The first real fork in the road when you enroll in Medicare is deciding whether you want “Original Medicare” and a Medigap plan or you want to enroll in a Medicare Advantage plan. Here are a few things you need to consider.
There are several variables that affect what you pay for Medicare.
As you know, there are several components of Medicare, so let’s try to break down the cost of each:
Generally speaking, you can apply for a Medicare Supplement (Medigap) plan anytime, but there’s a very important distinction you need to know.
Medigap Open Enrollment Period
The best time to purchase a Medicare Supplement plan is during your initial enrollment into Medicare itself. This initial enrollment period, sometimes called your “Medigap Open Enrollment,” begins the first day of …
To understand Medicare Supplement plans, let’s take just a moment to make sure we’re clear on Medicare itself:
Medicare Part A essentially covers hospitalization.
Medicare Part B basically covers doctor visits and other outpatient services.
Together, Medicare Part A and Part B are what is typically described as “Original Medicare” or standard Medicare. Most people are automatically enrolled …
While Medicare covers a lot of your health-related expenses, it does not provide help with dental insurance.
So for most dental care like cleanings, fillings, tooth extractions, dentures, dental plates, etc., you’ll be on your own.
Medicare Advantage plans may choose to offer dental insurance as part of their plan, but you’ll be limited to their network of …
People (like us) throw around the term “Medicare Supplement Plan” a lot… but what does it mean?
A Medicare Supplement Plan fills in some or all of the coverage gaps in Medicare Part A and Part B, which are what you can think of as standard Medicare.
Standard Medicare doesn’t cover everything – there are certain out-of-pocket …
What if I told you that you could get up to $500,000 in term life insurance coverage without any nurses or needles?
For many people, the dreaded “paramedical exam,” where you get poked and prodded by a nurse, is the greatest hindrance and hesitation to getting term life insurance.
We work with multiple life insurance companies that …
If you’re looking for answers to this question, we’re going to assume you’re broadly familiar with the concept of a health-sharing ministry.
If you’re not, this is a good place to get a brief overview.
Health-sharing ministries are experiencing rapid growth as thousands of people are seeing them as a more affordable alternative to Obamacare health insurance.
Open Enrollment for individual health insurance is over for 2017.
Every year we hear from people who need health insurance outside of Open Enrollment. In certain circumstances you can qualify for a “Special Enrollment Period,” but otherwise Obamacare will not be an option.
So what can you do?
For many people, a short-term health insurance plan is the best option. …
Does your health insurance plan give you any help with dental costs?
If you have a “BlueEssentials” plan with BlueCross BlueShield of SC (and if you have a Marketplace plan, it’s with BCBS), your plan includes a little bit of help with costs related to preventive dental care.
All BlueEssentials plans include dental allowances for adults and …