Compare Medicare Supplement Plans.mp4

FESCH.TV INFORMIERT:

Compare Medicare Supplement Plans: Differences Between Carriers & Plans

If you are newly eligible for Medicare, you may not understand that Medicare doesn’t cover all of your health care costs.

Part A covers hospitals, and you have a deductible; and part B covers doctor visits, and you also have a deductible with your part B.

Then Medicare will cover 80% of your medically necessary healthcare costs.

So, choosing a Medicare supplement, or a Medigap plan covers that 20% that Medicare doesn’t cover, and those deductibles.

So, the standardized Medicare supplements are letter plans, letter plans A through N.

The most comprehensive plan is the letter plan G, which covers all your Medicare co-insurances, covers your hospital deductible.

The only thing that plan G doesn’t cover is your part B deductible.

Medicare Advantage VS Medicare Supplement

An alternative to getting Medicare supplement is a Medicare Advantage Plan.

A Medicare Advantage Plan replaces your Medicare with a managed care, HMO and PPO, that is somewhat limiting because you have a network of doctors, and you have co-pays and co-insurances throughout the year.

Choosing a Medicare supplement or Medigap Plan over a Managed Care, HMO, or PPO has a lot of advantages.

You have the freedom of choosing any doctor that accepts Medicare, any hospital that accepts Medicare nationwide and you can travel, and go on vacation, and use your Medicare supplement in other states.

It’s also guaranteed renewable as long as you keep paying the premium.

Open Enrollment

Now, the best time to enroll in a Medicare supplement is during that one in a lifetime open enrolment opportunity, which is 3 months prior the month of, and 3 months after your 65th birthday.

You can certainly apply for a Medicare supplement outside of this window, but an insurer can decline you for certain health conditions or age.

Now because the Medicare supplements are standardized plans, they are identical to each other, there’s no difference in coverage.

The only thing that isn’t identical is the price or the premium, and the insurance company that you chose.

So, it doesn’t make sense to pay more for the same coverage.

However, comparing the plans and the companies, can be very confusing, and sometimes time consuming.

Seniors are so relieved after they speak with a licensed agent here at Medicare FAQ.

Top Rated Insurance Companies

Our agents have the ability and technology to research all the Medigap plans with dozens of top rated insurance companies.

This is why our clients stay with us year after year.

This is an important decision, and at Medicare FAQ helps educate the client, putting all of the puzzle pieces together.

So when they completed the enrollment process with one of our agents, they walk away with peace of mind and are clear about their Medicare covers they worked so hard for their whole life.

So, the Medicare supplements, the Medigap Insurance, is the truest form of health insurance when you are on Medicare.

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