The Prominent Medicare Supplement Plan F and J

The Prominent Medicare Supplement Plan F and J

The Medicare supplement plan F & J are two of the most sought after by senior citizens. The main reason is that these two plans cover most of the loopholes that is not covered by Medicare. Many supplement insurers offer Plan F, but with the introduction of Medicare Part D prescription drug insurance, Plan J may be difficult to find. There are only a few selected companies that offer Plan J.

Insurance of the Medigap plan J:

In general, plan J is more expensive than the other supplementary plans available. However, it offers the most comprehensive insurance for seniors in Medicare plan. Recipients go for Plan J because they ensure the 8 gaps, which include:

Basic Benefits:

  • Long-term care insurance
  • Part A deductible
  • Part B deductible
  • Excess of part B (100%)
  • Emergency travel abroad.
  • At home, rest.

Preventive care not covered by the Medicare program:

Medicare does not guarantee any annual check, such as regular individual or group health coverage. Medigap Plan J is the only name in the plan that pays checks. It is unique from many other plans as it also gives insurance for at-home recovery, such as a home visit by a therapist. Generally, retirees seeking total insurance go for plan J.

Medicare Supplement Plan Insurance:

This provides the most comprehensive insurance of all available plans. It ensures Part B coinsurance and insurance, Part B coinsurance, Part B overhead costs, palliative care co-insurance and co-insurance for special care and emergency travel insurance. But is this insurance necessary for your lifestyle as an older person?

Again, Plan F is a simple recommendation from an agent who is not specialized in finding the best medical solution for their clients. It is possible that these agents do not understand exactly what each plan offers. With a fixed income, many seniors cannot receive better service with the most prominent plan. Plan F is usually a little cheaper than Plan J. It only secures six of the eight Medicare gaps. It does not offer benefits for “Domestic Recovery” and “Preventive Care Uninsured by Medicare.” Older people who have a limited budget, but want almost complete insurance, choose the plan designation F.

Other additional plans:

Of course, there are many additional plans to choose from, including plans A, B, C, D, G, E, K, and L. These plans are less expensive than their fuller counterparts but offer benefits for the most common grievances. In addition, several insurers offer 2020 Medicare Supplement Plans
with high deductibles. (Additional insurance with high deductibles not paid for coverage until the consumer has met the deductible). However, J and F plans are still the most popular among seniors who want full insurance.

Supplements cite medical care in Missouri, Ohio, Illinois, Georgia and Indiana: Sometimes you can get in touch with agents who have been active in the insurance and investment industry for more than a decade. There are some agents who own and manage independent insurers operating in Georgia, Illinois, Ohio, Missouri and Indiana.

Never Forget to Brush up on Daily Basis

Never Forget to Brush up on Daily Basis

Hygiene is one of the things that doctors emphasize if you are a senior who has attained the age of 65, have retired and live on their own. You will agree with me that whenever there is no one to remind you some of the simple things such as brushing your teeth, it becomes difficult for seniors to avoid forgetting them. Forgetting is not a crime if you are a senior, and with that idea, you need to come up with ways of making sure that you don’t forget to brush up. Make sure that you create or invent ways that would remind you to brush up even when there is no one around to remind you.

Creative ways that would help you remember to brush on daily basis

Add a reminder to your phone

Luckily, modern day phones have come with application which will help remind you on basic things such as brushing and doing other things. With that idea in mind, you need to create a reminder which will keep reminding you on daily basis. When that alarm goes, just stand up and go look for some water, toothpaste and your tooth brush then start brushing. That will help you as far as the need to keep hygiene of your teeth is concerned. It is very crucial to make sure that you teeth remain health for longer even though people think that seniors may not keep their teeth for long.

Keep your brush near your bed

Seniors spend most of their time in bed and it is very important to keep your teeth tools near your bed so that as soon as you wake up, you will grab your tools and go straight to your sink and start cleaning you teeth. That is what you need to do. Thanks to the heavens that seeing is remembering and seeing is also believing. The moment you put the tooth brush and toothpaste near your bed, you will certainly remember that you need to brush your teeth.

See a doctor regularly

If you will commit yourself to seeing a dentist, this will be like you are creating a kind of partnership. With that idea, if you see a dentist regularly, then it means that you will never forget that your teeth are important. Consultation is the best thing that could keep reminding you on the importance of maintaining your teeth hygiene.

Understanding Medicare and Medigap

Understanding Medicare and Medigap

There is a lot of confusion around Medicare and different Medigap plans available for the senior citizens. It can be difficult to convey the information available and to explain what it means for your health protection. In terms understandable to many, it all boils down to this; Medicare Part A and Medicare Part B. Going forward, it is at the discretion of the individual to decide if supplementary Medigap covered will be needed to remedy their health condition. These plans must be paid by the recipient and are designed to save the amount payable each year for franchise, insurance and mutual payment plans.

Medigap covers the gap not insured by the Medicare program. Now, this is a challenging aspect: You can only sign up for Medigap through a conventional Medicare policy Part A or Part B. It is an accurate information and you have to read the foregoing statement once again. Medigap insurance plans do not meet the requirements of Medicare Part C, Part D, Private Insurance, Medicaid, TRICARE or Veteran Admin.

Enrollment for Medicare supplement insurance is as challenging as having a knowledge of whether you can afford it or not. One thing that is true, as always, no matter where you buy insurance, is that, because it is governed by federal laws and state laws, the benefits to all are the same. Although insurance remains unchanged no matter the provider, there are differences between insurance companies. Differences exist in price, available Medigap options and plan makers.

Medigap insurance premiums are unique and must be selected according to the needs of the population. For example, clients who need help with deductibles and co-payments for key benefits should choose Medigap Plan A as these are the elements that will help ensure protection.

This plan is quite interesting as it is the cheapest plan you can find and is acceptable to all physicians who accept the Medicare program.

There are disadvantages that go with all the available plans. A major demerit of Medicare Supplemental Plan A is that it will only guarantee the basics. It does not guarantee items such as specialized nursing, long-term care, visual aids, and other important areas of expenditure.

The Medicare Advantage plan is another alternative to solve all this labyrinth. This plan is a replacement for Medicare plans A and B and all Medigap insurance plans. Medicare Advantage manages HMO, PPO and other options.

One thing you must have in the back of your mind is this. Medicare Advantage is a plan which also gives you the liberty to select hospitals and physicians. They don’t need to accept the coverage plan. It is a private alternative which is not managed by the government, but by private insurance companies.

The year before, when you reach the age of 65, it is advisable to take a little time and review all the different alternatives. You should review your needs over the past 5 years to see where the money was spent. This will help you clarify the options you need to do an analysis with an insurance agent at determine what 2020 Medicare Supplement Plans will increase your benefits while reducing your personal expenses.

Small Business Ideas for Retirees:

Small Business Ideas for Retirees

Retirement is an important milestone in people’s careers. People retire to spend more time enjoying the things they like, such as traveling, gardening or spending time with friends and family. However, some retirees get bored, and others need a flow of income to live the lifestyle they want. Both reasons can lead a retiree to start a small business. The business can be fun and rewarding and allows retirees to make money doing something they like while keeping them active and busy.  If you are in search of small business ideas after your retirement, here we present the best ideas:


If you like knitting, carpentry or any other manual art, you can take your passion and creativity and turn it into a small company. For example, you can knit sweaters and other items of clothing and sell them to stores or online through your website. Or you can pay for booths or tables at fairs, farmers markets or craft fairs and sell your work to attendees at these events. Creating a business around your crafts is a good idea because it requires little money and allows you to do something you enjoy while earning money.


A consulting business is another small business idea for retirees. Consulting companies allow you to work as much or as little as you want and use your knowledge or experience to help people or companies. For example, if you were a marketing professional before retirement, consider starting a marketing consulting firm to help people create and implement marketing plans and campaigns. Consulting allows you to continue using your professional skills, even in retirement.

Practical work:

Practical work and other casual jobs are another small business idea for retirees. Practical work requires a little physical activity, so it is commonly better for younger retirees or those in good physical shape. But it is a way to earn money and stay physically active while helping people and doing the tasks you like. Examples include minor home repairs, mowing the lawn, or building new items for the home such as shelves, cabinets, or even shed.


Retirees can also enjoy part-time or independent writing as a secondary business. This is especially attractive to retirees who are good writers or were writers during their careers. Retirees can get a 2020 medicare advantage plan and write from anywhere and submit their work to websites, blogs or publications via email or online postings. Retirees can also choose to write fiction or memoirs about their life and try to sell the work to publishers.

Tips to Manage the Finances for Seniors:

Tips to Manage the Finances for Seniors

After having spent a large part of your lives working and saving, it is time to make good use of that mattress you have created for your golden years. The idea is that we can live with a good quality of life and we can also indulge ourselves with a craving from time to time. For this, we give you some tips on how we can organize our finances and make the proper use of our money.

  • Carefully spend of the savings which you have made during your entire working life since the money you have after the retirement will be what you will use to live this period of life. That is why good management or planning of expenses is essential to make good use of this income.
  • Maintain a good organization of documents, this is essential to have at hand all the important information such as bank account number, users and passwords, health and life insurance contracts, bank contracts and bank account statements and other financial documentation. For this, we can have a folder or a file in which we keep these documents together and classified.
  • It is important to have a notebook to plan income and expenses. It is a way to prevent and control the money that you will need or that you will use during your day today. An easy way to go writing our “financial balance” is, for example, to use three columns: in the first you will write down all the expenses that you have planned and those that arise during the month, such as food, hygiene, medicines, cleaning, personal care, and accompaniment, etc. In the second column, you will record the income, such as retirement, life annuity, and fixed term income, among others. And in the last column, we can write the savings that will be a fund for sporadic expenses such as trips (inside or outside), spa sessions, among other things that we want to give away.
  • Make a good selection by including someone as a co-owner of your bank accounts. You have to remember that the co-owner can also manage that bank account and dispose of the resources that are in it, that is why you must choose a person who is completely trustworthy.
  • Review your account statements, preferably once a week to verify expenses and purchases you have made, so you can identify uncharacteristic charges and file a complaint with the bank if necessary.

Two Best Medigap- Medicare Supplement Plan M & N

There are about 10 different Medicare Supplement Plans. All of them serve an important benefit. But two of them are the best and that are Plan M & N. Below will be a brief description of the benefits that the two plans offer. Starting with the M Plan

Plan M

It is the same as the rest of the supplements plans. But the thing that makes it stand out is that it covers most of the outpatient follow-ups. It gives you a skilled nursing facility of Car Coinsurance. The costs of the first three pints of blood you receive in the hospital are covered by Plan M. It also covers Hospice care coinsurance or copayment. It also covers the cost of a foreign travel emergency. It also covers the costs up to an additional 365 days of the Part “A” Hospital cost even after all your Medicare benefits are used up. And let’s not forget that it also includes Medicare Part “A” Coinsurance and Medicare Part “B” Coinsurance or Copayment. And the last thing, it covers 50% of the Medicare Part A deductible.

So in conclusion, it is similar to the other plans of Medigap. But it is overall less costly, which gives it an edge over the other plans. Plus it is suitable for those who do not expect to visit the doctor often.

Plan N

It is a supplement plan that is like the other ones; cover all the additional benefits that are not covered by Medicare Parts A and B. It covers all the cost of Hospital, Medical and other services that are excluded from the main Medicare Plan. Some might say that Plan N and F covers pretty much the same benefits but what makes this Plan special and attractive is that it is less expensive. The Benefits that it covers are mentioned below.

  • Part A deductibles
  • Part A hospice care copayment or coinsurance
  • Part A hospital coinsurance and hospital costs up to 365 days are covered when Original Medicare benefits run out.
  • Part B coinsurance costs
  • Part B preventive care coinsurance
  • First three pints of blood used in a medical procedure
  • Skilled nursing facility (SNF) coinsurance
  • Foreign Travel Benefits

You can purchase the Plan from any private firm in any state. But do keep in mind to compare it as the discounts vary from place to place. It has lower premiums than the other plans which make it the hot pick among people.

Below is a chart that tells about the benefits of Plan M and N so that you can have a better idea.


Medicare Supplement Plans Plan




Basic Benefits Yes Yes
Part A Hospitals Coinsurance Yes Yes
365 Additional Hospital Reserve days Yes Yes
Benefit for blood Yes Yes
Part B Coinsurance Yes Co-pays
Hospice Coinsurance Yes Yes
Skilled Nursing Facility Coinsurance Yes Yes
Part A deductibles 50% Yes
Foreign Travel Benefits Yes Yes
Preventive Care Coinsurance Yes Yes


What is Medicare Advantage Plan F and How Is It Right for You?

What is 2019 Medicare Advantage Plan F and How Is It Right for You?

Medicare is a single health insurance plan that is functioning in the United States of America. It is being administrated by the U.S Federal Government. It provides a lot of health benefits, but also not everything. Medicare Advantages plans are an upgrade of the initial plans. It covers up the rest of the benefits. There are about 10 plans. We will be talking about the Plan F. What benefits its covers and why is it the right one?

Plan F 

Out of all the Medigap Plans, it is the best pick. First below is the list of things that the Plan F covers

  • Part A hospital deductible and your Part B outpatient deductible are both fully covered by Plan F
  • It covers all of the 20% that is left when Medicare Part B is fueled out.
  • Part B excess charges are covered in The Medicare Advantage Plan F. You will no longer be needed to pay the standard 15% excess charges that doctors under Medicare are allowed to charge for Part B services.
  • You can choose any doctor of your choice from the United States. This benefit is provided by Plan F.
  • There was a time when you were needed to get referrals in order to see a Medicare specialist. But due to Plan F, you are no longer needed to get a referral from your Healthcare
  • Hospital costs for an extra 365 days when the Medicare benefits
  • Part B copayment or coinsurance costs.
  • First three pints of blood.
  • Skilled nursing facility (SNF) care coinsurance costs.
  • Overseas emergency travel coverage.

The reason why it is the best picked is that it covers Part B deductibles and Part B Excess. There is no other plan that covers both of them at the same time. It is one of the plans that offer the most coverage of benefits. It also pretty much covers the remaining hospital dues after Medicare A and B has ended and leave the person with no personal expense of its own.

Costs of Plan B

The costs of Plan B vary from state to state and from one company to the other. Because it is administered by the Federal Government, The benefits associated with Plan F are the same in each state. The only slight difference is in cost.

There are also two versions of the Plan F

  1. The regular Plan F
  2. The high deductible Plan F

For the High Deductible Plan F, the beneficiaries are required to pay out of pocket cost. It is about $2,240 in 2018. After the costs are met it will start paying for the Medicare-covered hospital and medical expenses. Benefits in both the versions are the same. But in the deductible one, you will have lower premium costs.

According to a recent study from America’s Health Insurance professionals, about 57% of all Medigap policies in force were a premium Medicare Plan F policy. This is due to the immense benefits of Plan F that makes it the most likely Plan to be chosen among the Citizen of the states.

Preventive Care and Medicare Supplement Plans: Facts You Need to Know

Preventive care is necessary and important. There are so many conditions that can be prevented! The only way to prevent them though, is by using the options that are available to you and visiting health care providers for regular check-ups. There are many conditions that would otherwise remain unknown and that you would only be able to find out, after a regular check-up. Otherwise, the only time that these conditions will start showing symptoms, is when it might already be too late for a treatment. Or, the treatment might become much more difficult for you and last longer than it would have, if the diagnose would have been found earlier. So preventive care is not something that should be left behind and visiting a doctor only when you´re sick is to be avoided, due to the above-mentioned reasons!

There are many tests and screenings that might be available to you free of charge! Some of these include: flu shots, pneumonia shots, vaccinations against measles, polio and meningitis, vaccines that are required to ensure healthy pregnancies, cancer screenings such as mammograms and colonoscopies, tests for cholesterol, blood pressure and diabetes, baby and child visits, from birth up to the age of 21 as well as free counselling for those who are trying to quit smoking, lose weight, quit alcohol or reduce alcohol intake, have depression and more!

It is important to know, that not all plans will cover for these expenses. Some part A and part B members will have to pay for coinsurance when it comes to preventive care. For all those who have been using the preventive care services, but are obliged to pay a coinsurance amount, there is a solution Medicare supplement plans!

There are 10 different kinds of Medicare supplement plans available at A, B, C, D, F, G, K, L, M and N! And the good news is, that all 10 plans cover for the coinsurance due to preventive care. This is why the financial burden shouldn´t be an excuse to you, as health always comes first and it is important to take care of yourself more than anything!

If you don´t know which one of these plans to choose from, look at what other expenses they cover, apart for the preventive care coinsurance. The A and B plan, for example, have a lower premium rate, because they also cover less expenses than the other plans. A plan F or G will have a higher premium rate, but will also cover for all expenses (plan F) and almost all expenses (plan G).

If you consult a private health insurance company and they offer you a Medicare supplement plan at a premium rate you can´t afford, don´t immediately loose hope! These supplement plans are offered by private health insurance companies and that means, that the price will vary! Consult with different kinds of companies to find the best premium rate available for you and start using the services provided for preventive care!

Medicare supplement Plan N and How It Helps You Lower Your Expenses

The Medicare supplement plan N is an aid to the Medicare part A and B, which don´t cover for all expenses. Enrolling to this supplement plan will help you avoid some costs, you would otherwise pay for out of your own pocket.

The benefits that are covered by this plan are:

  • Expenses for Medicare part A coinsurance due to hospital stay
  • Expenses for Medicare part B co-insurance
  • Expenses for Medicare part A deductible
  • Expenses for Medicare part B deductible
  • Expenses for hospice co-insurance
  • Expenses for foreign travel
  • Expenses for co-insurance due to preventive care
  • Expenses for hospital days up to 365 days after Medicare part A stops covering

There is also one additional benefit you can take advantage from, enroll at is the expense for Medicare part B co-insurance. This expense will be covered by the Medicare supplement N, but will include a co-pay, which you will need to pay out of your own pocket. The co-pay of Medicare supplement plan N will leave you paying up to 20$ every time you visit a doctor´s office and up to 50$ co-pay for visits to the emergency room.

There are two expenses that the Medicare supplement plan N won´t cover for. These expenses however, can be easy to control, making Medicare supplement plan N a good choice. The only thing it won´t cover for is the Medicare part B deductible and Medicare part B excess charges. The Medicare part B deductible is an annual amount of $183. After paying this amount, there is no other additional cost you will have to pay for! The Medicare part B excess charges can be easily avoided, so that you don´t have to pay any excess charges at all! All you need to look out for, is that you are visiting a health provider who has agreed to the Medicare costs. These health providers will never charge you more for a health care service, than what the Medicare supplement plan covers for! You can simply call the health care provider of your choice and ask. If they do cover more, there are many other health care providers to choose from!

The Medicare supplement plan N is all in all one that does cover a whole deal of expenses and can give you a peace of mind. All you´ll have to pay for is your Medicare part A or B and the premium rate for the Medicare supplement plan N. The premium rate all depends on the company you choose to enroll to. As the health insurance companies that provide them are all private, they all have the right to set different kinds of prices based on their own criteria. Some of the criteria that may be taken into consideration are the age of the individual, the area they live in, in some cases gender (because statistics show that men require more health care services than women) and to most companies, whether you´re using tobacco or not will be also relevant!


Financial Checklist for Seniors Over 60

In their 60s, most people face some of the most crucial financial & lifestyle changes – hence it’s normal if you experience various emotions in regards to retirement and money. Besides, you might be concerned whether you’ll be able to fund your dream retirement. The main thing is to watch out for your finances to adjust your plan as required. Below are 5 tips for folks who’re nearing this crucial stage of their life:


  1. Substitute your paycheck


It is always good to swap your regular paycheck in order to have a set income amount each month, just like the years when you were working. The process might seem complicated, particularly if you are looking to structure the withdrawal amount in the best way possible. A tax professional and financial expert can help. Also, it’s a wise idea to come up with a written plan so that you’ve got a road map for following in the upcoming years.


  1. Review your budget and expenses


It might seem obvious, however, do you have a solid understanding of your day-to-day expenses? When you’re working, it’s much easy to think you will cover for overspending the next time you receive a paycheck. After retirement, you won’t have such luxury. Thus, it’s important to know the costs of your essentials & know how much you’re spending on discretionary stuff. In addition, take into account areas where your expenses might vary up in upcoming years – for instance, travel, health care, and recreation.

make enrolling in a 2019 medicare advantage plan part of your plan and these can be found at

  1. Stay rational


It might be tough to prevent the constant flow of economic news, however, don’t allow the political atmosphere and market swings affect your judgment. Avoid impulsive decisions such as buying excessively risky stocks, selling your house or making any quick fixes. Work in order to improve your financial state and consult with your loved ones. Also, a support network might assist you in controlling your emotions.


  1. Be prepared for any unexpected event


In case you are yet to create a will, make sure you give it the utmost priority. On contrary, if you already have one, ensure it fulfills your present wishes. Besides, make sure all your beneficiary info is updated on important accounts like IRAs. In addition, try to discuss your future plans with your partner & children. Make sure they know the location of your financial docs in case of any tragedy. These might be a tough conversation for all the people involved, however, it can also help minimize the stress your loved ones may face later.