Medicare Supplements Medicare Supplement

Supplement to Medicare Medicare Supplements

Supplemental Insurance:  What Is Senior Supplemental Insurance?

If you are 65 or fast approaching it you may already know Medicare supplemental insurance is.  However, there may be some that have no idea what this type of insurance is. Let’s take a look at this very important type of insurance and how it will directly affect you and the type of health coverage you receive once you reach retirement age.  Once you understand the program you will be able to make a decision about your health care coverage that will fit your needs and give you the benefits that are just right for you.

Medicare Supplements,medigap supplements

Medicare is health insurance for people 65 or older and is available to those under 65 that have certain disabilities.  Medicare Supplemental insurance or Medigap as it is also referred to as, is designed to supplement or help pay some of the costs for health care that Original Medicare does not cover, hence “gap insurance”.  Some of the costs that a supplemental policy will cover are co-payments, coinsurance and deductibles.    Supplemental insurance or Medigap is standardized in most states. What this means is that each supplemental insurance policy offers the same basic benefits regardless of what insurance company sells it. The Medigap policies are lettered A through N.  The only difference may be the cost of the insurance from one insurance company to the next depending on the letter.  Once again, they have the same basic benefits so be sure to shop around to get the best policy rate.

Getting Supplemental Insurance coverage can be a bit confusing if you don’t have all the facts.  In order to get supplemental or Medigap coverage you must have Medicare part A and part B.  In addition to the monthly premium you pay for Medicare you will also have a monthly premium for your supplemental insurance policy.  If you and your spouse are both on Medicare you each need to purchase separate supplemental insurance policies.  The best time to get your supplemental insurance policy is during the open enrollment period, which begins on the first day of the month that you are 65 or older and enrolled in Medicare Part B.  It is important to purchase your policy during open enrollment because the insurance company cannot deny you coverage even if you have health problems.  If you apply for supplemental insurance coverage after the open enrolled period there is not guarantee that you will get the coverage you need.

Top Medicare Supplements (MEDIGAP) Insurance Providers from an agents view:

Mutual Of Omaha Medicare Supplements

Mutual of Omaha has the best service for their agents, as well as online technology and follow up. So if they treat their agents good, you can imagine how well they treat their customers who purchase Medicare Supplements.

United Of Omaha Medicare Supplements

United of Omaha id a Mutual company and has great quality of service too.

Blue Cross Medicare Supplements

Blue Cross is one of the leading brands, they take better care of their customers that they do their agents, but they are second in the line up.

Blue Shield Medicare Supplements

Blue Shield does a fine job, but they have to be tied for second as far as carriers go, in the minds of their agents.

Blue Shield Medicare

The Blue family for Medicare and for under age insurance hav always been strong, and a good LONG TERM option for consumers.

AARP Medicare Supplements

AARP INSURANCE is probably the worst to their agents. They spend a ton of money marketing and have the best advertising campaigns bar none, but they treat their agents poorly! Agents will quote everything else under the sun before we sell a AARP product, but they have a niche and do fill a need. Many people ask for them so it is a must sell product for many agents, the agents which they would have better agent support.

AARP Insurance

AARP Insurance can be a bit confusing, as their insurance for Medicare Supplements this year is underwritten by United Health Care.

Humana Medicare

Humana has the corner on the Part D and RX or prescription section of the market, and have decen agent service.

Universal Medicare Supplements

Smaller company, but seems to care about their agents

Blue Cross Medicare

If you are looking for long term, good brand the Blue Cross medicare Plans are always a good chioce.

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The Different Parts of Medicare

Medicare is health insurance for people age 65 or older, under 65 with certain disabilities, and any age with End-Stage Renal Disease (ESRD). ESRD is permanent kidney failure requiring dialysis or a kidney transplant. The different parts of Medicare help cover specific services if you meet certain conditions.

Medicare has the following parts:

Medicare Part A
(Hospital Insurance)

  • Helps cover inpatient care in hospitals (includes critical access hospitals, inpatient rehabilitation facilities, and long-term care hospitals).
  • Helps cover skilled nursing facility (not custodial or long-term care), hospice, and home health care services.

Medicare Part B
(Medical Insurance)

  • Helps cover doctor services and outpatient care.
  • Helps cover some preventive services to help maintain a person’s health and to keep certain illnesses from getting worse.
  • Generally pays 80% of the Medicare-approved amount for covered services

Medicare Part C
(Medicare Advantage Plans)

  • A way to get Medicare benefits through private companies approved by and under contract with Medicare.
  • Includes Part A, Part B, and usually other benefits Medicare doesn’t cover. Most plans also provide prescription drug coverage.

Medicare Part D
(Prescription Drug Coverage)

  • Run by private companies approved by Medicare, which can either be Medicare Advantage Plans or separate Medicare Prescription Drug Plans.
  • Helps cover the cost of prescription drugs.
  • Each plan can vary in cost and drugs covered.

MEDIGAP REVIEWS

 

Senior Insurance Policy quotes

 

 

 

 

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