Medicare Supplemental Insurance Quotes - Medicare Supplements Made Easy

Medicare Supplemental Insurance in Naples Florida Part 3

Posted by Adam Patterson

As discussed in the previous two articles; Medicare Supplemental Insurance in Naples Florida Parts 1 & 2, there are many expensive gaps that one can fall into financially, if one does not protect themself against them with the right insurance.

There are many different Medicare Supplements one can buy to fill in the gaps that Part A and Part B leave behind. The best way to explain it to a person who has never seen any of the different lettered plans is to start with the most comprehensive.

Medicare Supplement Plan F to date, covers a Medicare Beneficiary for all the gaps that Part A and Part B leave behind. Lets us take a look at what this plan covers person for.

1. Medicare Part A Coinsurance hospital costs up to additional 365 days after Medicare benefits are used up.
2. Medicare Part B Coinsurance or Copayment (Except for preventative services)
3. Blood (First 3 Pints)
4. Skilled Nursing Facility Care Coinsurance
5. Medicare Part B Deductible. 162.50 paid annually, before any Part B expenses are covered.
6. Medicare Part B Excess Charges.
7. Foreign Travel Emergency (Up to Plan Limits)
8. At Home Recovery (Up to Plan Limits)
9. Medicare Preventive Care Part B Coinsurance.

If one does not own Medicare Supplement Plan F then one could be at risk for any of these 9 “gaps” that traditional Medicare leaves behind.

There are many other plans to discuss; to get a full view of the full list of plans offered by Medicare that insurance companies are licensed to sell to the American Medicare Beneficiary public, go to the home page of Medicare Supplements Made Easy to see what all the plans cover.

Every person on Medicare Part A and Part B are also required to have what is deemed credible coverage for drugs, which is what Part D of Medicare is reserved for. If you do not have “credible coverage” (coverage that covers as good if not better than what Part D covers for Rx), then a person will face a 1% penalty for every month that person went without coverage that they were eligible for coverage. Long story short; make sure you have drug coverage to avoid the penalty and also to avoid not having coverage at a time of the year when you cannot sign up for coverage, thus having to pay the full cost of that particular drug.

There are currently 27 different prescription drug plans to choose from and shopping them all can be confusing. That is why having an expert do it every year for free for you is the most sought after way to find the most affordable coverage.

The Medicare experts at Medicare Supplements Made Easy shop the plans for every person they file a Medicare Supplement for, for free.

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