Medicare supplement insurance plans in Pittsburgh, Pennsylvania 15235, Allegheny 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 which will fit your own personal needs if you are already on Medicare or if you’re planning to become eligible for Medicare in the near future. There are still planning to be out of pocket expenses which you may not want to need to pay for when it comes to the original Medicare which includes Parts A and B. This is 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’ll be going over here are plans F, G, and N.
Private insurance companies offer each of the supplement plans 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 be standardized according to each 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 exactly 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 most people because it offers a lot more coverage than other supplement plans. It’s important to notice there are two different types. There’s the standard Plan F and another one that’s the same benefits as the standard but comes with a higher deductible. This implies if you were to choose the higher deductible before the coverage would begin, which 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 together 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’re in a skilled nursing facility it’ll 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 you’ll be required to pay for all of the out of pocket costs the original Medicare does not 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 will be the most expensive plan, however, in case 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 as that of Plan F. There’s one exception, however, it will not cover the deductible for Medicare Plan B. What this means is that whenever you go with Plan G you will still need to pay the yearly standard Part B deductible. That deductible in 2017 was $183. Therefore, should you not mind paying for this amount that is deductible, Plan G could be a good option to consider when it comes with good benefits to supplemental plans.
You need to know they are the only two Medigap plans that do this and that both these plans do cover all excess charges that will accrue with Part B Medicare. These excess costs are the actual difference between what a doctor actually charges because of their medical service and what the Medicare amount that is approved 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 exactly 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 but there are a couple of exceptions which you need to be aware of when looking at this particular plan which 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 implies is that you would be responsible for paying for these differences. It has another difference, despite the fact that it will pay 100% of the coinsurance of Medicare Part B most of the time, as it pertains to Plan N, there may be exceptions. Those differences are you will be required to pay a copay of up to $50 for some ER visits that don’t end up with admission to the hospital and that you sometimes need to pay as much as $20 for some office calls.
Best Time to Enroll in Some of These Plans
If you might be considering signing up for these Medigap plans you should know that the best time to enroll in any of these would be during what is recognized 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 is a six month time period that provides 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 Pittsburgh, PA!