If you are someone above the age of 65 or have a medical condition, you are probably aware of what an ‘Original Medicare’ (Part A and B) means and promises. While Part A provides hospital insurance, and Part B (medical insurance) covers doctor visits along with some screenings, vaccinations etc. Many unplanned expenditures often occur in the form of additional prescribed diagnosis that may be needed for an ailment. This may include prescribed X-rays, blood tests etc., that are not covered under ‘Original Medicare’ (Part A and B).While Original Medicare covers a patient for almost all of the expenses pertaining to health-care along with the necessary medication and supplies; it is exclusive of certain other surplus expenses, which are often not included. At such times, Medicare Supplemental Plans are the best option to ensure least out of pocket expenditure.
Getting a Medicare supplement plan, alternatively also referred to as ‘Medigap’, enables patients to support payment for few services that ‘Original Medicare’ may not encompass. They are sold by private companies and have customized options for versatile healthcare needs. A well-placed Medicare Medigap plan is quite likely to reduce the ‘Original Medicare’ cost burden significantly. Apart from the financial support, a well thought and customized Medigap plan can bring several benefits to the patient. These include:
- A Medicare supplement plan that include full or part balance expenditure that may not be covered in the Medicare Part B.
- Security of overseas coverage for frequently travelling patients
- Assured acceptance, without any extra premium for existing health condition, when a patient buys Medicare Supplement plan during the Medicare Supplement Open Enrollment Period.
- Standardized Medicare Supplement plans are automatically renewable after every year,as long as the patient is paying all premiums.
- Unlimited accessibility of hospitals that participate in Medicare
- Customized approach for a suitable plan targeted for individual needs.
Except minor differences in Medigap plans in Massachusetts, Wisconsin, and Minnesota, law regulates policies for all the 10 standardized Medicare Supplement plans in 47 US states. It is important to note that Patients need to keep their Original Medicare insurance and continue paying Part B premium when they get a Medicare Supplement plan. Medicare Supplement plan is an individual plan and is not extendable to spouse and children. It may not cover specific medical procedures like routine vision and dental examinations and treatments, patient care etc.
To explore the best of Medigap plans in the United States, you should be able to look out wide. There are numerous insurance companies and they are different packages that you can take advantage. Gone are the days we have to rely only on what people tell us about health coverage. The advent of the internet has made it easier for us to browse through some of the best health coverage in the country. The doctors are also available to ensure you get the best Medigap plan.