Medigap plans, also called Medicare supplement insurance plans, cover some of the costs not paid by Original Medicare (Parts A & B). For example, Medicare Part B typically pays 80 percent of the cost for a covered service, such as a doctor visit. You would be responsible for the other 20 percent of the cost, which a Medigap plan may cover.
Raises have been scant or nonexistent in recent years for people taking social security. That’s why many were glad to hear about the 2 percent social security cost-of-living adjustment (COLA) for 2018. But some people on Medicare may be surprised. Here’s why.
The Part D coverage gap – or “donut hole” – is a payment stage with Medicare prescription drug plans and a budget concern for many people. It’s a period of time when the main cost burden for prescription drugs shifts from the plan to the plan member.
Mr. Jones didn’t think he would ever contribute to Medicare fraud. Then, he answered his phone one afternoon and spoke with a nice young woman.