What Are Medicare Supplement Plans(Medigap)?

What Are Medicare Supplement Plans(Medigap)?

Medicare Supplements Plans Fix the “Gap” in Medigap. What Is The Gap In Coverage? Medicare Part A- Inpatient Hospital Stay- Days 1-60 $1632 Deductible Days 61-90 $408 per Day Days 91-150 $816 Per Day Medicare Part B- Medical Coverage- Annual Deductible-...

DUAL PLANS

Medicare Dual Plans are Special Needs Plans specifically for individuals that have both Medicare and Medicaid. Remember, Medicare is a Federal program where as Medicaid is a State program administered at the State level and called by different names depending upon the...

Medicare Web Site

The Medicare web site is a great source of information for all of your Medicare questions. Like your Medicare and You Guide, it can be overwhelming making it difficult to find the information you need. Your Medicare Advisor can help you with that. Once signed up for...

Medicare Supplement or Advantage: Who is Primary?

I seem to asked this one a lot and the answer I give is always the same. When you get on a Medicare Advantage Plan the Insurance Company becomes Primary. Usually this isn’t a problem but it’s also where the Doctor/Hospital Networks come in to play and some...
What is Medicare Part C?

What is Medicare Part C?

Medicare Part C is actually a Health Insurance Plan to go with Original Medicare. Medicare Advantage plans came into existence in 1997. Like Medicare Medigap plans, they offer coverage to help lower the cost sharing associated with Original Medicare. Unlike Medigap...

Extra Help- Low Income Subsidy- (LIS)

Extra Help is a program offered by Social Security to help individuals pay for their Medications. When you are getting Extra Help it will coordinate with any Rx plan you have whether through a stand alone Part D Plan or a Medicare Advantage Part C Plan. Extra Help...
What is Medicare Part B?

What is Medicare Part B?

Medicare Part B is the Medical Coverage portion of “Original Medicare.” Medicare Part B covers all medically necessary procedures outside of an admitted Hospital stay(Part A). Medicare Part B covers- All Medically Necessary Medical Services outside of an...

IRMAA

IRMAA stands for Income Related Monthly Adjustment Amount. This is what gets added to your Part B and Part D Premiums when your income exceeds certain levels whether filing jointly or as a single. Social Security will look back 2 years to determine the IRMAA if any...

The Benefits Of Exercise

Good News! Most plans are including a Free Gym Membership with their Plans! So, why are they being so generous? Well, they’ve figured out that if you stay healthy their costs go down so, you might as well take advantage of it.Here are some Highlights-17000...
What is Medicare Part A?

What is Medicare Part A?

Medicare Part A is the Hospital Coverage portion of “Original Medicare.” Medicare Part A covers an “Admitted Hospital Stay.” Medicare will cover semi private rooms, drugs, nursing, meals and Hospital services associated with the stay. Medicare does not...
What Is Medicare Part D?

What Is Medicare Part D?

Medicare Part D is Prescription Medication Coverage offered by Private Insurance companies. Medicare is a Federal Health Insurance program that provides Hospital and Medical Coverage to seniors over the age of 65 or individuals under 65 that are on disability...

Michael M Insurance Services News & Updates

This is the very first agency update we’ve published in the News portion of our website. This is the area of the website where we’re going to be writing brief updates about important news, updates, and other changes within our agency. Some of the things we...
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