A Medicare Supplement insurance plan, also known as Medigap helps you to pay the healthcare-related costs that are not covered under the Original Medicare. This includes the cost of co-payments, deductibles, and co-insurance. Also, there are certain services covered by this supplemental insurance plan, which are not covered by the Original Medicare
Read MoreAccording to the National Council of aging, there are more than 10,000 citizens across our country who enroll for Medigap plans. The most confusing aspect about having a Medigap policy is, Why does one need it when they already have a Medicare policy? The answer to this is simple. Medicare plans do not provide coverage for every medical condition.
Read MoreMost individuals are covered under the original Medicare policy. However, they are not aware of the fact that Medicare does not cover dental expenses. It does not provide for dental care, supplies, dental procedures like cleaning, fillings, dentures, tooth extractions, dental plates, or any other devices. If you get admitted to a hospital, Medicare
Read MoreA lot of individuals receive health insurance through a plan sponsored by their employer. However, if you are not working or have retired, you will have to look for a plan yourself. A lot of individuals sell health insurance plans to meet the needs of elderly citizens. Those above the age of 50 might find it difficult to find an insurance policy wh
Read MoreMost of you must be enrolled in the Original Medicare Plan A and B. But if you want to have all the medical costs covered, the Medicare Plan F is an ideal option. The plan will help you with additional costs like coinsurance, deductibles, and copayments. Original Medicare does not pay for these costs. Medicare Plan F has the maximum coverage and it
Read MoreInvesting in health insurance is very important for individuals of any age. A health insurance policy is like an umbrella on a rainy day. It will keep you safe from the increasing medical expenses and the cost of hospitalization in case of an illness. Different health insurance plans operate differently and it is best to understand their features a
Read MoreMost people opt for Original Medicare, which is Part A and Part B. However, the Original Medicare plan tends to leave a gap in your coverage, and therefore, you may have to deal with many out-of-pocket costs. Thats when the best Medicare Supplement plans come in handy. These supplement plans help to fill in the gap between the Original Medicare cov
Read MoreAs per statistics revealed by the National Association of Dental Plans, more than 46 million people, aged 65 and beyond, in the country do not have a dental coverage, although most of them suffer from some or the other dental problems. Considering that elders are highly susceptible to dental ailments, it is important to maintain oral hygiene for th
Read MoreYou must have heard the term Medicare Part B very often when talking about health insurance, but how aware are you of what it means and how it works? Medicare Part B is an important term related to health insurance and is a part of the Original Medicare, which covers the supplies as well as services that are important for your health and well-being
Read MoreStarted in 1965, Medicare programs have been providing affordable medical care to seniors. Funded by the federal government, Medicare made healthcare accessible to senior citizens who found it difficult to pay for their medical expenses with their fixed post-retirement income. With a major proportion of baby boomers (people born between 1946 and 19
Read MoreBurial insurance, also known as final expense insurance, is basically an insurance policy set aside by individuals to cover for their funerals and burials. There is no benefit that may be reaped from this insurance, except that the expenses incurred after the death of the individual are paid off without any hassle.It is a very well-thought insuranc
Read MoreThere are various life insurance policies that are tailormade for senior citizens. One such policy is known as a guaranteed universal life insurance; it offers affirmed death benefits but may be maintained with affordable premiums. The premiums could be as much as what an individual might have to pay if he or she undertakes a term life insurance po
Read More