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Understanding Medicare

What Is Medicare?

Medicare is a national, tax-supported health insurance program for people above 65 years and some with disabilities. If you have worked full time for 10 or more years over a lifetime, you are probably eligible to receive Medicare Part A (Hospital Insurance) for free. The Medical Insurance (Part B) is available at a monthly rate set annually by Congress. Some seniors are entitled to receive the medical insurance portion (Part B) free as well, depending on their income and asset levels. For more information, inquire about the Qualified Medicare Beneficiary (QMB), Special Low Income Medicare Beneficiary (SLMB), and Qualifying Individual programs through your county social services office.

How Does Medicare Work?

Medicare is actually two separate types of insurance–hospital and medical. It is not intended to cover all your medical expenses. Hospital insurance (Part A of Medicare) covers medical treatment and surgical procedures performed in a hospital. It also covers hospice, home health, and limited skilled nursing care. Medical insurance (Part B of Medicare) covers part of the cost of doctor bills, outpatient care, medical equipment, and lab and diagnostic tests. With the Medicare modernization act of 2003, Medicare Part C (Medicare Advantage) and Medicare Part D (Prescription Coverage) also became available, through private insurance companies.

How Do I Get Medicare?

If you are receiving Social Security benefits prior to turning 65, you should automatically receive notification of your enrollment in Medicare shortly before your 65th birthday. Other individuals must apply by calling or visiting their Social Security office to receive Medicare. If you are not yet receiving Social Security or if you have not received a Medicare enrollment notice, you should contact the nearest Social Security office for information. Applications for Medicare can be made during a seven-month period beginning three months prior to the month of your 65th birthday. IT IS BEST TO APPLY DURING THE THREE MONTHS PRIOR TO THE MONTH OF YOUR 65TH BIRTHDAY. If an application is made during that time, coverage will begin on the first day of your birth month. Applying later will delay the start of your benefits. You can also apply for Medicare from January 1 through March 31 every year after your 65th birthday. Your coverage then starts July 1 of the year you signed up and you will pay a 10 percent surcharge on the Part B premium for every 12 months you were entitled but not enrolled.

 Get Medicare Supplement rates here

Explore the Medicare Supplements Plans

Medigap is one of the best alternatives that exist in the whole world in terms of complementary plans for medical insurance. Since it came to light has become the favorite of the public and this is due to all the benefits it has for you. Best of all, there are many things that make Medicare Supplements Plans your best choice after you already have Medicare.

On the one hand, it is very important to know that Medigap only covers the parts that your Original Medicare Plan does not reach. This means that if you do not previously have a Medicare insurance policy, you will not be able to obtain this complementary plan.

Another curious fact is that the Medicare Supplemental plans are not purchased directly with the people in charge of the federal health program but it is done through a Private Institution which will give you all the necessary information. In addition, so that you can go to acquire the Medicare Supplements Plans you must do it within the established period of time, only then you will be able to join this new modality. Outside of the dates, it is difficult to guarantee the Medigap policy.

Likewise, Medicare Supplements Plans are divided into different options. There are 10 plans called Plan A, B, C, D, F, G, K, L, M and N which vary in different things. Some of them are your coverages.

Some may just cover some things such as hospital stays in case of an emergency and leave exams aside. As well as there may be other plans which concentrate on covering the bills of the most expensive exams.

Some plans even offer you coverage only for routine exams so that for others you should use your own pocket. And another, they cover what is the part of the medicines. On the other hand, the one you choose must adapt to all the needs you have, otherwise, you can not be completely protected by Medigap.

Whichever Medicare Supplement Plan you choose, you should know that you have to pay some premiums monthly. This means that when a certain date arrives in each month, you have to allocate a specific amount that corresponds to the payment of the Medigap plan premiums that you have chosen.

The validity of these plans depends on each one. It may be that the one you have chosen lasts a year but there is another one that only covers for 6 months, this may vary since each plan is very different from each one. Even so, all Medigap plans have a renewal option.

Automatically at the time they expire, you have the opportunity to go with your insurance advisor to renew the policy of your Medicare Supplement Plan. Even that moment is the right time to add more new things to your policy so that your coverage expands.

Exploring all the plans that Medigap has for you is an adventure that you will surely want to have. So go ahead and do it.


How Medicare Supplement Plans Work

Medicare Part A and Medicare Part B are medical insurance plans to help pay the medical costs a senior may incur as they get older. The only problem is they only cover 80% of your medical expenses and the 20% left will be the sole responsibility of the recipient. There are Medicare Supplement Plans 2018, also known as Medigap, which are offered to a person to help with the 20% expenses that one will have left after Medicare pays their amount.

There are many Medicare supplement plans to choose from and one needs to look carefully to see what will meet your medical needs. Some plans with cover you if you were to travel abroad and had an accident or illness or cover excess Medicare Part B expenses. Basically a Medicare supplement plan fills up the gap that Medicare Part A and Medicare Part B will not include.

Depending upon where one lives, and you are under the age of 65, you might have Medicare because of an illness or disability, amyotrophic lateral sclerosis or end stage renal illness. The states are not required to give Medicare supplement plans to people under the age of 65. If you are and have Medicare, you should contact your states insurance facility to see if you are suitable for a Medical supplement plan.

One must consider that Medicare Part A and Medicare Part B do not cover prescription drugs. There are plans to help with this expense and you would be wise to look into these Medicare Part D insurance plans. These plans are available to those who have Medicare Part A and Medicare Part B.  Medicare supplement plans can only be acquired if one has Medicare Part A and Medicare Part B so one needs to join those first.

If you have Medicare Part A and Medicare Part B they will pay 80% of your medical expense you incur because of an accident or illness. The remaining 20% of medical expenses will be taken care of by a Medicare supplement insurance plan. There are many plans available to meet your medical expenses and cover various health concerns. One will need to look closely at all the plans to see what will cover your unique medical concerns. Another consideration is the cost of the premiums you will incur monthly. Please note that where you live will determine the amount of the premiums for each plan.

Medicare Supplement Plans

Are you someone who goes to your physician regularly or sees a specialist frequently? If so, you may need to understand that Medicare Part A and Medicare Part B will not cover all the medical expenses you may incur. A Medicare supplement plan, also known as Medigap, will cover those expenses such as copayments, deductibles and coinsurance.

There are 10 standardized Medicare supplement plans and they are lettered from A-N. Plans E, I, J, and H are no longer issued. Private insurance companies may not offer all the other plans, but they do offer Medicare supplement Plan A.  With that plan, they must also offer Plan C or Plan N and other Medicare supplement plans.


No matter where you live, each Medicare supplement plan is standardized and will be the same at every insurance company you may visit for your insurance needs. So if you get a Medicare supplement Plan G in Texas, it will be the same Plan G in South Dakota. In Massachusetts, Minnesota and Wisconsin the Medicare supplement plans may not be the same as in other parts of the nation. Another consideration is that Medicare supplement plans 2018 do not cover drug prescriptions, dental, vision, hearing aids, but they do cover these:

Medicare Part A coinsurance amounts up to 365 days after benefits are gone.

Hospice care and copayments or coinsurance.

Medicare Part B coinsurance or copayments.

First three pints of blood used in a medical procedure.

Some plans have extra coverage. Such as the Medicare supplement Plan F which has these extras:

Medicare Part B preventive care coinsurance

Skilled Nursing Home care coinsurance

Medicare Part B deductible

Medicare Part A deductible

Medicare Part B excess charges

Foreign medical expenses


Supplement plan cost

All insurance companies will offer the same lettered plans, they will differ in the costs of their monthly premiums. One really must be very careful looking at all the plans available to see what will meet their medical needs. The other consideration is the cost of the monthly premiums they will be prepared to pay for all that is offered in those plans.


When one reaches the age of 65, they are eligible to join Medicare Part A and Medicare Part B.  You may also get a Medicare supplement plan to cover the 20% Medicare does not cover. This needs to be done with 6 months of joining Medicare, so your existing medical conditions are covered and your premiums will be lower than if you wait until you are older.

Synopsis on Part B Medicare Supplement plans Late Enrollment Penalty

Are you new to insurance and do you know the details of Part B Medicare to sign up the moment you become eligible? Yes, there is a need to sign up, else for Part B Medicare supplement plans, you will be charged late enrolment penalty.


Apart from this you also have to wait for the Part B coverage to enroll until the enrolment general period. However, you can escape the penalty charges, if you are qualified for SEP, the special enrolment period.


Medicare supplement plans, Part B covers physical therapy, outpatient test, procedures and also doctor expenses. For many, the Part B pays to get enrolled on eligibility, particularly when the months revolve around your 65th birthday.  If you delay, there are chances that you may not get the required medical coverage on your need. Besides, enrolling late, means paying penalty all your life.


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Part B Late Enrollment Penalty, what is it?


The penalty for late enrolment is imposed for not signing up Part B on eligibility. Paying a penalty cannot be avoided if you get enrolled late and you have to pay every month until you have the Part B Medicare. Medicare supplement plans 2018 help pay deductibles and co-pays in Medicare.


The penalty works as this:

  • In case on 30th November your IEP ends, you signed on 25th January, means you have got enrolled in the next enrolment open period. Here you did not delay a 12-month time go away and so you need not pay any sort of penalty.
  • In case on 30 December, 2013 your IEP ends and you failed to take Part B until 31 March, 2017, means you have delayed for almost 3 and half years to get enrolled. It means it is accounted as 12-month full three periods and you will have to pay every month a penalty of 30 percent.


How to Avoid Penalty

As you turn 65, get enrolled in Part B, particularly in the (IEP) initial enrollment period. It begins before three months of the birth month and the time ends after three months of your birth month. It means if on 15th June, it is your birthday and you attain 65 years, you may get enrolled between 1st March and 30th September.


If the IEP period is skipped and you fail to enroll with Part B, you can sign during 1st January to 31st March that is the general enrolment period each year of Medicare supplement plans. On enrolling at this time, it is only from 1st July that you receive the coverage. It means you are without insurance for this period and god forbid you should not have any injury or sudden illness.




In the course of recent years, the issue of healthcare and therapeutic administration provision has been a hotly debated issue. This has been encouraged by the progressing monetary subsidence. In order to cater for the general population, the government has planned health approaches including the Medigap insurance. Otherwise called the Medicare Supplemental Insurance, this policy takes care of the medical expenses and costs for example the specialist’s visits, drugs prescription, indicative testing and general expenses of hospitalization. Be that as it may, this cover does not cover for each cost and recipients of this cover need to pay a few segments of their costs.


The Supplement Plans


Notwithstanding the supplemental strategies there are other health insurance techniques as plans. The best Medigap plans in 2019 are effectively detailed and are intended to meet the specific needs of individuals. Some of these plans include the Health Maintenance Organization (HMO), the Preferred Provider Organization (PPO), Medicare Special Needs Plans, Programs of All-Comprehensive Care for the Elderly (PACE) and Private Fee for Service (PFFS). For simple distinguishing proof, the initial four are characterized in the sorts area. Through the sorts segment, they are commonly alluded to as the Medicare Advantage Plans. These plans are overseen by the privately owned businesses however regulated by the Federal Government. The most common plans are the HMO and the PPO.


The Benefits


Through the Medicare Supplements, individuals have obtained huge benefits. To get into specific benefits, there is requirement for us to take note of that there are 11 arrangements which are otherwise called A through L. On account of K and L arrangements, individuals can get doctor’s facility benefits regardless of whether they have constrained money related backing. The F and J approaches are the economically accessible yet are loaded down with high deductibles.


Applying for Medigap Cover


Applying for the different Medicare supplemental Plans in this policy can be a troublesome assignment and long process. The interest for this policy is likewise expanding and individuals need to be secured inside the briefest time conceivable. The application procedure starts by investigating your funds. This guarantees there is satisfactory money related planning. Likewise, you can decide the most ideal and reasonable policy. Think about the mandatory deterrent care medications and any costly medication solutions. In the event that there are visit medications then it is prudent to get an arrangement that will cover the normal costs. Calendar a meeting with an operator and talk about the conceivable choices.


Note that the Medicare supplements can’t be purchased through one’s healthcare supplier. They are accessible through the privately owned businesses. They are intended to go about as extra insurance giving additional restorative coverage. So as to continually appreciate these health advantages, a month to month charge must be paid. Defaulting in instalments can be exceptionally sad and unfavorable to one’s credit. This can be averted and maintained a strategic distance from by getting the significant help from the operators and privately owned businesses on the loose. This help does not really need to help the individuals who are monetarily obliged.

Plan G or F?

If you somehow bought a new car, what might be more important to you? The brand or the quality of the car? Suppose you truly respect Lexus as an extravagance brand. In any case, shouldn’t something be said about the Toyota? It has similar highlights, quality, security; the main distinction is the brand. What might you do? Which car would you choose?


Presently, I realize that obtaining a car isn’t the same as acquiring a  Cigna Medicare Supplement plan in 2019.


There are 11 Medicare Supplement plans, alongside a high-deductible adaptation of Plan F. In any case, the first Plan F has turned into the official champion of the Medicare Supplement world, leaving every single other plan in the tidy.


Plan F has been showcased as the most elite, the extravagance car of the Medicare Supplement line. Be that as it may, numerous purchasers are never officially acquainted with Plan G. There are a couple of reasons this apparently indistinguishable plan has been kicked to the check amid deals introductions.


  1. It costs less, consequently operators will make a smaller commission significance Plan G isn’t as lucrative as offering the expensive Plan F


  1. Agents market this plan as a “bother” contrasted with Plan F; which means customers are scared into deduction Plan G would require more effort on their part.


We should talk about the principal reason. The normal distinction in cost between Plan F and Plan G is about $20-$30 (not real normal, yet rather my very own appraisal). This comes to generally $300/year in investment funds, or as a specialist would see it, $60 not as much as a Plan F would earn in commissions. This may not sound advantageous to a specialist’s plan, but rather in case you’re offering 100 approaches like clockwork that is about $6,000 down the deplete. Sound advantageous at this point?


It’s hard to way your sentiment on Plan F. A significant number of you feel that Plan F is the main plan worth your cash. The main contrast between Plans F and G is a little, minor thing called the Part B Deductible. This deductible expenses $147/year, and must be spent totally before Medicare or your carrier will cover anything. We should do some more math. Even if switching to a Plan G could spare you $25/month, you would in any case be sparing $153/year even with paying the $147/year Part B Deductible.


It’s a problem, yet a few people forego paying that $147/year out-of-pocket (it’s a deductible, you don’t need to send a bill anyplace) with a specific end goal to spend about $20-$30 progressively a month on the Lexus of Medicare Supplements.


Without a doubt, every one of your companions may have the shiny, new Plan F, however you could get a similar coverage for less and turn into the Medicare Supplement master of the gathering. On the off chance that my leads are agreeable, I endeavour to steer them towards Plan G. I’m not generally successful, but rather I trust Plan G will turn out to be more famous later on.

Why Use Medicare Supplement Insurance

Medicare supplement insurance is best for you to apply to because of many reasons. It provides a lot of benefits and accessibility. Some of the best Medicare supplement plans for 2019 are:

Additional Benefits

If you must know, the original Medicare plans only cover your part A and part B program after you reach the age of 65. Part A includes your hospital insurance while part B covers your medical insurance however within these two, the original Medicare plans doesn’t pay for almost everything. This is where the Medicare supplement comes in, any additional costs that come within the range of part A and B program are covered by supplement insurance policy.

Travel Coverage

Some of the best Medicare supplement plans for 2019 covers your back when you’re travelling abroad or outside or U.S. in other words, if you are travelling and you fall ill or suffer some other emergency then Medicare supplement will provide you with its help. However, keep in mind that the travel policy comes with an additional appeal i.e. make sure you discuss this with your doctors by telling them to enroll you in the type which covers the travel emergency expense.


Once you enroll into the Medicare supplement program, then you are guaranteed to be accepted. Some insurance plans take a lot of time in accepting another member but the best Medicare supplement plans for 2018 covers this option by providing you guaranteed acceptance whenever you apply.

Extra Rates

It is also notable that Medicare supplement doesn’t cost you higher because of your health conditions however this arrangement works when you apply or enroll yourself during the specific period Medicare supplement offers. This enrollment period basically consists of the six months period starting the month you turn 65 and already are enrolled in Medicare part B program.


In Medicare supplement plans, you can visit or get yourself checked by any doctor who participates in Medicare. You can also opt any facility or hospital provided they do participate in Medicare.

Decision Period

With Medicare supplement, you are allowed to think over your option for at least 30 days. During these 30 days, if you wish to discontinue or go through with the plans Medicare supplement offers, then you are allowed to do so. However, after the 30 day trial, you will have to continue no matter what. According to some, you can still ask for a change but through referrals however the authenticity of this is yet to be questioned.


Retirement and Depression

Retirement is a beginning of a new life, you adopt a whole new lifestyle where you have no idea how to spend your free time. This transition from working life takes time and it can become a cause of depression in many seniors.

Consider the following example: Mr. John wakes up at 7’o clock every day. He is a banker, passionate about his work. He goes off to his office at 9’o clock and has a fixed schedule for his day which he pretty much follows for the rest of the week, month and years. Now think for a moment what will happen if he has to quit working altogether. For some people, it would mean a period of fun and relaxation, a time to shed all your responsibilities, to truly enjoy life but sadly for many, it leads to frustration and anger.

Every person experiences the emotion of sadness every now and then and it is perfectly fine. However, what most people fail to realize is that if these feelings linger on for an extended period of time, it is maybe a sign of depression. Factors of depression at the phase of retirement are numerous. Most people are completely engrossed in their jobs so when these professionals have to settle for a different lifestyle, they experience emptiness and loneliness. This can lead to depression if not handled properly.

The physical symptoms of depression can also not be ignored. Exhaustion, lack of sleep, fatigue and a sudden dramatic change in weight are the alarming symptoms of depression an individual can face after he retires. The question is what you can do to combat depression after retirement? There are plenty of steps you can take to prevent, identify and tackle depression.

Preventing Depression after Retirement:

Many people feel an immediate sense of excitement and euphoria after retiring but usually it is short-lived. Monotonous and dull daily life can take a serious toll on your health. Here are some helpful tips to get you back on track.

  • Plan for tomorrow

It is never too early to start thinking about your needs after retirement, writing them down is even better. Your time belongs to you and you should have a clear idea of what to do with it. Do not wait till retirement, make clear goals and plan ahead on how you will achieve them.

  • Schedule activities


Do not fool yourself by thinking that retirement will mean waking up late and doing whatever you want, your days will quickly turn into an endless chaos of boredom. Instead, plan your activities in a proper manner. Establish a workable routine and make sure you stick to it. Give equal time to physical and mental activities, spend time with others and work on your own happiness.


  • Aim for a balanced lifestyle

Staying in shape is beneficial for both physical and mental health and as you age it becomes more important. Maintaining a healthy lifestyle is therefore a crucial part of your well-being. Eat a balanced diet, stay active and go for regular health checkups. Also, consider building social connections, attend sport events, travel and join community groups.


It is never too late to think about your future. A good health-care plan will ease your transition to the next phase of your life with less difficulty. The search for the right plan is now easier and well within your reach. Check out Medicare supplement Plans for 2019 and select one according to your needs and requirements.


  • Seek Help

If you feel that you are noticing depression symptoms for quite some time, it is better to seek professional help. There are different treatments, counselling, medications and cognitive behavioral therapy which can help patients. Stay busy and happy and do not ignore any signs of depression to combat it on the earliest stages.

Benefits of Health Insurance After Retirement

One of the biggest expenses after retirement is the healthcare expense. Most people spend a good amount from their retirement fund on buying insurance plans. The question here is that which health insurance plan should be considered for a hassle-free process. There are a huge number of health insurance policies that offer different type of coverage and it is recommend opt for Medicare Advantage Plans for 2019 as there are various benefits of this plan.

After retirement, the income reduces and on the other hand, the medical expenses begin to increase with age. So just compare the cost of hospitalization due to common sickness for two days on self-finance and on company’s insurance coverage, you will see a big difference which is the major reason why people are moving towards Health insurance policies.

Most of the Health insurance policies cover the annual checkup costs which seem to be unbearable in the escalating healthcare costs nowadays on self-finance. Negligence in the annual checkup will keep you uninformed of the diseases which can be treated now but can be fatal if the diagnosis is prolonged.

Medical emergencies and accidents can happen anytime and anywhere. There is a possibility that you are short of funds on that specific time. So medical insurance plans keeps you sufficiently covered to bear the sudden medical expenses. Moreover, one should consider buying family medical insurance as the medical emergency can happen to anyone. One more benefit of family medical insurance plan is that it is relatively inexpensive than individual medical insurance of all family members.

Beside bearing medical costs, some insurance policies take care of the costs of medicine, mobility from home to hospital and vice versa and other miscellaneous healthcare costs. Some Healthcare insurance plans also cover the outpatient care facilities. Bearing the costs each time a doctor visits you can be a burden on your shoulders. In such situations, healthcare insurance policy saves your day.

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When you are paying yourself for the treatment, you generally ignore the need to go for psychological treatments, behavioral health treatments and counselling to reduce stress only because of the costs. Some insurance policies cover the expenses of psychological treatments too so you can visit your psychiatrist for routine counselling sessions.

Many health insurances policies also cover your routine laboratory tests which are necessary for whatever medical treatment you are going to have. Moreover, the expense of the services like eye care and dental care are also covered in some health care plans. Therefore, at the age of retirement, buying a healthcare plan to ensure the hassle-free treatment of your ailments is the best utilization of your retirement funds.