Costs associated with Medicare Advantage Plans

Medicare Advantage plans are a kind of health insurance which is different than Original Medicare. Medicare Advantage Plans are offered by the private insurance companies which are monitored by the federal government but differently than Original Medicare. This policy is also known as Part C health insurance. The best Medicare Advantage Plans contain the Original Medicare (Part A (hospitalization coverage) and Part B (doctor visits)), and due to this the Medicare Advantage Plans always contain the Part B premium. However, the costs of different plans differ from each other due to the services they offer.


Costs associated with Medicare Advantage Plans are made up of the monthly premium and just like we have discussed above that it does not matter which plan you choose, you will still have to pay the Part B premium. Many people fall in trap which is laid by private insurers in form of low premiums associated with a plan because a plan which contains low premiums may still be more expensive than others due to its copay.


Generally, copay is an amount which is fixed for everyone for example; everyone has to pay $40 for a particular healthcare service. There are some Medicare Advantage plans which offer copay amounts as low as $0 for certain services such as visit to a primary care doctor similarly some schemes may charge you copay for that. You can find many plans which also charge copay for visits to a specialist. In case you are an enrollee of a Preferred Provider Organization plan then you may have to pay up higher copays for out-of-network doctor visits. Some of them charge $0 for preventative services like hearing, dental, and vision services. However, same plans may charge you copay for services like:

  • Admission to emergency rooms.
  • Availing ambulance services.
  • Outpatient surgery.
  • Hospitalization.
  • Trained nursing services.
  • And Outpatient rehabilitation services.


There are some plans which contain deductibles, and some do not. Deductible is a fee which you will have to pay-out-pocket for covering your own health care services before your plan starts coverage.


After analyzing information mentioned above, one can see that health insurance Advantage schemes have different types and he or she can choose that one type which can provide him or her coverage for things that he or she wants. Moreover, health insurance Advantage schemes are considered to be more cost-effective than Original health insurance.

Save more in 2018 for Retirement and Get Extra Tax Breaks

The initiation of 2018 is a wonderful time to begin saving for your future, for the after retirement period. Putting money away in the name of retirement savings reduces the obligations of tax and helps in saving more in the retirement accounts. There are various perks to qualify on putting extra retirement money aside. You can get benefited of these incentives and save this year for retirement.


Many companies will offer the amount you save as matching in 401(k) plan.  Generally it is 50 cents of each dollar contributed, while some employers pay dollar for dollar and match your 401(k) plan, that you can quickly double the savings for retirement. In case your employer provides the plan 401(k) you may contribute less to get the match from the employer. However, pay attention to the vesting schedule of your company and make decisions about career change.

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You may postpone the income tax payment for the deposit amount money in a traditional 401 (k). Generally, the contributions are done prior to tax and so tax withheld is less from the paycheck. Therefore, people make contributions to IRA just before tax filing. You can plug in your software of tax planning an IRA contribution or also ask a tax professional to see the amount your tax bill may get reduced by IRA last minute contribution. For example, an employee puts $1000 in IRA is in the tax bracket of 25 percent and so he can reduce his $250 current tax bill. The income tax is not due until you withdraw from the account.

Another thing to consider is Medicare Advantage plans 2019.  To learn more and to get a quote visit

Maxing out in 2017 401 (k) means you should bear in mind to reset the contributions higher for 2018 as the limit of contribution has increased by $500 to $18500. However, if you are unable to max your account, even promoting the rate of your saving is enough to get a deduction of bigger tax. The benefit is you are able to increase your saving prior to the lifestyle that is adjusted to new salary. In this way, you will not miss the money and can enjoy saving plans.

Workers at age 50 and older can make catch-up 401(k) contributions in 2018 up to $6,000, and the maximum contribution possible with 401(k) is $24,500. In fact, older workers also in 2018 contribute excess $1,000 to IRAs. The catch-up contributions give a chance to save in excess to the employees approaching retirement age for retirement and to qualify for extra tax breaks.

7 Tips to Improve your Lifestyle as a Senior

Nowadays, the average life expectancy for Americans is 78.6 years and according to the Centers for Disease Control and Prevention (CDC), once you turn 65, you are expected to live at least 19.3 years more. So if you want to live those years happy and healthy, there are some things you should start doing. It may be difficult at first if you never had these kinds of habits, but we hope that this list of 7 tips to improve your lifestyle as a senior can help you to start making changes!

  1. Eat healthy
  •      Your nutrition is very important as a senior and having a balanced diet can help you if you want to prevent certain diseases, like diabetes or cardiovascular disease.

Drinking enough water, avoiding trans fats and eating the right amount of protein, vegetables and fruits can make wonders to your health. Taking the supplements that your doctor tells you, like calcium or vitamins, will also help in the duty of consuming all the nutrients your body needs.

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  1. Stay active

Having a sedentary lifestyle is very common among the seniors, because they feel they don’t have the same amount of energy as before and they have to be more careful with their bodies. However, this should not be a reason to stop moving.

You don’t have to go 4 hours to the gym every day, but going out and walking for a while in the mornings or doing a sport you like a couple times a week will make the difference. Exercising will help you with controlling your weight, sleeping well and feeling better.

  1. Try new activities

Some people say that you can’t teach an old dog new tricks, but that is absolutely false! If you are not working anymore or you feel a little bit lonely sometimes, trying a new activity can be the best choice for you!

Whether is learning a new language, doing a cooking course or taking dance classes, trying a new activity will help you socialize, make new friends and occupy your time with something productive and fun.

  1. Prevention is the key

This one is a very important tip to improve your lifestyle as a senior. Taking care of your health is extremely important and doing regular checkups is a good way to do it. You can prevent diseases or detect them early by doing this.  Visit to get a quote for Medicare supplement plans for 2019.  Having adequate insurance coverage while traveling is important.

Don’t forget to visit your dentist every six months and go to the ophthalmologist annually, especially if you wear glasses and/or drive. Do your screenings and checkups, like mammography or being checked for prostate cancer, cholesterol levels or heart problems. Also, stay up-to-date with any vaccine you may need.

  1. Train your brain

Experts not only recommend keeping your body active, but your brain too. Doing crosswords, puzzles, solving a Sudoku or reading can help with the prevention of brain diseases like Alzheimer’s.

  1. Stop smoking

Another helpful tip to improve your lifestyle as a senior, is quitting smoking.  This can help your health in many ways as you will reduce the risk of developing certain diseases like cancer, lung disease and cardiovascular disease. You will also have a better blood circulation, avoid respiratory problems and the sense of smell and taste will be intensified.

If you have been smoking for a long time, the task of quitting smoking can be difficult at first, but if you surround yourself with support, have distractions, ask your doctor for advice and think about the benefits, your body and your pocket will thank you in the future!

  1. Take care of your skin

With time, our skin tends to become thinner, drier, less elastic and less pigmented. This makes it more susceptible to ultraviolet rays, so it is important to protect it by using moisturizers, sunscreen and hats or umbrellas while being for long periods under the sun.