Most people become suitable for Medicare when they turn 65. Your Medicare enrollment steps will differ depending on whether or not you are collecting retirement benefits when you enter your Initial Enrollment Period (IEP). If you are receiving Social Security retirement benefits or Railroad Retirement benefits, you should be necessarily enrolled in both Medicare Part A and Part B. If you are not receiving […]
What Is Medicare Supplement Insurance? Medicare Supplement Insurance is an insurance policy that supplements Original Medicare (Parts A and B). It helps pay for the share of healthcare costs that Original Medicare doesn’t cover. Medicare Supplement or Medigap There is no difference between Medigap and Medicare Supplement Insurance. They are commonly two different terms for […]
Medicare Supplemental Plan N is one of 10 standardized Medigap plans accessible in most states. Like other Medigap basic benefits, this plan helps with certain costs that Original Medicare doesn’t cover, including cost-sharing expenses you may have for hospital services or doctor visits. Like other Medigap plans in most states, Plan N offers regulated benefits. This […]
Summary: Unlike Original Medicare (Part A and Part B) which is administered by the government, Medicare Supplement insurance plans are sold by private insurance companies and can help you pay for out-of-pocket costs for services covered under Original Medicare. These costs could be copayments, coinsurance, and deductibles, for example. What basic benefits Medicare Supplement may include […]
Retirement planning at any age can be challenging. Still, there are certain steps to take when you’re in your mid-60s and beyond to make sure you’re ready for those golden. KEY TAKEAWAYS Many people choose to continue working past retirement age for extra income or to stay committed. If you were born in 1960 or […]
