Medicare Supplements, also known as Medigap plans, are a great option for those who are wanting a plan that will help pay for costs that Original Medicare does not cover. Medicare Supplements offer the basic benefits PLUS some additional benefits such as skilled nursing coinsurance, foreign travel, extended hospital stays. They also offer the freedom of choosing any doctor or hospital that accepts Medicare, so there are no network restrictions.
Did you know that Medicare covers a full range of preventive services? We want all of our friends and clients to stay healthy and to help with that we wanted to take some time to make sure our readership is aware about the preventative services offered to them through Medicare.
Topics: Part B, preventative care, Medicare, medicare advantage, Medicare Supplements, Medicare Part B, Medicare Part C, Health, Medigap, Medicare explained, medicare solutions, how medicare works, explain medicare, Part C
While Original Medicare pays for many of your health care services and supplies, it may not cover everything you need. You may want to consider enrolling in a Medicare Supplement plan, also know as a Medigap plan.
Unlike Original Medicare, Medigap plans are offered through private insurance companies. These plans help cover some of the hospital and medical costs that Original Medicare doesn’t cover such as copayments, coinsurance and yearly deductibles. Some plans also help pay for services such as Part B excess charges, emergency overseas travel, and 2 out of the 10 Medigap plans include a yearly out of pocket limit, all of which Original Medicare does not.
In other words, a Medigap policy can fill in “the gaps” of Original Medicare.
Are you 65 and older, on Medicare and planning on moving to a new county or state? If so, you may be wondering if there are any changes you will need to make to your Medicare coverage, and what exactly those changes may be. Down below, we broke down the parts of Medicare and steps needed to take if you are moving:
Topics: Medicare Advantage plans, Medicare Supplement Plans, Prescription Drug Plan, Medicare, medicare advantage, Medicare Part A, Medicare Part B, Medicare Supplement, Medigap, Original Medicare, What is Original Medicare?, Moving
According to a Kaiser Family Foundation page, “Medigap Reform: setting the Context for Understanding Recent Proposals,” the vast majority of Medicare beneficiaries enhance their Medicare benefits with some other kind of coverage. Even though Part A and Part B offer very broad coverage, it is no secret that there are gaps because of deductibles, copays, coinsurance, and things that Medicare does not pay for at all. People who are interested in buying Medicare insurance from private companies to enhance their own benefits might be interested in learning what other beneficiaries do to make the most of their health benefits.
According to recent figures, about 30 percent of Medicare beneficiaries enhance their benefits with a Medicare Advantage plan. At the same time, about one in for beneficiaries choose a Medicare supplement. Almost everybody on Medicare enhances their benefits with some other insurance, but some people are also entitled to get help with a job-related health insurance plan or another kind of public health insurance plan. Since supplements are generally thought to cost more than Medicare Advantage, some beneficiaries might wonder why they would ever choose a Medicare supplement instead of Medicare Advantage.
Topics: Medicare Advantage plans, Medicare Supplement Plans, Medicare, medicare advantage, Medicare Supplements, medicare costs, Medicare Supplement, Medigap, Medicare explained, enrolling in medicare, What is Medicare?, What are Medicare Supplements?
One traditional way for Medicare beneficiaries to control the large gaps in coverage left by Part A and Part B of traditional Medicare has to been to purchase a Medigap policy, also called a Medicare supplement. One good thing about these policies is that they have been pretty standard in most states since the last big overhaul in 1992. Only three states have their own plan levels and don’t use the standard ones set by CMS. Still, there has been some talk recently of overhauling the standard Medigap plan levels again.
Topics: Medicare Supplement Plans, Medicare, health insurance, Health, medicare supplements explained, applying for Medicare, Medigap, how medicare works, medicare supplemental insurance, explain medicare
Medicare helps millions of American seniors and disabled people pay medical bills, but there are gaps in the program that still leave beneficiaries vulnerable. Examples are copay's, deductibles and things that Medicare doesn’t cover at all. Some Medicare recipients buy supplements, sometimes called Medigap plans, in order to protect themselves against these gaps in health coverage.
Topics: www.medicare.gov, Medicare Supplement Plans, Medicare, Medicare Supplements, senior supplement plans, medicare supplements explained, insurance made easy, insurance for seniors, Medicare.gov, Medigap, Medicare explained
Medicare Advantage Disenrollment Period 2015 - Medicare Gals
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By now, you have probably heard that health reform does not allow health insurance marketplace insurance plans to deny coverage because of preexisting health issues. However, that does not apply to Medicare Supplements because they are not part of the health insurance marketplaces. While there are certain times that Medicare recipients can get guaranteed coverage, at other times they can get declined because of health. On the other hand, Medicare Advantage plans do not do any health underwriting.