How can a Medicare Supplement help me? How much will it cover? How do I know what plan to choose?
A Medicare Supplement or "Medigap" policy is health insurance sold by private companies to fill in the “gaps” of Original Medicare. As you may already know, original Medicare only pays for 80% of your medical bills. This is where a Medicare Supplement policy can come into play and help you cover that remaining 20% of your health expenses.
With Medicare Supplements, you have many plans to choose from, the most popular one being Plan F. This plan covers all of your expenses, deductibles and even Part B excess charges. The second most popular Plan is Plan G. If you choose this plan the only thing you are responsible to pay is your Part B deductible.
A Medicare Supplement or "Medigap" policy is health insurance sold by private companies to fill in the “gaps” of Original Medicare. As you may already know, original Medicare only pays for 80% of your medical bills. This is where a Medicare Supplement policy can come into play and help you cover that remaining 20% of your health expenses.
With Medicare Supplements, you have many plans to choose from, the most popular one being Plan F. This plan covers all of your expenses, deductibles and even Part B excess charges. The second most popular Plan is Plan G. If you choose this plan the only thing you are responsible to pay is your Part B deductible.
By purchasing a Medicare Supplement, you will continue to have the freedom that you have with Original Medicare. You can choose your doctors, you will not have to get referrals and you will not have many co-pays. Medicare Supplements are purchased in addition to the Part B premium that is coming out of your social security. They can start at about $103 a month. If you need a Medicare Supplement Policy for both you and your spouse, it will be necessary for you to buy a separate plan as these can only cover one person.
Prescription Drug coverage is a separate coverage, so if you need prescription Drug coverage, you will need to purchase a Medicare Prescription Drug Plan also known as Part D coverage.
One important thing to keep in mind about these plans is that although the prices with companies may vary, coverage does not. They all have to provide the exact same coverage. What this means is that is you have Plan F with one company, and switch to another company's Plan F, the coverage is identical, but the cost may be cheaper. So if you have been paying for years with one company and they recently increased your premium, it might be time to start shopping for a new Medicare supplement company.
I represent some of the best priced insurance companies offering Medicare supplements in Texas. If you have recently turned or are turning 65, please call me today at (214) 597-5541 and we can work together to find you the Medicare Supplement that best meets your needs.
Prescription Drug coverage is a separate coverage, so if you need prescription Drug coverage, you will need to purchase a Medicare Prescription Drug Plan also known as Part D coverage.
One important thing to keep in mind about these plans is that although the prices with companies may vary, coverage does not. They all have to provide the exact same coverage. What this means is that is you have Plan F with one company, and switch to another company's Plan F, the coverage is identical, but the cost may be cheaper. So if you have been paying for years with one company and they recently increased your premium, it might be time to start shopping for a new Medicare supplement company.
I represent some of the best priced insurance companies offering Medicare supplements in Texas. If you have recently turned or are turning 65, please call me today at (214) 597-5541 and we can work together to find you the Medicare Supplement that best meets your needs.