Protection from Astronomical Medical Bills
Health coverage through Medicare only covers 80% of the total costs which leaves you to cover, out of pocket 20%. In order for Medicare Part B to begin paying it’s 80% you must reach the yearly deductible. Depending on the Medicare Supplemental Insurance Plan you choose the extra 20% will be partially covered.
Coverage When Visiting Outside the United States
Some Medicare Supplement Plans offer coverage outside of the U.S. in case of an accident or unexpected illness. If you find that you travel outside of the United State on a regular basis it is important to purchase a Medigap plan that covers your health care needs outside of the country.
During Open-Enrollment – Guaranteed Acceptance
If you apply for Medigap within your open enrollment period (six months after the 1st of the month in which you turn 65) coverage and rates are guaranteed. This means that it doesn’t matter what illness you bring to the table, Medicare and Medicare Supplemental Plans are guaranteed to accept you for coverage. This is just one of the reasons it is important to enroll during the open enrollment period. After this time, insurance companies can deny you coverage or increase your rates, on top of a late enrollment penalty that you will be responsible for.
No matter what health problems arise, all standard Medigap plans are assured to be renewable to you. This means that no matter what you are diagnosed with insurance companies cannot deny you plan coverage as long as you make the premium payments. Your policy renews automatically each year.
Choice of Medicare Doctors
When you purchase Medicare Supplemental Insurance you will be covered when you visit doctors that participate with Medicare. The only exception is Medicare SELECT. This is a type of Medicare Supplemental Insurance that requires use of select medical providers and hospitals within the network.
Multiple Plans to Choose From
Medigap offers 10 different plans to choose from to help Medicare enrollees pay for expenses not covered by Original Medicare costs. Medigap plans that offer the most coverage also have the highest monthly premiums whereas the opposite is true with lower premium Medigap policies.
There are ten different Medigap policies. The plans are standard throughout the U.S. and are regulated by the law. Plan benefits are the same from state to state meaning that the Medigap Plan F coverage in Michigan is the same as Medigap Plan F coverage in Texas. In Massachusetts, Minnesota, and Wisconsin standardized plans are a bit different.
The experts at eMedicare Supplemental Insurance, powered by Omega, have all the answers you are looking for when it comes to your Medicare Supplemental Insurance needs. More information can be found at http://emedicare-supplemental-insurance.com/.