Original Medicare's uncapped 20% coinsurance can leave a retiree owing $40,000 on a $200,000 cancer treatment with no annual ceiling to stop it.
Medigap Plan G converts that unlimited liability into roughly $2,640 a year, capping all exposure after a single $283 deductible.
Choosing Medicare Advantage at 65 is effectively permanent. Once the six-month guaranteed-issue window closes, insurers can deny Medigap coverage based on pre-existing conditions.
A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here.
A 67-year-old retiree on Original Medicare gets a stage III colon cancer diagnosis in March. Surgery, chemotherapy, imaging, and specialist visits generate roughly $200,000 in Medicare-approved Part B charges over nine months. After the deductible, Medicare generally pays 80% of covered Part B costs and the beneficiary is responsible for the remaining 20%. Without supplemental coverage, that share could approach $40,000.
Medigap Plan G converts that unlimited liability into roughly $2,640 a year, capping all exposure after a single $283 deductible.
Choosing Medicare Advantage at 65 is effectively permanent. Once the six-month guaranteed-issue window closes, insurers can deny Medigap coverage based on pre-existing conditions.
A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here.
A 67-year-old retiree on Original Medicare gets a stage III colon cancer diagnosis in March. Surgery, chemotherapy, imaging, and specialist visits generate roughly $200,000 in Medicare-approved Part B charges over nine months. After the deductible, Medicare generally pays 80% of covered Part B costs and the beneficiary is responsible for the remaining 20%. Without supplemental coverage, that share could approach $40,000.
4 months ago
