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Medicare Supplemental Insurance Plans

Medigap Insurance: Why Do You Need It If You Have Medicare?

Is Medicare confusing to you? Have you figured out what Medicare will cover and when you will need Medicare Supplement Insurance to pay your medical bills? Medicare's benefit periods, co-insurance, co-pays and deductibles make it hard for many people to understand how much Medicare Supplement Insurance can save them in out-of-pocket costs.

Have you thought about replacing your Original Medicare coverage with one the Medicare Advantage Plans? Premiums for these plans are expected to rise as their government subsidies are withdrawn. Unlike Medicare Advantage Plans, Medigap continues to offer lower premiums.

Medicare Supplement Plans M and N became available in June and their premiums are lower than some of the previously available Medicare Supplement Plans. That doesn't necessarily make either of them the best plan for everyone, though.

Medigap Insurance offers 10 different plans providing minimal to comprehensive coverage for all the bills that Medicare doesn't cover. The best Medigap Insurance is the plan that pays your biggest medical bills for the lowest premium.

Certain Medicare Supplement Insurance Plans help if you need to go to the hospital, while others cover expensive doctor bills. You can even find Medicare Supplement Insurance Plans to protect you when you travel outside the country.

So, how do you decide if you need Medicare Supplemental Insurance? What did you pay for doctor and hospital bills last year? If that's more than the cost of Medicare Supplemental Insurance, it's worth the premium price.

The best Medicare Supplement is quite simply the one that saves you the most money. That's why there is no one best Medicare Supplement for everyone. What you need may be different from what your friend needs.

If you're paying for the Medicare Part B co-pays and deductible, all 10 of the Medigap Plans cover co-pays to see a doctor or go to the emergency room. Medigap Plans C and F will reimburse you for the $155 Part B deductible.

Medigap Policies can also help if your doctor charges more that the pre-approved amount Medicare will pay for procedures. That's called Part B excess charges and plans F and G pay all or 80 percent of those excess charges. Other Medigap Policies can help with hospital charges, too.

Medicare Supplemental Health Insurance is even more important when you are admitted to the hospital. That's because you must meet Medicare's Part A deductible of $1,100 per illness before Medicare pays for hospital charges. Medicare Supplemental Health Insurance
can pay that deductible for you.

Medigap Insurence pays for even more than that deductible. It also covers the Medicare co-insurance charges if you have to stay in the hospital for more than 60 days. With Medigap Insurence you can get the hospital care you need without being overwhelmed by the expense.

Medigap coverage can protect your health and your retirement savings when you need either doctor or hospital care. It can also help with care in a skilled nursing facility when you leave the hospital. Medigap coverage can pick up the charges after comprehensive Medicare coverage ends.

Medicare Supplement Insurence can extend your rehab in a skilled nursing facility so you're ready to take care of yourself when you do go home. That reduces the chances that you'll have to be readmitted to the hospital. With Medicare Supplement Insurence, you can rebuild your strength and stamina to regain your independence.

To get the best Medigap Insurance for your situation, ask yourself what medical bills you're likely to have in the next couple of years. Whatever plans relieve you of most of that burden are going to be the best Medigap Insurance for you. To help you get the right coverage, you can select from 10 different plans.

Medigap Plan F is the most popular plan and it offers the most complete coverage. That also means premiums for Medigap Plan F will be higher than those of most other plans.

At the other end of the spectrum, the new Medicare Supplement Plan N pares down coverage and offers one the lowest premiums. Even with lower premiums, Medicare Supplement Plan N
still helps with the really big gaps in Medicare, such as hospitalization.

Nearly four million seniors are Humana Medicare Supplement members. Humana is a leader in insurance today, but it began as a nursing home in 1961. With a Humana Medicare Supplement, you'll benefit from nearly five decades of healthcare experience.

Medigap comparisons can show you all the different combinations of coverage available so you can get help with the expenses you have without paying for the benefits you don't need. It's also important to check Medigap comparisons between insurance companies, which can charge different prices for the same plan.


"You were the most helpful in guiding me through the process of selecting what was right for me."

You were very responsive when I first called, followed up well, and were patient and helpful despite me taking so long to make my decision.  You were the most helpful in guiding me through the process of selecting what was right for me.  In today's world of web-based and long-distance business, your personal touch was and continues to be important for me.

I appreciate your willingness to work with the customers, providing information online for the customers to peruse before they buy, providing choices to the customers, and assisting the customers in selecting from them.

Thanks for continuing to follow up, you have been very helpful.  I would most definitely recommend you to others.

Murali Gopalakrishnan
Computer Analyst
Superior, CO

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Colorado Medicare Supplement Insurance in the News

Medicare in 2007: What you need to know
When Medicare began offering Part D prescription drug coverage for the first time this year, seniors had six months to sort through the chaos - and it was chaos - to pick a plan.

Today's OpEds: Medicare Private Plans And The Health Law's Impact On Employer Coverage
Debunking Medicare Myths Kaiser Health News What's needed most today in American health care is innovative change which drives up productivity and value. With the right incentives, that's what the private sector can deliver, even as it's been clear for some time that the federal government cannot do likewise (James Capretta, 9/2)...

Medicare gaps will be topic
Action for Older Persons is presenting a free seminar on closing the gaps in Medicare at 10 a.m. Sept. 22 at its offices at 30 West State St. in Binghamton.

It's Time to Review Your Medicare Options
Health reform changes coming for Medicare, Medigap, Medicare Advantage, and prescription drug plans.

Marci’s Medicare Answers September 2010: Prostate cancer screenings… emergency ambulance calls… Hepatitis B shots… and ...
Dear Marci, Does Medicare cover screenings for prostate cancer? — Sven Dear Sven, Yes. Medicare covers one prostate screening per year (every 12 months) for men age 50 and older. Prostate cancer screenings can detect prostate cancer, which affects one in six men, in its early stages.

Health Care Reform Brings Insurance To Early Retirees Not Eligible For Medicare
A provision in this year's healthcare reform legislation will provide federal subsidies to 48 employers and unions in Connecticut to help pay for medical insurance for early retirees who are not yet eligible for Medicare.

The cost of long-term care
Some insurance decisions are easy. Take life insurance. You know you need it to replace the income your spouse and kids would lose if you died. Insurers don't have much leeway to dispute claims for death benefits because "deceased" is a pretty definite condition.

Ala. state employees' insurance rates not raised
Alabama state employees will not have to pay any more than the current $15 a month in premiums for health insurance during the next fiscal year beginning Oct. 1.

MedMal Direct Insurance Company Earns a Financial Stability Rating® of A, Exceptional, from Demotech, Inc.
JACKSONVILLE, Fla.----Jacksonville-based MedMal Direct Insurance Company has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards to policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss ...

Medicare drug premiums to remain stable in 2011
CMS says a slight rate increase for Part D insurance, combined with discounts required by the health reform law, will make medications more affordable.

 

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