Author Archives: Richard Whitaker

Best Medicare Supplements for 2018

Medigap plans, also known as Medicare supplement plans, are similar to an accounting operation of medical related plans. But these plans don’t layout complete details about the cost coverage like those laid out in Medicare Advantage plans. There are basically no restrictions on the type of coverage provided. They can also cover bills that are not covered by Medicare plan A or B, thus providing complete coverage and saving people from payment of heavy medical bills not paid by their Medicare plans. Thus to lead a smarter life, it is essential to have the Best Medicare Supplements for 2018 apart from having the regular Medicare plans. This will provide additional benefits with complete cost coverage for a carefree living, especially in emergency cases which cannot be anticipated. There are often services provided by these plans that provide cost coverage outside the US which is not included in original Medicare plans.

 

medicare supplement plans 2018

 

Comparing Different Medicare plans:

Along with Medicare plans, Medicare supplement plans are also provided by companies that provide insurance. These plans have their own policy requirement which may vary with the type of plan or company. But in general, there are 10 standard Medicare plans which may or may not be available in all states.

The states of Massachusetts, Wisconsin, and Minnesota have a varying policy than the rest of the states. These Medicare Supplements are divided into alphabets with plans including A, B, C, D, F, G, K, L, M, and N. These plans have particular pros and cons and should be selected as per requirement. Since these have been made keeping in mind the requirements, in order choose the Best Medicare Supplement, correct information is required. There should be a correct understanding of the plans in order to select the Best Medicare Supplement plans for 2018 that are needed.

Here is the detailed explanation of the benefits provided by the plan and the plans that support these benefits:

·        Co-coverage of hospital cost, Medicare part A:

Medicare plans have a restriction as to the cost coverage of medical bills. These restrictions include complete bill coverage except deductibles for first 60 days. After the 60 days, everything except $329 will be covered per day till the 90th day, and after that everything except $658 will be covered till the 151st day. After the 151st day, the Medicare does not cover any of the cost for the medical bills and is completely the responsibility of the client. With Medicare Supplement plans, these costs will be paid, which were not initially paid by simple Medicare plans. It also provides complete coverage for 365 days after the Medicare coverage stops. This benefit is provided by all plans from A-N.

·        Co-coverage with Medicare Part B:

This benefit is present if the Medigap is applied with Medicare part B. Medicare Part A provides coverage for about 80% of the cost. The Medicare Supplements provide coverage for upto 20% of the remaining cost. Only plans A, B, C, D, F, G, M, N provide full coverage of the remaining coverage of 20%, whereas plan K provides 50% and L provides upto 75% coverage of the remaining 20% of the medical bill.

·        Blood:

Medicare supplements provide coverage for first three pints of blood whereas the remaining requirement for the blood is paid by Medicare. Plans A, B, C, D, F, G, M and N provide full coverage for blood whereas plan K provides 50% coverage and L provides upto 75% coverage of the cost of blood.

·        Hospice Care, Part A:

Medicare supplements cover payment that is not covered by regular Medicare. The remaining cost that is approved by hospice is then covered by Medicare. Plans A, B, C, D, F, G, M and N provide full coverage and co-coverage whereas plan K provides 50% coverage and L provides upto 75% coverage of the medical bill.

·        Nursing Facility Care:

It deals with the everyday requirement of skillful nursing and medical staff as per need. It also provides coverage for rehabilitation staff apart from nursing. This staff is there to medically assist patients for injections and for physical movement and therapy during rehabilitation. Medicare provides coverage for the first 20 days then after that it covers everything except $164.50 till day 100, after which it does not provide any coverage. Plans A, B, C, D, F, G, M and N provide full coverage of nursing care whereas plan K provides 50% coverage and L provides upto 75% coverage of the cost of the nursing care.

·        Deductibles for Part A:

The deductibles are covered in this plan for the hospital stay and may be covered either partially or fully. Plans A, B, C, D, F, G and N provide full coverage of deductibles whereas plans K and M provide 50% coverage and L provides upto 75% coverage of the cost of deductibles.

·        Deductibles for Part B:

This deductible is paid to attain the benefits of Plan B. It is only covered by plans C and F.

·        Excess Charges for Part B:

This provides excess charge over Medicare coverage only covered by plans F and G.

·        Charge coverage for travel emergency:

Provides travel cost for medical travel emergency with coverage upto 80% with a maximum coverage of upto $50000 and is covered by plans C, D, F, G, M and N.

In order to acquire these benefits, it is essential to choose the Best Medicare Supplements for 2018. Each insurance company has policies corresponding to the state laws to offer any or some of the plans but not all. Thus, in order to make the correct decision, it is necessary to consult the insurance officer overlooking the original Medicare plan. And then discuss all the possible combinations with the Medicare that provides the most benefits with the lowest cost. Medicare is accepted everywhere in the USA by all doctors, hospitals, and clinics. The cost of these insurance plans may vary according to age, as some state policies increase the cost of plans with the increasing age. The cost is also dependent on the inflation rate of the instance. The plans are still worth investing in, as they provide coverage in case of medical emergencies when Medicare fails to deliver completely.

 

medicare supplement plans 2018

Medicare Coverage 2018

Did you know that Medicare coverage in 2018 will give you numerous choices? You aren’t stuck with just one plan or even one price for a plan. You have options, and you should be aware of what those are before you make a decision on medical coverage for you for 2018.

What Medicare’s Basic Plan Includes

Medicare Coverage 2018 Usually, when people are talking about the basic Medicare plan, they mean Medicare parts A and B. But Part B of Medicare is optional, and you can just go with Part A, if you wish. You should know what each part covers before you decide, however.

Part A will give you coverage for your hospital costs. These include expenses like hospice care, skilled nursing care and home health services. These are just basic costs that you accrue by going to the hospital. The best thing about this plan is that it won’t cost you much. You don’t pay a monthly fee for it, and the deductible is usually quite affordable. The cost of this plan is based on your income bracket.

Part B covers other medical costs, including many doctor services, some medical tests and ambulance services. This part of Medicare does have a monthly cost as well as an annual deductible. While you don’t have to have Part B, you will probably see it as indispensable, if you are like most people.

Adding to Medicare

You may find that these parts of Medicare don’t give you all the coverage you need. If that is the case, then you can look into other plans to add some coverage onto it. Part D is the most common addition for Medicare subscribers. This takes care of a lot of the costs of prescription drugs. It is also included in other plans, so you have to watch for redundancies, as you may have to drop a plan when you add another one on.

All the parts of Medicare and plans mentioned so far- A, B and D- are sold through Medicare alone. That means there is one set price for them. Now depending on your income bracket, you may pay a different price than someone else would, but your individual cost is set, and there isn’t any way to make it cheaper.

You can also add to Medicare with a supplement plan. These include Medigap, Medicaid and others that work with the basic Medicare parts A and B. The most common ones available are the Medigap plans. Just about any other type of supplemental plans requires that you meet special requirements to be eligible for them. But for Medigap plans, as long as you are eligible for Medicare, you are eligible for these supplement plans.

Medicare has designed ten different Medigap plans. The reason that there are so many is that they are all offering slightly different supplementary coverage. They all cover, to some degree, the same basic supplementary items. These are deductibles for Medicare parts A and B, copayments for the same, excess charges for Part B, emergency medical care for outside the US, more blood on an annual basis, nursing care and hospice care.

Medicare Coverage 2018

Now some of these coverage items seem the same as basic Medicare coverage for 2018 offered in Medicare parts A and B, but they really only provide more coverage for those items that the basic parts only cover partially. There is no actual overlap.

Replacing Medicare

You can also forgo the basic Medicare plan and just get a Medicare Part C plan. This is often called an Advantage plan, and it can take the place of Medicare parts A and B. Not only does it include all the coverage of those basic parts, but it also comes with more coverage. It works similarly to the way a plan would work if it included Medicare parts A, B, D and a supplement plan. Depending on the Advantage plan you choose, you can get all of Part D coverage as well.

Advantage plans are sold exclusively through private insurance providers and not Medicare. Like supplemental plans, you can pay a variety of rates for the same plan with the same coverage, so you want to be careful about how much you are paying and look for the lowest price you can.

Medicare Coverage 2018 You also need to be aware that with Advantage plans there are some variations on the plans available. Some will give you coverage only at hospitals, clinics and other medical facilities that are part of the insurance provider’s network. Others will give you partial coverage anywhere and full coverage at the on-network locations.

 

The Choice Is Yours

As you can see, there are tons of choices available to you. You can get your plan from Medicare or go to a private insurance company and pay one of dozens of different rates. Your choice should be the result of a lot of searching and comparing. For prices, you can use our site to find the best rate.

We have a free service on our site that checks and compares rates for you. It works like this- you tell us what plan you want to find rates for; then we will get you a few quotes for that Medicare plan. It can be any plan from a private insurance company; so any Advantage plans and Medicare supplement plans are available for you to search for. We will send your request to our network of insurance companies.

We only search for quotes from insurance companies that are offering the same plan you are looking for and that sell the plan in your local area. The rates are always freshly sourced too, so you never get out-of-date information. You can come back and check with us to see how the rates are changing too. We won’t charge you for this service, so feel free to use it often. We will make it easy for you to find the best rates on Medicare coverage for 2018 and beyond.

 

 

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