Medicare Supplemental Insurance Quotes - Medicare Supplements Made Easy

Medicare Gap Plans

Roughly three months before you turn 65, you become one of the most popular people in your area! Phone calls, mailers, and sometimes even emails pour in, leaving you confused and worried about making the best decision for your healthcare for the remainder of your life. The first step you must take is learning about Medicare insurance supplements, otherwise known as Medigap insurance.

Medicare is a government-run healthcare system designed to cover 80% of all doctor and hospital bills, leaving you with a remaining 20% to cover yourself. That’s not all. Medicare also leaves you exposed to three other gaps that could leave you paying thousands of dollars a year. The first is the Part A hospital deductible of $1132 every 60 day benefit period. Visit the hospital more than once in a year? Well, that Part A deductible alone will leave you paying thousands. The second is the Part B, or hospital deductible, of $162 annually. The third, and becoming the most important, is what’s referred to as Part B Excess. Part B Excess refers to the extra 15% that notorious doctors and hospitals can charge BEYOND Medicare that you are responsible for out of pocket. For example, if you needed to have open heart surgery, which is roughly $100,000.00, the best doctors could charge you an extra $15,000.00, called Part B Excess. Obviously, it’s of vital importance to cover these costs that Medicare leaves you exposed to.

Medicare gap plans are the only way to make sure that you are completely covered from these devastating costs. There are several different letter plans with Medicare gap insurance. When you have a medigap insurance policy, there is no network to abide by. You can go anywhere in the US for your care. Furthermore, there is no need for referrals. If you want to see a certain doctor, you are able to do so as many times as needed, no questions asked. The most comprehensive letter plan of medicare gap insurance is Plan F. With Plan F, as long as you fulfill the affordable monthly premium, you will have absolutely no copays and no deductibles when it comes to doctor and hospital. This prevents you from being exposed to any out of pocket cost.

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