contract with Medicare.

How do Medicare prescription drug policies work?

Each Medicare prescription drug policy contains a list of insured prescription drugs known as formulary. This formulary may change at any time. If necessary, you will receive a notification from your policy. The medications prescribed in the formula are divided into different categories (or tiers). The highest levels include the most expensive drugs, while the lower levels list the most affordable prescription drugs. Therefore, it is important to keep in mind that not all Medicare prescription drug policies necessarily insure your medications. Before enrolling, you may want to review the policy’s formulary to make sure your medications are on the list.

Any Medicare policy that includes Part D prescription drug insurance may be subject to a monthly premium. You may also be responsible for an annual deductible, as well as co insurance or co payment. These costs vary among the policies.  How do I sign up for a Medicare policy that ensures the supply of prescription drugs?

The registration requirements are slightly different for a Medicare Part D prescription drug policy than for a 2019 Medicare Advantage plan prescription drug policy. Independent Medicare Part D – Prescription Drug Policies: You must sign in to Part A and/or Part B.

Medicare Advantage Prescription Drug Policies: You must have both Medicare Part A and B.

Both types assume they are in the policy’s service area.

In general, you can only enroll in a Medicare prescription drug policy at specific times: During the first seven months of the Medicare Registration Period, which normally begins 3 months before the month you turn 65, your month of birth will be included and will end 3 months after that month.

How To Avoid The Medicare Part A Deductible

Medicare part A and Medicare part B cover for your health insurance costs, but only up to a certain amount and only for limited health care providers and services. The Medicare Part A is designed to help with expenses due to hospital stay. This also includes skilled nursing facilities, hospice and in-home health services. The Medicare Part A deductibles, leaves you paying a whole lot out of your pocket too! In 2018, these expenses were as following:

  • The first 60 days of hospital pay you will need to pay up to $1, 100
  • After the 60 days, it is $275 per day
  • After 90 days it is $550 per day
  • All expenses after 150 days of hospital stay per year
  • Find a 2019 supplement plan at

For healthy individuals who don´t need to be admitted to a hospital, this won´t be a warning sign, as they won´t have to pay for this at all. However, imagine having a condition that will require you to stay in a hospital for a longer period of time? Imagine having an accident or injury, that will take time to heal? The bill can go so high, that some individuals are left ruined financially due to the high costs. If you have been worrying about this too, there is a solution available, that will give you a peace of mind. Enroll to a Medicare supplement plan!

A Medicare supplement plan that covers for the Medicare part A deductible will leave you worry-free. You will pay a monthly premium rate for the supplement plan and know, that if you ever need to be attained to hospital, your health insurance company will cover for it. Not only does it give you a peace of mind, it can also save you money in the long-run. Statistics say, that even if you only need a couple of days per year of hospice stay, it may save you money paying for the monthly rate instead.  The Medicare supplement plans that cover for the Medicare part A deductible, are: Medicare supplement plan B, C, D, F, G and N. There are two Medicare supplement plans who only cover 50% of these expenses: Medicare supplement plan K and M. The Medicare supplement plan L will cover 75% of the Medicare part A deductible costs.

These Medicare supplement plans are all available at different premium rate costs. Some of them, such as B or N, offer only a limited amount of additional expenses and are therefore cheaper. Plans, such as supplement plan C or G, who offer for more benefits will also cost you more. You need to look at the other benefits of these plans before deciding. Although it might seem smart to get the cheaper one, you might end up having to pay out of your pocket for other expenses, apart the Medicare part A deductible, such as for the Medicare part B deductible, part B excess charges, foreign travel and more. Compare different health insurance companies to find the lowest premium rate available for you!

How Medicare supplement plans help you avoid excess charges


High health care bills can become a great reason to worry. Sometimes, the financial state simply doesn´t allow for these unexpected, high bills, while health care might be necessary due to an unforeseen condition. This leaves many people sleepless and can even turn out to ruin some financially. Some people go in high debt due to health care costs and it takes them years to get out of this situation.

The good news is, there is a way of preventing this from happening to you. Keeping your health care costs under control is an important step. A good way of doing so, is by getting a Medicare supplement plan. A supplement plan you will need to pay for monthly, but it will cover for your health care expenses throughout the year. And to most, paying smaller amounts each month is easier than paying one high bill all of a sudden. In combination with Medicare supplement plans, there are tips and tricks on how you can avoid and lower your costs. One of these tips has to do with the Medicare part B excess charges!

Which supplement plans cover it

There are two Medicare supplement plans that cover for your Medicare part B excess charges. These are the supplement plan F and G. Both of these plans also cover many other expenses too, which is why the premium rate for these two is usually higher than the one for other supplement plans. The good thing is, you don´t really need a supplement plan to cover for the Medicare part B excess charges. If you´re looking into a supplement that doesn´t cover it, you can get it without worrying. There are ways of preventing you from having to pay for excess charges anyway!

The 2019 supplement plans can be quoted at

All supplement plans, apart from F and G, cover for other expenses but not the Medicare part B excess charge. And really, they don´t need to.

A Medicare part B excess charge is an amount you would need to pay out of your own pocket for a certain health care service. However, there are many health care providers who will only charge you as much as your health insurance company will cover. If you only visit these health care providers, you will not have any excess charges at all! While there isn´t an online list of which health care providers are a part of this Medicare agreement, you can find out by simply asking the health care provider prior to making an appointment. This is an easy way of saving yourself some unnecessary costs!

If you still feel like it is necessary for you to be able to visit any health care provider, even if they charge more than what the Medicare limit is, you can simply enroll to Medicare supplement plan F or G. When enrolled to these plans, you will be able to visit all health care providers, without having to pay anything out of your pocket!

Health Benefits for Retirees Continue to Decline

Health Benefits for 2019 Retirees Continue to Decline

According to recent industry reports, occupational pension benefits continue to decline. Many retirees have historically been able to rely on private or public retirement benefits on Medicare in the past, but this is becoming increasingly rare.

Employer-related health-related services can cover important gaps in Medicare programs. Additional coverage benefits can reduce Medicare’s deductibles and cost sharing. Limiting the amount that can be spent on pocket money, which often comes with extra coverage, is also often helpful to retirees.

Overall, the retirement benefits provided by a private or municipal employer in the field of health and medical services have helped many retirees to meet the high medical costs often associated with retirement.

The Kaiser Family Foundation recently reported that the number of large private employers offering employers with 200 or more employees providing benefits to health care retirees dropped to 23% in 2015 from 66% in1988.

Companies that continue to provide health benefits to retirees have made changes to lower the cost of benefits, including:

Limitation of the amount of financial liability of the provider

Changeover from defined benefit to defined contribution plans

Health care for retirees through contracts with Medicare Advantage plan

Creation of benefit programs through private health insurance exchanges

State employers were also not immune to the trend, but the type and extent of coverage offered by most states differs significantly from the coverage provided by large-scale health insurance companies.

In contrast to many private employers, state governments continue to provide some retirement benefits for retirees to attract and retain talented workers. According to a report captioned “State Retiree Health Plan Spending” published by The Pew Charitable Trusts and John D. and was published by Catherine T. MacArthur Foundation in May 2016.

All states with the exception of Idaho currently offer newly hired state employees a certain level of retirement benefits as part of their benefit package. Of the states offering medical services to retirees, 38 have committed themselves to contributing to the health benefits of the coverage offered. However, state employers also change the benefits of state pension insurance for state employees.

Among the changes for the states, at least one driving force is crucial. The Governmental Accounting Standards Board now requires states to declare liabilities for pensions other than pensions in their financial statements. The changes were required by the end of 2008 by all states. As a result of increased financial transparency, States had to review the costs of their post-employment benefits (OPEB) and to deal with their payment arrangements.

As retirement pensions account for the majority of state OPEB commitments, many states have made policy changes to address their upcoming obligations. Factors such as the date of recruitment, the date of retirement or the right to exercise, including minimum requirements for age and years of service, are now used by States to limit or vary the benefits of retired healthcare.

It should be noted that health plans for retirees are usually funded by the sponsors of the pay as you go plan.