Traditional Medicare, though preferred by many Medicare eligible individuals, has certain limitations to both Parts A and B. To cope with the limitations, Medicare supplement plans or Medigap plans were launched. These plans are offered by private insurance providers, but they are highly regulated by federal government. By law, the insurance companies can offer 12 different plans named by letter A to L and all the plans with the same letter offer the same benefits, irrespective of the provider. However, they differ in premium amount. Also not...
Showing posts with label Medicare Supplement Plans. Show all posts
Showing posts with label Medicare Supplement Plans. Show all posts
Tuesday, August 13, 2013
Monday, August 12, 2013
Tips to Comparing Medicare Advantage Plans
Medicare advantage plan, also referred to as Medicare Part C, is mainly offered by private insurance companies. It is a voluntary healthcare program that can be purchased by Medicare eligible Americans. An individual cant apply for such a plan, unless she is qualified for original Medicare.Medicare is a federal government funded medical insurance program which is especially created for the U.S. citizens of age 65 or more, or who have got Social Security disability allowance for over 2 years or individuals with chronic renal conditions. Advantage...
Sunday, August 11, 2013
How to Switch a Medicare Supplement Plan
Being an American, you must have heard of Medicare supplement plans also referred to as Medigap plans. These are a particular type of Medicare plans that are crafted particularly to provide coverage for healthcare expenditures those are not covered by traditional Medicare plans. Supplement plans are mostly sold by private health insurers. The prices of the plans differ widely based on the amount of coverage one needs and able to afford. If an individual finds that her existing coverage is not adequate to her needs, she can change her policy and/or...
Saturday, August 10, 2013
Advantages and Disadvantages of Medicare Supplement Plans
Both Medicare part A and part B help seniors meet their healthcare needs. However, they don’t cover all sorts of medical expenditure. And here the need of supplemental policies comes into play. Such policies often pay for medical expenses that are not covered by original Medicare.They are especially created to fill up the gaps in healthcare coverage which are part of part A that provides coverage for hospital stay and part B that provides coverage for doctor visit. The gaps may include co-pays and deductibles which would otherwise to be paid...
Subscribe to:
Posts (Atom)
