Ohio Insure Plan Logo

Medicare has many gaps and will not pay for all of your health care related claims. For this reason, many Medicare recipients purchase a supplemental plan to fill in all or the most common gaps. The chart below details ten standardized Medigap plans and explains the different available coverages. It is important to note that private …

February 10, 2009

Category: Medicare Supplements

Continue

There are several events that guarantee a consumer’s right to purchase Medicare supplement insurance coverage. It is important for seniors to take advantage of these periods or they may no longer qualify medically for enrollment. Listed below are the most common occurrences that allow for guaranteed eligibility into a supplemental plan as well as rules …

October 27, 2008

Category: Medicare Supplements

Continue

The bankruptcy of General Motors Corporation has forced the cancellation of health insurance coverage for many retirees. The changes will be effective January 1, 2008 for former employees. The good news for G.M. retirees over the age of 65 is that they will be in a “guaranteed issue” period for Medicare supplement and prescriptions Part …

October 16, 2008

Category: Medicare Supplements

Continue

When researching Medicare supplement insurance policies, you may have questions about the various ratings classes. There are three to choose from: Attained Age, Issue Age and Community Rated. We will examine all three and discuss the nuances of each below. It’s important to note that each class has it’s own pros and cons. There is …

March 12, 2008

Category: Medicare Supplements

Continue

The Medicare open enrollment period is a six month window including the three months prior to and the three months following your 65th birthday. It is advantageous for most seniors to consider purchasing a Medicare supplement plan during this 6-7 month period of time. (Many carriers will still let you enroll up to six months …

February 14, 2008

Category: Medicare Supplements

Continue

Medicare Advantage plans are relatively new products in the insurance marketplace. In a nutshell, they allow consumers to opt out of traditional government provided Medicare coverage, forgo Medicare Supplement coverage and enroll in a Medicare Advantage plan with a private insurance company like Anthem Blue Cross, Aetna, Humana or United Health Care. Advantage plans are …

December 6, 2007

Category: Medicare Supplements

Continue

Currently there are only a few states allowing insurance companies to offer Medicare Supplements to those under the age of 65. Due to legislative changes, California, Georgia, Florida, Illinois, Missouri, Pennsylvania, Texas, and Tennessee are such states. Just like those reaching age 65, those who qualify for Medicare due to disability will have an open enrollment …

August 22, 2007

Category: Medicare Supplements

Continue

The short answer is yes, unless you have group health coverage at work. If your employer group is over 20 participants, then usually you can defer Medicare, but it’s wise to talk with your HR specialist first. But if you choose to enroll in Medicare Part B, it is a good idea to have a …

November 10, 2006

Category: Medicare Supplements, Retirement Planning

Continue