Category Archives: Medicare

Uncover The Importance of Disability Insurance for Medical Residents

Disability insurance is as important for medical residents as it is for anyone. If a person’s income earning potential is taken away, he or she can be looking at a bleak future. In the case of medical residents, hard work has poised them to earn a higher than average salary in a matter of a few years. Illness or injury now or at some future point can completely nullify that potential. Disability insurance is security for an insecure world in case the worse happens and you are robbed of those dreams. By getting it in place now, you can even guarantee your rates up to age 65.

Disability Coverage Available for Medical Residents 

Many insurance companies offer special amounts of disability insurance coverage specifically for resident physicians and interns. These higher than usual limits do not reflect present salaries but rather future-earning levels that are all but guaranteed once you have made it to that point in your studies. Insurers recognize the path you have taken and where you are going financially. For this reason it is common to find disability insurance coverage of $3500 per month and more for residents. By opting to put this coverage in place now, you can even lock in the cost and coverage through age 65.

As soon as you have a written employment contract in the final year of your residency, you can put in place an even higher level of disability insurance. The agreement serves as your income verification, which is needed for the higher levels of coverage.

The standard offerings for disability insurance coverage include: $2500 monthly for medical interns, $3500 for medical residents and $4500 for physicians in their first year of practice. These numbers are guidelines and specific circumstances can be higher.

Residents Can Save on The Cost of Disability Insurance 

While residents and physicians in their first years of practice know that higher income levels are on the horizon, that doesn’t change the fact that they are living on a budget now. Therefore, keeping spending under control is as important for them as it is for anyone. A graded premium disability insurance program can help save money during this time, even as much as 25% of the guaranteed level insurance cost.

Basically the graded premium policy starts lower than the guaranteed level coverage and increases annually. However for those starting out it is a great option to save money. Just be sure there is an option in the policy to convert to a guaranteed level policy and do so as soon as possible. This preserves your insurability and gives you the best coverage you can get at the lowest rate possible.

Put specialized disability insurance for medical residents in place now and secure your future in a tangible way.

The Many Different Types of Medicare Advantage Plans

Medicare Part C, also known as the Medicare “Advantage” Plan, is a recent addition to Medicare health insurance. It is full of additional options for those receiving healthcare coverage through Medicare. Because it is “privatized,” your insurance company takes over and manages all of your Medicare benefits while following government regulations.

For those receiving Medicare, Part A pays for in-patient care at hospital, hospice care, nursing home care, and in-home medical care. Medicare Part B covers most of a patient’s medical expenses, while Medicare Part B covers nearly all of a patient’s medical expenses for general care by a doctor. Medicare Advantage plans combine everything that Parts A and B cover while also covering the cost of prescription medicines.

Thanks to all of the benefits Medicare Advantage plans offer, they have become very popular. With these plans, Medicare recipients can stay longer in hospitals, pay lower fees for doctor’s visits, and receive prescription drugs at a lower price. Also, recipients no longer need to be referred by a primary physician – you can receive care from the doctor or hospital of your choice without a referral.

Medicare Advantage plans are available throughout the United States through private insurance companies. Under government laws, Part A and Part B are always included in Advantage plans. Medicare Advantage plans can be HMO plans, PPO plans, or Private Fee for Service plans. The most popular choice is the HMO Advantage plan because it allows Medicare recipients to pay low or zero monthly premiums, and the lowest out-of-pocket expenses. Keep in mind that HMO Medicare Advantage plans are only available in metropolitan areas where a large number of Medicare recipients reside.

Conversely, a Medicare PFFS or Private Fee for Service Advantage plan permits the Medicare recipient to see the doctor of their choice as well as any hospital of his or her choice in the United States. Naturally, this type of Medicare Advantage plan is extremely popular among Medicare recipients because of the freedom it allows.

In the United States, Medicare Advantage plans are now offered in 98% of counties. Back in 1996, only a meager 15% of American counties offered these plans. According to the 2007 statistics reported on Medicare Advantage plans, the average American pays $736 in monthly premiums, although the actual monthly payments between states can vary from $500 to over $800 per month.

You should be advised that Medicare plan holders, who do not have End Stage Renal Disease (ESRD), or kidney failure, can qualify for a Medicare advantage plan. For anyone that is suffering from kidney failure, there are some counties that offer plans specifically for those that have kidney failure. Your Medicare plan must cover at least what traditional Medicare does, and it may cover more.

As you can see, the Medicare Advantage plan really does include many advantages. Your doctor visit co-pays are cheaper, prescription drugs cost less, and you have more freedom to choose the doctor and hospital that is right for you.

Should You Obtain Disability Insurance?

Nobody thinks that a long-term disability will happen to them but the odds are not in your favor. According to the American Council of Life Insurers, one out of three Americans ages 35 to 65 will become disabled for more than 90 days. One out of seven Americans will be disabled for a period of over five years. Still think it can’t happen to you because those represent freak accident? Well consider the fact that most disabilities are caused by illnesses such as heart disease of cancer. When you are disabled the loss of income can be so bad that if you are not protected you may soon find yourself in the poor house.

Fortunately there is disability insurance. Disability insurance is usually offered though your work sponsored health insurance plan and can cover up to 60 percent of your salary should you experience a long-term disability. Private and supplemental plans can cover up to 80 percent of your salary, but none will offer you 100 percent for fear that you will then never be motivated to return to work. Benefits usually last for a certain period of time or until you reach retirement age. Benefits will usually stop at retirement age as you would no longer then be dependent on work generated income to live. If you have to pay for the premiums yourself, any benefits that you would receive would be tax-free.

Long-term disability plans will vary as much as the colors in the rainbow. Some will offer wonderful coverage and be a bit costlier and some will be cheaper but also full of holes. Typically if you are trying to save a lot of money and go with a really cheap plan you will find it ultimately worthless.

It is worth knowing that there are different types of long-term disability plans and you can either obtain a group plan or an individual plan. A further breakdown follows:

  • Group Disability Insurance Plans: The first thing to do if you are not self-employed is to inquire with your employer to see if they do in fact offer long-term disability coverage. About half of the businesses in the US that are mid to large sized do offer a group plan, but even if your work does it may not suit all your specific needs.

Typically a group plan will cover you for 60 percent of your salary and this can be offset by other benefits that you may receive such as social security or workman’s comp. But many group plans have a cap and if their cap is $60,000 per year and you make $200,000 per year you will receive considerably less than the 60 percent.

Another drawback is that most group policies will limit the time they will pay out benefits to only two years. Once that time is up if you can’t return to work you are left holding the bag so to speak with your bills.

  • Individual Disability Insurance Plans: These plans are for those who are self-employed or for those who are looking to supplement what they have through work. For supplementing this can be great because you can get additional coverage of another 10 to 20 percent above what you will get through your work’s group plan. You may also be able to get individual coverage for six figure salary plus bonus money, which will not ever be offered by a group plan.

If you can afford to supplement it is really a no brainer. You cannot put a price tag on piece of mind and because you never know what will happen from day to day it pays to be covered. That extra 10 to 20 percent could mean the difference of you keeping your house or losing it to foreclosure.

Unfortunately obtaining an individual disability plan can be a tricky business. There are a huge variety of factors that go into determine what your premium will be such as your age, gender, health, occupation, and more. Also the amount of coverage you desire will effect what your premium will be. So there is really no set price as each person will vary according to their needs and their circumstances.

One major consideration to make before you get coverage is to determine how long you could survive after a disability without any help. Every plan will have what is called a waiting period and these can vary from 30 days to 120 days. The shorter the waiting period, the higher your premium will be. So one way to save money on your premium is to go with a plan that has a longer waiting period, but you must be sure that you will be able to weather the storm for the allotted amount of time.

You will then need to decide what riders or extras you want. Some of the riders will cost you, and cost you big, but they can be life savers. For example, ‘own occupation’ coverage will cover you if you cannot perform the exact same job as you did before you became disabled. This can cost you an extra 40 percent on your plan but if you can afford it you may want it.

Protect Your Family with California Health Insurance

Living in California without any sort of health insurance coverage can be dangerous for you financially. Having health insurance protection is important for you and your family. Emergencies occur at unexpected times; having health insurance means you are prepared for such events. Of course, everyone hopes that their loved ones will not have to face a serious medical condition of any kind. Still, the reality is that accidents do happen.

When you have to deal with a large and unexpected medical bill, having a California family health insurance policythat covers your family will help ease your stress. Most injuries and medical needs can be paid for with the help of insurance providers, such as automobile accident related injuries and broken bones. Sadly, many people without health insurance don’t visit doctors even when they know they should, just to avoid having to pay the associated costs.

Without health insurance, you may have to resort to taking out a loan just to care for the high cost of modern medical care. But you can avoid all that by purchasing health insurance for your family. You can find low cost insurance that you will be able to afford. By doing some comparison-shopping and getting quotes from smaller providers as well as large companies like Kaiser, Anthem Blue Cross or Blue Shield, you can find a reasonable rate.

Insurance providers face a market full of stiff competition; that’s why they have to offer you ever better premiums. You can get free quotes from many health insurance companies that will allow you to choose the best one for you. Even small companies can offer some great rates on health insurance policies.

Prescription Drug Coverage and Medicare Supplement and Advantage Plans

If you are close to the age of 65 then you have probably been researching all ofthe benefits associated with Medicare health insurance. Because there are so many different plans with many advantages, it may be very difficult to decide what plan best fits your needs.

The Medicare Advantage Plan (Part C) is one of four different parts of the Medicare health care system. This plan allows those with Medicare parts A and B to receive coverage from a private insurance company that is government-approved. Medicare Advantage Plans consist of plans such as Preferred Provider Organization (PPO) plans and Health Maintenance Organization (HMO) plans. The largest and most well-known weakness of the original Medicare plan is that is does not cover the cost of prescription drugs. So, if you would like coverage for prescription drugs then you have a few options to choose from.

The Medicare Part D plan is obtainable to anyone who has original Medicare (Parts A and B). This plan is designed to provide coverage for the costs of prescription drugs. This plan is available through private insurance companies that have been approved by Medicare. If you have a supplemental Medicare insurance policy (Medigap), it may actually cover prescription drug costs. If it does not, then you can obtain a Medicare Prescription Drug Plan with Medicare Part D, but you must notify your insurance company if you choose to do so. It is also important to know what benefits your plan covers because supplemental Medicare plans will not always cover prescription drug costs.

Consider Medicare Part C (Medicare Advantage Plan) if you decide not to use Medicare Part D, or supplemental Medicare insurance. At an additional cost, these plans may offer prescription drug coverage through private insurance companies. So, if you obtain one of these plans then supplemental Medicare insurance will only be an alternative. Remember to check for additional coverage choices in your coverage history from past employers. You may have more options if your current or previous employer provided you with prescription drug coverage.

If you already own a Medicare Advantage Plan then it is not necessary to purchase a supplemental Medicare plan. Unless you completely drop the Medigap plan and use the original Medicare, it is illegal to purchase a supplemental plan. In addition, it is very difficult to get a supplemental plan in the future if you ever drop it, so be very careful. Before you ever make a decision that could affect your long-term health coverage, always discuss these issues with your insurance company or your State Health Insurance Assistance Program.

As you age, getting prescription drug coverage is always going to be an important component in any health coverage plan. Because you never know what health situations may arise, it is very important to choose a plan that covers prescription drug costs. So, if you choose Medicare insurance or a Medicare Advantage Plan, make sure to have some form of prescription drug coverage so you will be prepared for any medical situation.

Not Having Disability Insurance can Really Hurt!

You are young and vivacious and buying disability insurance is probably not very high up on your list of things to do. Besides, you work a desk job so what are the chances you will ever need it?

No one expects to become disabled, yet it happens every day and usually without warning. Having disability insurance is an effective way to protect your lifestyle in the event you are no longer able to earn and income.

What injuries and illnesses account for the most disability claims?

This chart is a breakdown of the types and relative prevalence of disabilities drawn from disability insurance claims at the end of 2006.

According to the Health Insurance Association of America your chances of having a disability that will last longer than 90 days is about 30 percent if you are between the ages of 35 and 65. You may think of a disability to be something major but did you know that many disabilities are the results of broken bones, troubled pregnancies, anxiety troubles, or other events of the like?

Unless you are rich beyond your wildest dreams then you need to consider having disability insurance. What would you do if your income suddenly stopped coming in? No coverage can mean your debt piling up and putting undue financial stress on top of your disability.

Many people think that just because they have disability coverage through their work that they do not need private coverage. But the problem with most work sponsored programs is the fact that they only pay out 60 percent of your salary and they typically cap the pay out at $5,000 per month or $60,000 per year. If you are a high salary earner you can see how this amount may in fact be less than 60 percent for you. Add to that the fact that all benefits paid out are taxable because the employer is the one paying for the plan. Now that percentage has dropped again.

There is Social Security benefits that can be realized to help, but they are among the hardest to obtain. Just to qualify you have to have been disabled for at least a year and have no hope of recovery. Even if you do meet the requirements, the typical benefit is less than $2,000 per month.

To that end you may need to consider at least getting supplemental insurance or full blown disability insurance if you have none but the process can be daunting. Here is what you need to look for:

  • Company Strength: Before you make any decision about which provider you go with check out resources such as,, and where you can go and see all the different providers strengths and weaknesses. At these online resources you will get an unbiased glimpse into the companies so that you can make an informed decision.
  • Find Non-Cancelable: There are three types of terms that will determine how easy it is to renew your policy. The first is the non-cancelable contract and is worth it if you can afford it because it locks in your rate for a set amount of time and does not let the provider drop your coverage. The second, less desirable plan, is the guaranteed renewable plan which won’t let the provider drop you but will let them raise your rates at their discretion. The last of the three and the one to avoid is the conditionally renewable policy which lets the provider put any conditions it wishes inside the plan.
  • Define ‘total disability’: Look for the terms ‘own-occupation’ and ‘any-occupation’ when obtaining a disability plan. This is how your disability will be viewed. If you get own-occupation you will get disability benefits if your disability stops you from doing the job you had before the disability occurred. Even if you are able to do other part time work somewhere else that is not related to what you were doing, you will still receive benefits. However, if you have any-occupation then your disability will have to be so severe that you are unemployed and unable to work at all. Many providers will start you off as own-occupation and move you later on to any-occupation so you have to be aware of that.
  • Seek Partial Disability: Obtaining partial or residual disability means that you will get benefits if your disability still allows you to work but at a reduced capacity. For example, if you normally worked a 40 hour work week and your disability knocks you down to 20 hours, then you would receive benefits in proportion for the other 20 hours you cannot work.
  • Disability Insurance Riders: Riders are provision put into your plan that allow for change down the road. These are a good idea if you are younger and two that you will want to take a good look at are the future purchase option rider, which will allow you to add coverage when you make more money, and a rider that will adjust with inflation.

While there is no set price for the cost of coverage, you can expect to pay between one and three percent of your annual income. That is because the price you will pay depends on your age, gender, health, coverages, and other factors of the like.

One big factor that determines the premium price you will pay is the elimination period. This is the time that it takes for your benefits to kick in after the disability has occurred. Most people go with 90 days but you can get anywhere from 30 days to 720 days. The longer the elimination period, the cheaper the premium. Just be sure you can cover the cost of everyday living until your benefits kick in.

Another big determining factor is the term of the plan. Most companies will offer to cover you from two to five years, or set the term by age like 65 or 67. Many people choose to go until the age of 65 as they will have Social Security to rely on at that stage in their lives. Basically, the longer term your policy is, the more expensive it will be.

Finally your occupation is a huge factor when it comes to coverage. Providers will look at what you do for a living and determine how likely it is that they think you could become disabled. The more likely they feel you could be disabled, the higher your premiums will be. If you have a job such as construction, you may not be able to get coverage with a top name provider. You will still be able to get coverage with a smaller provider but you will likely get a stripped-down plan without all the fancy provisions. Still, something is better than nothing; especially if you find yourself with a disability.

New Changes to Medicare Supplements Coming in 2010

Medicare supplemental insurance has been available for awhile but many people in the White House believe it is time for some health care changes. In 2010, there are many new changes being made to Medicare supplements. It is obvious that not everyone will want to accept the new changes, but hopefully these changes will benefit a large portion of those with Medicare health care coverage.

There are a few changes that have already been discussed. One of these changes is that plans A through G are being phased out into new plans also labeled A through G. However, the old plans will not be totally phased out because those currently under the old plans will be grandfathered in and they will still be covered under those plans.

You must know that those that are just signing up for plans A through G will not necessarily receive the “new”Medicare supplement plans. This is due to the fact that they will be the same as the “old” plans. As you can see, this process is quite confusing, so make sure to have your questions answered before the new changes go into effect. Do your best to keep up to date with reports if you are currently under a Medicare supplement plan by researching on the Internet and reading medical news publications.

Another confusing aspect of the new changes to Medicare supplements is that those currently enrolled in plans A through G by June 1, 2010 will be placed in “closed risk pools.” A closed risk pool means that people in the group will probably have to pay higher costs for Medicare supplement insurance.

Obviously, having rates go up may be very difficult for some people-especially those on a fixed income. In any case, after May 31, 2010, the insurance rates will be reset and the new plans will be available. For those that receive the “new” versions of the plans after June 1, 2010, there will be strong competition among insurance companies bidding for Medicare supplement business.

With increased competition, it generally means lower rates, and these lower rates have the possibility to stay in effect longer than we may expect. Frankly, it is difficult to predict how well the Medicare supplement insurance market will do in relation to premium costs. But, we can assume that in order to attract more customers, the rates will be lower in the beginning of these Medicare supplement changes.

Because of the radical policy changes occurring in the White House, we have no idea what else may change in Medicare health insurance. Just remember to stay up to date with policy and rate changes in the Medicare health care system and know that the medical news publications and Internet articles are a quick and easy way to obtain information about new Medicare changes. To avoid the confusion, just stay well-informed and educated on the subject of new Medicare supplement changes.

Medicare Supplement Plans – Should You Choose Them Over Medicare Advantage Plans?

There are two choices available to individuals seeking Medicare coverage as well as the federal health care program. They are known as Medicare Supplement plans and Medicare Advantage plans. Although these plans are somewhat similar, overall, their benefits differ greatly. You must individually consider each plan and determine which has the best options in your situation. In most instances, when you qualify medically and can afford a supplement, or Medigap plan, it is to your advantage to purchase the plan.

The best rule to follow when trying to understand the differences is to remember that Advantage plans pay as a replacement for Medicare coverage, while Supplement plans pay after Medicare coverage. Advantage plans are known as the privatized form of the federal Medicare program, and they replace it altogether. However, you must still be enrolled in the government program, but they do not pay you benefits. Conversely, Supplement plans are available to fill in the “gaps” of coverage that are not paid by the government’s program because they are designed to supplement.

There are several reasons why Supplement plans are generally more useful than the Advantage plans. Here are a few good reasons:

  • You can use supplements at any doctor that accepts the federal Medicare program; however, most Advantage plans require that you stay in the network of doctors/hospitals that they are affiliated with. Also, these networks are not fully developed in some areas, so some people may have to drive a ridiculous distance just too see a doctor or go to a hospital in their network. This situation can be very irritating.
  • Medicare supplements generally do not make use of cost-sharing, or deductibles and co-pays. Most supplement plans cover 20% of costs not provided through the federal program, in addition to one (or both) of the deductibles. On the other hand, Advantage plans make use of cost-sharing with deductibles and co-pays as a component in their plans. A great number of the Advantage plans require a co-pay of $15-$40 when you visit the doctor’s office. Also, there is a daily co-pay for hospital stays for the first 5-10 days, plus deductibles and/or co-pays for hospital admission.
  • Medicare supplements will not annually modify coverage because they have not changed and they have been federally standardized since 1992. However, Advantage plans are always modified each year, and in recent years, every change has been against the favor of the insured person.

For those over 65, the two insurance choices are Supplements and Advantage plans and there are specific benefits offered in each plan. However, if you are medically qualified and can afford a supplement plan, it is in your favor to choose the supplement for comprehensive insurance coverage for those over 65. Make sure to examine each plan and recognize what coverage you will need in your current situation before you finalize your decision. Insurance coverage is a necessity, so why not make the best choice for your health coverage?

Learning the Enrollment Application Process for Medicare

If a facility is to receive payment for procedures covered by Medicare, the facility must enroll in the Medicare program. Medicare was created and is issued by the federal government and it is a form of medical insurance for citizens age 65 or older. In order to receive payments from Medicare, the facility is required to complete a form titled “Medicare Enrollment Application for Institutional Providers” (CMS-855A). There are several ways that the facility can submit their application once they choose to enroll in the Medicare program.

There is information titled the “Provider Enrollment Packet” that the facility can request. This packet provides the step by step instructions needed to complete and submit the CMS-855A application. By logging on to the Centers for Medicare & Medicaid Services (CMS) website, the facility can also electronically submit the application. On the website they can download the application to print, or just electronically submit it.

If the facility is not a Medicare provider yet, and has not yet received Medicare payments directly into a bank account, then an electronic funds transfer (EFT) must be submitted with the CMS-855A application. Information about submitting funds electronically is given in the electronic data interchange (EDI). In order for the application to be processed, this form must be submitted with the CMS-855A application.

In addition to the enrollment application, the CMS-855A is required for any changes. These changes include any changes in billing or telephone information, any additional locations, change of ownership, stock transfer, or reactivation of an old Medicare provider number. This also includes changes of address, business name, financial information; as well as changes in management or facility directors.

Any facility that chooses to accept patients with Medicare insurance will receive a National Provider Identifier (NPI). This is a number that must be submitted on each application so the review process can be as quick and efficient as possible. Before submitting the CMS-855A forms, the NPI number should be requested.  Any forms without the NPI number will not be processed until the NPI is submitted.

Upon submission of all information and applications, the forms are reviewed for approval. To ensure that providers receive prompt payment for services rendered under Medicare, all information on file must be kept up-to-date. The person that reviews the CMS-855A form is an audit intermediary (AI). They also review the Medicare provider’s cost reports to decide what the final settlement of the cost report will be. This review helps to provide payment only to facilities that are operating within Medicare’s guidelines and costs. To ensure that facilities are only billing for services rendered, and that patients are receiving Medicare-approved services, any payments for services provided under Medicare are closely scrutinized.

The detailed application process for Medicare ensures that facilities who apply for Medicare payments have high standards. So, they are eligible to be a Medicare provider. These standards allow for Medicare recipients to receive the best care possible when a medical situation arises.

Learn the Differences between Medicare Supplements and Medicare Advantage Plans

Insurance company health plans that have a contract with CMS (Center for Medicare and Medicaid) are known as Medicare Advantage Plans. Anyone with Medicare Part A and B is eligible to receive a Medicare Advantage plan. For people with certain health conditions, Medicare also offers specialized plans; but the general plans are not allowed to reject a person based on a health condition except for very specific reasons.

If an individual is enrolled in a Medicare Advantage plan, they will not lose their Medicare. If they want to end their Medicare Advantage plan then they can re-apply for original Medicare after a month has passed. Instead of using a Medicare card, they must use the insurance card that is provided by the Medicare Advantage plan while they are enrolled.

Having a Medicare Advantage plan may cost recipients nothing, or a small fee; although many require the Part B participation amount. Instead of having a portion of tax money go to original Medicare, the plans receive a payment from CMS every month. This tax money pays for a high percentage of the Medicare Advantage Plans.

By tradition, Medicare Advantage Plans were believed to be like HMO plans, where an insured person could only use certain doctors, hospitals, and other medical providers under the plan in order for expenses to be covered. Surprisingly, many Medicare Advantage Plans are actually HMO plans; however, PPO plans are also available with Medicare Advantage. Often, Fee for Service Medicare Advantage Plans are marketed aggressively because these plans will cover any medical providers that accept the insurance.

To figure out which plan works best for you, you must assess your own medical needs and preferences. If your current medical providers have a contract with a Medicare Advantage Plan’s HMO, then you may be very pleased with comprehensive coverage that has few extra payments. If you would like to have more choices, and doctors in your area will accept a Fee for Service plan, then an “Any Doctor” plan would be a good fit for you. Keep in mind that not all doctor’s offices will work with the Fee for Service plans, although many insurance companies claim that all offices accept the plan. With PPO plans, you can receive the greatest coverage at a low price inside your insurance network, and you will still be covered even if you use a different medical provider.

The Part D plan of Medicare (prescription drug coverage) is included in most, but not all, Medicare Advantage plans. Also, beyond their normal Part B premium, most Medicare Advantage plan recipients may have a minimal, or nonexistent, monthly premium. Some Advantage plans will even refund the Part B premium altogether. If you are an applicant in poor health, you must know that Medicare Advantage Plans are not permitted to do a lot of risk selection based on health condition, so one of these plans may be the best choice for you.

Medicare Supplement Plans

The traditional Medicare Supplement plans are very different from Medicare Advantage plans. With Medicare Supplements you are able to still use your original Medicare card, in addition to the health card provided by the Medicare Supplement plan. Also, these plans are provided through insurance companies, but the insurance companies only supplement the coverage “gaps” and deductibles that original Medicare Part A and B do not cover.

If you already have Medicare Part A and B, then by having a Medicare supplement plan you will be able to pay any portion of your medical bill that is not covered by Medicare. Obviously, each Medicare supplement plan will differ from one another so you need to understand exactly what a Medicare Supplement plan will cover before you sign up. For example, Medicare may pay 80% of your hospital bill and the supplement plan will cover the remaining 20%.Medicare supplements generally provide the widest access to health care.

Choosing a Medicare health plan can be one of the most important decisions anyone eligible for Medicare can make. Because this decision is so important, choose someone skilled to help you find the right plan to fit your needs, lifestyle, and budget.