Medicare supplement insurance plans in Philadelphia, Pennsylvania 19149, Philadelphia County are designed to cover what Original Medicare doesn’t pay in full. Call us at (888) 373-4315 for a free, instant quote comparison!
You feel a little overwhelmed in regards to picking plans that are going to fit your own personal needs if you’re on Medicare or if you are about to become eligible for Medicare in the near future. There are still going to be out of pocket expenses that you may not want to need to pay for, when it comes 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’ll be going over here are N, G, and plans F.
Private insurance companies offer each of the supplement plans all over the country and the prices of those plans will vary from one insurer to another. However, the benefits which you reap from each plan will soon be standardized according to each letter of the plans which are offered. What this means 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 popular pick for many people because it actually offers much more coverage than other supplement plans. It’s important to notice that there are two different types. There is certainly another one that has the same benefits as the standard but comes with a higher deductible and the standard Plan F. This means if you were to choose the higher deductible before the coverage would begin, that you would need to first pay a certain amount of money.
Benefits that are included with all the Plan F include most of the following:
Part A Medicare coinsurance together with hospital costs along with an additional year of coverage after your Medicare benefits are used up. Covers the coinsurance or copayment of hospice care that Part A doesn’t 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 will cover the coinsurance amounts that might be required. Will cover any emergency coverage that may be needed during foreign traveling.
Should you decide that you want to pick the higher deductible plan then you will be required to pay for each of the out of pocket costs the original Medicare does not cover until you’ve reached a certain amount.
Normally it’s going to be the most expensive plan, however, should you shop around since Plan F does offer the largest amount of benefits you can find a plan that is less expensive.
Medicare Supplement Plan G
This particular Medigap plan is one that offers most of the same benefits. There is one exception, however, it does not cover the deductible for Medicare Plan B. This implies that should you go with Plan G you’ll need to pay the yearly standard Part B deductible. That deductible in 2017 was $183. So, if you don’t mind paying for this amount that is deductible, Plan G could be a good option to consider when it comes to supplemental plans with good benefits.
You should know they’re the only two Medigap plans that do this and that both of these plans do cover all excess charges that can accrue with Part B Medicare. These excess costs are the actual difference between what the approved Medicare amount is and just what a doctor charges for their medical service. These professionals are considered to be non-participating providers and they are allowed to actually charge just 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 expected to pay from their own pocket.
Medicare Supplement Plan N
This is really a supplemental plan that offers a lot of the same benefits but there really are a few exceptions that you need to be aware of when looking at this particular plan that’s 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 implies is that you’d be responsible for paying for all these differences. In regards to Plan N, it’s another difference, although it will pay 100% of the coinsurance of Medicare Part B most of the time, there may be exceptions. Those differences are that you need to pay just as much as $20 for some office calls and also you can 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 Any One of Those Plans
If you might be considering signing up for some of these Medigap plans you should know that the best time to enroll in any of them would be during what is known as the a Medicare Supplement Open Enrollment Period. This starts when you’re 65 years old or older and you have Part B Medicare. This implies that during this six month time period you can’t be turned down for this insurance for any health reason and you can’t be charged a premium that is 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 Philadelphia, PA!