Medigap Plans in Blue Bell, Pennsylvania 19424, Montgomery County are designed to cover what Original Medicare doesn’t pay in full. Call us at (888) 373-4315 for a free, immediate quote comparison!
If you are already on Medicare or if you’re planning to become eligible for Medicare in the near future, you feel a little overwhelmed as it pertains to picking plans that are going to fit your own personal needs. There are still going to be out of pocket expenses which you might not want to need to pay for in regards to the original Medicare which includes Parts A and B. That is where the supplemental plans come into play. In this article we are going to be giving you an overview of three of the different supplement plans which are available, these plans are also called Medigap plans. The ones we are going to be going over here are G plans F, and N.
Private insurance companies offer each one of the supplement plans around the country and also the prices of the plans will vary from one insurer to another. The benefits that you reap from each plan will soon be standardized according to every letter of the plans which are offered. What this ensures that say for instance you choose the coverage the plan offers will be exactly the same, Plan F no matter what insurance company you opt to deal with.
Medicare Supplement Plan F
Plan F tends to be a popular pick for a lot of people because it actually offers a lot more coverage than other supplement plans. It’s important to notice there are two different types. There’s another one that has the same benefits as the standard but comes with a much higher deductible and the standard Plan F. This implies if you were to choose the higher deductible that you would need to first pay a certain amount of money before the coverage would begin.
Benefits which are included with the Plan F include every one of the following:
Part A Medicare coinsurance together with hospital costs together with an additional year of coverage after your Medicare benefits have now been used up. Covers the coinsurance or copayment of hospice care that Part A does not cover.
It covers the Part A deductible. Pays for the deductible for Part B. If there are any Medicare Part B extra charges this plan will cover these charges.
If you require blood, this plan will cover the first three pints of blood needed. If you are in a skilled nursing facility it is going to cover the coinsurance amounts that may be required. Will cover any emergency coverage which may be needed during foreign traveling.
If you decide that you simply want to pick the higher deductible plan you’ll be required to pay for all of the out of pocket costs until you have reached a certain amount the original Medicare doesn’t cover. In 2017, that amount was $2,180 before this plan kicked in. But, by choosing the higher deductible plan you could end up paying a much lower monthly amount than with the standard Medigap Plan F.
Since Plan F does offer the largest amount of benefits it will be the most expensive plan, however, should you shop around you may find a plan that’s less expensive.
Medicare Supplement Plan G
This particular Medigap plan is one that offers many of the same benefits as that of Plan F. There is one exception, however, it will not cover the deductible for Medicare Plan B. What this means is that should you go with Plan G you are going to need to pay the yearly standard Part B deductible. That deductible in 2017 was $183. Therefore, if you don’t mind paying for this amount that is deductible, Plan G could be a good option when it comes to supplemental plans to consider.
You need to know that both these plans do cover all excess charges that could accrue with Part B Medicare and they are the only two Medigap plans that do this. These excess costs will be the actual difference between exactly what a doctor charges for their medical service and what the approved Medicare amount is. These professionals are considered to be non-participating providers plus they are allowed to actually charge as much as 15% more than what Medicare allows to get a certain covered medical service. This extra amount is what the patient would be expected to pay out of their own pocket.
Medicare Supplement Plan N
This is a supplemental plan that offers a great deal of the same benefits but there really are a few exceptions which you ought to be aware of when looking at this particular plan which will be listed below:
Plan N does not cover the deductible that comes with Part B Medicare. It does not cover the extra charges that might come with Part B. So, what this means is that you would be responsible for paying for all these differences. In regards to Plan N, it’s another difference, despite the fact that it will pay 100% of the coinsurance of Medicare Part B most of the time, there can be exceptions. Those differences are that you need to pay just as much as $20 for some office calls and you will be required to pay a copay of up to $50 for some ER visits which don’t end up with admission.
Best Time to Enroll in Almost Any of Those Plans
If you are considering signing up for any of these Medigap plans you should know that the best time to enroll in any of these would be during what is known as the a Medicare Supplement Open Enrollment Period. This starts when you are 65 years old or older and you already have Part B Medicare. This really is a six month time period that gives you a special right to join any kind of Medigap plan which is offered by any insurer in your area.
Give us a call at (888) 373-4315 for the best rates on Medicare supplement plans in Blue Bell, PA!