Medigap Plans in Philadelphia, Pennsylvania 19187, Philadelphia 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 more than likely feel a little overwhelmed as it pertains to picking plans that will fit your own personal needs, if you’re on Medicare or if you’re 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. This really is where the supplemental plans come into play. The ones we are going to be going over here are G plans F, and N.
Private insurance companies offer all the supplement plans around the country as well as the prices of those plans will vary from one insurer to another. However, the benefits that you reap from each plan will 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 opt to deal with.
Medicare Supplement Plan F
Plan F tends to be a very popular pick for many people because it actually offers much more coverage than other supplement plans. It is important to notice there are two different types. There is the standard Plan F and another one that’s the same benefits as the standard but comes with a much higher deductible. This means if you were to choose the higher deductible prior to the coverage would even begin which you would need to first pay a certain amount of money.
Benefits which can be included with the Plan F include all of the following:
Part A Medicare coinsurance together with hospital costs as well as 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 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 is going to cover the coinsurance amounts which may be required. Will cover any emergency coverage that may be needed during foreign traveling.
Should you decide that you just want to pick the higher deductible plan then you will be required to pay for each of the out of pocket costs that the original Medicare doesn’t cover until you’ve 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.
Since Plan F does offer the largest amount of benefits it will be the most expensive plan, however, should you shop around you could find a plan that is less expensive.
Medicare Supplement Plan G
This particular Medigap plan is one that offers many of the same benefits. There’s one exception, however, it does not cover the deductible for Medicare Plan B. This means 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 when it comes to supplemental plans to consider.
You should know that both of 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 what a doctor charges for their medical service and exactly what the approved Medicare amount is. These professionals are considered to be non-participating providers and they may be allowed to 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 expected to pay out of their own pocket.
Medicare Supplement Plan N
This is really a supplemental plan that offers a lot of the same benefits as the Medigap Plan F but there are a few exceptions that you ought to be aware of when looking at this particular plan which is listed below:
Plan N doesn’t 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’ll be responsible for paying for all these differences. It has another difference, despite the fact that it does pay 100% of the coinsurance of Medicare Part B most of the time, when it comes to Plan N, 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 which don’t end up with admission to the hospital and that you need to pay just as much as $20 for some office calls.
Best Time to Enroll in Some of Those Plans
If you are considering signing up for any of these Medigap plans you need to know the best time to enroll in any of them would be during what’s 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 means 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’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 Philadelphia, PA!