Category: Medicare Supplements

Today, we’re looking at Medicare Select plans: what they are, and how they may be beneficial to you.

I always say that finding the best plan for you depends on your unique situation, and that is really true in the case of Medicare Select.

Medicare Select plans are Medicare Supplements. ​The Select plans go back to the early 1990s, when they were first available in only 15 states. By the end of the 90s, they were available everywhere, in theory, but different states implemented them differently.

High Deductible Medicare Supplements

Today, we’re talking about Medicare Supplements, and one in particular: High Deductible Plan G. However, the very first high deductible Medicare Supplement plan was High Deductible Plan F.

If your Medicare Parts A and B effective dates are before January 1, 2020, a High Deductible Plan F is still available to you as an option, but for anyone with Medicare Parts A and B effective dates of January 1, 2020 or later, High Deductible Plan F is not available.

The reason for that is the Medicare Access and CHIP Reauthorization Act of 2015, which prohibited Medicare plans from covering the Medicare Part B outpatient annual deductible for all enrollees starting on Medicare January 1, 2020 or later.

We’re talking about Medicare Supplements, also known as Medigap plans. These plans work with Original Medicare and do exactly what their name says. They fill in the gaps in Medicare Parts A and B, those deductibles, co-pays, and co-insurance amounts that would otherwise be your financial responsibility. Confused about your Medicare coverage options?

Am I stuck with my current Medicare Supplement?

That’s a question we hear a lot. The answer is: no, you are never stuck in a Medicare Supplement plan. You always have options.

The rules that apply to Medicare Advantage and Medicare Part D enrollments and plan changes do not apply to Medicare Supplements.

Medicare Supplements are month-to-month contracts. You are free to change your Medicare Supplement anytime during the year.

Are your Medicare Supplement rates going up?

​You have other options.

Confused about your Medicare coverage options? Watch our free video: How to Find the Best Medicare Coverage Without Paying More Than You Need To…

Today, we’re looking at Medicare Supplement Plan F versus Medicare Supplement Plan G. These are two of the most popular Medicare Supplement plans available. They are also two of the most comprehensive Medicare Supplements available.

​If you are looking for comprehensive coverage in a Medicare Supplement plan, which of these two is better for you?

Today’s question is: why do Medicare Supplement prices go up?

When you have a Medicare Supplement, you can expect your rate to go up once a year. Very rarely, someone will end up having two increases a year.

So why do these increases happen, and more importantly, how can you mitigate these increases to keep your Medicare Supplement rate affordable when you’re on a fixed income?