As could be expected, prices for Humana policies rocketed for the 2015 calendar year. Mean premiums for Humana Part D jumped from $21.80 to $38.70. Medicare Part D is priced at $41.55 and Part D Medicare comes in at the slightly lower price of $38.80. Humana’s standalone market share coverage has dropped to 18.6% whereas their Medicare Part D policies have increased to a market share of 12.8%.
± Easy Medicare Supplement Insurance Quotes
A. At MedicareNational.com, you can now compare rates online with our Medicare Supplement Quote Engine. Keep in mind that not all of the insurance companies allow us to publish their rates. That is why it is best to call us for a no-pressure (ever), no-hassle quote. We can help you find the lowest rates in your area, easy! Best of all, your privacy is everything to us. We will never sell or rent your information to anyone!
What’s Medicare Supplement Insurance (Medigap)?
Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
Medicare Supplement Insurance
Your share of medical costs and related expenses can quickly add up and the options and terminology can be confusing. Medicare Supplement insurance may help you pay for medical care that isn’t covered by the federal Medicare program. Our knowledgeable insurance agents help simplify the process so you can weigh your options and choose the best combination of benefits for your physical–and your financial–well-being.
Medicare Supplemental Insurance
Why do I need a Medicare supplement? Even though Medicare will cover a large portion of your Medical expenses there are many gaps left for you to pay. These gaps can easily deplete a person’s financial resources when they are on a set budget. A Medicare supplemental insurance policy can cover most or all of the Medicare costs left unpaid and the policies are affordable for most people. A majority of people turning 65 can find insurance in the $95 to $150 price range that will cover all the deductibles and co-payments. When turning 65 there is no underwriting and all Medicare supplement policies are guaranteed renewable. Because insurance premiums can vary wildly by location, age, insurance company, and other criteria it is important to request quotes from and independent agent before purchasing a Medigap plan.
Medigap (Medicare Supplement Health Insurance)
A Medigap policy is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover. If you are in the Original Medicare Plan and have a Medigap policy, then Medicare and your Medigap policy will each pay its share of covered health care costs. Generally, when you buy a Medigap policy you must have Medicare Part A and Part B. You will have to pay the monthly Medicare Part B premium ($96.40 in 2011 for most beneficiaries). In addition, you will have to pay a premium to the Medigap insurance company. As long as you pay your premium, your Medigap policy is guaranteed renewable. This means it is automatically renewed each year. Your coverage will continue year after year as long as you pay your premium. In some states, insurance companies may refuse to renew a Medigap policy bought before 1992. Insurance companies can only sell you a “standardized” Medigap policy. Medigap policies must follow Federal and state laws. These laws protect you. The front of a Medigap policy must clearly identify it as “Medicare Supplement Insurance.” It’s important to compare Medigap policies, because costs can vary. The standardized Medigap policies that insurance companies offer must provide the same benefits. Generally, the only difference between Medigap policies sold by different insurance companies is the cost. You and your spouse must buy separate Medigap policies.Your Medigap policy won’t cover any health care costs for your spouse. Some Medigap policies also cover other extra benefits that aren’t covered by Medicare. You are guaranteed the right to buy a Medigap policy under certain circumstances. For more information on Medigap policies, you may call 1-800-633-4227 and ask for a free copy of the publication “Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare.” You may also call your State Health Insurance Assistance Program (SHIP) and your State Insurance Department. Phone numbers for these Departments and Programs in each State can be found in that publication.
Aflac Medicare Supplement
As it is well know, the core of Aflac’s business philosophy is to design insurance policies that help their customers with those out-of-pocket expenses not covered by major medical insurance. Aflac has continuously and successfully developed products to meet the needs of individuals in this market since they were founded in 1955. So it is a natural progression for Aflac to offer Medicare supplemental insurance as well. Aflac and Medigap make a good marriage. Good for the company, good competition in the Medicare supplement industry, and ultimately good for seniors who purchase Medigap.
Medicare Supplement Insurance
Our Guide to Medicare: Helping You Navigate the Medicare Maze is available. It will provide valuable information as you educate yourself on the ins and outs of Medicare Part A and B, and will help you consider Medicare Supplement insurance to cover the high-cost of medical care. Printable versions of the “Turning 65 Checklist” and “Already 65 Checklist” are included in the guide.