Your Medicare coverage choices
There are 2 main ways to get your Medicare coverage— Original Medicare (Part A and Part B) or a Medicare Advantage Plan (Part C). Some people get additional coverage, like Medicare prescription drug coverage or Medicare Supplement Insurance (Medigap). Use these steps to help you decide what coverage you want:
How to Choose the Best Medigap Plan
Medigap health plans are basically bookkeeping operations. Unlike Medicare Advantage plans, Medigap plans don’t make any decisions about what to cover. They don’t have networks of doctors or hospitals. All they do is pick up a specified share of your medical bills that Medicare doesn’t pay, such as Part A or Part B deductibles or co-pays. If Medicare paid for it and you still owe a part of the bill, Medigap will pay it, no questions asked.
A Guide to the Best Medicare Plans
The primary step is to reassess your health care requirements. Take a look at your current medications and how often you visit your health care providers. Plan benefits and premiums in the Medicare insurance sector are continuously changing. It may be time to change your plan despite the fact that you’d like to stick to your current coverage. Make a thorough comparison of your list to other available plans to get hold of the best Medicare plan. It is an excellent idea to consult your friends and relatives before you purchase a plan. However, keep in mind that the Medicare plan that is ideal for your friend may not work out for you or may not fit your health care requirements. The wide variety of the available Medicare plans can make the choice a little difficult. However, if you want to get hold of the best Medicare plan, make a comparison between benefits and quotes in the 2013 Medicare Open Enrollment period. The last thing to keep in mind is never work with an agent who does not have the marketing rights to sell all types of the best Medicare plans.
Medicare.gov: the official U.S. government site for Medicare
Features of the Best Medicare Supplemental Plans
People who are already enrolled in Medicare can also be eligible to enroll in supplemental insurance, which is sold and marketed by private companies. Traditional Medicare (which includes hospital insurance under Part A and medical insurance under Part B) pays for most, but not all, services related to health and medical supplies. A best Medicare supplemental insurance plan must be able to cover the “gaps” left out by traditional Medicare such as deductibles, coinsurance and copayments. These expenditures can really add up particularly for people who are hospitalized or require skilled nursing home services. This plan also pays for medical services a person seeks outside the country and preventive services not approved by Medicare. People who are enrolled in Part A and B of Medicare and also in best Medicare supplemental insurance plan, the Medicare first pays its share of approved medical services and then Medigap pays its share of the cost.
The Best Medicare Part D Plans of 2017
Medicare Part D Plans are designed to help make out-of-pocket expenses of prescription drugs more predictable and affordable. A wide range of commercial insurance companies, such as Blue Cross Blue Shield, SilverScript Choice, and AARP MedicareRx Preferred, offer Medicare Part D Prescription Drug Plans to fit nearly every budget. With a stand-alone Medicare Part D Prescription Drug Plan, you can enjoy simple and reliable protection from the added expense of prescription drugs. Even if you are relatively healthy, the assurance of knowing you have prescription coverage is worth purchasing supplemental prescription coverage.
Medicare Supplement Plans in 2018
Plan G is quickly gaining in popularity due to its great coverage and lower premiums than Plan F. In fact Plan G is almost identical to Plan F in coverage except you must pay the annual Part B deductible ($147 in 2015) yourself with Plan G. After you pay this the plan pays 100 percent just like Plan F does. Many people already on Plan G will remain there as they consider it to be one of the best Medicare supplement plans for 2018.