Being a senior means it’s time for you to relax and enjoy all the things you have worked so hard for all your life. It also means you have to put more focus on your health. However, since you spent all those years working and/or taking care of your family, …
What Is the Difference between the Medicare Advantage Plan and the Medicare Supplement Plan?
When it comes to Medicare insurance, there is a lot of confusion. Medicare has various plans that have their own details, and it’s often confused with Medicaid, on top of things. If you are looking into a Medicare plan and want to know what some of your options are, the …
Beyond Medicare: Medicaid and Long-Term Care
In previous posts we’ve touched on the fact that Medicare doesn’t cover everything. In fact, on average, Medicare covers only around 50% of a senior’s healthcare costs. Medicare supplement (Medigap) plans are an ideal choice to help fill in the gaps of Medicare, but they also have their limits. For …
Spotting Medicare Fraud: Tips for Medicare Recipients
Medicare has no official estimate for the amount of money lost to fraud in the Medicare program every year; however, the FBI estimates that anywhere between 3 and 10 percent of all healthcare expenditures are attributed to fraud. Whatever the true dollar amount lost to Medicare fraud every year, it …
Should I Buy Long-Term Care Insurance?
Our last post addressed how Medicare covers long-term care—which is to say, it generally doesn’t. Medicare only covers medically necessary services for limited amounts of time. Long-term care generally refers to personal and medical services for people with chronic illnesses, disabilities, or limitations in their ability to function independently. Medicare …
Why Original Medicare Isn’t Enough
Original Medicare (Parts A and B) is an invaluable health insurance for senior citizens that millions of Americans rely upon for timely and essential medical treatment. Unfortunately, as beneficial as the program is, too many people are unaware it doesn’t actually pay for all of their health care costs. For …