Medicare Supplement Insurance  

Get Instant CA Health Insurance Quotes
Enter ZIP Code:
California Health Insurance Companies

Medigap Medicare Supplemental Insurance Plans

Medicare Supplemental Insurance: Need Help To Compare The 10 Plans?

You may be looking into Medicare Supplemental Insurance to protect you from the many gaps in Medicare's coverage. How do you choose from the different plans that Medicare Supplemental Insurance offers?

To get started, you need to decide whether to replace your governmental Medicare coverage with Medicare Advantage Plans from private insurance companies. Medicare Advantage Plans aren't as good of a deal now that healthcare reform is cutting governmental subsidiaries because their premiums are likely to be increased to make up the difference.

If you decide to stick with the Original Medicare, you can use Medicare Supplemental Health Insurance to prevent the gaps in Medicare's coverage from draining your retirement savings. Medicare Supplemental Health Insurance has a solution for the co-insurance, co-pay and deductible expenses you still have to pay after Medicare has paid its share of your medical bills.

First, let's take a look at Medicare's deductibles? Medicare Supplement Insurance can help with both the Part A deductible that you must meet before Medicare pays for hospital bills and the Part B deductible you have to spend before you get Medicare's help with doctor bills. Medicare Supplement Insurance can reimburse you both deductibles completely, or pay a portion to keep your premiums low.

If you see the possibility of a stay in the hospital in the near future, you'll need one of the Medicare Supplement Insurance Plans that covers the $1,100 deductible. If that's unlikely and you have a lot of doctor appointments coming up, you may be better off with one of the Medicare Supplement Insurance Plans that pay you back for the $155 annual deductible before Medicare pays for your doctor bills.

When would you have to pay for Medicare's co-insurance? When you see a doctor, Medicare only pays for 80 percent of a pre-approved amount for doctor bills, but you can use Medigap Insurance to pay for the 20 percent that's left. Medigap Insurance also covers co-insurance amounts when Medicare doesn't pay for 100 percent of your bills for care in the hospital or at a skilled nursing facility.

You may be wondering what co-pays are all about. If you need to see a doctor, Medigap Plans can also cover the typical $20 co-pays to see a doctor and $50 co-pays to go to the emergency room. Without Medigap Plans to cover these gaps in Medicare's coverage, you'll have to pay for them out of your own pocket.

Medigap Policies can also save you a lot of money on things you might not expect. What if your doctor's fee is higher than Medicare's pre-approved amount? Medigap Policies can pick up the difference so you don't have to find a new doctor.

Medicare Supplement Plans can help if you find yourself in need of emergency medical care during a trip in a foreign country, too. Six of the Medicare Supplement Plans protect you and your vacation by covering 80 percent of such charges for up to 60 days.

To get that kind of comprehensive coverage, take a look at Medigap Plan F. It has been the most popular and it has the more complete coverage for the holes in Medicare. Medigap Plan F will not have the lowest premiums, but it can actually save you money when you're faced with high out-of-pocket costs.

If you're not likely to have high medical bills, check out one of the less expensive plans, such as Medicare Supplement Plan N. In exchange for you paying the annual $155 Medicare Part B deductible, Medicare Supplement Plan N will cover the expensive $1,100 Part A deductible should you be admitted to the hospital.

By comparing what healthcare bills you expect in the near future to the coverage available, you can get the best Medicare Supplement for your situation. Once you select the best Medicare Supplement to protect you from your most-likely medical expenses, start to compare how different insurance companies are pricing the plan you prefer. Getting the best Medicare Supplement also means finding the best price on that plan.

Medigap comparisons can show you which insurer has the best price on Plan F, for instance, and you won't have to worry about giving up any of the typical Plan F coverage. With standardized benefits, Plan F coverage is the same regardless of where you find it. Medigap comparisons just help you find the company that's offering your favorite plan at the best price.

The best Medigap Insurance gives you the right coverage for your needs plus the best deal on the premiums. While it may sound like a lot or work to compare your options, you can really save hundreds, if not thousands, of dollars by paying lower premiums throughout your retirement years.

Certain insurance companies may offer ways to save even more. A Humana Medicare Supplement, for example, includes easy Internet access to keep track of your monthly benefits record. It also gives suggestions to help lower your health care expenses.

As you can see, Medigap coverage has lots of ways to improve your healthcare and protect your retirement savings from escalating medical costs. With Medigap coverage, you have the freedom to keep your doctor even though he charges more than Medicare will pay. You can also ensure your access to care in a hospital or skilled nursing facility to get you back on your feet so you are able to stay in your own home with the right Medigap coverage.

Comparing Medicare Supplement Insurence also gives you a lot of insight into when Medicare will pay for and when it won't pay for your medical bills. Medicare Supplement Insurence can be a great defense against many out-of-pocket expenses you could be stuck with if you depend on Medicare alone.

If you still have questions about Medigap Insurence, you can find more help from Medicare itself, from insurers that provide Medigap Insurence and online. As more baby boomers reach the age when they can enroll in Medicare, you can expect even more services will become available to help you assess your need for Medigap Insurence.

Medicare Supplement Insurance in the News

Medigap insurance choices are many
Consumers looking to do some comparison shopping have a lot of choices when deciding how much, or how little, to spend to supplement a Medicare plan with additional insurance.

At Your Service: Service Groups
The At Your Service column appears in The News-Journal on Mondays. Featured this week are service groups in Volusia and Flagler counties. AARP: 55 Alive Mature Driving, Tax-Aid, Medigap programs, driver's safety programs and more. ; 866-595-7678. AARP...

Vital Signs: Four Medicare myths that can cost you
The federal Medicare program is popular among older Americans, but that doesn’t mean it’s easy to navigate. Here are four misconceptions that can cost you.

The Challenge of Deducting Medical Expenses
Rising medical costs seem to be on everyone's mind these days as the battle over health-care-reform legislation moves from Congress to the courts. Although the tax code provides a deduction for

Four Medicare Misconceptions
The federal Medicare program is popular among older Americans, but that doesn't mean it's easy to navigate. Here are four common Medicare misconceptions.

Time Running Out to Switch Medicare Plans
Is it too late to switch Medicare Advantage plans for 2011? The general open-enrollment season for Medicare Part D prescription-drug plans and Medicare Advantage all-in-one plans

Lowering the Co-Pays for Mental Health Care Does Not Move Senior Citizens to Seek Help
Feb. 8, 2011 – Senior citizens with mental health conditions and enrolled in a managed care plan – Medicare Advantage – are not enticed to seek mental health care by lowering the co-pays required.

Seniors enrolled in Medicare Advantage plans have until Feb. 14 to reconsider
Experts are advising seniors enrolled in private health insurance plans known as Medicare Advantage to make sure the coverage meets their needs before a disenrollment period ends Feb. 14.