Medicare Supplement Plans, or Medigap plans, are private health insurance plans that fill in the coverage gaps with your Original Medicare plan. Accordingly, these plans assist in paying your out-of-pocket expenses such as copayments and deductibles. Also, until you...
Medicare Supplement Insurance is private insurance to assist you in paying out-of-pocket expenses not covered by Original Medicare. In order to purchase a Medigap policy you must be covered under both Original Medicare Part A and Part B. Part A is your Hospital...
When are you eligible for Medicare? Medicare eligibility requires that you are a permanent legal U.S. resident, as a green card holder or U.S. citizen, who for at least five years has lived in the U.S., and meet at least one of the three following conditions: Age 65...
Universal life (UL) insurance is a permanent life insurance, similar to whole life insurance in that way. If you pass away your beneficiaries will receive the payout. Moreover, it builds cash value that you can borrow against. Your premium payment is comprised of...
The very names of these two types of insurance pretty much defines the primary difference in the two products. The difference between whole life and term insurance is whole life insurance is something that you purchase for coverage your entire, whole, life. Term life...
