Shopping for Medicare Supplemental Insurance Coverage in Texas

Texas Medicare supplemental insurance plans are series of insurance policies created to cover the gaps in medical expenses left by Medicare.

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Medicare is a government program while private insurance companies supply Texas Medicare supplement plans. Although being private enterprises, they are still heavily regulated by Federal and state laws to ensure adequate protection for patients.

As the Medicare program will only cover regular doctor visits and some hospitalization, it does not provide for copayments, prescriptions, coinsurance, some procedures, or deductibles.

The Texas Medicare supplement insurance policies can help to bridge the gap left by Medicare coverage. Once you turn 65, you have what is called an Open Enrollment Period. If you are enrolled in Medicare Part B and have joined a Medigap plan within six months, the insurance company is required by law to give you coverage. So, be sure to enroll in a supplemental plan as soon as you can.

Due to the regulation by Federal and state laws, all insurance companies must offer the same benefits on each policy over all 50 states. However, this does not mean that all plans are available in all states.

In total there are 19 plans available, which are identified by the letters A through to N. Some policies have been dropped for new enrollees, which includes policies E, H, I, and J, but those with existing policies can continue to benefit from them.

Currently, Texas insurance companies are offering the plans A, B, C, D, F and G, and K through N.

State and Federal laws do not regulate the cost of Medigap coverage so costs can vary significantly among providers. Insurance companies are permitted to offer all ten available Medigap policies to seniors in Texas, as well as others who qualify for Medicare.

There also additional laws to ensure companies also offer insurance to every qualified senior while disregarding any and all pre-existing conditions.

Learn more about Texas Medicare Supplemental Insurance rates, plans, and more at http://www.emedicare-supplemental-insurance.com/medicare-supplement-plans-texas.  Our Texas Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Texas.  To talk to an expert in Texas Medicare coverage toll free 888.404.5049 today!

How to Choose a Medicare Supplemental Insurance Plan

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We live in a world with an aging population. Every year more people in the United States are passing the age of 65. This means they now qualify and can take advantage of all that Medicare offers. If you’ve hit the magic number now is the time to carefully consider what you want to include in your Medicare supplemental policy.

Before you turn 65, and every year after, you will receive mail about Medicare, the different rates they offer. Plus any changes that have happened recently such as new benefits being included or taken away. This information will go a long way towards helping you decide if you want to make use of Medicare.

If you do choose to opt in you will also want to consider the various supplemental policies on offer (otherwise known as medi-gap policies). Many 65-year-olds often find they do not have adequate cover under Medicare, which is why Medigap policies are so important.

Medicare supplemental plans can save you a lot of money if you are forced to endure an extended stay in the hospital, or a medical emergency suddenly arises that is not covered by your standard policy.

There are several ways you can compare plans from the companies offering medi-gap policies. The easiest is to review the mail you receive on a regular basis or use or free online tool (hyperlink to website).  Companies offering supplemental policies will give you all the information you need on what the plan offers, and most will also include a chart to make comparisons relatively straightforward.

Another way to find the information you need is to hop online and research the companies offering the insurance policies that suit your circumstances. You will be able to find the best rates quickly and easily using this method.

If you’re not up to doing the research yourself, there are insurance brokers who can help you find the best Medicare supplemental policy at the best rates. This method will incur a small cost as agents usually operate on a commission basis, but they may also be able to save you a lot of money, as they can also use their clout to get great deals.

Learn more about Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com.  Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans.  To talk to an expert in Medicare coverage toll free 888.404.5049 today!

 

5 Ways to Get the Most From Medicare

Healthcare is among the largest expenses in retirement, but making smart decisions about Medicare coverage early can help down the road, says contributor Mark Miller.

Looking for ways to save money in retirement? Start with Medicare.

A healthy 65-year-old couple retiring this year can expect to spend $322,000 (today’s dollars) on Medicare premiums and dental insurance, according to Healthview Services, a maker of healthcare cost projection software. Add in deductibles, copays, hearing, vision, and dental cost sharing, and that figure rises to $404,000.

And healthcare costs are expected to rise an average annual rate of 5.47% for the foreseeable future, according to Healthview. That is almost triple the recent historical U.S. inflation rate and more than double the annual projected Social Security cost-of-living-adjustments.”Historically, healthcare always has been a multiplier of U.S. inflation,” says Ron Mastrogiovanni, Healthview’s CEO. “It’s been fairly consistent.”Those figures leave little doubt that sharpening up your pencil (or its digital equivalent) makes sense. Let’s consider five ways to optimize Medicare coverage, especially at initial enrollment–the point where many of the most costly mistakes occur.

1. Get Your Enrollment Timing Right

Most people need to enroll in Medicare during a seven-month initial enrollment period that begins three months before their 65th birthday and ends three months after.If you already are receiving Social Security benefits at age 65, enrollment in Part A (hospitalization) and Part B (outpatient services) is automatic–you’ll receive a Medicare card in the mail with instructions on how to decline Part B if you don’t want it. Whether you should do so depends on what other insurance coverage you may have, and its source.”We hear of a lot of mistakes about whether or not to take Part B at age 65,” says Casey Schwarz, senior counsel for education and federal policy at the Medicare RIghts Center, a nonprofit consumer advocacy group. “That can be really costly.”Schwarz refers to the lifetime penalties seniors pay if they don’t enroll at the right time. For each 12-month period that you should have been enrolled in Part B, you will pay a 10% premium penalty when you do enroll–and that is a lifetime penalty. So getting the timing right is important.If you are working at age 65 and have health insurance on the job, your employer remains the primary payer if the firm employs 20 or more workers. In this situation, you can delay enrolling in Part B without penalty and continue without the coverage so long as you work. Be careful to document that you had this coverage in case of any dispute with Medicare later on over penalties. If you work for a smaller firm, Medicare is the primary payer and you should enroll in Part B.If you are enrolled in a high-deductible health insurance plan at work and use a health savings account, note that contributions to the HSA must stop when you join Medicare.The Affordable Care Act also has caused some confusion around Medicare sign-up. Some people with coverage through the ACA marketplace exchanges mistakenly thought they could keep that coverage rather than sign up for Medicare at age 65. Any premium subsidies on ACA policies end when enrollees become eligible for Medicare, and ACA enrollment does not protect you from Medicare late enrollment penalties.Insurance companies selling policies on the exchanges are forbidden from canceling coverage for people in these situations, but have been issuing warnings via email. Recently, Medicare said it will temporarily waive late enrollment penalties for people in this situation

2. Prescription Drug Coverage–or Not?

Medicare Part D (prescription drugs) also carries late enrollment penalties, but the math here is less onerous. The penalty is 1% per month of late enrollment tacked onto your drug plan premium. Seniors who don’t have major prescription drug needs might be smart to wait to enroll, argues Philip Moeller, author of Get What’s Yours for Medicare: Maximize Your Coverage, Minimize Your Costs.”Right now the average drug plan costs $40 per month–even if you were five years late, the lifetime penalty wouldn’t be too painful to bear,” he says.Moreover, Moeller notes that seniors using inexpensive generic drugs might do well to simply pay for them out of pocket and forego prescription drug insurance.”In many cases you can get equal or better deals on drugs at the big retailers. Even some of the expensive drugs have manufacturer support programs that are not available to people enrolled in Part D,” he said.However, Moeller encourages enrollees to take the long view when making Medicare choices.”You should insure your future self, not who you are now. Many people are very vigorous at age 65, but that won’t be the case down the road. Ask yourself, if something adverse happens down the road, what kind of insurance should I have in place? You should make that decision now,” he said.

3. Traditional Medicare or Advantage?

Another key decision at the point of initial enrollment is the choice between traditional fee-for-service Medicare and Medicare Advantage, the managed care alternative.The traditional fee-for-service program remains the gold standard–it allows you to see any healthcare provider who accepts Medicare. But coverage is chosen from an a la carte menu of insurance choices (Part B, Part D prescription drug coverage, and a Medigap supplemental plan, which caps out-of-pocket costs and supplements Medicare’s basic coverage).Advantage is a managed care option that rolls the parts of Medicare into an all-in-one option. Enrollees often save some money with Advantage–many plans carry no additional prescription drug premium, and Medigap plans are not used by Advantage enrollees. The trade-off: you are limited to using the providers in the network assembled by the plan provider.Medicare enrollees can shift between the options during the annual fall enrollment period. But if you’re inclined to use the traditional program, you probably will want to add a Medigap policy, which covers deductibles, coinsurance, and copayments not paid by Parts A and B, and is available only to enrollees in the traditional program.There are major advantages to buying a Medigap plan during the initial enrollment period. During this time, the private insurance companies that sell Medigap cannot turn you down or charge higher premiums due to your health status.”When you first enroll, that may be your only shot at buying Medigap at the best price,” says Schwarz. “If you enroll outside that protected period of time, insurance companies can create a personalized premium just for you based on your health status, or they can decline to write a policy for you at all.”Medicare Advantage is rising in popularity, but think carefully about the network restrictions before you choose this route.Advantage enrollees can review lists of in-network providers before opting into a plan. However, a recent study by the Kaiser Family Foundation found that provider data often is very difficult to review, can be out of date, and frequently contains inaccurate information. Kaiser’s review also found shortcomings in the quality of providers in some Medicare Advantage provider networks. One out of every five plans did not include a regional academic medical center–institutions which usually offer the highest quality care and top specialists.”The network adequacy issue is huge,” says Moeller. “If you are considering an Advantage plan, make sure that you will be satisfied with the providers and quality of care.”He adds that retirees who travel frequently, or who split their time between more than one location, may want to think twice about choosing Advantage.”There usually are geographic restrictions on coverage, although some have started to include portability features,” he says.

4. Beware High Income Surcharges

High-income seniors pay stiff premium surcharges for Part B and Part D. The surcharges are paid by individuals with modified adjusted gross income of more than $85,000 in annual income and joint filers above $170,000. This year, the monthly surcharge amounts start at $53.50 and top out at $294.60.The Social Security Administration determines if you must pay the premium surcharge, using your most recent tax return. Eligibility is determined using a definition of modified adjusted gross income that includes the total of your adjusted gross income and tax-exempt interest income. If your modified adjusted gross income is higher than the income threshold in any given year, you’ll get a letter from the SSA indicating your premium.Exemptions are granted for “life-changing events,” and Moeller notes that retirement qualifies under that definition.”It’s important to understand that the MAGI definition has a two-year lag time, so your 2016 W-2 form drives your 2018 premium. Let’s say you have retired since 2016 and the government claims you owe a large surcharge. You can file an exception request.” (You can find the exemption request form here.)In some cases, avoiding the surcharges can fit into a broader plan for efficient drawdown of retirement income. The plan would take into account timing of your Social Security claim and when income is taken from taxable and tax-deferred accounts.

5. Check and Recheck

Once you’re enrolled in Medicare, look for annual mailings from any private plan provider you use indicating changes in coverage. This is critical for Part D and Medicare Advantage enrollees; if coverage changes for the coming year will have an adverse effect on you, consider changing plans during the enrollment period.

Original Source: http://news.morningstar.com/articlenet/article.aspx?id=814137
Original Author: Mark Miller
Original Date: 7-5-17

The Basics In Medicare Supplemental Insurance Plans In Arizona

What you need to know about Arizona Medicare Supplemental Insurance Plans!

Arizona Medicare Supplemental Insurance offers assistance in helping people cover their medical costs by filling gaps in their original plans. These polices can help pay for premiums, deductibles, coinsurance and services not covered by basic Medicare. With so many activities to enjoy from golf to mountain recreation, seniors have many opportunities to live a full life in Arizona.

To protect seniors, all Medigap polices sold in Arizona are standardized. Beneficiaries wishing to add coverage to their parts A & B plans may choose to do so through a Medicare Supplemental Insurance plan in Arizona. These supplemental plans help fill in the gaps left by Medicare, these plans are nicknamed “Medigap”.

Coverage might include out-of-pocket cost such as deductibles, coinsurance and copayments. Hospice or additional hospital coverage might be added as well. Medicare Supplemental plans in Arizona are not independent and therefore may only be purchased in combination with Original Medicare Parts A & B. Those who wish to get stand-alone coverage other than Medicare might want to look into the Medicare Advantage program.

A person from age 65 may choose from a variety of Medicare supplement plans in Arizona, which are all classified by a letter. There are 10 standardized plans available in Arizona. Each plan offers the same benefits regardless of the private insurance company offering it. The most common plan is letter F. This plan is available in Arizona!

All of the same-lettered plans will offer similar benefits but the cost and out-of-pocket expenses will vary from company to company. However, we shop around and have great prices. Coverage does not generally include additional care such as vision, hearing, or dental, although additional benefits, like coverage while traveling outside the country, may be offered. Another thing to mention is if you want prescription drug coverage in Arizona, you have to get a separate plan.

It is advisable for beneficiaries to enroll in a Medicare Supplemental plan in Arizona during their six-month Medigap Open Enrollment period. This begins on the first day of the month that you turn 65 years old and enrolled in Medicare part B. During this period, companies are not allowed to deny coverage or charge high premiums to beneficiaries due to pre-existing medical conditions. After the open enrollment period, beneficiaries may also enroll in a Medigap plan, although protections for pre-existing medical conditions no longer apply.

Medicare Supplemental can be expensive for some people who can’t afford it. If a Medigap plan does not fit your budget, there is another way to get full coverage Medicare benefits. It’s called Medicare Advantage, The HMO or PPO plan for seniors. An Advantage plan protects you from the high cost of an illness or injury that requires hospitalization. Original Medicare and Arizona Medigap plans do not cover the cost of your prescriptions. For this you need Medicare Part D.

Basic benefits in Arizona

Hospitalization – Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.

Medical Expense – Part B coinsurance (Generally 20% of Medicare approved expenses) or co-payments for hospital outpatient services. Plans K, L and N require insured to pay a portion of part B coinsurance or co-payments.

Blood – First three pints of blood each year.

Hospice – Part A coinsurance.

 

Learn more about Arizona Medicare Supplemental Insurance Plans , rates and more www.emedicare-supplemental-insurance.com/Arizona. Our Arizona brokers will help you compare supplemental plans and answer any questions you might have. 877-202-9248

Purchasing Medicare Supplemental Insurance In Michigan

Medicare Supplemental Insurance also referred to as “Medigap policies” is health insurance sold by private insurance companies to fill the “gaps” in original Medicare. When you buy a Medigap policy in Michigan, you pay a premium to the insurance company for your plan. The policy will be automatically renewed each year as long as you pay your premium, unless the policy was purchased before 1991. To purchase a Medigap policy one must have Medicare Part A and Part B.

This supplemental insurance can be a great option for people who want extra benefits, want to minimize their out-of-pocket costs, and can afford to pay a monthly Medigap premium in Michigan. Original Medicare pays for many health care services, but it does not pay for all health care costs. There are certain costs that one must still pay, including coinsurance, co-payments, and deductibles. These costs are “gaps” in Medicare coverage. You may want to buy a Medigap policy to cover these gaps in Medicare coverage and save money on your out-of-pocket costs. Some Medicare supplemental insurance also provides extra benefits that aren’t covered by Medicare, Such as routine annual check-ups and emergency health care while traveling outside the United States.

A person under age 65 and already has Medicare may purchase a Medigap policy at any time. In Michigan, insurance companies who sell major medical policies must offer plans A and C to people under 65 with Medicare. Any company selling only supplemental insurance is not required to sell the A and C plans to people under age 65 who have Medicare due to a disability. However, most companies are allowed to charge more because of past or present health conditions. They may also require a six-month pre-existing condition waiting period before they will cover certain health conditions.

 Medicare Advantage

Medicare Advantage plans generally cover many of the same benefits as Medigap policies. For this reason, you should not have a Medigap policy and a Medicare Advantage Plan at the same time. Medicare advantage plans may have lower premiums than Medigap policies. However, you may have yo use a network of providers and pay different co-payments, coinsurance, or deductibles than people with original Medicare.

In conclusion, beneficiaries must understand that Medigap in Michigan is meant to supplement original Medicare, not replace it. A person has to remain enrolled in original Medicare for your hospital and medical coverage, and you’ll need to keep paying your Medicare Part B premium. Medigap plans in Michigan do not offer prescription drug coverage, so if you want to receive such coverage, you may want to consider enrolling in a stand-alone Medicare part D prescription drug plan.

Check out our website at www.emedicare-supplemental-insurance.com or call one of our licensed agents today at 877-202-9248

The Basics in Medicare Supplemental Insurnace Plans In Tennessee

Supplemental Insurance is designed to help beneficiaries of original Medicare’s out-of-pocket cost, such as co payments, coinsurance, and deductibles. Each type of plan offers a different level of coverage, and is named with a different letter (such as Plan A). The plans are standardized, so that all plans of the same letter offer the same benefits. But the premiums can differ among these private insurance companies and some companies may offer additional benefits.

Tennessee Medicare supplemental Insurance

How Tennessee Medicare Supplemental Insurance works

Tennessee residents can purchase a plan from any insurance company that is offering them (Like us!), since they are designed to take charge of the medical costs that Medicare doesn’t cover. Medicare requires that patients pay 20 percent of all of their medical expenses. This cost could be too expensive for beneficiaries, thus after purchasing a supplemental plan in Tennessee; you won’t have to worry about the 20%. The beneficiaries who have purchased a Medigap policy will only be required to pay a small co-payment, or just the premium.

Depending on what plan you pick Medicare Supplemental insurance from Tennessee can cover extended hospital stays, as well as long term stays in a nursing facilities. Also, these plans cover deductibles that are difficult to meet due to financial constraints. Please know that none of these Medigap plans cover prescription drug coverage. For that you will need a separate plan called plan D.

Choosing the right Tennessee Medicare Supplemental Insurance plan

There are only ten standardized plans in Tennessee while different companies will charge different rates, the plans remain the same. Patients must also know that plans offering lower monthly premiums have higher deductibles.

These policies are identified by letters, Plans A, B, C, D, F, G, K, L, M, and N. You can find a chart with all the plans here. It is important to note that pricing on each of these policies differs depending on your age and location. Supplemental plan F offers a high-deductible option. The benefits in any plan A through N will be the same from any insurance company.

You are eligible for Tennessee Supplemental Insurance for Medicare if

  • You are within 6 months of turning 65 or just turned 65
  • You are currently covered under Medicare Parts A and B
  • You are within 6 months of receiving Part B coverage
  • If you are about to lose your group health insurance plan

Apart from looking at cost, it is necessary to figure out which Medicare supplement plans will meet your needs. All 10 of the plans offer different benefits, and it’s imperative that you select the one that will best suite your health needs.

If you are looking for more information on this subject please head over to our website at www.emedicare-supplemental-insurance.com/tennessee-medicare-supplement-plans. From here, you can see a chart of the plans and also look over free quotes. As always, our Tennessee insurance brokers are happy to help with plan information and plan rates. Talk to a expert today toll free at 877-202-9248.

The Basics In Texas Medicare Supplemental Insurance

Texas Medicare ѕuррlеmеnt іnѕurаnсе just lіkе other states, fills in thе gарѕ between what оrіgіnаl Mеdісаrе рауѕ and whаt уоu muѕt рау оut-оf-росkеt fоr deductibles, coinsurance, аnd сорауmеntѕ.  Thеѕе роlісіеѕ аrе sold by рrіvаtе іnѕurаnсе companies thаt аrе licensed аnd regulated by TDI. Mеdісаrе supplement bеnеfіtѕ, hоwеvеr, are ѕеt bу thе fеdеrаl gоvеrnmеnt

Mеdісаrе Suррlеmеnt рlаnѕ іn Texas hеlр cover ѕоmе оf thоѕе еxреnѕеѕ, which mау make health-care соvеrаgе mоrе аffоrdаblе fоr ѕоmе Texas beneficiaries thаt mау find their оut-оf-росkеt expenses and mоnthlу рrеmіumѕ associated with Original Mеdісаrе (Part A and Pаrt B) to bе tоо high for their budgеt.

The best tіmе tо buy Medicare ѕuррlеmеnt іnѕurаnсе іѕ durіng уоur six-month open еnrоllmеnt реrіоd. Yоur ореn еnrоllmеnt period bеgіnѕ whеn you еnrоll іn Mеdісаrе Pаrt B аt аgе 65 оr older. During thіѕ реrіоd, іnѕurаnсе companies саn’t rеfuѕе tо ѕеll уоu a роlісу because of уоur hеаlth hіѕtоrу оr condition. If a реrѕоn should wаіt untіl аftеr ореnіng еnrоllmеnt реrіоd, one might nоt bе аblе to buу a policy іf уоu hаvе a рrе-еxіѕtіng condition.

Mеdісаrе ѕuррlеmеnt роlісу is rеnеwеd automatically еасh уеаr to ensure ѕеnіоr hаvе continuous соvеrаgе. If уоu drор уоur Medicare ѕuррlеmеnt роlісу, it соuld be difficult tо get back, оr one mіght not bе аblе tо buу a nеw policy аgаіn.

Althоugh not everyone needs a Mеdісаrе ѕuррlеmеnt роlісу, іf you hаvе оthеr hеаlth coverage, thе gарѕ mіght already be соvеrеd.  A person might nоt need Medicare supplement іnѕurаnсе іf

  • Yоu have a Medicare Advantage рlаn.
  • A реrѕоn hаѕ grоuр hеаlth insurance thrоugh an еmрlоуеr or fоrmеr employer, іnсludіng gоvеrnmеnt оr military rеtіrее рlаnѕ.
  • Mеdісаіd or the Qualified Mеdісаrе Bеnеfісіаrу (QMB) Prоgrаm pays уоur Mеdісаrе рrеmіumѕ аnd other out-of-pocket соѕtѕ. QMB is a Mеdісаrе ѕаvіngѕ рrоgrаm that helps рау Mеdісаrе рrеmіumѕ, deductibles, сорауmеntѕ, аnd соіnѕurаnсе.

Medicare Basics in Texas 

Original Mеdісаrе hаѕ two раrtѕ. Part A covers hоѕріtаl ѕеrvісеѕ, whіlе Pаrt B соvеrѕ other tуреѕ of mеdісаl expenses. You mау go tо аnу doctor оr hоѕріtаl thаt accepts Medicare.  Mеdісаrе ѕuррlеmеnt роlісіеѕ оnlу work wіth оrіgіnаl Medicare.

Mеdісаrе Pаrt A (hоѕріtаl соvеrаgе) pays fоr

  • hоmе health саrе
  • hоѕрісе саrе
  • in-patient hоѕріtаl services
  • skilled nursing facility саrе аftеr a hospital ѕtау;
  • аll but the first thrее ріntѕ оf blооd еасh саlеndаr уеаr

Mеdісаrе Pаrt B (mеdісаl coverage) pays for

  • medical expenses
  • hоmе hеаlth care
  • оutраtіеnt hоѕріtаl treatment
  • durаblе mеdісаl equipment аnd ѕuррlіе
  • clinical lаbоrаtоrу services
  • рrеvеntіvе hеаlth services, іnсludіng exams, health ѕсrееnіngѕ, and shots

Mеdісаrе Pаrt D (prescription drug соvеrаgе)  pays for gеnеrіс and brand-name рrеѕсrірtіоn drugѕ. Senior can gеt рrеѕсrірtіоn drug coverage by either joining a stand-alone рrеѕсrірtіоn drug plan оr bу buуіng a Medicare Advаntаgе рlаn thаt іnсludеѕ drug соvеrаgе. If уоu hаvе group hеаlth insurance, уоur hеаlth plan mіght аlrеаdу cover рrеѕсrірtіоnѕ.  Inѕurаnсе companies аррrоvеd bу Mеdісаrе offer Pаrt D соvеrаgе.

When Purchasing a Plan

It іѕ аlѕо іmроrtаnt to соmраrе costs of mоnthlу рrеmіumѕ and оut-оf-росkеt expenses bеtwееn dіffеrеnt companies, since thеѕе саn fluctuate. Get quоtеѕ frоm a number of different соmраnіеѕ іn уоur аrеа to ѕее whісh рlаn will bе the mоѕt affordable for уоu. If prescription drug соvеrаgе іѕ a concern, соnѕіdеr enrolling in a Mеdісаrе Pаrt D prescription drug plan to rесеіvе this соvеrаgе wіth your Original Mеdісаrе аnd Mеdісаrе Suррlеmеnt рlаn.

Learn more about Texas Medicare Supplemental Insurance rates, plans, and more at http://www.emedicare-supplemental-insurance.com/medicare-supplement-plans-texas.  Our Texas Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Texas.  To talk to an expert in Texas Medicare coverage toll free 888.404.5049 today!

 

The Basics on Medicare Supplemental Insurance Plans

Basic Information on Medicare Supplemental Insurance

Having basic knowledge on how Medicare Supplemental Insurance works when getting close to the age of 65 can give you better health care, reduce expenses and stress! From age 65, it has been proven that 85% of people suffer from health problems and have a high usage of prescription drugs. The major benefit that people of this age have is their savings, and no one wants to spend their savings on health issues.

The governments Medicare program has helped millions of people obtain health care since 1966. Theses polices include coverage at hospitals known as Medicare part A and at the doctor’s office known as Medicare part B. However, the Medicare part A and part B does not cover prescription drugs, dental, vision or long term care. Medicare Part A & B can have gaps in coverage.

How does supplemental Insurance work?

Medicare Supplemental Insurance offers services either not covered or partially covered by the original Medicare program parts A & B. The benefits of the ten supplemental policies are offered by private insurance companies like us. Supplemental plans help fill in coverage gaps left by Medicare parts A & B.  You have to have Parts A & B of Medicare to get the supplemental Insurance.

There are 10 types of Medigap plans, they are labeled by letters. A, B, C, D F, G K, L, M, and N. Not every insurer offers all 10 plans, and prices can vary, but all the plans are standardized by the federal government. This means from company to company the benefits of the plans remain the same, but the price will be different. We take the time and shop around different companies to get you the best rates!

Who is eligible?

The beneficiary is already entitled to Medicare part A and also needs to be enrolled in part B before they can qualify for Medicare Supplemental Insurance. After the age of 65, participants can easily apply for supplemental insurance. Again, It is important to know each supplemental plan covers the same benefits no matter what company sells it, the only difference is price.

What to learn more about Medicare Supplemental Insurance? Please feel free to browse our website at www.emedicare-supplemental-insurance.com or call us at 877-202-9248.

Medical Supplemental Plans in Texas

Texas offers numerous ways for people to find Medicare supplement insurance. Medicare supplement insurance, often called Medigap, fills in the gaps in your Medicare coverage to pay some of the costs that original Medicare won’t pay. There are a lot of policies and different insurance companies that provide Medicare supplemental insurance plans. It is essential for consumers to know that yearly payments and premiums differ throughout the state based on age, location, and current level of health.

In Texas, the most popular names in the market include Anthem/Blue Cross, Aetna Health, Coventry Health and Humana Insurance. These giant are not alone.  There are dozens of smaller, regional Medicare supplemental insurance companies that Medicare works with to offer supplemental insurance plans including Medicare Part C and Advantage plans.

Finding the right Texas Medicare supplement plan for your health care and budget needs, can be a tough task. Many companies are offering different types of insurance plans that meet the terms for this type of insurance. The problem being that there is often confusion on what you really require and are eligible for. Also, you need to find out what type of plan will be the most beneficial with your current health condition for the lowest cost. This by itself can be a bit overwhelming for people.

Much of the complexity comes from the fact that there are only ten types of plans that may be issued for Texas Medicare supplement plans. They all differ in what they cover and how they affect the money that a person wants to spend. Some are intended for those who are using several expensive prescription drugs, while others are aimed to help people who have intractable illnesses and are already in hospitals or may be entering one soon. Finally, some plans are created to help those in good health who just need to work to maintain it. Each plan is based on Medicare and the areas where it is very limited.

Determining the right Texas Medicare supplement plans for you is further compounded by the rates that different insurance companies charge for the various types of plans. For one person, a plan from Blue Cross Blue Shield of Texas or Mutual of Omaha may do the trick, and for someone else, United HealthCare may work best. Some consumers find Texas Medicare Advantage Plans work while some will see that a traditional supplement plan give the most security. Prices can also vary by zip code, and this makes it challenging for a person to know if they are getting a good price or not. Most people do not have the desire to spend all the time that would be required to completely investigate all the various insurance companies to determine who has the best rates for the plans they think they want.

Companies providing Medicare Supplement plans in Texas may provide one or more of 10 separate plan categories. Each plan type is denoted by a letter of the alphabet, which is standardized under Medigap. This implies that each Plan A offered in the state will provide equal coverage. However, the out-of-pocket expenses will range from company to company and even location to location in the state.

Each county and company will provide a different selection of Medicare Supplement plans. Consider all of the options in your area to find the best plan type for your specific needs. Coverage levels also vary among plan types. For example, a Medicare Supplement Plan C might charge a higher premium but cover more out-of-pocket expenses than a different type of Medicare Supplement plan.

Learn more about Texas Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/medicare-supplement-plans-texas.  Our Texas Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Texas.  To talk to an expert in Texas Medicare coverage toll free 888.404.5049 today!

 

Medicare Supplemental Plans in Arizona

Many Arizona seniors, as they near their 65th birthday and enroll in Medicare are searching for the best Medicare supplement plan in Arizona. This state is famously popular as a retirement destination. Out of 6,612,624 Arizonans, over 18% are 65 and over, below is how these seniors are distributed in the largest Arizona cities:

  • Phoenix: 8.4%
  • Chandler: 7.8%
  • Scottsdale: 20.0%
  • Glendale: 9.2%
  • Tucson: 11.9%
  • Mesa: 14.1%

Unsurprisingly, nearly a million residents of Arizona depend on Medicare for their primary source of Medigap coverage. In today’s crowded Arizona Medicare market, seniors have many choices. Looking at the big picture, seniors have two basic options: choose one of 10 standardized Medicare supplement policies or find a good Medicare Advantage plan. Either choice can be sound, depending on your personal health care tastes.

Medicare supplement policies all come with a monthly premium, and the costs will differ from company to company. However, each company’s plans are all the same.  Many insurance companies offer a teaser premium for the first few years to attract new clients turning 65. With all that similarity in the insurance plans, what should a Medicare beneficiary be looking for?

Seniors should be looking for companies with:

  • An insurance company with a history of consistent premium costs free of huge increases
  • Excellent customer services and easy bill paying services
  • A track record of verifiable financial stability

Recipients may choose from several Medicare supplement plans available in Arizona. These plans are denoted by letters. There are ten standardized lettered plans, and each lettered plan must offer the same benefits regardless of the insurance company offering it but the cost may differ. The correct choice will, however, be different for each person, depending upon their health care objectives and economic realities. The most popular type is Medigap Plan F and is also available in Arizona.

Coverage does not generally include additional care, such as hearing, vision, or dental, although other benefits, like coverage while traveling outside of the country, may be provided. Coverage may also include out-of-pocket costs such as coinsurance, deductibles, and copayments. Prescription drug coverage, however, is not covered by Medicare supplement plans in Arizona.

Your choice of either Medicare Part A, Part B, with a Medicare Supplement, Medicare Advantage plan, or Medicare Part A and/or Medicare Part B alone, will depend upon your medical conditions, where you live, and the money you can spend on medical care.  Medicare supplemental insurance plans in Arizona cannot stand alone and can only be purchased with Original Medicare.

In Arizona, all 2017 Medicare Supplement plans have to comply with the official levels set out by Medicare. These cover supplements with names from A to N. Every Medicare supplement plan has to allow primary benefits like Part A hospital coinsurance.

The one thing to remember is that each Medicare supplement plan in Arizona is identical from one company or another. Various companies also charge different premiums, so you may consider Arizona Medicare Supplement plans for 2017 offered by these top companies when you want to make a comparison:

  • Aetna Medigap Plans
  • Colonial Penn Life Insurance Company
  • Mutual of Omaha Medicare Supplement Plans
  • Humana
  • Cigna Medicare Supplement Plans
  • Physicians Mutual Insurance Company
  • AARP Medigap Plans
  • Banker Fidelity Life Insurance Company
  • Blue Cross Blue Shield of Arizona
  • Globe Life and Accident Insurance

Learn more about Arizona Medicare Supplemental Insurance plans, rates and more at http://www.emedicare-supplemental-insurance.com/arizona-medicare-supplement-plans.  Our Arizona Medicare Supplemental Insurance brokers will help you compare Medicare Supplemental Insurance rates and plans in Arizona.  To talk to an expert in Arizona Medicare coverage toll free 888.404.5049 today!