JACKSONVILLE — Healthcare legislation seems to be the topic of many conversations lately, triggering many calls to BBB about Medicare Advantage plans. These plans are health plan options approved by Medicare and are offered by private insurance companies. They are not considered supplemental coverage. The plans may offer extra coverage, such as vision, hearing, dental, […]
Author Archives: mark
Social Security: Broke!
This year Social Security will pay more in benefits than it receives in payroll taxes. We all knew the day was coming, and that day will happen sometime this year and throughout next year according to an announcement by Social Security officials, including Treasury Secretary Tim Geithner, on Thursday. This is the first time in […]
Medicare Advantage Benefits Cut to Improve Care for Non-Seniors
The Wall Street Journal reported on a story involving a 44-year old uninsured diabetic, Mark Baumann, and his mother Mary Baumann. According to the report Humana plans to reduce Mary’s Medicare Advantage plan to compensate for smaller government payments under the PP & AC Act, which stipulates that 15% of the new health care law […]
How to Get Your Supplement Insurance to Cover the Gaps
Medicare supplement insurance is supposed to help you fill in the gaps where your basic Medicare coverage has dropped the ball and not paid for coverage. To do this your supplement insurance plan or company needs to be notified when you decide to have them pick up the rest of the tab. Many people are […]
How Does Medigap Treat Pre-Existing Conditions?
Medigap insurance is supplemental insurance to your Medicare insurance that is sold by insurance companies who are regulated by Medicare. These companies can sell Medigap policies and make a profit from doing so but they must abide by rules and regulations set forth. One of these rules is about the treatment of pre-existing conditions by […]
How Does Medigap Treat Pre-Existing Conditions?
Medigap insurance is supplemental insurance to your Medicare insurance that is sold by insurance companies who are regulated by Medicare. These companies can sell Medigap policies and make a profit from doing so but they must abide by rules and regulations set forth. One of these rules is about the treatment of pre-existing conditions by […]
What are Your Rights to Medigap Policies during Open Enrollment?
Open enrollment is the time when you are allowed to enroll in Medicare for the first time and you have many options to assess. Your Medicare open enrollment will happen the day you turn 65 AND are enrolled in Medicare Part B. Insurance companies must adhere to some specific rules at this time in reference […]
Medicare Supplemental Insurance: When Can My Policy be Cancelled?
Medicare Supplemental Insurance, or a Medigap plan, is purchased to help you fill in the gaps where your current Medicare plan may fall short. These policies can be very important to help you survive with your income in case of some sudden emergency. For this reason it is very important to know why your insurance […]
How to Pick a Medicare Supplement Policy
When picking any kind of insurance policy there is a degree of stress and frustration as you try to decide how to cover all of the possibilities. Insurance plans are there to protect you in the event of an emergency and how can they do that if you haven’t picked the right coverage? What you […]
Most Seniors are Glad to have Medicare
These days we are hearing all sorts of comments regarding healthcare reform and Medicare reform for quite a long time. Actually, talks started before the Presidential election, and both sides of the aisle dug in their heels and to this point have not budged. With coaxing from the President, as well as plenty of uproar […]