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Michael T. Braden August 24, 2025 MEDICARE PART B WHAT IS SHORT-TERM CARE INSURANCE Short-term care insurance, or recovery care insurance, is a type of policy that can help you temporarily pay for senior care services. Medicare Beneficiary Reading About Short-Term Care Insurance On His Smartphone Short-Term Care Insurance (STC) is an essential financial tool that provides coverage for individuals who require temporary care services. Also known as recovery or post-hospitalization insurance, short-term care insurance protects against the high costs associated with short-term care needs. Here, we will delve into the details of short-term care insurance, including its purpose, cost, benefits, and other key aspects.     UNDERSTANDING WHAT SHORT-TERM CARE INSURANCE IS Short-term care insurance differs from  long-term care insurance  (LTC) in terms of coverage duration and scope. While long-term care insurance is designed to cover extended care needs typically beyond 90 days, short-term care insurance provides coverage for shorter periods, usually up to one year. Short-term care insurance bridges traditional health insurance and long-term care insurance, ensuring individuals receive the care they need during recovery or rehabilitation .   SITUATIONS WHERE SHORT-TERM CARE INSURANCE IS A GREAT SOLUTION Consider a scenario where an individual undergoes surgery and requires temporary assistance with daily activities. Short-term care insurance can cover in-home care, rehabilitation services, and even short stays at nursing facilities, easing the financial burden during recovery. It is an ideal solution for individuals who may not require long-term care but still need support for a limited period.   WHEN IS THE BEST TIME TO PURCHASE SHORT-TERM CARE INSURANCE? Short-term care insurance can play a constructive role in your health insurance coverage . Although there is no “perfect time” to buy STC, there are several situations where purchasing a short-term care insurance plan can be incredibly beneficial.  Oftentimes, those who have been  declined long-term care insurance  or those who cannot afford it may find that STC is a great alternative. Additionally, those looking for coverage during the elimination period (the period of time you have to wait before your long-term care insurance kicks in) often find a lot of value in short-term care insurance.   QUALIFYING FOR SHORT-TERM CARE INSURANCE Short-term care insurance covers a range of qualifying expenses. Some expenses that may be covered with STC include: Rent at facilities. Home care services . Home health care services . Skilled nursing care. Therapy services.  These expenses are intended to support individuals during their recovery and rehabilitation .   WHAT ARE THE BENEFITS AND LIMITATIONS OF HAVING A SHORT-TERM CARE INSURANCE POLICY? When making a claim, the amount available under short-term care insurance benefits depends on the specific policy and its coverage limits. Some policies may have daily, weekly, or monthly benefit limits. Short-term care insurance policies typically offer flexibility regarding benefit duration, allowing individuals to select a coverage period that aligns with their anticipated recovery timeline. Additionally, short-term care insurance can be used alongside long-term care insurance policies, providing complementary coverage across different phases of care.   SHORT-TERM CARE INSURANCE AVAILABILITY Notably, short-term care insurance is not available to everyone. Although numerous insurance companies offer this type of insurance, many states do not permit them to issue it . As of January 2022, according to the American Association of Long-Term Care Insurance, you will not be able to get short-term care insurance if you live in California, Minnesota, Florida, New York, Vermont, New Hampshire, Connecticut, or Massachusetts.   Pros and Cons of Short-Term Care Insurance While short-term care insurance may sound like a great option, it’s not suitable for everyone. As with anything in life, there are both benefits and drawbacks to short-term care insurance. To help you get a better understanding of them, we’ve put together a list of the most prominent pros and cons of STC below: Pros: Provides immediate coverage for short-term health care needs. Offers flexible benefit durations, allowing you to tailor the perfect policy to your unique situation. Acts as a bridge between traditional health insurance and long-term care insurance. Eases financial burden during recovery periods. Cons: STC plans typically offer only $100 to $200 per day in coverage, which may not be sufficient for some. Short-term care plans typically cover one year or less. STC isn’t available in a few states, including some of the most populous states.   HOW MUCH DOES SHORT-TERM CARE INSURANCE COST? As with any insurance, the cost of short-term care insurance will depend on your specific situation, including your age, health status, coverage limits, and coverage duration. Given the shorter-term nature of STC, it’s often much cheaper than long-term care insurance. In most cases, you can expect to pay between  $65 and $300 per month  for $150 per day’s worth of coverage, depending on your age and the type of care you wish to receive.   HOW TO APPLY FOR SHORT-TERM CARE INSURANCE & HOW TO ACCESS YOUR BENEFITS The application process for STC involves completing an application form, providing relevant medical information, and undergoing a thorough underwriting process. Insurance carriers assess your health condition and may require medical exams or records to determine eligibility and premium rates.   To claim with STC, you must contact your Short-Term Care Insurance company and provide documentation, such as medical records and bills, to support your claim. The carrier will review the information and, if approved, provide you with the benefits outlined in your policy. Triggers for claiming STC benefits may include hospitalization, surgery, rehabilitation needs, or recovery from an illness or injury. Each policy will specify the qualifying events or conditions that allow you to make a claim. The duration of claimable benefits under STC varies by policy. Some policies offer benefits for up to 360 days, allowing individuals to receive care during the necessary recovery period.   WRAPPING THINGS UP   WHY SHOULD YOU CONSIDER A SHORT-TERM CARE INSURANCE POLIC Y Short-term care insurance can be a valuable solution for individuals who require temporary care and support during recovery or rehabilitation. This may make short-term care insurance a useful addition to your health insurance coverage . Before you buy a policy, you should consult with a reputable insurance broker. A reputable broker will help you find the best policy for your unique needs and wants .

Michael T. Braden, Aust 24, 2025 ENROLLING IN MEDICARE CONGRATULATIONS, YOU HAVE YOUR NEW MEDICARE CARD! NOW WHAT SHOULD YOU DO?   5 THINGS YOU SHOULD DO AFTER RECEIVING YOUR MEDICARE CARD If you’ve recently received your red, white, and blue Medicare card, congratulations, you’re officially on your way to accessing valuable healthcare benefits. But what comes next? Whether you’re brand new to Medicare or just transitioning from another form of coverage, there are a few essential steps to take to ensure a smooth experience. Here are five things to do after your Medicare card arrives in the mail.     BRANDEN MEDICARE INSURANCE POSTER SHOWING THE RED, WHITE, AND BLUE MEDICARE CARD 1.   REVIEW YOUR MEDICARE CARD FOR ACCURACY When your Medicare card arrives, the first thing to do is verify your Part A and Part B effective dates. These dates are essential because they determine when your coverage begins. Mistakes, although rare, can still occur, so be sure to double-check your Medicare Card for accuracy. Part A typically covers hospital services, while Part B covers outpatient care, doctor visits, and preventive services. Together, these parts make up Original   Medicare . Understanding what’s included and what’s not included will help you plan for any additional coverage you may need. 2.   REVIEW ALL OF YOUR MEDICARE COVERAGE OPTIONS Original Medicare doesn’t cover everything. You may incur out-of-pocket costs, such as deductibles and coinsurance, with no cap on yearly expenses. This is where supplemental coverage comes in. There are two main options: Medigap Plans : Also known as Medicare Supplement Insurance, these plans help cover the costs that Original Medicare doesn’t pay. Medicare Part C : Also called Medicare Advantage, these plans bundle Parts A and B and often include additional benefits like vision, dental, and prescription drug coverage. Your decision will depend on factors such as your budget, health needs, and your provider's preferences. If you’re newly eligible, your Initial Enrollment Period   is the best time to choose a plan without facing penalties or limited options.   3.   SET UP YOUR OWN ACCOUNT ON THE MEDICARE WEBSITE Creating an account on the Medicare website at  www.m edicare.gov   allows you to manage your benefits online easily. With an account, you can: View and print your Medicare card. Check claims and coverage details. Track preventive services Find providers that accept Medicare. It only takes a few minutes to register, and having access to your account can make managing your healthcare much more convenient. 4.   SCHEDULE YOUR FREE “WELCOME TO MEDICARE VISIT” WITH YOUR DOCTOR During your first 12 months of Medicare Part B coverage, every new Medicare Beneficiary is entitled to a “Welcome to Medicare” preventive visit. This is a one-time, 45-minute appointment with your Primary Care Doctor to discuss your past, current, and future health care. During your visit, you will discuss: A review of your medical and family history A basic vision test Blood pressure, height, and weight checks A review of what preventive screenings you have done Set a schedule for any additional or missed screenings. Discuss any other concerns you may have and receive personalized health advice. This visit is covered at no cost to you if your provider accepts Medicare. It’s an excellent opportunity to ask questions and begin building your Medicare care team.     5.   BE AWARE OF UNSCRUPULOUS MEDICARE SCAMS Unfortunately, Medicare scams are all too common, especially targeting new beneficiaries. Scammers may pose as Medicare representatives to try to obtain your personal information. To protect yourself: Never give out your Medicare number to unsolicited callers. Be cautious of anyone offering free equipment or services in exchange for your Medicare info Monitor your Medicare account and statements for unauthorized charges. If something feels off, trust your instincts and contact Medicare directly at 1-800- MEDICARE . By the way, I would say that in my experience, 99% of the people you talk with whenever you call 1-800-MEDICARE are positively astounding. They are patient and friendly, and they have completed extensive training. And, if you ever feel the need to request a supervisor, that is your right. WRAPPING THINGS UP Receiving your Medicare card is just the beginning of your healthcare journey. By reviewing your benefits, considering supplemental options, and taking advantage of preventive care, you can make the most of your coverage.

Michael T. Braden August 25, 2025 MEDICARE 101 WHAT IS MEDICARE You may find yourself asking, What is Medicare? Medicare is a federally run health insurance program for Americans aged 65 and over or those who meet specific eligibility criteria. In this article, we take a closer look at the Four Parts Of Medicare. Picture of a Wooden Dice with Question Marks on all sides and a Heading "What Do The 4 Parts Of Medicare Cover? Medicare consists of four parts. However, additional options are available for those who want a higher level of coverage. Medicare can be confusing if you are not adequately educated. That is where we come in. Below, we review the four parts of Medicare and how they work together to provide healthcare coverage. DEFINITION OF MEDICARE Medicare is defined as federal health insurance for people 65 or older, those younger than 65 with disabilities, and those with amyotrophic lateral sclerosis or end-stage renal disease. Original Medicare, consisting of Part A and Part B, is the original Medicare program. These parts are inpatient hospital coverage and medical coverage, respectively. Additionally, Medicare Part C and Part D provide benefits to help Medicare resemble group or employer coverage. Medicare Part C may include dental or vision coverage, whereas Medicare Part D provides prescription drug coverage. Medicare is the most widely used health insurance program for individuals aged 65 and older. If you are nearing eligibility, it is essential to understand what Medicare is and how its four parts work. However, Medicare does not cover everything. You may need to enroll in additional plans to obtain full coverage. THE FOUR PARTS OF MEDICARE WHAT IS MEDICARE PART A? Braden Medicare: What Is Covered Under Medicare Part A Poster Medicare Part A is inpatient hospital insurance. This part of Medicare covers some of your hospital, inpatient nursing facility, and hospice costs. When you enroll in Medicare Part A, you are responsible for paying a per-occurrence deductible and daily copays after meeting the deductible. For most, Medicare Part A has a $0 monthly premium. You qualify for a zero-premium if you have worked at least ten years paying Medicare tax in the United States. Otherwise, you must pay a monthly premium. This premium can be as high as $518 per month in 2025. WHAT IS MEDICARE PART B? Medicare Part B is medical insurance. This part of Medicare covers your doctors’ visits, procedures, and treatment while you are in the hospital. Part B of Medicare covers two types of services: preventive and medically necessary. Additionally, Medicare Part B covers durable medical equipment that may be needed to manage health conditions. Braden Medicare: What Does Medicare Part B Cover Poster Medicare Part B requires you to meet an annual deductible before you receive coverage. Once you meet your deductible, Medicare Part B will cover 80% of your cost, and you are responsible for the remaining 20%. There is no maximum out-of-pocket amount for Medicare Part B, which means there is no cap on your costs. Unlike with Medicare Part A, you must pay your Medicare Part B premium every month, regardless of how long you paid Medicare taxes while working. The standard monthly Medicare Part B premium for 2025 is $185.00. However, this may be higher depending on your adjusted gross monthly income. Medicare Part B covers all of your healthcare outside of the hospital. This includes physician visits, physical therapy, laboratory tests, durable medical equipment, and other related expenses. Medicare Part B has an annual deductible of $257 in 2025. After you meet the deductible, all of your remaining Part B costs are covered by Medicare. Please refer to the chart below to see what is covered under Medicare Part B. WHAT IS MEDICARE PART C? Medicare Part C is otherwise known as Medicare Advantage. Private insurance companies that are approved by Medicare offer Medicare Advantage plans. If you enroll in Medicare Part C, it will become your primary coverage over Original Medicare. Braden Medicare: What Is Medicare Part C Poster Medicare Advantage plans combine Medicare Part A and Part B coverage with additional benefits to provide you with an all-in-one plan. However, carriers offering these plans have the authority to choose the co-payments, deductibles, and maximum out-of-pocket limits. Additionally, Medicare Part C may provide coverage for hearing, vision, and dental care, as well as transportation and gym membership. These benefits are not available with Original Medicare. Medicare Part C plans have low premiums – many at $0. However, even with a low monthly premium, you may still incur higher costs with Medicare Part C due to its high out-of-pocket limits and cost-sharing requirements. Additionally, you will still need to pay the Medicare Part B deductible when you have Medicare Advantage coverage. WHAT IS MEDICARE PART D? Medicare Part D is a prescription drug coverage option. This part of Medicare helps cover the costs for medications your physician may prescribe for you to take at home. Private insurance companies approved by Medicare offer Medicare Part C plans. If you have Original Medicare, it is essential to enroll in a Medicare Part D plan to receive prescription drug coverage. If you delay enrollment in Medicare Part D and do not have creditable drug coverage, you may need to pay the Medicare Part D penalt y in the future. The average Medicare Part D plan in 2025 costs $46.50 per month. However, plans are available for as low as $5 in some areas. It is crucial to obtain drug coverage, as we never know when we will require medications to maintain our health. Braden Medicare Medicare Part D Explained Poster ARE MEDICARE SUPPLEMENT PLANS PART OF MEDICARE? Medicare Supplement (Medigap) plans are not an official part of Medicare. However, they are made to be secondary to your Original Medicare coverage. Medicare Supplement plans are federally standardized to match specific criteria. Thus, the same policy, regardless of the carrier, must provide you with the same benefits. Typically, there are 12 standardized Medicare Supplement plans available in most states. However, not every option may be available to you. You must ensure that you meet the qualifications before enrolling. Each plan has its own set of benefits to help you cover your healthcare costs. Because Original Medicare covers only 80% of your costs, Medigap plans fill the coverage gap. Keep in mind that if you enroll in Medicare Part C, you cannot enroll in a Medicare Supplement. Therefore, it is crucial to compare all available coverage options to ensure you select the most suitable one for your needs. Like Medicare Part C, Medicare Supplement plans have a monthly premium that must be paid to maintain coverage. Monthly premium prices can range from $50 to $450, depending on the plan. WHAT IS NOT COVERED BY ORIGINAL MEDICARE? The four parts of Medicare do not cover everything. Medicare Part C can cover many benefits that Original Medicare does not. Services not typically covered by Medicare include: Hearing aids and hearing exams Most dental care/dentures Long-term custodial care Routine eye exams/glasses Cosmetic surgery Acupuncture Routine foot care If you have Original Medicare, you can still enjoy most of these services by enrolling in a stand-alone plan to cover the benefits you desire. MEDICARE ELIGIBILITY & ENROLLMENT IN MEDICARE Not everyone can obtain Medicare coverage. You must meet specific criteria to be eligible for the federal health program. You must meet at least one of the following: Age 65 or older Receive Social Security Disability Income (SSDI) for 24 months. Diagnosed with ALS or ESRD Additionally, you must be a U.S. citizen for at least 5 years. Many people automatically enroll in Original Medicare upon turning 65. Braden Medicare How To Enroll In Medicare Poster However, you may need to enroll in Medicare through the Social Security Administration. If you are not receiving Social Security benefits when you enroll in Medicare, this will be the case for you. You should enroll as soon as you become eligible to avoid future late enrollment penalties. ARE YOU NEW TO MEDICARE? If you are new to Medicare or recently eligible for the federal health program, you should begin by enrolling in Original Medicare. Braden Medicare IEP Poster Typically, those new to Medicare will enroll in Original Medicare upon their 65th birthday. Around this time, you get an Initial Enrollment Period when you can enroll in Medicare Part A and Part B. Remember, enrollment in Original Medicare coverage is not mandatory when you are first eligible – or ever. However, if you do not enroll or have creditable coverage in the meantime, you must pay a penalty if you eventually enroll in Original Me dicare. For most, Medicare Part A has a $0 monthly premium. If you work at least ten years in the U.S., paying Medicare taxes, you will not owe a Medicare Part A premium as long as you have this coverage. On the other hand, Medicare Part B requires a premium for all participants. In 2024, the base Medicare Part B premium is $174.70; it increases to $185.00 in 2025. However, this may increase with your income. Higher earners may need to pay a higher Medicare Part B premium. On the other hand, those with lower incomes may qualify for assistance programs that partially or fully cover their Medicare Part B premium. ABOUT MEDIGAP/MEDICARE SUPPLEMENT PLANS After you enroll in Original Medicare, you have the chance to pair this coverage with a Medicare Supplement plan. Medicare Supplement plans pay secondary to Original Medicare, filling coverage gaps and covering out-of-pocket costs. When you are new to Medicare, you may not understand all the costs associated with Original Medicare. These costs change annually, so it is essential to stay as up-to-date as possible. Braden Medicare Medigap Poster Medicare Part A requires you to pay a per-occurrence deductible and per-day copayments when you stay in the hospital past the allowed number of days. Meanwhile, you must pay an annual deductible and a 20% coinsurance on Medicare Part B. This is where Medicare Supplement (Medigap) plans can provide significant help. These plans help alleviate out-of-pocket costs, making your healthcare more affordable. When you are new to Medicare, you receive a Medicare Supplement Open Enrollment Period . This means that you can enroll in any Medigap plan, regardless of your pre-existing conditions. Your open enrollment window for Medigap is unique to you, but it only lasts six months. Once it is over, you can still enroll in a Medigap plan at any time; however, you will need to undergo medical underwriting. Therefore, it is essential to enroll in a Medicare Supplement plan as soon as you become eligible. It may be your only opportunity. Once you have a Medigap plan, you can receive care from any health professional who accepts Original Medicare. Because benefits are standardized, your carrier does not impact the doctors you can visit. Additionally, you will never require a referral to see a specialist. ABOUT MEDICARE ADVANTAGE PLANS Braden Medicare: What Is Medicare Advantage Poster If you choose not to enroll in a Medicare Supplement plan, the next best option is a Medicare Advantage plan. However, you cannot enroll in both plan types simultaneously. You must only choose one. Medicare Advantage , also known as Medicare Part C, is a comprehensive Medicare plan that offers additional benefits beyond Original Medicare. These benefits may include dental, prescription, hearing, vision, and transportation coverage, as well as gym memberships and other benefits. Enrolling in a Medicare Advantage plan often incurs no additional monthly cost. However, you must still pay your Medicare Part B premium each month. Additionally, these plans frequently have higher maximum out-of-pocket limits. These limits can be as high as $10,000 or more if you go out of network. This coverage type is often more restrictive than Medicare Supplement plans, so more clients tend to enroll in a Medigap plan to save money over time. WRAPPING THINGS UP Hopefully, you now feel more familiar with the different parts of Medicare and what each includes. We understand it can be overwhelming and confusing at first, so we’re here to help you find the information you or your loved ones need. Not only are we an online Medicare learning resource, but we can also help you find the best rates for the above types of coverage! Braden Medicare Business Card For Michael Braden Please don't hesitate to contact us if you have any questions.

Michael T. Braden August 24, 2025 MEDICARE SUPPLEMENT PLANS WHICH MEDICARE SUPPLEMENT PLAN IS BETTER, PLAN N OR PLAN G Inside this article, we focus on the differences between the two most popular Medigap Plans in the US, Medigap Plan G and Medigap Plan N. Braden Medicare Insurance Poster Showing a Full Comparison Between Medicare Supplement Plan G and Medicare Supplement Plan N   When comparing Medigap Plan N and Plan G, both offer substantial coverage; however, Plan N has higher out-of-pocket costs .  Plan G typically has higher premiums than Plan N, so you want to decide whether you want higher monthly premiums or if you prefer to reduce monthly premiums and pay copayments for specific doctors and emergency room visits.  With Plan G, excess charges are fully covered, but with Plan N, you could be responsible for an additional 15% if you see a provider who charges more than the Medicare-approved amount.  ·          When it comes to Medicare Supplement Insurance (Medigap), there are  10 standardized plans  and two  High Deductible Medigap  plans available. Each plan covers specific healthcare costs not included in Original Medicare (Parts A and B). Among these plans,  Medigap Plan G and its fellow high deductible version  have exploded in popularity since Plan F and High Deductible F went away for newer beneficiaries. Medigap Plan N gained popularity as one of the most sought-after options due to its comprehensive coverage and affordability.  However, differences between the G and N can affect your healthcare expenses and your decision about which is more suitable for you. In this article, we’ll compare Medigap Plan G vs Medigap Plan N to help you decide  what best suits your needs.     MEDIGAP PLAN G OFFERS THE MOST COMPREHENSIVE COVERAGE AVAILABLE WITH PREDICTABLE COSTS    Since Original Medicare does not cover all your healthcare services and leaves you with out-of-pocket costs, many beneficiaries purchase additional insurance, such as a Medigap plan, to help with cost-sharing.  Medigap Plan G receives praise for its comprehensive coverage. It is a top choice for individuals seeking high financial protection against healthcare expenses. One notable aspect of Medigap Plan G is that it does not cover the Medicare Part B deductible. In layperson’s terms, Plan G pays after Medicare A and B pay, except for the Part B deductible. In 2025, the Part B deductible is $257, meaning you’ll need to pay this amount before Plan G covers your Part B expenses for the year. However ,  once you pay the deductible , you’ll be covered 100% by Medicare and Plan G for all approved services, leaving you with predictable, minimal out-of-pocket expenses.       THESE ARE ITEMS COVERED UNDER MEDICARE SUPPLEMENT PLAN G   Medicare Part A Deductible:  Plan G covers the Medicare Part A deductible ($1,676 in 2025), which is the cost you’d typically pay out of pocket before your Medicare benefits kick in.  Medicare Part A Coinsurance and Hospital Costs:  Plan G covers Part A copays and coinsurance, and an additional 365 days after Medicare benefits have been used.  Medicare Part B Coinsurance and Copayments:  Since Part B pays 80% for approved services, Plan G pays the remaining 20% Part B coinsurance and copayments. Plan G ensures you have little to no out-of-pocket costs for outpatient services like doctor’s visits. Plan G covers the first three pints of blood needed for a medical procedure.  If skilled nursing care is needed, Plan G pays the coinsurance for care received in a skilled nursing facility.  Plan G covers the coinsurance or copayments for hospice care under Medicare Part A.    MEDICARE SUPPLEMENT PLAN N GIVES YOU COST SAVINGS WITH GREAT COVERAGE    While Plan G is considered more comprehensive, Medigap Plan N offers a more budget-friendly option for those who prefer to trade a few additional out-of-pocket costs for a lower premium.      WHAT IS COVERED BY PLAN N:    Like Plan G, Plan N covers coinsurance, deductibles, and additional hospital expenses under Medicare Part A, as well as hospice care, skilled nursing facility care coinsurance, and the first three pints of blood for a medical procedure.  Plan N also covers the remaining Part B coinsurance, but you will be responsible for some small copayments in addition to the Part B deductible.  THINGS NOT COVERED BY PLAN N:    Medigap Plan N has a few cost-sharing features that set it apart from Plan G. Let’s look at what costs you can expect to pay with Plan N:  Part B Deductible: You are responsible for paying your Medicare Part B Calendar Year Deductible, which is $257 in 2025.  Part B Excess Charges:  Plan N does not cover Part B excess charges. These charges can occur if your healthcare provider charges more than the Medicare-approved amount. In this case, a provider can charge up to 15% more than the allowed amount, and you would be responsible for paying these excess charges yourself.  Outpatient Copays: While Plan N offers cost savings by offering lower monthly premiums than Plan G, it also incurs out-of-pocket expenses when visiting healthcare providers. For certain office visits, you may be charged a copay of up to $20; for emergency room visits, a copay of up to $50 may apply .  However, for many beneficiaries, these costs are manageable, and the savings on monthly premiums make Plan N an attractive choice.  HOW TO CHOOSE WHICH PLAN IS BEST FOR YOU BETWEEN PLAN N AND PLAN G      BRADEN MEDICARE INSURANCE 2025 MEDICARE SUPPLEMENT COMPARISON CHART All lettered Medigap plans are standardized, no matter the carrier you choose. Each letter plan has the same medical benefits, regardless of which carrier you choose. REMEMBER THESE KEY FACTS WHEN MAKING YOUR DECISION:     Budget:   Plan N may be more budget-friendly if you prefer lower monthly premiums. However, you will share some costs when you receive medical services.  Predictable Costs:   Suppose you value predictability in your healthcare expenses and don’t want to worry about copayments or the Part B deductible. In that case, Plan G offers comprehensive coverage with   virtually no out-of-pocket costs  once you meet the Part B deductible.  Part B Excess Charges:   If you want  complete protection against Part B excess charges , Plan G covers them. If you live in a state that prohibits Part B excess charges, Plan N could be the choice for you.    Rate Increases:  Premium increases for Medigap plans are inevitable, but rate changes will vary by carrier . When selecting a carrier, consider the company’s rate-increase history and financial rating. Choose a carrier  stable enough to manage claims  and one that won’t dramatically increase your premium after one year.    DETERMINATING FACTORS    Ultimately, the best Medigap plan for you depends on your circumstances and preferences. You should carefully assess your healthcare needs and budget before making a decision . Medigap Plan G and Plan N each offer unique advantages. The choice between them comes down to your financial priorities and healthcare requirements.  As a Medicare broker, we can provide expert guidance when comparing Plan G vs Plan N in your area. We strive to make the decision-making process more straightforward. Call us today, and we’ll be happy to help!  Approximately 93.7% of all doctors accept Medicare’s fee structure , meaning they accept Medicare . The main subset of doctors who do not accept Medicare are most typically: Pediatricians Psychiatrists Psychologists Naturopathic Doctors Homeopathic Doctors     WRAPPING THINGS UP   If you prioritize comprehensive coverage and want to minimize out-of-pocket expenses, Plan G may be a better fit.   Plan N often has lower monthly premiums compared to Plan G, so if you’re comfortable with sharing some costs like copayments, Plan N may be a better option for you. You can always call your Doctor's office to ask whether they charge Copays for Medicare Supplement Office Visits and how much they charge.  Many doctors never charge for this. There are 12 Different Codes Doctors can use for a Copay, which is why it can range from $0 to $20. Over time, Medigap Plan N has had slightly lower premium increases than Plan G. Perhaps the most challenging thing to forecast is what you expect to want for your Healthcare 10, 15, and 20 years from now.  If you want the most predictable costs over time, Plan G may be a good choice. However, if you prefer to save $300-$400 per year now, Plan N may be a better value over time.

Michael T. Braden August 25, 2025 MEDICARE ENROLLMENT YOUR FIRST 90 DAYS WITH MEDICARE Getting comfortable with Medicare can feel overwhelming, but knowing what steps to take in your first 90 days can make a significant difference in how well your benefits work for you. Whether you’re just turning 65 or transitioning from employer coverage, this Medicare starter guide breaks down what you should do in the first three months to set yourself up for success. FAMILIARIZE YOURSELF WITH THE MEDICARE INITIAL ENROLLMENT PERIOD (IEP)  The first step in your Medicare education is to understand your Initial Enrollment Period . This is the seven-month window that begins three months before your 65th birthday, your birth month, and the three months after. Enrolling during your IEP means you will avoid late-enrollment penalties and coverage delays . If you’re not sure whether you qualify for automatic enrollment in Medicare or need to sign up manually, it’s essential to check with Social Security or Medicare directly. Some individuals, especially those who continue working past age 65, may delay Part B to avoid paying unnecessary premiums while covered by an employer plan. However, timing is everything. If you miss your IEP and don’t have creditable coverage, you could face a permanent penalty added to your monthly premium. Understanding the IEP not only protects your wallet but also helps ensure a smooth transition into Medicare coverage. CONFIRM WHEN YOUR MEDICARE COVERAGE STARTS After enrolling, it’s crucial to confirm your Medicare start date. You’ll receive a red, white, and blue Medicare card in the mail, which indicates when your coverage begins. This date varies depending on when you enroll in the IEP. Keep this card in a safe place, but also consider making a copy for your records. You can check your enrollment status and coverage start date by creating a Medicare.gov account if you haven’t already. Your coverage start date determines when you can begin using your Medicare benefits. Enrolling during the first three months of your IEP will typically allow your coverage to start on the first day of your birthday month. However, if you wait until your birthday month or the months following, the start date may be delayed. Knowing exactly when your benefits begin ensures you’re covered when you need care, allowing you to schedule doctor visits and obtain prescriptions without interruption. ENROLLING IN THE BEST PLAN FOR YOU Once you’re enrolled in Parts A and B, the next step is determining how you want to receive your benefits. You have two primary options: stick with Original Medicare , which allows you to visit any provider and any hospital in the US, or choose Medicare Part C , also known as Medicare Advantage, which bundles hospital, medical, and often drug coverage into one plan.   Your decision should be based on your current and future healthcare needs, your preferred doctors and hospitals, and your financial situation. Original Medicare offers more flexibility and nationwide access to providers, but it lacks out-of-pocket maximums and comprehensive drug coverage. On the other hand, Medicare Advantage plans often include additional benefits, such as dental, vision, and wellness programs, but may require use of a specific provider network. Carefully compare plan benefits, premiums, provider access, and additional services to determine which path best aligns with your lifestyle. ENROLLING IN ADDITIONAL COVERAGE Original Medicare doesn’t cover everything. To help fill the gaps, many new beneficiaries explore supplemental coverage options, such as Medigap/Medicare Supplement Plans, which cover out-of-pocket costs like deductibles, copayments, and coinsurance. If you choose Original Medicare, you may also want to enroll in a standalone Part D plan for prescription drug coverage. Your six-month Medigap Open Enrollment Period is a critical window that begins when you’re both 65 and enrolled in Part B. During this time, you have guaranteed issue rights, meaning you can enroll in any Medigap plan available in your state without medical underwriting. After this window closes, you may be denied coverage or charged higher premiums due to your health conditions. Similarly, enrolling in Part D when first eligible helps avoid lifetime late enrollment penalties and ensures your medications are covered from the start. Braden Medicare Insurance Initial Enrollment Period Poster For Medicare UNDERSTANDING WHAT MEDICARE COSTS One of the most important things to understand is that Medicare is not free.  While Part A is usually premium-free if you’ve paid Medicare taxes for at least 10 years, Part B has a standard monthly premium ($185 in 2025) that can vary based on your income. Medicare Advantage and Part D plans may also have premiums, copays, and deductibles that vary by plan and carrier. Additionally, Medigap premiums vary by plan and state of residence. Beyond premiums, it’s essential to understand your potential out-of-pocket costs, including deductibles, coinsurance, and copayments. Original Medicare doesn’t cap these expenses, which is why most Medicare beneficiaries add a Medicare Supplement (Medigap) plan to bolster Original Medicare.    Medicare Advantage plans do have a yearly out-of-pocket maximum, but costs can vary significantly depending on whether you stay in-network. Reviewing your income-related premium amounts (IRMAA), if applicable, and budgeting for recurring healthcare costs will help prevent unexpected expenses and ensure your financial health stays on track alongside your physical health. GETTING COMFORTABLE WITH YOUR NETWORKS If you choose a Medicare Advantage plan, you’ll likely be required to use a network of doctors, specialists, and hospitals. It’s essential to understand the rules of your plan. HMO plans typically require referrals and have strict network restrictions, while PPO plans offer more flexibility with out-of-network care, albeit at a higher cost. If you stick with Original Medicare, you can visit any provider nationwide that accepts Medicare. During your first 90 days, review your plan’s provider directory to confirm that your current doctors are in the network. You should also identify nearby specialists and hospitals that accept your coverage. Establishing care with a primary care physician early helps coordinate preventive services, manage chronic conditions, and keep your records up to date. If you need a new doctor, consider scheduling meet-and-greet appointments to ensure the provider is a good fit. This proactive approach helps you feel confident and supported in your healthcare decisions from the beginning. Understanding your MOOP is vital.  MOOP is an acronym used to describe your Maximum Out-of-Pocket Expense with Medicare Advantage.  Each Plan will have an MOOP, meaning that you are responsible for all Co-Pays and Co-Insurance until you reach your plan's designated MOOP.  After that, your plan will cover all remaining costs for the remainder of the calendar year. MOOP values vary by plan, but the nationwide average is over  $5,700. HOW TO COMPARE MEDICARE PLANS Cost is essential to everyone, especially when we retire, and healthcare costs are not for the faint of heart.  How can you compare Original Medicare and Medicare Advantage plans when they are fundamentally different? First, let's examine Original Medicare with either a Medicare Supplement/Medigap Plan N or Plan G. I am using these two plans as examples because they are the two most popular available and are used by over 95% of Medicare recipients.     Braden Medicare Insurance Highway Sign Poster Showing The Option To Choose To Enroll In Original Medicare Or Enroll In A Medicare Advantage Plan   Beneficiaries choose one of these two Medicare options: Medicare Supplement premiums vary by state.  Arizona’s Medigap premiums are among the lowest in the nation.  Also, men will always pay $10 to $20 more than women for coverage. Discounts matter, so if you live at the same address as anyone 60 or older, you will receive a Roommate Discount of 6-20%. For example, let’s say a 65-year-old man chooses Original Medicare and adds a Medigap/Medicare Supplement Plan G (Plan G typically costs $30 more per month than Plan N).  His premium will be approximately $150 per month, totaling $1,800 per year. His Medicare Part B Annual Deductible is $257. His total costs for the year will be $1,800 plus the Part B Deductible of $257, for a total of $2,057. Now, Original Medicare does not include routine Dental or Vision coverage, so I would budget an additional $600 for both, bringing our total to $2,657  for the year. Additionally, Part A (Hospitalization is typically free, and his Medigap/Medicare Supplement Plan pays the $1,776 Medicare Part A Deductible. Physical and Occupational Therapy are covered under Original Medicare; Medicare Advantage does not cover these plans.  And most Medicare Advantage plans limit the number of visits to 10. Medicare Advantage HMO Plans offer the lowest-cost plans (Most plans have a $0 Monthly Premium), but they have the most restrictive networks.  Most HMO plans nationwide are known as All-In-One plans because they typically include Prescription Drug Coverage, Dental, Vision, and hearing benefits, as well as a Gym Membership. But the nationwide average MOOP of $5,700 means you will pay out of pocket $5,700 before the plan covers any expenses . That is over $3,000 more than Original Medicare with a Medicare Supplement (Medigap) plan. A few other things to consider when considering Medicare Advantage plans.  Typically, you need to stay within your network.  Your plan is generally only sound in the county where you live, but you are covered for Emergency care out of network.  Cancer Treatments have a 20% Co-Insurance with every Medicare Advantage plan. If you are hospitalized, the average daily inpatient cost is $300 for the first 7 days. Medicare Advantage Plans: Most plans offer some coverage for routine Dental, Vision, and Hearing Care.  These benefits have been shrinking over the last three years, and although insurance companies advertise $1,000 in Dental Coverage, they do not disclose that it is actually limited to $250 per quarter.   For vision care, services provided by an ophthalmologist are typically covered by Medicare, but not by an optometrist . In Arizona, the Mayo Clinic, Mayo Hospital, and Barrow’s Neurological Center accept Original Medicare, but they do not  accept any Medicare Advantage plans. Lastly, this really is important; Medicare typically covers anything that a Doctor who accepts Medicare’s Assignment deems is a “Medically Necessary Procedure”.  While Medicare Advantage plans can require you to get two, three, or more second opinions, they are not obligated to approve anything. PRESCRIPTION DRUG PLANS 99% of all Medicare Advantage plans provide coverage for Prescription Medications; However, you are still responsible for the costs of your prescriptions.  And there are many Stand-Alone Medicare Part D Prescription Drug Plans for those who prefer Original Medicare.  These plans can range from a monthly premium of $0 to $89.  Everyone is different, and sometimes more expensive plans can save you the most money overall.  We always conduct a comprehensive comparison to find you the lowest combined premium and medication costs each year. The maximum OOP (Out-Of-Pocket) costs anyone will pay for their total prescriptions for the year is $2,000 ($2,100 in 2026). PREVENTATIVE SCREENINGS Medicare emphasizes preventive care and offers a range of services at no cost to you. Within the first year of having Part B, you’re entitled to a “Welcome to Medicare” visit—a one-time preventive appointment to establish a health baseline. You should also schedule additional covered services, such as annual wellness visits (starting in year two), cancer, diabetes, and heart condition screenings, and immunizations for flu, pneumonia, and COVID-19. Taking advantage of preventive services not only keeps you healthier but also saves money over time by detecting issues early. Make a checklist of what you’re eligible for and work with your primary care provider to complete necessary tests or vaccinations. Many preventive services have specific timeframes and eligibility guidelines, so staying on top of your Medicare calendar ensures you don’t miss valuable benefits. Use this time to establish a care routine that supports long-term wellness.      SETTING UP AN ACCOUNT ON THE MEDICARE WEBSITE Setting up your Medicare.gov account is a crucial step in managing your benefits effectively. With your account, you can view your claims and coverage, track preventive services, print a new Medicare card, and update your contact information. This portal simplifies your Medicare experience and puts essential tools at your fingertips. A Medicare.gov  account also allows you to compare plans, manage prescription drug costs, and keep track of your plan’s network and formulary updates. If you ever change coverage, this account will be indispensable for ensuring a seamless transition. During your first 90 days, take the time to become familiar with your portal’s features. Whether you’re managing your own care or assisting a spouse, being digitally connected to your benefits helps you stay informed and proactive about your health coverage. Top of Form   WRAPPING THINGS UP The first 90 days after enrolling in Medicare are critical for making smart decisions about your healthcare. By understanding your enrollment window, confirming your start date, choosing the right plan, and setting up your Medicare.gov account, you’ll ensure a strong start. Please don't hesitate to contact us if you have any questions. We are here to help, and our services are provided at no charge, including our time and expertise.  This includes during the enrollment process and for the next twenty years. Braden Medicare Insurance Business Card For Michael Braden

Michael T. Braden, August 25, 2025, Medicare News MEDICARE CHANGES FOR 2026 Well, we made it through another year, and I hope you and your loved ones are safe and healthy.  With Fall and the Annual Enrollment Period (AEP) coming up on October 15 th , I thought this was a great time to say hello, check in, and relay some highlights of the 2026 Medicare Plan Year.   Thankfully, there are not nearly as many new concerns as last fall, but I think it's still good to share the information.  The most significant nationwide trend is that healthcare costs continue to rise rather than level off. We have seen that MOOP amounts continue to increase, along with Medicare Advantage, Part B Premiums, Part B Deductibles, Medicare Supplement Premiums, and Medicare Part D Deductibles .   We’re inviting you to receive a complimentary, full policy review, including a fresh look at your Medicare Part D Prescription Drug Plan, especially in light of the changes to Medicare Part D beginning January 1, 2025.    HERE ARE THE ESTIMATED COST CHANGES FOR THE 2026 MEDICARE PLAN YEAR   Medicare Part B Costs are increasing by an estimated 11.6% from $185 to $206.50 each month!  That is the most significant increase since 2022. The Part D Deductible maximums are increasing from $595 - $615. It looks like there will be even fewer Part D plans to choose from in 2026. All Medicare Part D plans will have a Maximum Out-Of-Pocket threshold of just $2,100, which means that no Medicare beneficiary will pay more than $2,100 for all of their Prescription Drugs in 2026.  The Annual Medicare Part B Deductible is projected to increase 12% to $288.     Medicare Advantage plans are receiving an increase from the Government, but not as substantial as they had hoped.  We anticipate that most MOOPs will continue to increase , while the “Extra Benefits” used to entice clients will continue to be trimmed down.  CIGNA will have the best Dental Benefits in 2026, followed by BCBSAZ.     For everyone with a Medicare Supplement (Medigap) plan, companies are still being greedy, given the increases they implemented in 2024 and 2025 .  We could be in for more of the same in 2026, but hopefully no more double-digit increases. I suggest that everyone review their Premiums and compare them to those of other companies.  You can switch plans 365 days of the year if you have a Medigap/Medicare Supplement plan. There is nothing better you can do to mitigate premium increases than to get your premiums as low as possible, as soon as possible.   Social Security Benefits are expected to increase by 2.7% in 2026.   Did you know that Medicare Part A will cost approximately $518 in 2026 for individuals who have not worked for at least 40 quarters? And that there are currently 67.3 million Medicare beneficiaries and 74.3 million Social Security beneficiaries in the US?   2026 will be the first time we see how well Congress did negotiating the prices of the ten most-prescribed brand-name medications. It appears that they've made significant progress, with many prices reduced by 38% to 79%. Eliquis is now down to $221, and overall, CMS estimates that Americans will pay $ 3.7 billion less for these 10 drugs in 2026.   PROJECTED IRMAA BRACKETS FOR 2026 Photograph Of Braden Medicare Insurance Projected 2026 IRMAA Brackets

Navigating the world of Medicare drug coverage can feel overwhelming. With numerous options and complex terms, selecting the right plan is crucial to managing your healthcare costs effectively. This guide will help you understand Medicare Part D plans, what to look for, and how to choose coverage that fits your needs. Medicare Part D Logo Understanding Medicare Drug Coverage Basics Medicare Part D is a federal program that helps cover the cost of prescription drugs. It is offered through private insurance companies approved by Medicare. Unlike Original Medicare (Part A and Part B), which does not cover most prescription drugs, Part D provides this essential benefit. When you enroll in a Medicare Part D plan, you pay a monthly premium, and in return, the plan helps pay for your medications. However, not all plans are the same. They differ in premiums, formularies (the list of covered drugs), copayments, and pharmacy networks. Key Components of Medicare Part D Plans Premiums : The monthly fee you pay to have the plan. Deductibles : The amount you pay out-of-pocket before the plan starts to pay. Copayments and Coinsurance : Your share of the cost for each prescription. Formulary : The list of drugs covered by the plan. Pharmacy Network : The pharmacies where you can fill your prescriptions at the plan’s negotiated rates. Understanding these components helps you compare plans effectively. Picture Of Prescription Medication Bottles On The Shelf In a Pharmacy How to Evaluate Medicare Drug Coverage Options Choosing the right Medicare drug coverage means looking beyond just the monthly premium. Here are practical steps to evaluate your options: 1. Review Your Current Medications Make a list of all the prescription drugs you take regularly. Please check whether these medications are included in the plan’s formulary. Some plans may not cover certain drugs or may require you to pay higher out-of-pocket costs. 2. Compare Costs Look at the total cost, including premiums, deductibles, and copayments. A plan with a low premium may have high copayments, which could cost you more over time. 3. Check Pharmacy Networks If you have a preferred pharmacy, ensure it is in the plan’s network. Using out-of-network pharmacies can lead to higher costs or no coverage. 4. Consider Extra Benefits Some plans offer additional perks like mail-order services, medication therapy management, or coverage for vaccines. 5. Use Online Tools Medicare’s official website offers a Plan Finder tool that allows you to enter your medications and compare plans based on your specific needs. Understanding Coverage Phases in Medicare Part D Medicare Part D plans have different coverage phases that affect how much you pay for your medications throughout the year. Initial Coverage Phase After you meet your deductible (if your plan has one), you pay a copayment or coinsurance for your prescriptions, and the plan covers the rest. Coverage Gap (Donut Hole) Once your total drug costs reach a specific limit, you enter the coverage gap. During this phase, you may incur higher out-of-pocket costs, but recent changes have significantly reduced them. Catastrophic Coverage After you spend a certain amount out-of-pocket, catastrophic coverage kicks in. You pay only a small coinsurance or copayment for the rest of the year. Understanding these phases helps you anticipate expenses and choose a plan that minimizes costs for each phase. Tips for Choosing the Right Medicare Part D Plan Selecting the best plan requires careful consideration. Here are actionable recommendations: Start Early : Review and compare plans during the Annual Enrollment Period (October 15 - December 7) to avoid penalties. Check for Plan Changes : Formularies and costs can change yearly, so reassess your plan annually. Consider Your Health Needs : If you expect changes in your medication needs, choose a plan with a broad formulary and flexible coverage. Seek Professional Help : Use resources like State Health Insurance Assistance Programs (SHIPs) for free counseling. Avoid Late Enrollment Penalties : Enroll when first eligible to prevent paying extra premiums later. By following these tips, you can find a plan that balances cost and coverage effectively. What to Do After Choosing a Plan Once you select a plan, it’s essential to stay informed and proactive: Keep Track of Your Medications : Notify your plan if your prescriptions change. Use Your Plan’s Resources : Take advantage of mail-order pharmacies or medication management programs. Monitor Your Spending : Keep receipts and track your out-of-pocket costs. Review Annually : Plans change, so review your coverage every year during the enrollment period. Taking these steps ensures your Medicare drug coverage continues to meet your needs. Choosing the right Medicare Part D plans is vital to managing your healthcare expenses. By understanding the basics, evaluating your options carefully, and staying engaged with your coverage, you can make informed decisions that protect your health and your wallet.

Michael T. Braden August 25, 2025 Medicare Supplement DOES THE NAME OF THE MEDIGAP COMPANY MATTER This is a question we receive from our clients frequently every week. Most people are familiar with household names like Aetna, AARP, UnitedHealthcare, BCBS, Cigna, and Humana. Still, these companies make up only a small share of those that offer Medicare Supplement/Medigap plans nationwide. Braden Medicare Insurance Poster About Arizona Medicare Supplement Plans DOES THE NAME OF THE MEDIGAP COMPANY MATTER Medicare Supplement Insurance Carriers do not have the same clout that you are used to with all of your Health Insurance plans in the past, before enrolling in Medicare. FOR EXAMPLE: All bills from all providers are sent to Medicare. Medicare, and only Medicare, decides which bills will be paid. Every Medigap/Medicare Supplement Carrier must pay their percentage once Medicare Pays. In fact, Medicare sends a note to each Medicare Supplement Carrier how much they owe, and then they send the payment to the provider. If a Medicare Supplement Carrier goes out of business or stops offering Medicare Supplement/Medigap plans, CMS (Medicare) steps in and provides each policyholder with a 6-Month Guaranteed Issue Rights Special Enrollment Period to enroll in any plan without answering health questions. If you find a great rate with a Medigap carrier you haven't heard of, you can still trust them, because Medigap plans are standardized and must offer the same coverage across all 50 States. You can use the company's financial ratings (such as A.M. Best, Moody's, and Standard & Poor's) to assess its economic strength and compare it with other carriers. It is essential to verify if you qualify for any available discounts. Your Broker can help you with that. Watch out for some companies like AARP and CIGNA that offer competitive initial rates, but their discounts drop 1-2% a year, so at the end of nine years, you are no longer getting a monthly premium discount. This is another reason why it just makes good common sense to work with a local Independent Medicare Broker in your area. Compare the length of time each company has been offering plans in your state. In 1990, Medicare standardized all Medigap plans. This means the Summary of Benefits is the same across all Plan G, Plan N, Plan F, and similar plans in each state. The only difference could be the rates and discounts each company offers in each state where it operates. It is up to them to decide whether they provide any additional benefits, such as Fitness Club Memberships. Most Medicare Supplement plans do not include a complimentary health club membership. Many offer options to join a club for an additional monthly fee of approximately $35. QUITE OFTEN YOU WILL GET DEEPER DISCOUNTS AND LOWER PREMIUMS WITH OTHER LESSER-KNOWN COMPANIES Think about it – if you are a big company like CIGNA or Humana and you run a lot of television ads to market your products, someone has to pay for that. Costs are generally passed on to policyholders through insurance premiums. Smaller brands have lower recognition but likely spend far less on advertising. This means you can often secure competitive rates on a policy from a lesser-known insurance company. MEDICARE HAS THE FINAL WORD ON WHAT BILLS ARE PAID. YOUR SUPPLEMENTAL CARRIER HAS NO PART IN THE DECISION-MAKING PROCESS. If Medicare covers 80% of a claim, your Medigap company MUST pay the remaining 20%. They can’t decline to cover these expenses, so we rarely run into slow-pay issues with Medicare insurance companies. They pay their bills as soon as Medicare pays its share, and they receive the remainder. You need not worry that just because you haven’t heard of a company, they aren’t reliable. That said, I am always shocked and amused that many intelligent people will pay $300 more per year for a name-brand company. If your friend has a Medicare supplement that pays well and on time, that’s generally not because the insurance company is excellent. It’s due to the simple fact that Medicare claims are passed on for payment to your Medigap company like clockwork. Paying on time is an industry expectation.  If you have an opportunity to save on premiums by choosing one of these off-brand insurance companies, give it a try. There is little risk involved as long as the company has decent ratings. Here at Braden Medicare, we happily offer quotes from over 40 of the best and highest-rated companies in America. WRAPPING THINGS UP Please keep an open mind when evaluating quotes from each carrier. There are well-known insurance companies and those that are less well-known; however, all Medigap plans are standardized, and carriers must offer the same coverage. To compare insurance carriers, consider their financial rating to assess their reliability. Work with an Independent Medicare Broker in your area to ensure you are maximizing your discounts. Since Medicare determines what will be approved, you shouldn’t have any issues with your Medigap carrier.

Michael T. Braden August 26, 2025 MEDICARE SUPPLEMENTS WHAT IS THE BEST MEDICARE SUPPLEMENT PLAN FOR YOU Choosing the right Medicare Supplement plan is a crucial decision, especially for those new to Medicare, who face 10 different plans. This can understandably lead to many questions and doubts. After reading this article, we hope you will feel more confident about the enrollment process and trust that the plan you choose is the best fit for your needs and budget—meaning it is the right plan for you. Braden Medicare 2025 Medicare Supplement Side-by-Side Comparison Chart The right Medicare Supplement plan provides you with access to all of your doctors and fills in the gaps left over from Original Medicare. You can rest easy knowing that any doctor/provider who accepts Medicare is obligated to accept your Medicare Supplement Insurance, regardless of what company you choose to partner with. If you are married, most couples find comfort and confidence in having the same plan, even if it is not with the same career. The best thing and oftentimes the hardest thing to do is to look into the future and determine what you want to have in your Health Plan 10-20 years from now. A lot of things can happen, and sometimes life can deal you a setback that makes it impossible to change plans down the road. It has always been our practice to consider your risk tolerance and monthly cost to determine which plan is best for you from the outset. Remember, once you have a Medigap/Medicare Supplement policy, you own that policy. No one can take it away from you unless you have been more than 90 days past due on your premium. For example, if you choose a Plan N and later want to switch to a Plan G, you can do so any day of the year; however, you will be subject to underwriting and health questions. Before you get nervous, about 80% of all Underwriting cases are approved, but there is a chance that you could be turned down in the future, so choose wisely in the beginning. The best Medicare Supplement plan is the one that gives you access to your chosen providers and covers the gaps in Medicare that you are most concerned about paying for. It also offers a competitive monthly premium compared to other plans in your area. Often, when someone is new to Medicare, they feel overwhelmed by the many choices. In this post, we’ll walk you through a series of simple questions you can ask yourself that will help lead you to the best Medicare supplement plan for you. In this article, we’ll focus on Medicare supplement plans, also known as Medigap plans. If you are unsure of the disparities between the different types of Medicare plans, read about the differences between Medicare supplements and Medicare Advantage plans , and return to this page afterwards. WILL YOUR DOCTOR ACCEPT YOUR PLAN? As long as your doctor accepts Original Medicare , they will take any Medicare supplement plan . It doesn’t matter if that is a Medico Medicare supplement or a Humana Medicare Supplement. The chances that your doctor accepts Original Medicare are very good. HAVE A QUESTION, OR WANT TO VERIFY IF ANY DOCTOR/PROVIDER ACCEPTS MEDICARE? Call the Doctor or provider you want to see, whether you are looking for a new provider or if you have seen them before, you were enrolled in Medicare, and ask them if they " Accept Medicare ", 93.7% of the time you will hear a yes. The leading providers who do not accept Medicare's Assignment (Assignment refers to Medicare's fee schedule)are Psychiatrists, Psychologists, Naturopathic Doctors, Homeopathic Doctors, and Pediatricians. WHAT ARE THE BEST COMPANIES TO PARTNER WITH? Often, our clients ask us who offers the best Medicare supplement plans based on financial ratings or customer service. This will vary by state, as not all carriers do business in every state. Some of the carriers that offer popular Medicare supplement plans are: Medico Mutual of Omaha Humana BCBS Manhattan Life CHUBB Insurance Aetna AARP Med Mutual Protect IS ONE COMPANY BETTER THAN THE OTHER? We give all Medicare supplements an A+ for claims payment. Before enrolling in Medicare , customer service played a significant role in your decision-making. Still, since Medicare is the primary payer, you will likely have little to no interaction with your Medigap carrier. This is because Medicare determines which charges are legitimate and what is covered. Then, Medicare pays the 80% it owes to your doctor/provider. Then they notify your Medicare Supplement company to pay their 20% share, after verifying that your Annual Part B deductible has been met for the current Calendar Year. Your Medicare Broker/Agent will always be more helpful than a nameless, faceless customer service representative at your insurance carrier. We work with all the top Medicare supplement plans in every market. We can help you determine which option makes the most sense based on the data and financial information we have on all carriers. WHAT IS YOUR TOLERANCE TO RISK We work with clients of all shapes and sizes. Many have had to assist their aging parents and have often seen the high cost of healthcare up close and personal. Ed, one of our clients, relayed his experience and costs when his wife was diagnosed with Breast Cancer. Even with his Employer Group Health Insurance, the amount of money they paid for the Chemotherapy and Radiation treatments alone would choke a horse. For Ed, when he and Alice (his wife of 38 years) became eligible for Medicare, their primary concern was ensuring they were covered so they never had to worry about the bills. What is the best option for us? It turns out that Original Medicare and a Medigap Plan G were right for both of them. The definition of Insurance is that Insurance is a cost you pay to have someone else assume the risk and payment for you if anything bad happens. Premiums are your commitment to eliminate the chance of catastrophic loss. We have found that when a couple is married, each partner typically wants the best possible plan and coverage for their spouse and is often willing to accept a less comprehensive policy for themselves. However, we have always believed that when couples share the same plan type, it is much easier for them to understand and manage it, especially when they are caring for one another. Ask yourself how much risk tolerance you have, and that should lead you to one choice or the other. This is how we identify the best Medicare supplement plans for our clients. WHICH IS THE BEST PLAN FOR YOUR BUDGET? Living on a fixed income is more complicated than most people think. You are still subject to inflation, like everyone else, but the income you receive from Social Security and your investments must last for the rest of your life. Sometimes this single factor will decide for you. For a person turning 65 and living in Arizona, the monthly cost of a Medicare Supplement Plan G can range from around $145. This amount varies depending on factors such as zip code, gender, age, household discounts, and other considerations. Still, we will use this amount as an example. If your budget includes $1,800 per year for medical insurance, then a Medicare Supplement Plan G provides excellent coverage. If spending $1800/year leaves you with very little for life’s other expenses, you might be more comfortable with Plan N, or even a High-Deductible Plan G. Remember, you can ask your local, Independent Medicare Broker for help with any of these questions. They will do all the heavy lifting for you, but ethically, they should never make decisions on your behalf. And, if you ever feel a broker is getting too pushy, stop working with them. Pick up the phone, call 2-4 local brokers, and conduct interviews with them. You will find one that meets your needs and aligns with your values. Braden Medicare 2025 Medicare Monthly Cost Breakdown Worksheet GET THE BEST MEDICARE SUPPLEMENT PLAN FOR YOU, NOT THE BEST PLAN FOR YOUR NEIGHBOR Too often, people take and accept advice from anyone, including their neighbor, a coworker, someone on Facebook, or Nextdoor, among others. There is nothing wrong with advice, but you have the final say on what you will act on. Everyone is different, with their own unique priorities and goals. There is no one-size-fits-all solution for health insurance. Your first homework assignment is to examine both Medicare Advantage plans and Medicare Supplement plans and compare their features. Your broker will be happy to explain how you can do that and walk you through the process. Once you have determined whether you are TEAM Medicare or TEAM MEDICARE ADVANTAGE, you can start learning more about all of the plans available in your area. Medicare Supplements are available statewide where you live, but Medicare Advantage plans are typically located only in the county where you live. . Lastly, at some point, you may need a Family Member to assist you and oversee your care. This is typically a Son, Daughter, Niece, or Nephew. We encourage you to invite them into the process of choosing the right Medicare Plan for you. It makes them feel like an even bigger part of your lives, and they will always have your best interests at heart, ensuring you receive the best possible care. WRAPPING THINGS UP All providers that accept Medicare must accept your Medigap plan. Consider the carrier rating, monthly premium, and risk tolerance to determine the best Supplement plan for your needs. Monthly premiums will increase, not necessarily every year, but whenever your partner (the carrier) decides to implement a change, it is usually a cost-of-living adjustment. Increases are never based on your individual claims or history. By law, if your insurance partner thinks they need to increase their Plan G premiums, they are obligated to increase the premiums by the same percentage for every Plan G policyholder in your state. Braden Medicare Insurance Business Card For Michael Braden If you have any questions or need someone to bounce a few ideas off, please feel free to give us a call. We are always willing to help our friends and neighbors. And remember, we have never charged anyone a penny over the last 10 years for our help, services, or knowledge and expertise.

Michael T. Braden August 3rd, 2024 MEDICARE NEWS WHAT IS MEDICARE “EASY-PAY” AND WHY YOU SHOULD USE IT?   Medicare Easy Pay is an excellent tool that every Medicare Beneficiary should use. MEDICARE'S EASY BUTTON   If you signed up for Medicare but are not yet receiving Social Security Income, Medicare will bill you for your Medicare premium. If you are eligible for premium-free Medicare Part A, you will be billed quarterly. However, for many Americans, quarterly billing is not ideal.  Most people we work with prefer automatic monthly billing, so it is one less thing for them to worry about. In this article, we’ll review how to sign up for Medicare Easy Pay for safe automatic monthly Medicare premium payments.   Once you start receiving Social Security benefits or Railroad Retirement benefits, Medicare premiums will be automatically deducted from those payments. But until then, you may be better off paying Medicare online by using Medicare’s automatically deducted monthly payment system called Easy Pay, than hoping not to miss a Medicare bill in the mail. If you did not work enough quarters to qualify for Premium Free Medicare Part A, or if you are a High Wage Earner who has been assessed with an IRMAA surcharge, you will be billed for these each month.  Everyone else will receive their Part B Premium invoices quarterly. Your first bill may include additional months to “round up” to a calendar quarter. Either way, there is an easier way to make Medicare payments. Medicare Easy Pay automatically deducts your Medicare payments from your bank account. You can use either a checking account or a savings account. It’s safe, easy, and hassle-free. With this guide, we’ll explain all the features that come with signing up for Medicare Easy Pay as well as how easy it is to set up and manage a Medicare Easy Pay account. READER'S DIGEST SUMMARY How to understand Medicare Easy Pay for automatic deduction of Medicare premium payments from your choice of bank accounts (either a savings account or a checking account). Enroll and update information easily, switch banks, or cancel Easy Pay service as needed. Approved Medicare Payment Methods include mailing a check to Medicare, Online Bill Payments using your Banking Account Information, Medicare’s Easy-Pay program, and paying your bill online at www.medicare.gov . ALL ABOUT EASY PAY & MEDICARE Please take advantage of Medicare Easy Pay, a complimentary service that makes paying for your monthly CMS Medicare premiums effortless by directly deducting them from your bank account.    Pay Medicare premiums automatically. Never worry about missed payments or handling paper bills again. This helpful system handles all premium expenses on time, so you can rest assured that everything is taken care of. To qualify for Medicare Easy Pay , Medicare beneficiaries must be enrolled in both Medicare Part A  and Medicare Part B plans .   EASY PAY DEFINED The Social Security and Railroad Retirement Board's full retirement ages no longer match Medicare eligibility dates. As people start Medicare years before collecting retirement income, a gap arises between when Medicare monthly payments begin and when they can be automatically deducted from Social Security retirement benefits. This creates a window where Medicare premiums and payments are manually processed. Manually processed billing is costly and very inconvenient. Unfortunately, Medicare Easy Pay does not work with Railroad Retirement Board payments. You will need to mail those payments manually. For more details on RRB payments, call 877-772-5772. With Medicare Easy Pay, monthly Medicare premiums will be automatically deducted from a bank account designated as a savings or checking account. This ensures monthly premium payments are not missed, and coverage remains up to date without incurring late fees. Signing up with Medicare Easy Pay  couldn’t be simpler. You can start automatic payments by signing up online through our online submission process or by mailing in a paper application form. Please note that it may take approximately 8 weeks for automatic payments to begin coming out regularly. Please continue making manual payments until you get a notification of activation for your new Medicare Easy Pay account.     PAYMENTS USING THE MEDICARE EASY PAY SYSTEM Medicare Easy Pay automatic payments offer a convenient way to pay Medicare Part B premiums from a checking or savings account. Medicare Easy Pay does not apply to fees for private insurance products, such as Medicare Supplement Insurance or Medicare Advantage plans. Additionally, this service does not cover expenses for medications obtained under the Part D prescription drug coverage. An alternative form of payment is required to cover these costs. CAN YOU SET UP & MANAGE YOUR MEDICARE EASY-PAY You’re ready to sign up for Medicare Easy Pay. The process is straightforward. Please fill out and submit the Authorization Agreement form  for Preauthorized Payments  to your local Medicare Premium Collection Center. The official name of this form is CMS Form SF-5510.  You can easily download this online, and it is also available in our Virtual Filing Cabinet at www.bradenmedicare.com . The waiting time can be between six and eight weeks before it’s approved. Then you’ll have effortless access to manage automatic payments and update your account information, including changing banks or canceling service altogether. To ensure a smooth transition to Medicare Easy Pay, it is crucial to understand the steps required during enrollment, as well as how to modify data or terminate coverage . These details must not be overlooked when preparing with Medicare Easy Pay. THE EASY-PAY ENROLLMENT PROCESS The first step in registering for Medicare Easy Pay is to download and complete the SF-5510 Authorization Agreement form, then mail it off with any relevant documentation attached. Address your envelope to “Medicare Premium Collection Center” at P.O. Box 979098, St. Louis, Missouri 63197-9000. Meanwhile, continue making Medicare premium payments as usual until you receive confirmation that your enrollment has been accepted; a “This Is Not A Bill” statement from Medicare showing how much money was automatically deducted from your account every month.      HOW YOU CAN UPDATE YOUR INFORMATION It is essential to keep your Medicare Easy Pay details up to date. To change or update any banking info, you should deliver an Authorization Agreement for Preauthorized Payments document to the Medicare Premium Collection Center by U.S. postal mail. Alternatively, if it’s more convenient, visit your online Medicare account  and pick “ My Premiums “ . There, you’ll find “See or change my Medicare Easy Pay.” Submit the short form there as well. Please note that processing may take 6–8 weeks. CAN YOU EVER CANCEL YOUR EASY PAY ENROLLMENT? Suppose you wish to make a change to your bank account details or end the Medicare Easy Pay service. In that case, there are two options: call the Centers for Medicare & Medicaid Services (CMS) or use the Medicare Premium Collection Center. Accessing your personal Medicare record and navigating to ‘My premiums’ will allow you to make any necessary changes online. PAYMENT OPTIONS & PROTECTING YOUR ACCOUNT INFORMATION When it comes to paying Medicare premiums, you have several choices. There are no fees for using Medicare Easy Pay, and your information is kept secure by their robust security measures. Alternatively, if one-off payments or credit card transactions suit you better, that flexibility is also available. You can pay your Medicare premiums online through your Medicare account; however, please note that this service is only available for monthly premium payments, not medical bills. Overall, these payment systems provide peace of mind, enabling those enrolled in Medicare to manage their affairs with ease and confidence. HOW MUCH DOES EASY-PAY COST? Sign up for Medicare Easy Pay and gain access to a free, convenient payment service that automatically deducts your monthly premiums from either your checking or savings account. This saves you time and helps you avoid potential late fees or coverage gaps from manual payments.    If you choose to pay Medicare online with a credit card for one-off transactions, be aware of potential fees charged by banks and card issuers . Ensure you confirm these before selecting your preferred payment method.   IS MEDICARE’S EASY-PAY SAFE? Using Medicare Easy Pay through a savings account or checking account, you can be certain that your monthly payments are handled securely and quickly. This service is backed by the federal government’s robust security protocols, which protect personal and financial information associated with these transactions.   MAKING SENSE OF MEDICARE BILLS AND STATEMENTS It is essential to be familiar with your Medicare bills and statements to manage healthcare costs effectively. In this section, we will explain the different types of Medicare invoices and guide you on how to interpret them effectively each month. We’ll also cover steps for dealing with rejected payments that may occur. By being familiar with these documents, you can more easily identify issues or irregularities, enabling appropriate remediation. Medicare beneficiaries receive various types of bills, such as the Medicare Premium Bill (CMS-500), which outlines your premiums for Part A (if applicable), Part B, and Part D. The other two critical documents sent to individuals are the Explanation of Benefits (EOB), which details how Medicare processed a claim, and the Initial Enrollment Questionnaire, which provides information on Medicare coverage. They will also get a notification called Medicare Summary Notice (MSN). This notifies them of the services used and the payment details Medicare has made for those services .      DECIPHERING THE MEDICARE MONTHLY STATEMENT Every 3 months, Medicare Part A and B beneficiaries receive a Medicare Summary Notice (MSN), which itemizes payments made for covered services. Carefully reviewing this MSN can help you confirm that charges are accurate, enabling corrections if needed. Reviewing your monthly statements will also help you identify discrepancies between the MSN statement and your records, ensuring the correct coverage amounts have been paid. WHAT DO YOU DO ABOUT ANY REJECTED PAYMENTS? If your Medicare Easy Pay transaction is declined, it’s essential to resolve the issue promptly to avoid coverage disruption . Upon receiving notice of a failed payment attempt, you will receive correspondence from Medicare asking that an alternate form of payment be used. Staying proactive and informed about rejected payments ensures continued access to health services covered by Medicare, while also tracking any outstanding money owed for healthcare expenses. OTHER PAYMENT ALTERNATIVES FOR MEDICARE For those who prefer an alternative to Medicare Easy Pay for making premium payments, various options are available. These options include mailing a check or money order, paying online through your bank, or paying via the Medicare.gov website. All these payment methods should be carefully evaluated to determine which is best suited to one’s needs and preferences before selection . In this section, we will outline each alternative method in more detail, enabling individuals to make informed decisions about their premium payments. ONLINE USING A BANK ACCOUNT Using an online banking system for bill pay is a convenient way to ensure that Medicare premiums are paid in full and on time. Your bank will provide encryption , protecting your data at the same level of security you already enjoy with other online services you use.    It may also be simpler than ever, as it can seamlessly integrate with your existing financial management process without requiring any additional effort on your part . With a straightforward setup inside your bank account for recurring payments, those associated with Medicare won’t require manual processing anymore! PAYING THROUGH THE MEDICARE.GOV WEBSITE Payment of your Medicare bill is available through multiple options. You can access your Medicare account on the website to manage premium payments, view payment history, and ensure continuous coverage by logging into medicare.gov , selecting ‘My premiums’, then clicking ‘payment history’. With this option, you can send a check or money order in the mail as well as take advantage of online banking services for making quick payments directly from banks with ease, all giving you different ways of paying off that Medicare bill promptly while having complete visibility over its progress, along with previous transactions too! Selecting the type that best suits your needs will make it much easier to handle any future bills.       EASY PAY FAQS'   HOW DO YOU SET UP EASY PAY WITH MEDICARE? Setting up Medicare Easy Pay is straightforward. You can complete and submit the short online form at medicare.gov or print it and mail it in with your authorization. Once you have set up this account, managing your payments will be easy moving forward. IS EASY PAY SAFE AND SECURE? Medicare Easy. Pay has various safeguards in place, including encryption technology, to protect customers’ personal information. Medicare encourages users to regularly monitor their bank accounts and ensure that only the predetermined payment amounts are processed each month, so they can be confident their transactions are secure when using this service. WRAPPING THINGS UP By taking advantage of Medicare Easy Pay, you can take charge of your Medicare premium payments easily and effortlessly. With automatic deductions set up for the payment method that suits you best, this invaluable tool enables a secure way to ensure timely payments and keep your healthcare coverage up to date. All necessary resources are available; please familiarize yourself with them today. By putting control over these premiums in your hands, you'll free up time for other matters, such as actively managing your health and well-being.

Michael T. Braden August 29, 2025 Medicare Part B MEDICARE PART B EXCESS CHARGES EXPLAINED A significant trend we have observed over the past three years is the growing interest in Medigap Plan N as an alternative to Medigap Plan G, whose premiums have increased consistently during the same period. Part of these increases is due to the simple fact that Healthcare costs continue to rise; they never go down. This has been exacerbated by many insurance companies capitalizing on their own greed, as well as the fact that, over the last three years, everything has been blamed on inflation. Braden Medicare Poster "What Are Medicare Part B Excess Charges" WHAT ARE MEDICARE PART B EXCESS CHARGES Doctors and other healthcare providers may choose whether to participate in the Medicare program. Providers who participate with Medicare agree to charge you only the Medicare-approved amount for their services. In essence, they agree to accept the Medicare amount as payment in full for covered services. This is also referred to as “accepting Medicare assignment.” Medicare Part B Excess Charges are an additional amount you could be charged if a doctor does not accept Medicare Assignment. Medicare assignment occurs when a doctor does not accept the amount that Medicare will pay for a service. If you are responsible for Part B excess charges, a doctor can charge you 15% above what Medicare pays them. If you’ve been shopping for Medigap plans, you may have discovered that a couple of them (Plan G and Plan F) cover something called “ Part B Excess Charges.” If you’re not sure what excess charges are, you’re not alone. Fortunately, they’re a relatively rare occurrence for most Medicare beneficiaries. Nonetheless, it’s essential to understand how Part B excess charges work and how they might affect your out-of-pocket healthcare expenses. Here’s what you need to know. WHAT IS MEDICARE ASSIGNMENT When a provider accepts Medicare assignment rates, it means that the provider won’t bill you above the Medicare-allowable rate by a participating provider. Providers who don’t participate in Medicare can bill you up to 15% more than the Medicare allowable amount at their discretion. This additional amount is considered a Part B excess charge. You will have to pay it out-of-pocket unless you have a Medigap plan that includes benefits for Part B excess charges. Braden Medicare Insurance Poster About Avoiding Excess Charges There are other advantages to choosing a participating provider, aside from avoiding Part B excess charges, if you have Medicare: They agree to collect only your Part B deductible and/or coinsurance amount at the time of service. Most wait until Medicare has paid its share to bill you. Nonparticipating providers may collect payment in full up front. They must submit your claim to Medicare on your behalf and at no cost to you. Nonparticipating providers, on the other hand, may not bill Medicare, so you have to file a claim yourself to get reimbursed. HOW CAN MEDICARE PART B EXCESS CHARGES AFFECT YOU Suppose you see a nonparticipating dermatologist for the removal of a few suspicious moles. If the Medicare allowable charge for this procedure is $400, the dermatologist could bill you $460. Assuming you’ve met your Part B deductible already, your out-of-pocket costs for the procedure would be $140. This is your 20% coinsurance amount of $80 plus the 15% Part B excess charges of $60. With a participating provider, your out-of-pocket expenses would be just $80. Note that excess charges do not  go towards your Part B deductible. Statistics suggest that as many as 95% of primary care providers accept assignment. A slightly smaller number of specialist physicians also take it. Not all nonparticipating providers will add Part B excess charges if you don’t have a Medigap plan, so you may only rarely see Part B excess charges. That said, however, there is no limit on the number of times a nonparticipating doctor can add excess charges to your bill. So, if you regularly see a provider who doesn’t accept assignment, you could easily pay hundreds of dollars in excess charges each year. Also, if you see a doctor who accepts Medicare assignment, but Medicare doesn’t take the claim for the service billed, the doctor can charge you more than Medicare’s approved price. However, if an Advance Beneficiary Notice (ABN) isn’t signed, you may not be responsible for these charges. Note that ABNs are not required for services never covered by Medicare. WHAT IS THE BEST WAY TO AVOID GETTING HIT WITH MEDICARE PART B EXCESS CHARGES? The easiest way to avoid excess charges is to use physicians who accept Medicare assignment. You will never be billed more than Medicare allows for your healthcare services. It’s always a good idea to ask your doctor if they accept assignment before you make an appointment. Don’t forget to ask the same question of any Medicare provider, such as lab facilities and home health care companies. You can also find providers in your area that participate with Medicare using the Medicare.gov physician locator tool. Of course, you can also avoid paying excess charges out-of-pocket by buying a Medigap plan that pays them for you. Currently, both Plan F and Plan G include this benefit. SOME STATES HAVE MADE IT ILLEGAL TO CHARGE MEDICARE BENEFICIARIES FOR PART B EXCESS CHARGES Some states have taken matters into their own hands when it comes to protecting seniors against excess charges. The following states passed laws prohibiting healthcare providers from charging Medicare beneficiaries anything higher than the Medicare allowable rate: Connecticut (for QMB beneficiaries only) Minnesota Ohio Pennsylvania Rhode Island Vermont Massachusetts New York People in these states might also consider Medigap Plan N , which has similar benefits to Plan G . One big difference is that Plan N does not cover excess charges, so the premiums for Plan N are lower. If you live in a state that doesn’t allow excess charges, Plan N might appeal to you. Remember that when you are out of state, you must ask the assignment question of providers. This means that if you have Plan N and live in a state that does not allow excess charges, but you see a provider in another state that does, you would be responsible for paying the provider . WRAPPING THINGS UP Most Doctors (About 93.8%) accept Medicare Assignment. The biggest group of providers who do not accept Medicare's Fee Schedule or Medicare's Assignments are Psychologists, Psychiatrists, Pediatricians, Homeopathic doctors, and Naturopathic doctors. If a doctor does not accept Medicare Assignment, they can charge you 15% above what Medicare pays them. Part B excess charges are not standard but may apply in emergencies. Medigap Plan F and Plan G cover excess charges for you. Every Medicare Beneficiary should develop the habit of verifying that any new doctor, provider, or healthcare professional they are seeing or with whom they are making an appointment accepts Medicare. All it takes is a quick phone call to the provider's office; ask whether they accept Medicare, and if they say yes, you know you are covered and will have no surprise "Excess Charges" to worry about.

Michael T. Braden August 29, 2025 Medicare Supplements HOW TO SAVE MONEY ON YOUR MEDICARE SUPPLEMENT PLAN Yes, you can save money on your Medicare Supplement. In comparison, plan. When it comes to healthcare in retirement, every dollar counts. Medigap or Medicare Supplement policies are an excellent way for many to protect themselves from catastrophic loss if you or your spouse is ever dealt a bad hand. The good news is that there are several strategies you can use to reduce your costs without sacrificing the coverage you need. Below, we break down simple ways to save money on Medicare Supplement plans while still protecting your health and your wallet. Photo of a Compass with the Tagline of Medicare Supplement Guide..........................How To Really Compare Them. Braden Medicare Insurance How To Compare Medicare Supplements Guide Poster IT IS IMPORTANT TO UNDERSTAND HOW YOUR PREFERRED MEDIGAP PLAN WORKS SO YOU CAN BETTER UNDERSTAND IT AND COMPREHEND WHAT YOU ARE PAYING FOR Before you can save money, it’s essential to understand precisely what expenses Medicare Supplement plans cover and how they work. These plans help cover costs not covered by Medicare Part A and Part B, such as deductibles, coinsurance, and copayments. Your premium is based on several factors, including the plan letter you choose, your age, location, your tobacco use status, the insurance company offering the coverage, and more. Some plans may include extra benefits, while others focus strictly on core coverage. By knowing what you’re paying for, you can avoid buying more insurance than you truly need. This step is essential if you’re comparing options like Medicare Supplement Plan F, Plan G, and Plan N . While all three provide strong coverage, their cost differences can be significant. If you rarely visit the doctor, Plan N may make sense, while frequent healthcare users may save more with Plan G. ALWAYS COMPARE RATES FROM MULTIPLE MEDIGAP COMPANIES One of the biggest mistakes Medicare beneficiaries make is assuming all Medigap plans cost the same. While benefits are standardized, monthly premiums vary wide ly by insurance company. For example, two carriers may offer identical Plan G policies, but one could cost $40–$60 more per month. Over the course of a year, that adds up to hundreds of dollars in unnecessary spending. By comparing quotes from multiple companies, you can ensure you’re not overpaying. Working with a knowledgeable insurance agent lets you compare multiple carriers at once, saving time and money while giving you peace of mind that you've found the best deal. MAKE SURE YOU ARE ENROLLING AT THE RIGHT TIME. IF YOU SNOOZE, YOU MAY LOSE Timing plays a significant role in determining your coverage cost. Your initial enrollment period for Medicare Supplement insurance begins when you are both 65 and enrolled in Medicare Part B. During this six-month window, you can enroll in any Medigap plan without answering health questions or undergoing medical underwriting. However, some carriers allow you to enroll up to six months before your Part B enrollment date to lock in even more cost savings. If you miss this period, carriers can require underwriting, and pre-existing conditions may increase your premiums or even prevent you from enrolling. To save money long term, take advantage of your guaranteed issue rights  by applying during this period. Even if you’ve already passed your initial enrollment period, there may still be times when you qualify for guaranteed issue protections. For example, if you lose employer coverage or your Medicare Advantage plan leaves your service area, you may have another chance to enroll without health questions. IT MAKES SENSE TO COMPARE DIFFERENT PLANS, SO YOU UNDERSTAND ALL OF YOUR MEDICARE SUPPLEMENT OPTIONS Not all Medigap plans are created equal. Some, such as Medigap Plans F, G, and N, are the most popular because they balance affordability and coverage. Plan F:  Covers all out-of-pocket costs, but is only available if you were eligible for Medicare before January 1, 2020. Plan G:  Often considered the best value, it covers everything except the Part B deductible. Plan N:  Typically has lower premiums than Plan G, but includes copayments for certain services. HDG (High Deductible Plan G) is a popular option for some individuals. You pay a higher deductible before your Supplement coverage kicks in, but in years with few or no claims, you may come out ahead in the long run. When choosing a plan, consider your current health, how often you see a doctor, and the level of financial protection you’re comfortable with. Choosing the right plan upfront can prevent unnecessary switching later. UNDERSTAND WHAT DISCOUNTS YOU QUALIFY FOR Many carriers offer household discounts if you and your spouse or another Medicare-eligible household member enroll in plans with the same company. These discounts can range anywhere from 5% to 20% off your monthly premium. But beware : some of the most popular plans start with an 11% Discount, but they use a declining deductible, so after 9 years, you receive no discount at all. Even if your spouse doesn’t need as much coverage, you may still benefit from the familiarity and confidence that you both have the same plan, which usually benefits you by applying through the same carrier. Over time, these discounts can add up to hundreds of dollars in annual savings. This money can be redirected to prescriptions, dental care, or other retirement expenses. SHOP AND SWITCH WISELY AND COMPARE PLANS EVERY 2-3 YEARS Just because you have a plan now doesn’t mean you’re locked in forever. Rates can increase over time, and what was once a good deal may no longer be the most affordable option. Shopping around every two to three years ensures you’re still getting the best price for the coverage you need. However, switching is not always straightforward. Outside of your initial enrollment, you may be subject to medical underwriting. This is why it’s essential to evaluate your health and options before making a change. Remember that keeping your base premium as low as possible is the key to saving money over time. WHY WORKING WITH AN INDEPENDENT, LICENSED MEDICARE BROKER MAKES THE MOST SENSE One of the simplest ways to save money on Medicare Supplement insurance is to work with an independent broker. Unlike agents who represent a single company, independent brokers represent multiple carriers. This means they can provide unbiased comparisons, help you find discounts, and guide you toward the best plan for your needs and budget. Here at Braden Medicare Insurance Services, our licensed agents specialize in helping seniors navigate the complex world of Medicare, so you don’t have to do it alone. We shop the market for you, explain your options clearly, and make sure you feel confident in your decision. WHAT TO LOOK FOR WHEN COMPARING CARRIERS Instead, focus on overall value. Look at what each plan covers, how it fits your health needs, and the company’s reputation for customer service. A slightly higher premium may save you money in the long run if it means fewer unexpected costs. Remember, healthcare is an investment in your future. Choosing a plan with reliable benefits, financial stability, and a trusted carrier can help protect your health and your finances for years to come. WRAPPING THINGS UP Saving money on a Medicare Supplement plan is all about being informed, comparing options, and making informed choices. Whether it’s enrol ling at the right time, taking advantage of household discounts, or working with an independent broker, you have options to keep your healthcare costs under control. Essential. If you have questions and are unsure what to do or whom to contact, please feel free to text, email, or call Braden Medicare Insurance Services anytime. We are committed to serving our clients with expertise.