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How to Avoid the HSA Tax Trap: An Introduction to the Deathbed Drawdown Strategy

How to Avoid the HSA Tax Trap: An Introduction to the Deathbed Drawdown Strategy

by Tom Lockwood | May 16, 2024 | Medicare Part B, Medicare Part D, Prescription Drugs

Health Savings Accounts (HSAs) are a popular tool for managing healthcare expenses due to their triple tax benefits: contributions are tax-deductible, earnings grow tax-deferred, and withdrawals for qualified medical expenses also tax-free. However, the advantages of...
Medicare MSAs or the Medi-Share 65+  Healthsharing Plan – Which is Better for Medicare Beneficiaries?

Medicare MSAs or the Medi-Share 65+ Healthsharing Plan – Which is Better for Medicare Beneficiaries?

by Tom Lockwood | May 5, 2023 | Medicare, Medicare Advantage Plans

Of all the solutions available for Medicare beneficiaries, these two –  Medicare Savings Accounts (MSAs) and the Medi-Share 65+ healthsharing plan stand out when it comes to empowering consumers and giving you more control over your own healthcare. The two...
5 Reasons to Switch to Medicare Advantage During Medicare Annual Enrollment Period 2021

5 Reasons to Switch to Medicare Advantage During Medicare Annual Enrollment Period 2021

by Tom Lockwood | Nov 27, 2021 | Medicare Advantage Plans, Medicare Annual Enrollment Period 2021

Medicare Annual Enrollment 2021 is here. For the next few weeks, Medicare enrollees have the opportunity to make changes to their Medicare plan. Most notably, this is the time of year when it’s possible to switch to Medicare Advantage, a low-cost, privately operated...
Mastering Your Medical Savings Account: What Can an MSA Pay For?

Mastering Your Medical Savings Account: What Can an MSA Pay For?

by Tom Lockwood | Feb 5, 2021 | Medicare medical savings account

Using Your Medicare Medical Savings Account (MSA) to Pay for Qualified Medical Costs So, you’ve finally made the switch to the new and improved Medicare MSA Plan. That means that you’re probably already saving money on your monthly premium. It also means that you’re...
Understanding Medicare’s Open Enrollment Periods

Understanding Medicare’s Open Enrollment Periods

by Tom Lockwood | Aug 5, 2020 | Health, Medicare Advantage Plans, Medicare Supplement Plans

Contrary to popular belief, managing your Medicare is not something that is complete the day you turn 65. While some people get Original Medicare (Part A & B) automatically, most people will have to take additional action to get the level of coverage that they...
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  • What are the Best Medicare Supplement Plans?
    January 11, 2026

    Lou SpataforeLou Spatafore works for MediGap Advisors. As a PBM,…

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Disclaimer: MediGap Advisors is not connected with or endorsed by the U.S. Government or the federal Medicare program. Medicare has neither reviewed nor endorsed the information contained on this website. This is not a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE or consult www.medicare.gov (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week.