Medicare Supplement Plans
Medicare Supplement plans can be added to your Original Medicare to increase coverage, thereby, reducing out-of-pocket expenses. Because of the increasing healthcare costs, it is ideal to change your coverage to obtain more insurance.
Several Supplement plans are available today. You can get started by opting for a low-coverage plan. This can still help in increasing your coverage. You can switch to a higher coverage plan later on.
Medicare does not sell these plans. Rather, private insurance companies, like Aetna, Cigna, AARP and more, are marketing them. They also determine the prices of the plans. If you wish to know what the current rates are for Supplement plans, you may use our free tool and request quotes. As you get the list of quotes, you can easily find the best rate possible.
Medicare Advantage 2021
How Medigap Can Help You?
Medigap or Medicare Supplement health plans are powerful coverage that can reduce your out-of-pocket expenses. Original Medicare left these expenses for you to pay on your own. Unfortunately, they can easily add up resulting in difficultly paying for them.
To give you peace of mind, you can add one of MS plans to your coverage. It will enhance your protection radically. You do not have to give up your Original Medicare because some of the benefits are still provided by Medicare.
However, if you choose to purchase one of the Medigap plans, you must drop your employer or union-based health plans. They are not compatible with Medigap. Furthermore, you cannot sign up for one of the Medigap plans if you have an Advantage plan at the same time. They, too, are not compatible.
Supplemental insurance would give you coverage for different medical expenses. With this type of health plan, you can have coverage that you do not have. It helps you reduce your out-of-pocket expenses.
Listed below are the medical expenses that the Supplement plans would pay for:
- Copayments
- Deductibles
- Coinsurance
- First three pints of blood per year
- Excess charges of Medicare Part B
Supplemental plans will also cover the cost of your transportation if you need to receive treatment abroad.
What are the Top Supplement Plans
As mentioned earlier, there are several Supplement plans that you can purchase. But only a few of them stand out.
Plan F
It pays all medical expenses. Many seniors would opt for this plan. However, it is no longer available to new subscribers. It has been discontinued because it offers low value to members. You can still renew this plan, though, if you have signed up for it already before it has been stopped. Plan F is one of the highest coverage plans that can further reduce your out-of-pocket expenses. This is also the only Supplemental plan that pays for all parts of Medicare Part A and B. If you still have this plan, you may wish to cancel it. Many subscribers of this plan are dropping it in favor of other supplemental plans. Hence, the rate of Plan F is going higher and higher every year.
Plan G
This is the second-highest coverage Supplement plan that you can purchase. It gives you coverage for most medical expenses left by traditional Medicare. However, it does not cover Medicare Part B deductible. You will have to pay for it on your own. Fortunately, you can easily handle it as it is only $198 per year.
Plan N
It is also a high coverage plan. But it does not pay for Part B excess charges and deductible. You will have to pay for them using your own money. In that case, it lacks some of the items that the other two Medicare Supplements plans we mentioned.
However, the prices for those excluded items are insignificant. That is, you can easily pay for them on your own. Hence, this is a kind of plan that you would want to choose if you want a high coverage plan that does not cost a lot.
Medicare Advantage 2021
The Top Insurance Providers of Medicare Supplements
Several health insurance providers are selling these plans. But we will tell you a few of them that offer the best deals on Medigap plans. They have an excellent reputation when it comes to customer service. They also offer great benefits without charging you more.
If you wish to know their rates, you may use our site and request quotes. The list of quotes allows you to easily compare the rate of one provider to another. You need to enter your accurate zip code so you can get accurate results.
Cigna
It is one of the oldest health insurance plans in the country. If you need to file a claim, this provider makes it easy for you. It offers competitive rates. And you can find updated rates through our site.
Aetna
It is known to offer the best customer service. It has a list of perks that you can surely benefit from. It also has several network facilities around the country where it can give you deeper discounts.
United Healthcare
One of the best things about signing up for one of its plans is that it has a wide array of medical facilities and doctors. It has a huge network across the US. It also partners with AARP to provide you with a range of services.
Mutual of Omaha
You can sign up for one of its plans and enjoy competitive prices. It listens to its customers and provides great perks, such as access to healthcare providers through the phone. You can also enjoy free gym membership throughout the US.
All insurance companies have to offer the basic coverage that Medicare has defined. But insurance companies can add more protection to their plans. Since Medicare does not dictate the prices for these plans, you cannot expect that these companies will offer the same price.
It is easy to compare prices for Medicare Supplement plans using our site. Simply enter the plan that you wish to purchase and your zip code. After a few moments, you will get the list of quotes for the plan that you want to buy and the rates from various insurance providers.
