Medicare supplement insurance fills in the gaps between what Medicare pays and what you must pay for out‐of‐pocket deductibles, coinsurance and copayments, and is a critical part of an overall insurance plan. You are eligible for Medicare as long as you’ve contributed through your FICA taxes and are 65 or older, regardless if you are retired or not.
These plans are approved by Medicare and are managed by private companies. When you choose a Medicare Advantage Plan, you are still covered by Medicare. The plan will provide all of your Part A (hospital) and Part B (medical) coverage. It generally offers extra benefits, and many include prescription drug coverage. These plans often have networks, which means you may have to see doctors who belong to the plan or use certain hospitals to get covered services. Some of the plans will require referrals to see a specialist. In many cases, your costs for services can be lower than the original Medicare, but it is important to review and understand the Medicare Advantage Plan because costs for services will vary.
These types of plans add prescription drug coverage to the original Medicare, some Medicare Cost Plans, some Medicare Private Fee‐for‐Service Plans, and Medicare Medical Savings Account Plans.
Medicare Prescription Drug Plans are offered by insurance companies and private companies approved by Medicare. Generally with a Medicare Prescription Drug Plan, you pay less for your prescriptions.
According to a study by the CFP Board Many Americans don't have a financial plan. While many recognize they can do better, the study found that 43 percent of respondents have not discussed financial planning with anyone. Seeking advice and creating
Planning ahead is key to closing the deal on your dream home Mortgage rates are low. Consumer confidence in the residential real estate market is growing. Meanwhile, the inventory of homes for sale is tighter than ever, approaching record lows. And this