Jester Insights

2020 Retiree Healthcare Costs

With 2020 comes some changes within Medicare and unfortunately with these changes the out-of-pocket expected costs for a couple retiring today have increased significantly. For a couple, both 65 years old today, projecting to live until age 87 for the female and 85 for the male the expected cost to insure themselves through Medicare will […]

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Medicare Supplemental Coverage (Medigap Plans) 2020 premium information

With the new year, 2020, some changes came with Medicare and for those who opted for Supplemental Coverage, or Medigap Plans, the biggest one was the fact that new retirees could not purchase a Plan F policy when enrolling into the program. The significance is due to the fact that though a Medigap Plan F […]

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What are Supplemental Plans?

What are Supplemental Plans?  Supplemental Plans, commonly referred to as “Medigap” Coverage are health insurance policies that work in-conjunction with Original Medicare. They are administered by Private Insurance Companies and are regulated by the Centers for Medicare/Medicaid Services (CMS). Medigap Plans are broken into 11 different types of plans, A thru N that each cover […]

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What is Medicare Part B

What is Medicare Part B?  Medical Insurance that helps pay for physician services, medical supplies, and other outpatient services that are not covered by Medicare Part A. What does Part B cover?  Doctors’ services Outpatient hospital care Laboratory tests Outpatient physical therapy Certain home health care, ambulance services, medical equipment and supplies Other services that […]

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What is Medicare Part A

Medicare Part A: What is it: Part A or known as “Hospital Insurance” is the driving component of Original Medicare (Part A and Part B). Is health insurance provided by the federal government to U.S. citizens and legal immigrants who have permanently resided in the U.S. for at least 5 years. What does it cover: […]

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2020 Medicare Premiums and Costs

The Centers for Medicare and Medicaid Services (CMS) released the 2020 Medicare premiums and costs that impact retirees for 2020. Unfortunately, the news doesn’t seem to bring a lot to be merry about for the upcoming year. Here is a breakdown of what retirees on Medicare should expect in upcoming costs for 2020: Part A […]

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2020 Medicare Part D premiums – good news they are trending lower

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2020 looks to be another good year for Medicare beneficiaries in terms of prescription drug coverage (Part D) as premiums nationally have decreased yet again for the second straight year. In 2020 the national average premium, according to the Centers of Medicare/Medicaid Services (CMS) is projected to be about $40.61 a month for those who […]

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Guess what? The government thinks you are rich

Good news! The government thinks you are rich and they are about to tax you accordingly. Bad news! Your financial advisor doesn’t see the problem they created and you don’t feel rich. Where the disconnect happens is once you are retired, you will enroll in Medicare and begin taking Social Security. Within Medicare there is […]

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Is Medicare for All the right solution?

With Congress killing any chance for healthcare reform within the United States for now there seems to be a push for a single payer system to be the solution and within that solution there is a cry of Medicare for All to solve the nation’s healthcare issues. On the surface, this may appear to be a […]

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