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At MedicareSupplementalInsurance.com, our passion is to provide you with the best information to help you find the best supplemental insurance policy possible. With each person having unique needs and desires, we provide options that will fit even the most customized health needs. If you’re new to Medicare or need to make changes to your existing plan, you should learn about Medicare updates for 2013-2014.
Medicare supplement plans are add-ons that you will use in addition to your Medicare health policy. These supplements will create coverage for your health where basic Medicare coverage falls short. Medicare plans - Part A and Part B - do not cover all of your health needs and leave “gaps” in your plan. The coverage provided by the government is extremely affordable and beneficial, but tend to cover only 80% of your medical expenses. For this reason, there are private insurance options available for people such as yourself. These private options make it easy for Medicare recipients to find the perfect plan to meet only the needs that they have, and nothing more.
Private Medicare supplemental insurance covers the costs that can add up quickly. Costs like deductibles, copays, prescriptions, and other expenses can add up over time. With Medicare alone, you may be required to cover these expenses, which could provide a great financial hardship. Medicare supplement plans will help to cover the costs of all of these.
Medigap policies are easy for seniors to manage and apply for because you can be approved without a medical exam. During the period of time known as the “Guaranteed Issue Period,” seniors are able to qualify for Medicare supplement plans without a health examination. Once seniors are enrolled, their beneficiary will be able to auto-renew as well. The “guaranteed issue” period is a great time for any senior to enroll, especially those with pre-existing conditions. If you enroll during this time period, you also lock your premiums in, meaning that the cost will not go up.
Check marks in the chart denote a coverage of 100% of the described Medigap benefit. If there is no check mark and instead a percentage marker, Medigap policies on each plan cover up to that percentage for the according benefit provision. If a box is blank, the Medigap policy is not sufficient for that benefit. You should also note that Medigap plans from MedicareSupplementalInsurance.com providers only cover your coninsurance premiums if you have already paid the deductible.
Medigap Plans Effective June 1, 2012 |
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Medigap Benefits Chart |
Plan A |
Plan B |
Plan C |
Plan D |
Plan F * |
Plan G |
Plan K |
Plan L |
Plan M |
Plan N | |
| Medicare Part A Coinsurance and Hospital Costs up to an Additional 365 Days After Medicare Benefits are Used Up. |  |
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| Medicare Part B Coinsurance or Copayment | |
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50% | 75% | |
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| Blood (First 3 Pints) | |
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50% | 75% | |
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| Part A Hospice Care Coinsurance or Copayment | |
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50% | 75% | |
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| Skilled Nursing Facility Care Coinsurance | |
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50% | 75% | |
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| Medicare Part A Deductible | |
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50% | 75% | 50% | |
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| Medicare Part B Deductible | |
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| Medicare Part B Excess Charges | |
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| Foreign Travel Emergency (Up to Plan Limits) | |
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| Out-of-Pocket Limit ** | |||||||||||
| $4,620 | $2,310 | ||||||||||
* Medigap Plan F also has a high deductible option available for your policy. Under the high deductible choice, it is your responsibility to cover the $2,070 for the 2012 period before your Medigap plan covers any additional cost.
** Medigap Plans K and G have additional out of pocket limits that will only require you pay $4,620 and $2,310, accordingly. Once that is covered by you (and you have also paid your yearly Part B deductible), the MedicareSupplementalinsurance.com provider Medigap plans will pay 100% of your covered services the rest of that calendar year.
*** Medigap Plan N will pay for 100% of your Part B consinsurance payment, up to a maximum of $20 for office visitations, as well as a $50 copayment for unexpected emergency room hospital visits that don't conclude in an longer duration stay at the hospital.
Medicare plans are broken down into four main sections, with each section covering certain aspects of your health and health related needs. Each one exists for a certain purpose and offers coverage specialties that will help you make an informed purchase decision. Medicare Part A (Hospital Insurance) covers any services that you might receive in an inpatient center, such as a hospital, nursing facility, hospice or home care. Part B (Medical Insurance) covers your doctor’s visits, outpatient care, and some preventative treatments. Part C is your Medicare Advantage policy, which provides some private insurance companies for you to choose from if you don’t want Medicare. Part D covers your prescription costs. To compare the prices of different plans offered in your state, enter your zip code at the top of this page.
MedicareSupplementalInsurance.com sets itself apart from all the other Medigap providers because we bring you quotes from the country’s top providers all to one place; making it easy and convenient for you to compare rates and save instantly. When you enter your zip code in our quotes box, you will be shown a list of the top providers in your area and will be able to select plans according to coverage and price. By reviewing the different plans offered by these providers, you will be able to build a customized plan that gives you everything you need, and nothing you don’t. For this reason, MedicareSupplementalInsurance.com is the leader in providing great Medicare supplement quotes and helping consumers find the best rates possible.
Most people become eligible for Medicare coverage once they turn 65 years old. If you are 64, you can apply for a Medicare Advantage Plan and/or Part C and D of Medicare up to three months before your 65th birthday. You can also apply for Medicare if you are disabled and under the age of 65, but this is limited to those who have already received social security or RBR benefits. If you are both 65 and disabled, you can cancel your Medicare Advantage plan at any time and enroll in Medicare.
Open enrollment is a short period of time each year where those who qualify for Medicare are able to make changes to their Medicare supplement plans quickly and easily. During this time, you are able to add additional services to your plan, remove any unnecessary services, enroll in a plan, or cancel your Medicare supplement plan entirely. For 2013, open enrollment is from October 15, 2013 until December 7, 2013. Although this time period is specifically designed to allow you to change your plan, there are still special limitations that differ depending on location and need. Be sure to check with your policy provider to find out if there are any limitations to the changes which you desire to make.
No matter the time of year, it is in your best interest to make sure that you have the best possible Medigap policy available. Starting by contacting a Medicare Supplemental Insurance specialist is the best way to make sure that you are getting as much coverage as possible at the best rate available. If you are interested in learning more about Medigap plans, get started on MedicareSUpplementalInsurance.com by filling out our form. You will be on your way to finding the peace of mind provided by Medicare Supplemental Insurance in no time.
If you do not have Medicare benefits but are still interested in insurance for seniors,Burial Insurance may be a great alternative.
