Medigap Plans in Catasauqua, Pennsylvania 18032, Lehigh 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!
You feel a little overwhelmed in regards to picking plans which will fit your own personal needs if you’re already on Medicare or if you’re planning to become eligible for Medicare in the near future. There are still likely to be out of pocket expenses which you might not want to have to pay for in regards to the original Medicare which includes Parts A and B. This can be where the supplemental plans come into play. In this specific article we are going to be giving you an overview of three of the different supplement plans that are available, these plans are also called Medigap plans. The ones we’ll be going over here are G plans F, and N.
Each of the supplement plans is offered by private insurance companies around the country and also the prices of these 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 Plan F, the coverage the plan offers will be the same no matter what insurance company you decide to deal with.
Medicare Supplement Plan F
Plan F tends to be a very popular pick for most people because it offers a lot more coverage than other supplement plans. It’s important to notice there are two different types. There is the standard Plan F and another one that has the same benefits as the standard but comes with a higher deductible. This implies if you were to choose the deductible that is higher which you would need to pay a certain amount of money prior to the coverage would begin.
Benefits that are included with the Plan F include most of the following:
Part A Medicare coinsurance along with hospital costs along with an additional year of coverage after your Medicare benefits have 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’ll cover the coinsurance amounts which may be required. Will cover any emergency coverage that might be needed during foreign traveling.
If you decide that you just want to pick the higher deductible plan then you will be required to pay for all the out of pocket costs the original Medicare doesn’t cover until you have reached a certain amount. 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.
Normally it will be the most expensive plan, however, should you shop around since Plan F does offer the largest amount of benefits you may locate a plan that is less expensive.
Medicare Supplement Plan G
This particular Medigap plan is one that offers most of the same benefits. There’s one exception, however, it doesn’t cover the deductible for Medicare Plan B. This means that if you go with Plan G you are going to need to pay the yearly standard Part B deductible. That deductible in 2017 was $183. So, should you not mind paying for this deductible amount, Plan G could be a good option to consider when it comes to supplemental plans.
You should know they are the only two Medigap plans that do this and that all excess charges that will accrue with Part B Medicare are covered by both these plans. These excess costs will be the actual difference between what the Medicare amount that is approved is and just what a doctor actually charges due to their medical service. These professionals are considered to be non-participating providers and they’re allowed to actually charge as much as 15% more than what Medicare allows for a certain covered medical service. This extra amount is exactly what the patient would be anticipated to pay from their own pocket.
Medicare Supplement Plan N
This is a supplemental plan that offers a great deal of the same benefits as the Medigap Plan F but there really are a couple of exceptions that you ought to be aware of when looking at this particular plan that is listed below:
Plan N does not cover the deductible that comes with Part B Medicare. It doesn’t cover the extra charges that might come with Part B. So, what this means is that you’d be responsible for paying for all these differences. As it pertains to Plan N, it’s another difference, though it will pay most of the time to 100% of the coinsurance of Medicare Part B, there may be exceptions. Those differences are you’re able to be required to pay a copay of up to $50 for some ER visits that don’t end up with admission and that you sometimes need to pay just as much as $20 for some office calls.
Best Time to Enroll in Some of Those Plans
If you happen to be considering signing up for these Medigap plans you should know that the best time to enroll in some of these would be during what is generally known as the a Medicare Supplement Open Enrollment Period. This starts when you’re older or 65 years old and you already have Part B Medicare. This implies that during this six month time period you can not be turned down for this insurance for any health reason and you can’t be charged a premium that’s higher because of any pre-existing conditions that you might be suffering from.
Give us a call at (888) 373-4315 for the best rates on Medicare supplement plans in Catasauqua, PA!