If you're on Medicare or if you are planning to become eligible for Medicare you more than likely feel a little overwhelmed as it pertains to picking plans that will fit your own personal needs. There are still going to be out of pocket expenses that you might not want to need to pay for, in regards to the Original Medicare which includes Parts A and B. This is where the supplemental plans come into play. In this specific article we are going to be giving you an overview of three of the different supplement plans that are available, these plans are also called Medigap plans. The ones we are going to be going over here are plans F, G, and N.
Private insurance companies offer all the supplement plans around the country and also the prices of these plans will vary from one insurer to another. The benefits that you reap from every plan will undoubtedly be standardized according to every letter of the plans that are offered. What this ensures that say for instance you choose Plan F, the coverage that the plan offers will be exactly the same no matter what insurance company you opt to deal with.
Santa Cruz, CA Medicare Supplement Plan F
Plan F tends to be a popular pick for a lot of people because it actually offers a lot more coverage than other supplement plans. It's important to notice there are two different types. There is another one that has the same benefits as the standard but comes with a much higher deductible and the standard Plan F. This implies if you were to choose the higher deductible that you simply would need to first pay a certain amount of money prior to the coverage would even begin. Call 877-410-1979 for a free quote on Plan F today!
Benefits which can be included with the Plan F include every one of the following:
- Part A Medicare coinsurance along with hospital costs along with an additional year of coverage after your Medicare benefits have been used up.
- Covers the coinsurance or copayment of hospice care that Part A doesn’t cover.
- It covers the Part A deductible.
- Pays for the deductible for Part B.
- If there are any Medicare Part B extra charges this plan will cover these charges.
- If you require blood, this plan will cover the first three pints of blood needed.
- If you are in a skilled nursing facility it will cover the coinsurance amounts that might be required.
- Will cover any emergency coverage that might be needed during foreign traveling.
Should you decide that you just want to pick the higher deductible plan then you will be required to pay for all the out of pocket costs the original Medicare does not cover until you have reached a certain amount.
Since Plan F does offer the largest amount of benefits it's going to be the most expensive plan, however, if you shop around you could find a plan that's less expensive.
Santa Cruz Medicare Supplement Insurance Plan G
This particular Medigap plan is one that offers many of the same benefits. There's one exception, however, it will not cover the deductible for Medicare Plan B. This means that whenever you go with Plan G you will still need to pay the yearly standard Part B deductible. So, if you don't mind paying for this deductible amount, Plan G could be a good option when it comes to supplemental plans with good benefits to consider. For a free quote on Plan G call us directly at 877-410-1979 today!
You need to know that all excess charges that can accrue with Part B Medicare are covered by both of these plans and they're the only two Medigap plans that do this. These excess costs are the actual difference between exactly what a doctor actually charges due to their medical service and what the Medicare amount that is approved is. These professionals are considered to be non-participating providers and they are allowed to charge just as much as 15% more than what Medicare allows for a certain covered medical service. This extra amount is exactly what the patient would be anticipated to pay out of their own pocket.
Medicare Supplement Insurance Plan N
This can be a supplemental plan that offers a lot of the same benefits but there really are a couple of exceptions which you ought to be aware of when looking at this particular plan which will be listed below
- Plan N does not cover the deductible that comes with Part B Medicare.
- It doesn’t cover the extra charges that might come with Part B.
So, what this implies is that you'd be responsible for paying for these differences. As it pertains to Plan N, it's another difference, although it does pay most of the time to 100% of the coinsurance of Medicare Part B, there can be exceptions. Those differences are that you need to pay just as much as $20 for some office calls and you also can be required to pay a copay of up to $50 for some ER visits that don't end up with admission. Give us a call at 877-410-1979 for a free quote on Plan N today!
What Insurance Carriers Are Best?
There are a lot of insurance companies to choose from in Santa Cruz, California. Below is a complete list of all companies and plans offered.
|AARP – UnitedHealthcare Insurance Company||A, B, C, F, G, K, L, N|
|Anthem Bluecross||A, F, G, N|
|Aetna||A, B, F, F-High, G, N|
|Bluecross Of California||A, F, G, N|
|Everence Association Inc||A, F, G , N|
|Continental Life Insurance Company of Brentwood, Tennessee (Aetna)||A, B, F, High-F G , N|
|Cigna||A, F, High-F, G, N|
|Garden State Life Insurance Company||A, F, G, M , N|
|GLOBE LIFE AND ACCIDENT INSURANCE COMPANY||A, B, C, G, High-G, N|
|HEALTH NET LIFE INSURANCE COMPANY||A, D, F, High-F, G , N|
|Humana Insurance Company||A, B, C, F, F-High, G, G-High, K, L, N|
|INDEPENDENCE AMERICAN INSURANCE COMPANY||A, F, G , N|
|Mutual Of Omaha||A, F, F-High, G, High-G, N|
|National Guardian Life Insurance Company||A, F, G , N|
|National Health Ins Co (Allstate)||A , F, High-F G , N|
|OXFORD LIFE INSURANCE COMPANY||A , F, G , N|
|PHYSICIANS LIFE INSURANCE COMPANY||A , F, G , N|
|Sentinel Security Life Insurance Company||A, B, D, F, G , N|
|State Farm Mutual Automobile Insurance Company||A, C, D, F, G , N|
|TRANSAMERICA LIFE INSURANCE COMPANY||A, B, F, G, L , N|
|UNITED AMERICAN INSURANCE COMPANY||A, B, C, D, F, High-F, G, High-G, K, L , N|
|USAA LIFE INSURANCE COMPANY||A, F, G , N|
What Is The Best Time to Enroll In A Plan?
In the event that you might be considering signing up for any of these Medigap plans you should know that the best time to enroll in almost any of them would be during what is called the a Medicare Supplement Open Enrollment Period. This starts when you are older or 65 years old and you already have Part B Medicare.
Give us a call at 877-410-1979 for the best rates on Medicare supplement plans in Santa Cruz, CA!
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