Do Medicare insurance agents charge fees for their services?
When clients work with a Medicare insurance agent, they can expect expert guidance and support throughout the process of selecting and enrolling in a Medicare plan, without any additional costs. Medicare insurance agents are compensated directly by the insurance companies they represent, meaning their services are essentially free for clients. Their primary goal is to […]
What’s the difference between a captive and an independent Medicare insurance agent?
A captive Medicare insurance agent works exclusively for one insurance company, selling only their products and plans. This type of agent is trained extensively by the company, ensuring they are well-versed in their offerings. However, their product options may be limited to what their company provides. On the other hand, an independent Medicare insurance agent […]
Some of the new changes to Medicare in 2026
Medicare will implement several significant changes in 2026 that will impact beneficiaries across different parts of the program. The Part D prescription drug benefit will see the most dramatic transformation with the introduction of a $2,000 annual out-of-pocket spending cap, replacing the current catastrophic coverage phase structure. Once beneficiaries reach this $2,000 limit, their Part […]
The 4 Medicare Savings Programs
The four Medicare Savings Programs help eligible beneficiaries pay for Medicare costs through state assistance. These programs can cover Part A and Part B premiums, deductibles, coinsurance, and copayments depending on which program you qualify for. The Qualified Medicare Beneficiary (QMB) Program provides the most comprehensive coverage, paying for Part A premiums, Part B premiums, […]
What should I know about Medicare Medigap?
Before purchasing Medicare Supplement Insurance (Medigap), you need to be enrolled in both Medicare Part A and Part B. Medigap policies are sold by private insurance companies and require a separate monthly premium in addition to your Part B premium of $202.90 that you pay to Medicare. Each Medigap policy covers only one person, so […]
Can I have Medigap and a Medicare Advantage Plan?
Medigap policies cannot be sold to Medicare Advantage Plan members unless they switch back to Original Medicare. If someone tries to sell you a Medigap policy while you aren’t planning to drop your Medicare Advantage plan, report it to your state insurance department. If you have Medigap and join a Medicare Advantage Plan, you might […]
What is the Medicare Part A and Part B initial enrollment period?
Initial Enrollment Period You can first sign up for Part A and/or Part B during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends 3 months after the month you turn 65. If you sign up for Part A and/or Part B during […]
Who Should Get a Medicare Supplement Plan G?
It may be a good idea for you to consider a Medicare Supplement Plan G if you fall into the following categories: * Are receiving your Part A and Part B benefits under Original Medicare and wish to have comprehensive coverage for most of your out-of-pocket expenses. * Would like to see any Medicare provider […]
“Brain training” is the fastest growing Medicare Advantage fitness benefit
Brain training has emerged as the fastest growing Medicare Advantage fitness benefit since the Centers for Medicare & Medicaid Services began tracking distinct fitness benefit categories in 2019. When CMS required insurance plans to differentiate between physical fitness, wearable fitness trackers, and memory fitness programs, it revealed a significant trend in beneficiary preferences. Federal data […]