Coinsurance is a percentage of the total you must pay for a medical service.
In the federal Medicare program, Original Medicare uses coinsurance, whereas Medicare Advantage health plans primarily use copayments. Medicare Part A and Medicare Part B both have coinsurance and deductibles that average out to approximately 20% of the total cost of Medicare-approved services.
Most people should sign up for Medicare three months prior to their 65th birthday. You can delay enrolling if you have employer coverage. In this…
In our second article in the Medicare Mistakes Series, we discussed why it is a mistake not to enroll in Medicare at age 65. In…
The biggest drawback of Medicare Advantage Plans is the potential for high out-of-pocket costs. This article will explore 11 reasons why Medicare Advantage Plans are…
If you are getting your Medicare benefits for the first time, the jargon may sound foreign, but you don’t need Medicare for Dummies to figure it out. You’ll…
Medicare is a vital resource for accessing healthcare services. However, learning how and when to enroll in Medicare involves navigating a series of enrollment periods…
