Some benefits of having a Medicare Supplement Plan are:
You can protect yourself with 100% coverage – You can choose a plan that completely covers all deductibles, co pays and out of pocket costs
There are no networks - And referrals are not necessary. You can be treated by any doctor or hospital that accepts Medicare patients anywhere in the U.S.
You are guaranteed coverage – Meaning there is no medical underwriting during your initial Open Enrollment period. During this period, insurance companies cannot review your medical history to expose any pre-existing conditions in order to increase your premiums or deny you coverage altogether.
Additionally, your plan can never be cancelled as long as your premiums are paid
There are no approvals necessary - Unlike a Medicare Advantage Plan, where your plan decides what tests, procedures and services are covered, a Medicare Supplement Plan covers any and all tests and procedures so you and your doctor can decide what course of action is medically best for you.
There are no pre-certification requirements for any services, procedures or supplies.
Plans are standardized – Medicare Supplement Plans have standardized benefits across each Plan Letter.
For example, a Medigap Plan F has the exact same benefits regardless of which state you live in or which insurance company you buy it from (exceptions are MA, MN and WI).
So once you’ve decided on the Plan Letter that best suits your health care needs, the only decision left is to find the best price.
Medicare Advantage Plans
Medicare Advantage Plans replace Original Medicare and usually provide more coverage than Parts A and B
Premiums are low cost and sometimes $0 depending on where you live
Many plans offer Part D prescription drug coverage as well as coverage for vision, dental, hearing and memberships to fitness programs.
However there are some disadvantages with Medicare Advantage Plans such as ….
You do not have 100% coverage - There are co pays, deductibles and medical services that are not covered which can add up to more than $6,700 a year in out-of-pocket costs
You are restricted to a network – In order to be covered you must be treated by doctors and hospitals that are in your plan’s network and Referrals are normally necessary.
Your plan can be cancelled – Plans and Networks are subject to change every year. Additionally your Part D coverage is also subject to change every year
Your plan decides what services are covered – Your Plan determines what tests and procedures are approved. Not your doctor.
Here’s where we come in
We’ll start by asking few simple questions to decide what you’ll need from your Medicare Plan
- -What type of Plan do you currently have?
- -What do you like about your coverage?
- -What would you add to your current coverage to make it ideal?
We’ll walk you through various Plans and pinpoint which one best suits your lifestyle and health needs.
Want to know more Call us now 1(888)357-5020 and get the education and guidance you need.
We are a leading resource throughout the country for Medicare Knowledge and Guidance. Our mission is to educate people about their options and empower them to make Medicare choices that are right for them.
