Best Medicare Supplement Plans
What Medicare Supplement plans are the best for you and what do they consist of? This is a question many seniors want answered. All the plans have different coverage and rates that can pertain to various situations a senior may have. Some will be better with their coverage and may be more expensive and some may have low coverage and not cost as much. We want to tell you about many of the best Medicare Supplement plans available and how they can benefit you.
The Best Coverage
You will need to understand what these plans offer in their coverage, to be able to decide which plan is right for you. A Medicare Supplement plan, also known as Medigap, could take care of some or all of the following:
Medicare Part B copayments
Medicare Part A copayments
Medicare Part A hospice care
Medicare Part A annual deductible
Medicare Part B annual deductible
Medicare Part B excess charges
Foreign travel expenses
Use of three pints of blood every year
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The Medicare Supplement Plan F would have full coverage, but it has been discontinued and is no longer available to those who are considering getting a Medigap plan. The seniors who already have this plan, are able to renew it each year. Plan F has had great coverage, but it won’t be a good risk for seniors, as its rates are very high and there are other plans than can give good coverage at much lower rates.
You may be wondering just how much medical coverage do you really need. This will depend on how many medical issues you have that you want covered and how much you want to pay for the plan. If you need a lot of coverage, than Plan G or Plan N will work well for you. These two plans many seniors have acquired and offer the best use of their money. They offer a sensible price and have a great deal of coverage.
Medicare Plan G will give you almost all the coverage we have discussed. That is a great deal of medical coverage leaving a lot less money for you to pay out of your budget. Your copayments to physicians or the hospital will be paid, so very little will have to come out of your pocket.
Medicare Supplement Plan N will have even less monthly premiums and you will have almost full coverage. You will have to pay the Part B deductible and the Part B excess charges, which you would have if you had to see a doctor that did not accept Medicare. You will have to pay for copayments to a doctor, but it would only be from $20-$50 for each visit. If you don’t have go to the doctor very often, then a Supplement plan would help you when you have an expensive medical situation or illness and the expenses could be high.
The Best Price
You now know what a couple of the Supplement plans offer and we are going to discuss the prices of these plans. You need to know that these Medicare Supplement plans are designed and regulated by Medicare and they will be the same plans everywhere. The difference is with the area you reside and the insurance company you go with. Not all insurance companies offer all the plans. They also can determine the rates they want to charge for them. That is why you have to look carefully to find the plan that fits your needs and which company will offer you the best rate.
You will get the same coverage for each plan, but the rates can vary, so why would you want to pay more with one company than another.
Some people prefer a particular insurance company and are willing to pay a higher rate for the Supplement plan. They already may have had insurance with them and know they are an upstanding company and treat their clients well. They also may like some of the extra benefits the company may offer with their plans. These benefits could be a free gym membership, prescription delivery to your home or being able to talk on the phone with a doctor when you have a medical question or not feeling well and not know if you should go to their office. Seniors may find these benefits are worth paying more for in their monthly premiums.
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How to Compare Prices
You are not only going to have to compare the insurance companies, but also the prices they will be charging for the monthly premiums. This may seem to be a daunting task, but we can help you. You can go to our website and ask for a search of the area where you live. You will need to put in your zip code and then will see what insurance companies are in your area and the rates for each Supplement plan. You will be able to compare the various insurance companies, such as, Aetna, Cigna, Humana, Blue Cross Blue Shield and their rates. With this chart, you’ll be given the basic information to start finding the Supplement plan for you. If you find the chart does not answer all your questions, then you can call us and we can help you directly. We have knowledgeable agents to help and this service is free to use.
Using our site will save you a great deal of time, because having to contact each individual company and hearing about all their plans and rates can be exhausting. Our chart can give you a great deal of information in a short period of time and at your own pace.
The Best Insurance Provider
Cigna is a provider known across the country and works with a large selection of hospitals and physicians. They have respectable rates, worthy customer service and additional benefits.
Aetna is another insurance company that offers extra perks to their clients at no extra cost. They are well known and have some of the best rates for their policies.
Humana is known for their prescription plans, but they also have many Supplement plans to offer seniors at low rates and good client service.
Blue Cross Blue Shield
Blue Cross Blue Shield is a company that has been around for many years. They have many smaller companies under their name and also has low rates, so they are a good company to work with.
Medicare has a rating service that assesses the number of Medicare Supplements available. They will give star ratings to each plan and determine which ones will rank higher than others. You can see which ones are most popular among seniors and offer the best value.
Checking the star ratings often, will give you an idea of what is being offered and how they match up to each other. We have given you several ways to check out these plans and their rates. Please call us if you need more information and we will be glad to advise you in your decision of a Supplement plan.