The “Sunk Cost” Trap
“I’ve put this much into it, so I’ve got to hold on to it until it pays off” is the Sunk Cost Trap. A Medicare supplement was once the only option for protection against the holes that Original Medicare leaves behind if beneficiaries have just Original Medicare and no...
MYTHS about Medicare Advantage Plans
There is a lot of confusion regarding Medicare Advantage plans. We have heard many myths and cleared up many misunderstandings for our clients. We hear things like: “You do not have coverage if you travel” “you get what you pay for,” “it’s too good too be true” and we...
How Medicare Part B Giveback Plans Work
How do giveback plans work? The insurance company reimburses a portion of your Part B premium, so they’ll take less out of your check every month. Part B Givebacks are coordinated through your Social Security and Medicare Part B premium payments. Part B giveback plans...