Medigap Plans in Pine Forge, Pennsylvania 19548, Berks 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 are planning to become eligible for Medicare you more than likely feel a little overwhelmed as it pertains to picking plans that are going to fit your own personal needs. You will find still going to be out of pocket expenses which you might not want to have to pay for, as it pertains 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’ll 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 are going to be going over here are plans F, G, and N.
Each of the supplement plans is offered by private insurance companies throughout the country and the prices of those plans will vary from one insurer to another. The benefits which you reap from every plan will undoubtedly be standardized according to every letter of the plans that are offered. What this means that say for instance you choose Plan F, the coverage that the plan offers will be exactly 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 is important to notice that there are two types that are different. There’s the standard Plan F and another one that has the same benefits as the standard but comes with a much higher deductible. This implies if you were to choose the higher deductible that you simply would need to pay a certain amount of money before the coverage would even begin.
Benefits which can be included with all the Plan F include all the following:
Part A Medicare coinsurance along with hospital costs along 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 will cover the coinsurance amounts that might be required. Will cover any emergency coverage that may be needed during foreign traveling.
If you decide which you 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 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.
Since Plan F does offer the largest amount of benefits it is going to be the most expensive plan, however, in the event you shop around you could find a plan that is less expensive.
Medicare Supplement Plan G
This particular Medigap plan is one that offers several of the same benefits. There’s one exception, however, it doesn’t cover the deductible for Medicare Plan B. What this means is that whenever 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, should you not mind paying for this deductible amount, Plan G could be a good option to consider when it comes to supplemental plans with benefits that are good.
You should know they’re the only two Medigap plans that do this and that all excess charges that will accrue with Part B Medicare are covered by both of these plans. These excess costs are the actual difference between what a doctor charges for his or her medical service and what the approved Medicare amount is. These professionals are considered to be non-participating providers and they’re allowed to 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 from their own pocket.
Medicare Supplement Plan N
This really is a supplemental plan that offers a great deal of the same benefits as the Medigap Plan F but there really are a few exceptions which you need 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 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 these differences. As it pertains to Plan N, it has another difference, even though it does 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 as much as $20 for some office calls and you also can be required to pay a copay of up to $50 for some ER visits which don’t end up with admission to the hospital.
Best Time to Enroll in Some of Those Plans
If you happen to be considering signing up for some of these Medigap plans you should know that the best time to enroll in some of them would be during what is known as the a Medicare Supplement Open Enrollment Period. This starts when you are older or 65 years old and you have Part B Medicare. This can be a six month time period that provides you with a special right to join any kind of Medigap plan that’s offered by any insurer in your area. This time period offers you a guaranteed issue. 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 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 Pine Forge, PA!