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Medicare Premium Increase in 2017

The Medicare Premium Increase in 2017 could be substantial when announced on October 1st. Projections have some seniors seeing increases as high as 22% on their Part B Premium. It is estimated 1 in 3 seniors could pay as much as $149 a month. There is also a reported increase of the Medicare Part B Deductible from $166 to $204.

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Do I Need a Medicare Supplement?

So you’re turning 65, and you may be asking yourself “Do I need a Medicare Supplement.” The answer is yes. Your Orginal Medicare benefits will only cover about 80% of your eligible medical expenses. In this post, we’ll look at two of the potentially costliest Medicare Supplement benefits you cannot afford not to cover.

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Medicare Supplement Vision Coverage

Medicare Supplement vision coverage only applies to exams, procedures, and therapies covered under Original Medicare Part A and Part B. There are no covered benefits beyond what Medicare offers.

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Medigap Plan M vs Medigap Plan N

Medigap Plan M and Medigap Plan N offer a different approach to Medicare Supplement coverage. Both Plan M and Plan N cover the same 7 of 9 Medicare Supplement Benefits, but they do it with additional cost-sharing and copays.