Know That Medical Insurance Doesn’t Cover Everything

Though it is important to have medical insurance, you should be aware that this insurance does not cover everything. Medicare, though it is helpful, does not provide complete coverage of health care costs like many people assume it does. Finding out that Medicare doesn’t cover everything can be difficult for many Americans who do not have the money saved up to cover medical costs. It is important that you know how much you will end up paying in medical costs so that you can plan early in life and avoid being blindsided when you have to start paying out-of-pocket costs…

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Two Popular Medigap Plans Closing to New Beneficiaries in 2020

Two of the most generous and popular Medicare supplement (Medigap) plans are getting phased out starting next year, but only to new beneficiaries. Beginning in 2020, plans F and C will no longer be available for those just joining Medicare. Plan F has been the top-selling Medigap plan for years, as it provides the broadest coverage of any of the Medigap plans. While premiums are relatively high, once you are enrolled you won't have to pay anything out of pocket for medical services covered under Medicare. What do Plan F and Plan C cover? The two soon-to-be discontinued plans both…

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