Posted on March 27, 2018 by admin

Medicare Supplemental Insurance Coverage: Is It for You?

Medicare was not established to be a one size fits all type of insurance plan. It was never intended to cover all medical expenses for all enrollees. This is one of the many reasons that Medicare Supplemental Insurance Plans were created; to cover the gaps in medical expenses and Medicare coverage. There are currently twelve different Medicare Supplemental plans of coverage to choose from which are effectively managed by the federal government. Management by the government ensures that they have a parallel coverage regardless of the insurance agency from which you acquire it.

Choosing the Perfect Medicare Supplemental Insurance Coverage

Before choosing a Medicare Supplemental Plan it is important to understand the coverage that you need. Evaluate where Medicare Part A and Medicare Part B are lacking in medical coverage for your specific needs and compare supplemental insurance plans to determine which one addresses the best combination of medical needs for you at a budget that is affordable. It is crucial to understand that no matter where you choose to purchase insurance from the plans will remain the same. Medicare Supplemental Insurance Plan G through Blue Cross Blue Shield is the same as Plan G through United Health Care. The only difference being the service you receive and the premiums you pay.

Because there are only a dozen plans to choose from this process is a lot simpler than searching for local insurance coverage. There is no difference between the plans regardless of the private insurance organization you choose to purchase it from.

Facts You Should Know About Medicare Supplemental Insurance Coverage

Price Variability

Even though these plans are identical, the cost of acquiring Medicare Supplemental Insurance Coverage may vary from carrier to another. This is due to the additional services and premium features attached to it. Therefore, try to shop many companies and compare their packages before you buy. Single insurance carriers offer a different selection of plans. Hence, each insurance company will try to introduce you to the plans they sell which may be different from another.

Same Package Coverage

Regardless of who you buy your Medicare Supplemental Insurance Coverage from, the package is still the same as the gaps found in Medicare. There are several levels of benefits offered by this comprehensive 12-plan package, ranging from Plan A to plan L. More so, there are many private companies out there that offer one or more of them. However, regardless of where you buy these plans from, the coverage is the same and identical. Therefore, if a company should tell you their plan is different from others with some unique benefits, don’t believe them.

Only One Plan is Needed

According to the law, only one Medicare supplement insurance plan is needed. However, you easily cover the gap in your Medicare coverage by purchasing the Medigap insurance. What this implies is that if a plan covers your need, you don’t need any other supplemental plan. If otherwise, you can go for a Medigap insurance plan. Generally, buying more than one pan is considered “illegal” by the Federal Government.

Only You

You are the only one that can be covered by a Medicare insurance plan. Unlike the traditional insurance plans that oftentimes cover your family and loved ones, Medicare only covers you and no one else. Hence, married couples must purchase different plans for themselves. More so, if a private insurance company should tell you their insurance policy covers you and other people, they are not genuine, and you should rather consider other companies.

Bottom Line

Generally, it is a wise option to enroll in a Medicare Supplemental Insurance Plan. Likewise, it is essential to understand the basics before proceeding to purchase one. If you are yet to purchase one, there is still time for you to do so. Follow the above tips and facts for choosing a Medicare Supplemental Insurance Plan and be assured of the best choice.

Learn more about Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com. Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans. To talk to an expert in Medicare coverage toll free 877-202-9248 today!

Posted on March 26, 2018 by admin

Fully Utilizing Medicare Supplement Insurance Plans

Medicare is meant to provide medical insurance to the seniors of this country. However, with all the added reliefs in the programs offered by Medicare, there are certain additional coverages that the government allow individuals like you to obtain from private insurance companies. These are summed up in a collective term known as Medigap. Before you could enroll in a Medicare Supplemental Insurance Plan, it is important for you to think deeply about your present health condition, family health history, and future prospects. This is because choosing a Medicare Supplemental Insurance Plan depends upon the factors mentioned. There’s no one-plan-fits-for-all.

When can you choose Medigap?

If you want to fully utilize the benefits of these supplement insurance policies, then you need to avail them in the time span of 6 months after you turn 65. However, it is important for every senior to have a Medicare Part A and Part B before enrolling in the Medigap.

Also, it is worth noting that those who have Medicare Advantage plan can also enroll in the program. But for that to happen, you would have to leave the plan.

How should you choose them?

It all depends on the factors mentioned above. Furthermore, every state in the U.S has a different set of rules and regulations regarding Medigap. Therefore, before you go on selecting the policies from A through N, you need to know about the criteria in your particular area. The coverage of the individual plans also depends on the private insurance provider. It can vary greatly from company to company. Although, there are certain plans such as Medigap Plan C that offer the same set of benefits throughout the market; however, certain additions and omissions might be experienced in the other plans.

What is the role of the monthly premium?

You wouldn’t be able to enjoy the benefits of Medigap plans if you do not pay the monthly premium set by the company. Therefore, to fully utilize them, you need to pay them dully on time. That way, you could stand eligible for renewing them without any major hassle.

Medigap plans can be beneficial in providing deductibles for Medicare Part A and Part B. However, with all that, it should be kept in mind that there are some things that the supplement plans cannot cover. For example, according to the website of Medicare, the supplement plans do not cover any dental and vision care, hearing aids, eyeglasses, any long-term care, or private nursing. These are all out-of-the-pocket costs. What else it doesn’t cover are the drug costs. You’d have to buy the Medicare Part D for that. Combined with Medigap plans, the Medicare Part D would serve the purpose, but it should be noted that you’d have to pay the monthly premium for this part separately. It wouldn’t be included in the Medigap premium.

Choosing a Medicare Supplemental Insurance Plan requires attention on your part. After all, enrolling in an unnecessary plan could only result in a waste of time and money. Therefore, enroll in a Medicare Supplemental Insurance Plan only when you know it’s best for you. Only then, you can fully utilize its benefits.

Posted on March 8, 2018 by admin

Ten Important Facts about Medicare Supplemental Insurance Plans

Are you a senior on Medicare? You probably know that the plan does not cover all the health insurance benefits you need. This is exactly where a Medical supplemental insurance plan becomes important. Also referred to as Medicare gap or Medigap coverage, it has a variety of benefits that supplements the costs that Medicare does not cover. Here are ten important facts about Medicare supplemental insurance plans.

Medicare supplemental plans are standardized

Medicare supplemental plans are standardized. This means that each plan that begins with the same letter (with designated letters A to N) must have the same basic benefits, irrespective of the insurance company you purchase the plan from. However, different insurance companies determine their pricing independently.

Medicare supplemental insurance plans cannot be combined with certain health insurance types

Medicare supplemental plans were designed to work with Original Medicare (parts A and B). If you have another type of insurance, purchasing a supplement plan from a supplement plan from an insurance company may be illegal.

Medicare Supplement plans do not cover all medical benefits

Benefits such as Part A and B deductible, Part B excess charges, skilled nursing facility care coinsurance, and foreign travel emergency are covered up to 50% by some Medicare supplement plans. On the other hand, benefits such as Medicare part A coinsurance, part A hospice care copayment or coinsurance, part B coinsurance or copayment, and the first three pints of blood are covered by supplement plans to at least 50% and it could be up 100%.

Medicare supplement plan is best bought when you are first eligible

Although Medicare supplement plan can be bought anytime, you could be subjected to medical underwriting which would allow insurance companies gather information about your medical history. This history – past or present – could be used as grounds to either charge you more for a plan or reject your application. The Medicare Supplement Open Enrollment Period is the best time for purchasing a supplement plan. During this time, you would not be subjected to a medical underwriting by insurance companies. This period lasts for six months beginning from when you are 65 or older.

You must leave your insurance plan to enjoy a Medicare Supplemental plan

If you already have another insurance plan such as a Medicare Advantage plan, you must leave the plan before the Medicare supplemental plan begins.

A Medicare supplement plan is for one person

If a holder has a spouse that qualifies for a Medicare supplement plan, he/she will have to purchase a separate policy.

Consumers pay a premium

Medicare supplemental insurance plan consumers pay the insurance company a monthly premium for the policy. This is in addition to the Part B premium that a policy holder must pay to Medicare.

Medicare Supplement plans no longer cover prescription drugs

In the past, Medicare supplemental plans had prescription drug coverage. However, since January 1, 2006, such coverage has been disallowed. For consumers who need such coverage, they can purchase the stand-alone Part D also referred to as Medicare Prescription Drug Plan.

It is illegal anyone with an MSA to sell a Medicare supplemental plan

If anyone has a Medicare Medical Savings Account (MSA) Plan, it is illegal to sell a Medicare supplemental plan to a consumer.

Medicare Supplemental Plans are guaranteed renewable

So long as a consumer continues to pay the premium, no insurance company can cancel a Medicare supplemental policy even if the consumer has medical issues.

Posted on March 1, 2018 by admin

Comparing Medicare Supplemental Insurance Plans

Medicare supplement insurance was designed to cover holes and gaps in basic Medicare parts A and B for qualifying seniors within the age range of 65 and those with disabilities under the age of 65. Medicare is a health insurance program funded by the government designed to help seniors pay for their medical and health needs such as prescription drugs, treatments, checkups, surgeries and other accessories that make life easier for them. Undoubtedly, that most people who are now getting to this age group are somehow going to notice substantial changes in their life with Medicare proven to be of great benefit. However, Medicare does not cover all their individual needs. To combat this the federal government introduced Medicare supplemental insurance plans or Medigap.

Comparing the Differences of Plans

It is highly essential to compare Medicare supplemental insurance plans if you need extra health insurance to supplemental Medicare Part A and Part B. When you look at these plans, the very first thing you will realize is that they are offered by the same providers from whom you would have received coverage in the days when you were dependent on your individual plan. However, unlike the individual insurance coverage, the Medicare supplement insurance is regulated by the government and your provider can only charge a certain amount for coverage and each of the supplemental plans must cover certain costs. The Medicare supplement insurance makes it easier for you to choose a plan and you won’t have to worry about getting stuck with poor coverage that leaves you with huge bills to pay for each medical treatment.

Getting the Treatment You Need At The Price you Can Afford

Each Medicare supplemental insurance carrier offers Medigap plans A through L. Senior will need to have Medigap plan A and B which covers the basic medical treatments and drugs prescription. With Plan B, you should also expect to pay premiums. However, Medigap plan C through L have some different options. When opting for a plan in these categories ensure you base your decision on the two major factors; the treatment that you will need and the amount you will be able to pay regarding co-pays and deductibles.

Benefits of Medigap Plans

There are series of benefits when you make the best choice of Medigap plans. Firstly, you will be covered of all various types of treatments, cares and medication that you will require to keep you healthy. Secondly, you should expect to be paying premiums only, and the best supplemental Medicare insurance will allow you to avoid those annoying deductibles and co-pays. You will never have to worry about settling bills for treatments that you believed your insurance was going to pay for.

Some other benefits of Medicare supplemental insurance plans also include vision and dental coverage which have lower copays than Medicare. Although, expensive service such as hospitalization and surgery the co-pays can tend to be higher. If you have hospitalizations in the past, ensure to check out the limitations on hospital coverage with the Medicare Advantage plans.

It is crucial to fully understand all the limits of Medicare supplemental insurance plans before choosing. Take your time to ask a reputable insurance agent about all the Medigap options available and compare them with other forms of supplemental insurance to make an informed decision about your medical coverage.

Posted on February 22, 2018 by admin

When Can You Sign Up for Medicare Supplement Plans?

Medicare supplement plans are designed to cover out-of-pocket costs which include deductibles, coinsurance, co payments, and costs that are not covered by Medicare part A and B. The best time to sign up for a Medicare Supplement plan is typically during the Medicare Supplement Open Enrollment period. During this period, you would not be subjected to any form of medical underwriting, a situation where an insurance company uses an already existing medical condition as a reason to deny you medical coverage or charge you for such coverage.

Enrollment Periods and Terms

The open enrollment period usually lasts for a period of 6 months beginning on the first day of the month when you are 65 or older or when you enrolled in Medicare part B. In some states, there are Medicare Open Enrollment Periods for individuals under the age of 65. You could seize such opportunity if you fall in such category.

When the Medicare Open Enrollment Period expires, signing up for a supplement plan may not be as easy if you are trying for the first time. If you have already signed up for a Medicare Supplement plan, you may not be able to switch plans with guaranteed issue. In the absence of guarantee issue rights, insurance companies may subject you to underwriting that would ensure you are charged a premium fee for medical coverage based on your health condition.

Guarantee Issue Rights

On the other hand, there are situations where you may have guarantee issue rights even after the Open Enrollment Period. These situations could include, but are not limited to:

When your Medicare Supplement plan ends through no fault of yours
When you were misled by your insurance company
When you move out of an area where you enrolled in a Medicare Advantage plan or the plan leaves the Medicare program
When you are enrolled in an employer-sponsored Original Medicare plan and the coverage of your employer ends.

Medicare Part D

It is important to note that Medicare Supplement plans do not include benefits of prescription drugs (Medicare Part D). Although some plans in the past included this coverage that is not the case today. If you already have a Medicare Part D, prescription drug coverage, ensure it is creditable so you avoid paying a penalty for late enrollment if you decide to sign up for the Part D plan soon. Medicare Supplement plans are easy to understand and if you follow the laid down directions for signing up, you can rest assured of a friendly medical coverage devoid of any penalties.

Posted on February 15, 2018 by admin

4 Common Misconceptions About Medicare Supplemental Insurance

Also known as Medigap, Medicare supplemental insurance can be used together with Original Medicare Part A and Part B to help cover additional out-of-pocket expenses. For example, deductibles, coinsurance, and copayment as well as other benefits such as paying partial or even full coverage for overseas travel emergency care, Medicare Part B excess charges, and more. However, coverage for Medicare Supplement Insurance is standardized differently in states like Massachusetts, Minnesota, and Wisconsin.

Medicare Supplemental Insurance is also sold by private insurance companies who are free to set their own cost for any plan. You must at least 65 years or older, be enrolled in both Part A and Part B of Medicare and live in a state that sells the plan you are interested in purchasing because not all plans are available in every state.

The best way to shop for a plan is to compare offerings from multiple insurance companies in your area because the availability and cost of any plan differ from one insurance company to another. Which brings us to the next point:

Misconceptions About Medicare Supplemental Insurance

Medicare Supplemental Insurance Brokers

Most people think that they can only buy Medicare supplemental insurance plans directly from an insurance carrier and that it would cost them more if they used an insurance broker. This is not the case. Consulting directly with an insurance broker costs you nothing, in fact, it is to your benefit to make full use of their Medicare proficiency because they have complete access to many different insurance policies that may not be available to you, some which are too complicated to comprehend.

They can not only help you understand the details of a policy and also work out what level of cover you need, but they will also help you find a good deal and even negotiate premiums on your behalf.

Comparing Medicare Supplemental Plans

Most people feel that everything is straightforward and they can figure out everything on their own. Understanding any insurance plan is challenging let alone grasping the workings of a Medicare supplemental comparison plans that come in 10 standardized benefit packages labeled from A – N. You also need to be aware of the three pricing methods which will affect your costs, prescription drug coverage, and other alternative options. It doesn’t hurt to seek expert advice to ensure you are getting the best policy at an affordable price.

Prescription Drug Coverage

Another misconception is that Medicare does not cover prescription drugs. While Original Medicare Parts A and B cover outpatient prescription drugs under limited conditions, Medicare Part D offered through private insurance companies or purchased as part of a Medicare Advantage Part C plan offers prescription drug coverage.

Medigap Eligibility

Most seniors fear that a poor medical history might render them ineligible for a Medicare supplemental plan. Well, during your six-month Medigap Open Enrollment Period, you have the right to buy any Medigap policy offered in your state and once you enroll in Medicare Part B and you are not required to answer health questions.

Posted on February 9, 2018 by admin

Five Reasons to Enroll in a Medicare Supplemental Insurance Plan

Medicare may cover some of the costs of your healthcare, but it doesn’t cover everything. For some Americans, there can be a lot of out-of-pocket expenses that can make it harder to make ends meet. Some of this gap can be filled with Medicare supplemental insurance plans.

Let’s cover five good reasons why you need to enroll in a Medicare supplemental insurance plan to help you manage your health better.

You Travel Frequently

Various types of Medicare supplemental insurance will allow you to travel to other states or out of the country, but still be covered with health insurance. This means that you won’t have to constantly be buying supplemental insurance, and you’ll be able to save money over time.

You Want To Keep Your Network of Providers

If you have the Medicare Advantage Plan then you know that you must go to their providers, even if it means a long distance for you. You may also not like some of the providers, but there is little recourse for you to choose. But with other Medicare supplemental insurance plans, you can choose which healthcare network you want to go to, as long as they accept your specific insurance plan.

You Want To Choose Your Own Specialists

Some specialists require a referral from your doctor, which can lead to delays and perhaps not get you the best care you need if your other Medicare supplemental insurance plans don’t cover that expense. But with a good Medicare supplemental insurance you can have your choice of specialists, even without that referral, and most of the expenses can be covered.

Additional Costs Are Covered With Medicare Supplemental Insurance Plans

With a Medicare supplemental insurance you may get many additional costs covered, that are not covered by basic Medicare. These can include blood transfusions, extra hospital stays, nursing care, and hospice or respite care.

You Will Have Coverage For Life

Once you sign up for one of the Medicare supplemental insurance plans you’ll have coverage for life. You won’t be denied care because you’re too old, or because you get a specific disease or condition. This can be a comfort to many patients. You may want to note that rates can change as you get older though, but these costs adhere to a strict plan of fees that includes everyone in your state.

It’s of benefit for you to do a Medicare supplement comparison. Once you see the differences between plans, you can decide which may benefit your health. You may discover that Medicare Advantage may be too restrictive, so you’ll want to try Medigap or one of the other plans.

Even if one plan seems cheaper, it may not necessarily be right for you. Carefully read through the fine print to see exactly what is covered. You may wish to make your choice based on what your total coverage costs will be, plus out-of-pocket expenses, at the end of the year. One plan may be better for healthier people. Once you decide on your Medicare supplement comparison, you’ll feel confident that you and your family will have the best coverage they need.

Posted on January 26, 2018 by admin

Improvements To Medicare Supplemental Insurance Plans

Medicare Supplemental Insurance Plans are part of a federal health insurance program created for people over the age of 65. It is sold by private companies to supplement Original Medicare benefits. It offers coverage for services such as overseas travel and can be used to help pay some of the costs that are not covered by Original Medicare such as copayments, coinsurance, and deductibles. Medigap policies are standardized and are identified in most states by letters A through N to make it easy for consumers to identify the different plans and to ensure that what they purchase meets their needs.

Improvements For Medigap

There are improvements that have been made to Medigap plan for patients and provider including:

Two new Plans M and N with new cost-sharing rules have been added
Medigap Plans E, H, I, and J, including high-deductible Plan J, has been dropped
Preventive Care benefits were dropped from all Plans because Medicare now covers many of these benefits.
The in-home recovery benefit was dropped from all Plans due to underuse
Hospice benefits have been added to the basic benefits of Plans A through D and Plan F and G
Plan E is no longer available
Benefits for excess charges in Plan G were increased to 100%

Medicare Supplemental Insurance plans and what they cover:

Medicare Supplemental Insurance Plan A – you are required to pay all deductibles, skilled nursing coinsurance, Part B excess charges and foreign travel emergency care. This plan covers:

100% of 61 to 90 days of your hospitalization coinsurance including that of the first three pints of blood
The cost of 365 extra days of hospital care after Medicare coverage ends
Medicare copayment of hospice care

Medicare Supplemental Insurance Plan B – you will pay your Part B deductibles, all hospitalization costs beyond the additional 365 days after the Lifetime Reserve is used up and costs that are not covered by Medicare after 21 days in a skilled nursing facility. It covers:

Part A deductibles
Medicare copayment/coinsurance of hospice care
The cost of 365 extra days of hospital care after Medicare coverage ends
100% of your hospitalization coinsurance from 61 to 90 days as well as that of cost the first three pints of blood

Medicare Supplemental Insurance Plan C – this plan doesn’t cover Medicare Part B excess charges but covers the following:

Medicare Part A hospice care coinsurance or copayments
Medicare Part B copayments and coinsurance
First three pints of blood for a medical procedure
Medicare Part A hospital coinsurance and hospital costs up to 365 days after Original Medicare benefits are exhausted
Skilled Nursing Facility care coinsurance
Medicare Part A deductible
Medicare Part B deductible
Up to 80% foreign travel emergency coverage

Medicare Supplemental Insurance Plan F – is the most comprehensive supplement because it pays for all of the gaps in Original Medicare Part A and Part B, including both your hospital and outpatient deductible. This plan is not only renewable, but you can see any Medicare specialist of your choosing without any referrals.

Medicare Supplemental Insurance – High Deductible Plan F – allow you to save on premiums while still receiving the most robust offering of Medicare Supplement but you will pay a higher out-of-pocket amount until a deductible amount is reached then your plan covers the rest of your Medicare-covered health-care costs for the rest of the year.

Medicare Supplemental Insurance Plan G – this plan saves you a little money because it pays Part A deductibles and all coinsurance, which are all of the benefits of Plan F, with the exemption of Part B deductible. You only need to pay the regular yearly Medicare Part B deductible out of pocket.

Medicare Supplemental Insurance Plan K – this plan covers 50% of your Part A deductible, 50% of the cost of the first three pints of blood and of the skilled nursing facility copayment on 21 to 100 days. It also covers Medicare copayment or coinsurance of hospice care, including the cost of 365 extra days of hospital care after Medicare coverage ends.

Medicare Supplemental Insurance Plan L – covers 75% of coinsurance and copayments not covered by Medicare Part B as well as that of hospice care that is not covered by Medicare Part A. It also covers three pints of blood drawn, coinsurance for a skilled nursing care facility and deductibles not covered by Medicare Part A.

Medicare Supplemental Insurance Plan N – has similar benefits as Plan F but you will need to pay Medicare Part B deductible, Medicare Part B excess charges, and copayments for emergency room visits that do not result in an inpatient admission out of pocket.

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Posted on December 22, 2017 by admin

Tennessee State Medicare Facts

There are over 1.2 million residents receiving Medicare benefits in 2015 – That is 19% of the entire state population
21% of beneficiaries that became eligible in 2013 were disabled
A little less than 1.0% of recipients that started receiving benefits in 2013 were diagnoses with End State Renal Disease (ESRD)

Choosing the Correct TN Medicare Supplemental Insurance for Your Needs

When you are shopping for Tennessee Medicare Supplemental Insurance rates it is critical that you get as many quotes as possible from as many companies as you can. While there are only ten standardized policies across the board, companies will charge different rates for the same plans. Also, know that plans offering lower monthly premiums have higher deductibles.

In addition, you may pay more depending on where in Tennessee you reside as prices can vary from county to county. All ten of the plans offer different benefits and it is imperative that you select the one that will best fit your need. If you spend a lot of time in the hospital and need to purchase a great deal on medical supplies, then you will benefit for a plan with a low deductible.

Shopping for Supplemental Insurance in Tennessee with a Pre-Existing Medical Condition

If you are shopping for Medicare Supplemental Insurance plans in Tennessee and have a pre-existing condition you will want to familiarize yourself with each company’s guidelines regarding coverage of individuals who suffer from a pre-existing health problem. Some companies require that beneficiaries wait six months until coverage for the condition can begin while others only require a two or three month waiting period. This waiting period can be avoided all together by enrolling in a Supplemental Insurance Plan during your open enrollment period, otherwise known as OEP. This is the period between the first day of the month in which you turn sixty five and are enrolled in Original Medicare Part A and Part B. The time frame for your Open Enrollment Period, OEP, is six months.

Contact Us Today

Learn more about Tennessee Medicare Supplemental Insurance rates, plans, and more at http://www.emedicare-supplemental-insurance.com/tennessee-medicare-supplement-plans. Our Tennessee Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans. To talk to an expert in Tennessee Medicare coverage toll free 877-202-9248 today!

Posted on November 6, 2017 by admin

Beginners Guide to Medigap

As we get older, it is customary to rely on healthcare insurance to meet the unexpected medical expenditure. Our financial assets can get depleted in no time even if we suffer from a single serious health disorder. In order to bridge the gaps in your original Medicare coverage, a Medigap policy is offered by a private insurance company. These Medigap polices cover those medical expenses which your Medicare policy does not cover.

Medicare Part and B

Medicare systems are designed for senior citizens aged 65 and above and they are made of two parts. Part A and Part B, together covers a part of the inpatient and outpatient medical expenses. There are other financial requirements for a holistic healthcare and this is where Medigap comes into the picture and provides a supplementary health care coverage along with your Medicare policy.

How Many Policies To Choose From?

Medicare policies are federal sponsored policies. On the other hand, Medigap coverage policies are sold by insurance companies. There are 12 standard Medigap policies, Plan A through L, whose benefits and price tag differ. Apart from these 12 policies, Medicare SELECT is yet another Medigap policy which is less expensive when compared to the standard Medigap policies. But only individual circumstances can settle on which Medigap policy works best for you.

Medigap coverage policy takes care of the following health care costs: Coinsurance costs for Medicare covered doctor bills, hospitalizations covered by Medicare, costs of skilled nursing care, first 3 pints of blood, costs of additional covered 365 hospital days after the Medicare covers the initial 60 days, custodial care costs, preventative care and emergency overseas healthcare treatment are some of the medical expenses taken care of Medigap policies.

Enrollment

The right time to enroll for a Medigap policy is the month after you turn 65. This is because, insurance companies cannot deny selling the policy due to some previous health disorder and the premiuim remains the same. Hence choose the right Medigap policy at the accurate time to go easy on the pocket during your retirement life.

The key benefit is that Medigap helps individuals pay for those additional cost that Medicare does not cover such as co-insurances, deductibles and premiums.

Some services may also be covered, depending on the needs of the policy holder. In addition to this, coverage is oftentimes provided (where applicable) during deductible periods. Most importantly and depending on the Medigap supplement insurance that the consumer opts for, there may be additional benefits that are not covered by traditional Medicare insurance even though Medicare will continue to pay for approved health care costs.

Consult an independent insurance agent that specializes in Medigap insurance to help guide you through the process.

Having an insurance policy is quite important to everyone who is in need of it, and every senior worries a lot about the needs for good medical insurance. When you shop with us you recommend a plan that suites your needs! You can depend on us to provide you with the type of coverage that is right for you!