Certifications: CFP®, CRC®
Insights
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What You Need to Know About Medicare: Medicare Advantage
Medicare Advantage is a private health insurance plan that replaces Medicare and can be setup as an HMO, PPO, Private Fee for Service Plan, or Special Needs Plan and usually combines some of the benefits of Medicare Parts A, B, and D. If you have a Medicare Advantage plan, also known as Medicare Choice or…
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What You Need to Know About Medicare: Medigap
Medigap is a “supplemental insurance” policy that is sold and administered by a private company meant to fill the gaps in the coverage provided by Part A and Part B. Most plans will help with Medicare co-payments and with paying for some care not otherwise covered by Medicare. Usually, if you decide to drop Medigap…
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What You Need to Know About Medicare: Medicare Part D
Medicare Part D is the “prescription drug insurance” portion of Medicare. Anyone who is eligible for Part A or Part B is eligible for Part D. The premiums are at their base (usually around $33.06 as of 2021, depending on coverage and region), but can be increased according to earnings by as much as $77.10…
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What You Need to Know About Medicare: Medicare Part B
Medicare Part B is the “medical insurance” portion of Medicare. Medicare Part B coverage is paid for by a monthly premium that is based on your Modified Adjusted Gross Income (MAGI) from two years before you enroll. If you are receiving Social Security and do not want Part B, you must opt-out; otherwise, you will…
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What You Need to Know About Medicare: Medicare Part A
Medicare Part A is the “hospital insurance” portion of Medicare. For most people who have paid Medicare taxes throughout their working life, there is no premium for Medicare Part A coverage. If you do not qualify for premium-free Medicare Part A, it can be purchased for $471 per month (as of 2021). If you do…
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