MEDIGAP360's Posts (69)

Medicare Supplemental Plan L

Medicare Supplement Plan L offers many of the same basic benefits as other Medicare Supplement insurance plans, but provides you with a much lower monthly premium. In exchange for a lower premium, Plan L covers less of the copayments and coinsurance than other Medicare Supplement plans. As well, each plan offers an out-of-pocket maximum, which limits the amount you will pay annually.

Typically, Medicare Supplement Plan K offers a lower monthly premium than Plan L, but offers higher co-payments and a higher annual out-of-pocket limit.

Medicare Supplement Plan L is a good option if you seek a Medicare Supplement policy with an affordable premium, but still want a reasonable amount of coverage for a wide variety of services. This plan is similar to Plan K, except it covers a higher percentage of your costs, offers a lower annual out-of-pocket amount and out-of-pocket limit,a slightly higher monthly premium.

Medicare Supplement Plan L Coverage:

  • 100% Coverage for Part A hospitalization coinsurance, plus coverage for 365 days after Medicare benefits end

  • 75% Hospice out-of-pocket cost sharing

  • 75% of Medicare-eligible expenses for the first three pints of blood

  • 75% Part B coinsurance, except for preventive care services, which are covered 100%

  • 75% Coverage for Skilled Nursing Facility coinsurance

  • 75% Coverage for your Medicare Part A Deductibles

  • $2,310 out-of-pocket Annual Limit

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Medicare Supplemental Plan K

Plan K completely covers the cost sharing for Part B preventive services, the Part A hospital co-insurance and an additional 365 days of hospital coverage.

Plan K also covers 50% of the Part A and Part B blood deductibles, the Part B co-insurance, the skilled nursing facility co-insurance, cost sharing associated with the hospice benefit, and the Part A hospital deductible.  Plan K also covers 100% of all cost sharing under Medicare Parts A and B for the rest of the calendar year once a beneficiary reaches an out-of-pocket limit of $4000.

 

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Medicare Supplemental Plan G

Medicare Supplement Plan G is a semi-popular Medigap plan as it covers most of the big expenses approved by Medicare Insurance.

The only time you will have to pay the gaps left by Medicare Part A and Medicare Part B is for the Medicare Part B calendar year deductible. Other gaps in coverage left by Medicare Supplemental Insurance Plan G is for services not covered by Medicare such as 20% of Part B Excess Charges and Preventative Care. Medigap Plan G does pay for At Home Recovery which is not approved by Medicare Insurance.

Covered by Medicare Supplemental Plan G

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Skilled Nursing Coinsurance

  • Part A Deductible

  • Part B Excess

  • Foreign Travel

Not Covered by Medicare Supplement Plan G

  • Part B Deductible

Medigap Plan G will provide you with most of the supplemental insurance coverage you need and often at affordable Medigap rates compared to Medicare Supplement Plan F. However, it is important to shop around to find the best value between all plans (especially the most comprehensive Medicare Supplement Plans F) before making a purchasing decision.

To compare rates on multiple Medicare Supplemental Insurance Companies and Plans simply fill out the form to the right to get started. Or, if you need the assistance of a licensed Medicare Supplement Insurance Specialist you can call (888) 875-4463 today.

 

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Medicare Supplemental Plan F

Medicare Supplement Plan F is a standardized Medicare Supplemental Insurance Plan that is available in most states. From our experience the Medigap Plan F has become the most popular of all Medicare Supplement Plans as it contains comprehensive coverage for everything Medicare Insurance doesn’t cover as long as the charge is approved by Medicare Insurance.

In short, if Medicare Part B or Medicare Part A pay a penny on a doctor or hospital charge, Medicare Supplement Insurance Plan F will pay whatever is left.

This Comprehensive Coverage makes Medicare Supplement Plan F very attractive. Of all Medigap Plans that supplement Medicare Insurance, Medicare Supplemental Plan F is owned by more people than any other Medicare Supplement Insurance Plan.

Below are the eight gaps covered by Standardized Medicare Supplemental Insurance plans. 6 of these 8 gaps are covered by Medicare Supplement Plan F. The two gaps that aren’t covered (At Home Recovery and Preventative Care) are not covered by Medicare Insurance at all.

Covered by Medicare Supplemental Plan F

1) Basic Benefits:

  • Part B Coinsurance (Generally 20% of outpatient expenses)

  • Hospital Coinsurance

  • 365 Additional Days Hospitilization Coverage

  • Blood Deductible Coverage

2) Skilled Nursing Coinsurance

3) Part A Deductible

4) Part B Deductible

5) Part B Excess

6) Foreign Travel

Medicare Supplement Plan F is very popular because of its comprehensive coverage for procedures covered by Medicare Part A and Medicare Part B. However, some people find a more complete coverage option in Medicare Supplemental Plan J and even sometimes at a lower premium.

However, for those who wish the peace of mind of knowing all Medicare approved procedures will be covered and don’t mind taking on the risks involved for At Home Recovery and Prevenative Care, Medigap Plan F can be a tremendous choice. It is important to shop around for different Medicare Supplement Plans including the most comprehensive (Plan J) before making a final decision. As Medicare Supplemental Insurance Companies base Medigap rates on many different factors, more coverage does not always mean lower premiums and lower premiums does not always mean less Supplemental Insurance coverage.

To compare Medicare Supplement Insurance rates and plans from top rated insurance companies in your area, simply fill out the form to your right or call today at (888) 875-4463.

 

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Medicare Supplemental Plan D

Medicare Supplement Insurance Plan D covers most of the high risk areas not covered by Medicare Insurance. A Medicare Supplemental Plan D can sometimes be less expensive than other more comprehensive plans such as Medigap Plan J or Medigap Plan F but leaves gaps in coverages that these other plans don’t.

Medicare Insurance Recipients who choose Medicare Supplemental Plan D often do so because they don’t feel they need coverage for the Part B Deductible, Preventative Care and Part B Excess Charges and wish to save money on their premium by taking lesser coverage. Before purchasing a Medicare Supplement Plan D, make sure to compare rates on more comprehensive Medicare Supplement Plans such as Medigap Plan F or J. Often by shopping different Medicare Supplemental Insurance Companies you can find a more comprehensive Medicare Supplement Plan for at lower rates.

Covered by Medicare Supplemental Plan D

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Skilled Nursing Coinsurance

Part A Deductible

Foreign Travel

Not Covered by Medicare Supplement Plan D

  • Part B Deductible

  • Part B Excess


Medigap Plan D is only recommended on very rare occasions. For most people, you are better off with a more comprehensive Medicare Supplement Plan such as Medicare Supplemental PlanF or J.

 

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Medicare Supplemental Plan C

Medicare Supplement Insurance Plan C covers every penny of what Medicare Insurance approves, up to the payment amount Medicare Insurance approves.

In other words, there are only two instances in which Medicare Supplement Plan C will not cover what is left of your charges after Medicare Insurance pays.

  1. When Medicare doesn’t approve the charge at all.

  2. When your provider charges more than the Medicare Insurance Approved amount. This is because Medicare Supplement Plan C does not cover Part B Excess Charges as shown below.

 

Covered By Medicare Supplemental Insurance Plan C

1) Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

2) Skilled Nursing Coinsurance

3) Part A Deductible

4) Part B Deductible

5) Foreign Travel

Not Covered By Medicare Supplement Insurance Plan C

6) Part B Excess Charges

Medigap Plan C is a good Medicare Supplement Plan to have and many find it to contain complete coverage when their physicians accept Medicare assignment and all their procedures are approved by Medicare Insurance. Before purchasing Medicare Supplemental Plan C, however, Compare the premiums to Plan F and Plan J through multiple Medicare Supplemental Insurance Companies to see if you can get additional benefits for a similar or even lower premium.


To compare rates and plans on Medicare Supplemental Insurance from top rated insurance companies in your area, simply fill out the form to the right or call today to speak with a Licensed Medicare Supplement Insurance Specialist at (888) 875-4463.

 

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Medicare Supplemental Plan B

Standardized Medicare Supplement Plan B is available in most states. It covers Basic Benefits as described below and Skilled Nursing Co-Insurance but nothing else. In some rare cases, the premium for a Medicare Supplemental Plan B may make it worth taking on the risk of those things not covered. However, most people find a better alternative than Medigap Plan B by choosing Medicare Supplement Insurance Plans D, G, H or I at a similar price when they shop around for Medicare Supplement Insurance.

An even better option is to Compare Rates on Medicare Supplement Plans F and J as they offer the most comprehensive coverage and often at prices similar or even less than the above mentioned plans.

Covered by Medicare Supplement Plan B

Basic Benefits:

  • Part B Coinsurance (Generally 20% of outpatient expenses)

  • Hospital Coinsurance

  • 365 Additional Days Hospitilization Coverage

  • Blood Deductible Coverage

  • Skilled Nursing Coinsurance

Not Covered by Medicare Supplemental Plan B

  • Part A Deductible

  • Part B Deductible

  • Part B Excess

  • Foreign Travel

Medigap Plan B is rarely the best alternative but it is important to shop around to find what plans and premiums for Medicare Supplement Insurance that supplements your Medicare Insurance Coverage best at a price that you can afford.

To compare rates on multiple Medicare Supplemental Insurance Companies, simply fill out the form on the right or call today to speak with a Licensed Medicare Supplement Insurance Specialist at (888) 875-4463.

 

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Medicare Supplemental Plan A

Medicare Supplement Plan A is required to be offered by all Medicare Supplemental Insurance Companies who wish to offer Medicare supplemental insurance to cover what Medicare Insurance doesn’t cover.

Though Medicare Supplemental Plan A covers less than all other standardized Medicare Supplement Insurance Plans, those on a budget or those who are covered by Medicare Insurance due to a disability find it to often be a good option.

Medicare Plan A covers only the Basic Benefits portion of standardized Medicare Supplement Insurance Plans.

Before purchasing a plan A, be sure to compare rates on Medicare Supplement Plans J and F to see if these more comprehensive Medicare Supplemental Insurance Plans will work better for you.

Covered by Medicare Supplement Plan A

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Not Covered by Medicare Supplemental Plan A

Skilled Nursing Coinsurance

Part A Deductible

Part B Deductible

Part B Excess

Foreign Travel

Most Medicare Insurance recipients find it in their best interest to find more comprehensive Medicare Supplemental coverage than that offered by Medicare Supplement Insurance Plan A. However, for many people who are on Medicare Insurance due to a disability, those under age 65, this may be one of their only options as many Medicare Supplemental Insurance Companies don’t offer any of the other plans to people on disabilities.

Others who find Standardized Medigap Plan A suitable are those who only wish to cover their most important expenses and wish to take on some risk themselves.


To find compare multiple Medigap Insurance Companies Rates on Plan A and many other Plans, simply fill out the form to the right or call today to speak with a Licensed Medicare Supplemental Insurance Specialist today at (888) 875-4463.

 

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Saving Money on Medicare Supplemental Insurance

  1. How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?
     

  2. Which Medicare Supplemental Insurance Policy is the Best?
     

  3. What Should I Consider When Choosing a Medicare Supplemental Insurance Company?
     

  4. How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?
     

  5. How do I Change My Medigap Plan in Order to Save Money?
     

  6. If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?
     

  7. When Should I Make My Medigap Policy Effective?
     

  8. What is the Fastest Way I Can Get Covered and Start Saving Money?

1. How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?
We make it easy for you at Medigap360. All you have to do is request a multi-company Medicare Supplemental insurance rate analysis from our website.

2. Which Medicare Supplemental Insurance Policy is the Best?
From our experience we have found plan F and plan J to be the most popular. However, many people have found plan D, G, E, H and I very economical. It always depends on your particular situation and risk tolerance. If you are having trouble deciding, one of our licensed Medicare Supplemental insurance specialists will be happy to assist you in finding the best plan for you.

3. What Should I Consider When Choosing a Medicare Supplemental Insurance Company?
Though all companies offer similar standardized plans there can still be some differences. You want to make sure that you are purchasing from a licensed insurance company in your state with an approved Medicare Supplemental insurance policy. Other things you may want to consider is if the company puts a waiting period on pre-existing conditions and if that applies to you. Financial strength is also important. Do not be too concerned if you haven't heard of the company before, there are many insurance companies out there that are very dependable that don't spend tons of money on advertising to make their name known.

4. How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?
We hope, first of all that you find the information on this site to be helpful. We feel that we have put together the most comprehensive website on Medicare Supplemental insurance information in the country. Furthermore, we have taken painstaking measures to present it in a way that is easy to understand and will help you to make the right money saving decisions about your Medicare Supplemental insurance coverage and be able to get back to your life. However, we know that all this information can be overwhelming when you don't do this for a living like we do. We will be happy to help you in any way we can. You can call our toll free number and talk to a licensed Medigap specialist and we will help to educate you in deciding what the very best policy is for you and your family and we can even help you to enroll. You'll find our specialists to be the most knowledgable in the industry because all we have been doing since 1984 is helping seniors save money on their Medicare Supplemental insurance while ensuring comprehensive coverage.

5. How do I Change My Medigap Plan in Order to Save Money?
If you already have a Medicare Supplemental insurance policy you most likely will be able to change to another policy if you find a lower premium. In most cases, you will be able to change without any waiting periods or loss of one day of coverage. However, this must be handled properly with the assistance of a licensed agent. If you would like to see if you are eligible to save money on your Medigap premiums, simply fill out our simple rate analysis inquiry or call us toll free at (888) 875-4463 and we will be able to determine if changing is right for you. If it is, we can guide you through every step of the process to make sure you save the most amount of possible without any gaps in your Medicare Supplemental insurance coverage.

6. If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?
In most cases you will not. Medicare Supplemental insurance providers have the option to put up to a 6 month waiting period on pre-existing conditions. If you are subject to this waiting period then previous conditions that you had before applying for coverage may not be covered. However, any new conditions that arise will be covered immediately.

Some companies exercise this option and some don't. However, if you have been covered by a previous Medigap policy or other creditable coverage for the length of the companies waiting period, that waiting period will be deemed as satisfied and you will have coverage from day one. Furthermore, no Medicare Supplemental insurance company is allowed to have any exclusions to their coverage for past medical conditions beyond the pre-existing conditions waiting period. That means that if a company issues you a policy, they cannot exclude certain medical conditions that you have. If they issue you a policy and you are not subject to a waiting period on pre-existing conditions, they will have to cover all conditions old and new.

7. When Should I Make My Medigap Policy Effective?
If you are just now becoming eligible for Medicare you should make the effective date as soon as possible but no earlier than the effective date of Medicare Parts A and B. If you are replacing coverage, you should apply in time with a future effective date long enough out to recieve and review your policy before the effective date of coverage. This will give you time to make sure your transaction was handled properly and that the right policy was issued before cancelling your existing coverage.

8. What is the Fastest Way I Can Get Covered and Start Saving Money?
The fastest way is to call and speak with one of our licensed Medicare Supplemental insurance specialists at (888) 875-4463. They will be able to evaluate your situation, determine the best plan of action for you and help you get started.

 

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