Medigap Limits – Will It Cost Seniors Money

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Will Medigap Limits Cost You Money and Health Care Coverage?


As the debate over the debt ceiling, budget cuts, and economic stimulation wages on in Washington, DC, it’s hard to escape the fact that Medicare is often “on the table” during almost all discussions regarding “deficit reduction.” There are a range of proposals that would affect Medicare, but there are questions as to what those proposals will actually mean for beneficiaries. One federal deficit reduction plan would limit Medicare supplemental insurance (Medigap insurance) plans by restricting coverage of deductibles by those plans.

As with most arguments, those in agreement lock on to a set of positives, while those opposed turn to the negatives. So, let’s take a look at both sides to try to get a clearer picture of who will benefit and who won’t. By restricting Medigap coverage, the government could save money and reduce the debt. However, as a recent report on potential Medigap Limits points out, not all those who depend on Medicare and Medigap coverage will be able to make up for the added personal costs:

“…restricting coverage of deductibles by Medigap plans could save anywhere from $1.5 billion to $4.6 billion a year, depending on how much out-of-pocket expenses elderly beneficiaries would be required to pay.” (from Reuters).

In fact, the study goes on to say that “about one in five Medigap enrollees would pay more.” The hardest hit would most likely be families with a moderate income. Along with financial concerns, others are afraid that enrollees will simply pass up on healthcare treatment that they need in order to avoid the added cost. Those in support of the proposal insist that it will simply reduce unnecessary trips to the doctor and elective care.

There’s very little question that changes to Medicare are on the horizon, which means Medigap coverage could also see changes. Many have taken the “wait and see” approach to it all, but it’s a good idea to stay up-to-date on the latest proposals. After all, these potential changes to the system could change how you have to budget and how you have to look at healthcare.

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Last year my monthly insurance premium was going to over $200 and I
could not afford it so I went looking.

I found a broker in TX who advised me to sign with another that cut my
monthly premium to $137/mo BUT this month I got a notice it was being
raised to $157/mo

SO I called the broker and have just signed up for Plan G..for $118/mo.
same coverage as Plan F. This goes into effect June 15 for me. This is
a financial blessing for me.

If anyone is curious – you can contact Mike Turner, 1-888-875-4463. He is the Regional Manager of Medigap360.

If anything – he will just brighten your day to talk with him.

and – for skeptics- I’m not getting anything but personal pleasure in
helping y’all save money.


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Baby Boomers Take On the Digital World

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Seniors and Technology

Seniors Embrace Digital Media

Seniors hear a lot about “Gaps” these days. There’s the Medicare Gap (which often leads to the need for Medicare Supplemental Insurance coverage), the Employment Gap (seniors who want to stay in the workplace are often finding it harder to do so), and there’s the Technology Gap, which is basically the belief that Baby Boomers can’t keep up with the tech changes embraced by Gen-Xers and Millenials. Well, Baby Boomers are proving that “Gap” to be a bit of a myth.Baby Boomers and technological innovation go hand-and-hand, and others are finally starting to realize it. In many cases, it’s simply a question of numbers. Despite the “employment gap” we just mentioned, large numbers of Baby Boomers are still running major companies all over the world. In that capacity, they’re dictating the course that technology takes. Other important numbers involve the all-powerful “$.” Baby Boomers are still major consumers, and in some cases they’re the ones who can most easily afford the latest tech products flooding the market.Of course, Boomers are closing the technology gap in purely social ways, as well. Check out Mashable’s How Baby Boomers are Embracing Digital Media and you’ll see just how quickly Boomers are growing their numbers online:

“Social network use among Internet users 50 years old and older has nearly doubled to 42% over the past year. In fact, in the U.S. alone there are nearly 16 million people 55 and older using Facebook.”

So, let them keep throwing out the latest “Gap” and telling the world where Boomers are lagging behind this time. You know the truth. It’s a digital world, and we’re not going to just sit on the sidelines and let it pass us by.

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Medicare, Medigap Insurance, and Finding the Coverage You Need

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What Does Medicare Cover?

Healthcare continues to be a major topic of discussion on Capitol Hill, across the 24 hour news channels, and in homes all over the country. Unfortunately, a lot of these conversations and debates turn into political attacks, and some of the basic concerns get lost in the mix. Concerns like, “Does Medicare provide the coverage I need right now, or do I need to look into Medigap coverage?”
What is Medigap

Navigate Your Way Through Medicare

What is Medigap?

As the focus of the Medicare debate remains, for the most part, in the future tense, we try our best to focus on the here and now (at least from time to time). The fact is that as of right now, Medicare coverage doesn’t provide the full range of care that some seniors need. In fact, according to a recent report “about 1 in 6 Medicare beneficiaries purchased [Medigap policies] in 2008. (from Philly Burbs and Partnership to Protect Medigap)

Not everyone (seniors or otherwise) has the same healthcare needs or is in the same economic situation. However, everyone has the right to get all of the information on all of the options out there. As talks about the future of Medicare heat up as we approach the next Presidential election, don’t lose sight of the present state of Medicare.  2012 Presidential Election

  • Does it offer you all of the coverage you need? 
  • What options could Medigap coverage provide? 
  • Does Medigap coverage make financial sense for my specific situation? 

These are just a few of the questions you need to ask yourself and an expert in the field, even if the politicians and pundits aren’t asking them.

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Health Tips for Seniors – Preparing for Winter Weather

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How to Ensure You Are Prepared for Winter Weather

As 2012 gets underway, it’s certain that senior citizens across the country will have a lot of the same things on their minds as usual: will more changes come to Medicare coverage? Can Medigap insurance plans ensure I have all of the healthcare coverage I need? Does the future of Social Security still hang in the balance? However, over the next few months there is something else that will surely occupy a lot of seniors: winter weather.
Winterize Your Home
A number of states across the country are already in the thick of winter weather, as snow begins to fall and pile up in driveways. However, cities in the South are preparing for the inevitable February ice storms, and cities up North know that December and early January are just a lead-in for the colder, harsher days to come. As the thermometer plummets and the rain freezes, it’s important that you are prepared both at home and on the road for the winter weather that is on its way.

Prepping Your Home for Winter Weather
Each year, a number of American seniors find themselves in homes or apartments that simply aren’t prepared for the winter months:

“One of the primary concerns is the winter weather’s ability to knock out heat, power and communications services to your home or office, sometimes for days at a time. Heavy snowfall and extreme cold can immobilize an entire region. The National Weather Service refers to winter storms as the “Deceptive Killers” because most deaths are indirectly related to the storm. Instead, people die in traffic accidents on icy roads and of hypothermia from prolonged exposure to cold. It is important to be prepared for winter weather before it strikes.” (from Ready.Gov)

Government organizations suggest preparing an “emergency kit” in order to deal with the coming winter weather. This kit should include, among other things, sufficient heating fuel, sand, rock salt, a “family communication plan,” and snow removal equipment. They also urge you to bring family pets indoors and to minimize travel as much as possible.

While preparing your home, it’s important to remember to prepare yourself every time you head outside: “Protect yourself from frostbite and hypothermia by dressing in multiple layers of loose fitting clothing (tight clothing can restrict blood flow).” (from 6 Tips for Preparing for Winter Weather Emergencies)

For more details on getting your home ready for winter weather emergencies and winter storms, visit the CDC’s Winter Weather tips.

Preparing Your Car for Winter Weather
As stated earlier, when a winter storm comes, you should minimize travel as much as possible. Roads can be slick and dangerous. However, if you do have to drive, there are several steps you can take to make sure your car in is in the best possible shape before you head out into the cold. Years ago, The Today Show posted a number of auto tips for the winter, and those tips still hold true. They include checking air pressure in your tires, making sure antifreeze levels are sufficient, switching to oil that functions better in cold weather, and inspecting belts and hoses for cracks and leaks.

The Washington State Department of Motor Safety offers these driving tips for those who have to deal with treacherous roads brought on by winter weather:

  • On ice and snow, take it slow. Drive for conditions – slower speeds, slower acceleration, slower steering, and slower braking in winter conditions.
  • Use your headlights.
  • Do not use cruise control.
  • Four-wheel and all-wheel vehicles do not stop or steer better on ice than two-wheel drive vehicles.
  • Leave extra room between your vehicle and the vehicle in front of you. And remember, the larger the vehicle, the longer the stopping distance.
  • Slow down when approaching intersections, offramps, bridges, or shady spots.

Winter can be a bear both in the home and on the road. However, seniors can make those frigid months a little easier on themselves if they take the time to prepare their homes, their cars, and themselves before the coldest months come.

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Five Common Mistakes People Make with Medicare

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There are five common mistakes that people on Medicare tend to make. Read over the

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following to make sure you are not victim to the pitfalls of Medicare.

Mistake #1- Getting on A Medicare Advantage Plan

Many people apply for a Medicare Advantage plan because they saw something they like about it. Unfortunately,MedicareAdvantage plans have a number of disadvantages that can hurt those who are members. To learn more about the problems with Medicare Advantage, click here. (Link to post about Medicare Advantage).

Mistake #2- Making A Hasty Decision

If you purchase clothes from a store without trying them on first, you may end up with something that doesn’t exactly fit. It’s this same hastiness that can get you in trouble with Medicare Supplement Insurance. Although it seems easier to go with a company you’ve heard of or one that your friend used, it may be hurting you in the end.  Take the time to research your options. Use an insurance brokerage, like Medicare Supplement Services, that works with several multiple Top Rated Medicare Supplement Insurance companies. This ensures someone is looking out for your best interest, instead of the commission they will receive for selling you something.

Mistake #3- Not Making A Decision at All

It can feel overwhelming to decide on something as important as Medicare Supplement Insurance, but don’t let your feeling of being overwhelmed deter you from making a decision. If you allow yourself to give up, you will be vulnerable to the gaps in your Medicare Insurance coverage. Speak to a Medicare Supplement Insurance specialist who can help you make an informed decision about supplemental insurance.

Mistake #4- Paying Too Little

If price is the only factor you’re basing your decision on, then you will may end up hurting yourself. You need to focus your attention on what a specific Medicare Supplement Insurance plan is covering. Look at the long-term benefits of getting comprehensive coverage. Your health is of upmost importance and should be treated as such.

Mistake #5- Paying Too Much

If you don’t do the necessary amount of shopping around, you may end up paying too much for Medicare Supplement Insurance. The different plans are standardized, which means they cannot be changed from one insurance company to another. If you have a supplemental plan in mind, find an insurance company that offers it at the best rate. You can cut the leg-work out of the process by calling Medicare Supplemental Services. We shop the various insurance companies for our clients, so they don’t have to. Our multiple company rate analysis lets clients quickly see which company offers the lowest quote for a particular plan.

Make the Right Decision on a Medicare Supplement Insurance Plan for Yourself and Your Budget.

Call Medicare Supplement Services today at (877) 812-7571 to find the best Medicare Supplement rates from the Top Rated Companies in the United States.

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Top Retirement Cities in the United States 2011 | Medigap News 360

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Yes, yes, we all know that Florida is the place all senior citizens head to the day they retire. Sure, they walk out of work, sign the dotted line on their Medigap Insurance, pack up their things, and head to the sunny beaches of Sarasota. At least, that’s what movies and a whole lot of TV commercials would have people believe. Now, it’s true that Florida remains one of the top spots for retirees, but Baby Boomers have shown that they’re willing to spread their wings and try on some other destinations for size.
Top Retirement Communities

Austin Ranks #1 for Top Retirement Community

Recently, ABC News laid out their 7 New Retirement Hotspots. Maybe a bit surprising to some, Austin, TX (a place near and dear to our hearts) grabbed the #1 retirement slot. Atlanta, GA and Portland, OR rounded out the Top 3. A number of criteria went into the decision—some were purely numbers based, while others took into account local culture, natural surroundings, available activities, etc. If it’s just the numbers you’re interested in, you might find yourself more at home in one of the states with the largest number of senior citizens(Florida did make the cut) listed by CNNMoney.
Whether you’re interested in the latest hot spot, looking for a more traditional retirement locale, or content with staying where you are, be sure to check out what major cities across the country have to offer seniors. There’s plenty out there to do, it you’re willing to take a little time to discover it.
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Helping Seniors Battle the New Financial Fears

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Battling a Down Economy: New Financial Fears for Seniors

Medicare Supplement Insurance for Seniors

Financial Planning for Seniors


There was a time when most of us looked towards retirement with at least some measure of joy. Just the word “retirement” could spark day dreams of traveling the world, relaxing with a stack of books, spending time with the family, and the chance to do all the things you couldn’t do when working. Unfortunately, those visions aren’t the norm for many senior citizens today. Concerns over health care costs, the growing need for Medicare Supplemental Insurance (aka Medigap Plans), and questions surrounding the country’s economy and social security have led many senior citizens to work longer and put many of those retirement dreams on hold.

A recent report focusing on the financial concerns of senior citizens put out by the IASP (Institute on Assets and Social Policy) demonstrated that over the last several years, economic insecurity among senior citizens has steadily climbed, and according to IASP, these insecurities are justified:

“In only four years, the number of seniors at risk of outliving their resources increased by nearly 2 million households. Using the Senior Financial Stability Index, economic insecurity among seniors increased by one-third, rising from 27 percent to 36 percent from 2004 to 2008.”

Despite the dire outlook and rising insecurity, there are still a number of options out there that can assist seniors in retirement. Managing assets as a retired senior can differ from asset management while still employed, but many of the best practices remain the same. Talk to an expert in the field about potential investments (and the risks involved with those investments), basic budget cutting techniques, and developing an overall financial strategy that fits your particular desires and your particular financial situation. Most importantly, make sure you’re dealing with someone you trust and whose main goal is to work within your parameters.

The current economic situation in the country has people of all ages concerned. One of the best things you can do as a senior citizen is to stay informed and to become familiar with all of the financial options out there for you.

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