by admin | Sep 15, 2025 | Insurance News, Medicare
Yes, you can deduct Medigap premiums as medical expenses on your tax return, but only if you itemize deductions and your total medical expenses exceed 7.5% of your adjusted gross income (AGI). Here’s a quick breakdown: Standard Deduction vs. Itemizing: Itemizing...
by admin | Jul 2, 2025 | Medicare
If you’re facing unexpected Medicare surcharges in 2025 due to IRMAA, you might be paying more than necessary. IRMAA is an extra fee on Medicare premiums for higher-income individuals, based on tax returns from two years prior (2023 for 2025). The good news? You can...
by admin | May 12, 2025 | Insurance News, Medicare
Medicare has specific enrollment periods for signing up or changing your coverage. Missing the right window can lead to penalties or delays in coverage. Here’s a quick breakdown of the key Medicare enrollment periods: General Enrollment Period (GEP): For those...
by admin | May 3, 2025 | Medicare
Want to save on Medicare premiums in retirement? Your income plays a big role in determining how much you’ll pay for Medicare Part B and Part D. If your Modified Adjusted Gross Income (MAGI) exceeds certain thresholds, you’ll face IRMAA surcharges – extra costs...
by admin | Apr 7, 2025 | Medicare
Medicare Advantage plans combine medical, prescription, dental, and vision coverage, but they come with risks you should know: Network Restrictions: Limited to specific doctors and hospitals; may disrupt care if providers leave the network. Higher Costs: Out-of-pocket...
by admin | Feb 3, 2025 | Insurance News, Medicare
Medicare Supplement (Medigap) plans help cover costs not fully paid by Original Medicare, like copayments, coinsurance, and deductibles. Here’s a quick breakdown of five popular plans: Plan F: Comprehensive coverage, but only available to those eligible before 2020....
