Happy 50th Birthday, Medicare! For those of you who still remember when Lyndon Johnson first signed this program into law in 1965, it might seem like the last half of a century has gone by pretty fast. While Medicare Part A and B would still be recognizable to somebody from the 1960s, plenty has changed.… Read More


1

According to a Kaiser Family Foundation page, “Medigap Reform: setting the Context for Understanding Recent Proposals,” the vast majority of Medicare beneficiaries enhance their Medicare benefits with some other kind of coverage. Even though Part A and Part B offer very broad coverage, it is no secret that there are gaps because of deductibles, copays,… Read More


stock_003

According to recent figures, about 30 percent of Medicare beneficiaries enhance their benefits with a Medicare Advantage plan. At the same time, about one in for beneficiaries choose a Medicare supplement. Almost everybody on Medicare enhances their benefits with some other insurance, but some people are also entitled to get help with a job-related health… Read More


doc and granny

Of all major medical insurance options in an area, HMOs are usually the cheapest. This is true if you consider monthly premiums and if you consider potential expenses for copayments, deductibles, and coinsurance. However, insurance companies control costs by imposing lots of rules. The Advantages and Disadvantages of HMOs The biggest disadvantage of an HMO… Read More


Closeup of a stethoscope on a rx prescription

Medicare expects membership in Medicare Advantage plans to keep growing as a percentage of all beneficiaries. For 2015, about one in three beneficiaries decided to join one of these plans. As open enrollment for 2016 is only a few months away, there might be some information from 2015 plans that can help recipients find the… Read More