For Medicare beneficiaries who have Medicare supplements, I strongly encourage you to take a look at what you are paying and then do some comparison shopping. Many are surprised to learn that they can get the same exact coverage (or better coverage) through another carrier and save money. Typical savings will range from $300/year to as much as $1200/year per person.

In the United States of America the government has create some plans for the citizens. It is the responsibility of the citizens to choose the right kind of plan. You might be aware of the supplementary health insurance for medicare plan which has become quite popular these days.

For instance, let’s say you are in one smaller network and have a doctor that you really like. Things are going well for about a year or so and then the doctor decides s/he wants to opt out of the network. Great, this leaves you stuck unless you try and follow your doctor. Good luck on that one.

False. Though non-medical homecare is not covered by health insurance, some is covered by long-term care insurance. Non-medical or personal assistance may be help eating, bathing, or going to the bathroom. It may be a ride to the doctor or the grocery store, or help balancing a checkbook or cooking dinner.

Issue age rate is based upon the age that you start paying for your medicare supplements. The younger you are, the less you’ll have to pay for your insurance. If you start paying for it at age 55, your premium will be lower than someone else who started paying for their policy at age 60 or 70. This is a good choice for those who are worried about obtaining a fixed premium. While this premium may still be affected by inflation, you won’t have to pay more for your premium because you’re getting older. This is the main difference between issue-age pricing and attained age pricing.

When you belong to an Advantage plan, you will get your coverage from the insurer. Instead of handing a doctor or hospital your Medicare card, you will show them your card from the private insurer. You do not lose your Medicare coverage though. In fact, you are free to dis-enroll and return to the older plan. You are also still protected by all of the laws, rules, and regulations of the Center For Medicaid and Medicare (CMS). CMS oversees Medicare in the US.

There is no doubt that it is getting a lot harder to save for a comfortable retirement. We have little assurance that government programs like Medicare and Social Security will be the same as they were by the time we reach retirement programs. This can be very frustrating for people who have been paying into these programs for decades, hoping they would be reliable in the future. We have to remain flexible, keep our eyes open, and base our decisions on reality!