Blog: Medicare Costs

To help you decide if Medicare Supplements are worth it, we decided to come up with an example of an all-too-common scenario: a heart attack.

The Medicare deductible is based on each calendar year, meaning that it lasts from January 1-December 31, and then it resets for the new year. There is a way to avoid paying Medicare deductibles, which is to have a Medicare Supplement – also called a Medigap plan.

Medicare does pay for different kinds of durable medical equipment (DME) in different ways. For example, you may need to rent the lift chair, you may need to buy it, or you may be able to choose whether you rent or buy it.

Medicare covers about 80% of medically-necessary cancer costs. Only 38% of costs associated with having cancer are considered medically-necessary. What gives?

You probably already know that Medicare doesn’t cover everything. Even with a Medicare Supplement Plan F – the most comprehensive coverage out there – there are still costly medical expenses you’re on the hook for.