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Medigap insurance policies are frequently overlooked despite the benefits they offer

January 9, 2023January 7, 2023 Marc

About 14 million Americans own a Medicare Supplement policy, including seniors for whom it is viable. Medigap (Medicare Supplement) insurance is often left out of the spotlight when compared to Medicare Advantage, though it has a considerable amount to offer Americans, including seniors, for whom it is a very viable option. Medicare Supplement policies are carried by millions of Americans, but not all options are equal. This year, the American Association for Medicare Supplement Insurance has focused on the delivery of two central messages for consumers regarding Medigap coverage. The…

How proper insurance planning can save a financial life

October 17, 2011May 7, 2013

Breast cancer awareness month, October, is reminding people of the importance of proper insurance in order to protect themselves, their businesses, and their financial wellbeing in the case that they should receive a cancer diagnosis. Current statistics show that one out of every eight women will receive a diagnosis of breast cancer in their lifetimes, and the impact on their financial lives can be catastrophic. The Macmillan Cancer Support Charity’s data shows that among all cancer sufferers, 36 percent must face a significant decrease in their household income following a…

An overview of Medicare plans and what they cover

October 15, 2011October 15, 2011 Julie Campbell

Medicare health insurance is a program that is federally administered and is made available to people with certain specific forms of disability, permanent kidney failure, or people who are 65 years of age or older. There are several different types of Medicare plans, the basics of which are as follows: • Medicare Part A – provides coverage for hospital care (among institutions that accept Medicare) and has no monthly premium for its beneficiaries, as long as they have been employed and have paid FICA taxes for a minimum of a…

Medicare supplemental health plans may be facing new limits

October 11, 2011October 11, 2011 Julie Campbell

Supplemental health plans for Medicare insurance beneficiaries may soon be facing cutbacks as a result of the major reductions being made in the budget as a result of the special U.S. Congress deficit reduction panel. Medigap insurance plans provide additional coverage for many elderly people who have Medicare. These are individuals often live on fixed incomes. They rely on Medigap to protect them from the many deductibles and expenses for which Medicare does not provide coverage. A lobbyist that has been keeping track of the latest “super committee” developments explained…

Answers you should know to the FAQ’s about Medicare

October 1, 2011October 1, 2011 Marc

Though it may feel overwhelming when you are faced with the most common questions to Medicare and Medicare Supplement Insurance, in truth, it doesn’t take hours of research to know what options are available to you. The most commonly asked question is regarding the difference between Medicare Advantage (MA) Plans, and the Original Medicare. The fact is that there are a number of important differences between them. The original plan is government Medicare, whereas MA is private Medicare. The two plans involve comparable out-of-pocket expenses. An MA plan is essentially…