Medigap Insurance Rates
02-15-2011
Joining the Medicare system can be extremely daunting and extremely confusing. Sifting through the piles of mail you receive every day on top of the phone calls from different insurance companies can leave you feeling overwhelmed and even helpless. Luckily, understanding the Medicare system is not nearly as hard as it seems. I will first explain the four parts of traditional Medicare, the gaps they expose, and ways to cover the gaps with secondary insurance.
Traditional Medicare is nationwide, government-run healthcare system that is designed to cover 80% of its beneficiaries’ doctor and hospital bills. It is essentially a reward to hardworking citizens that have paid into the Medicare system their entire working career that are 65 and older. There are four parts to Medicare, Parts A through D. Part A is Medicare’s form of hospital coverage. Before Medicare will step in and pay 80% of your hospital bills, you must fulfill an $1132 deductible every 60 days you enter the hospital. That is a huge gap in coverage that could end up being quite costly! Part B is Medicare’s form of doctor coverage. Before Medicare will step in and pay 80%, leaving you with the remaining 20%, you must fulfill an annual deductible of $162. Part C refers to Medicare advantage. Medicare Advantage plans strap you to a strict network of doctors and hospitals, may require you to have a referral to see a specialist from your primary care physician, and leaves you exposed to high amounts of out-of-pocket expense. Simply put, Medicare Advanatage plans are not actually advantageous at all. Part D refers to prescription coverage. There are a multitude of Part D plans in zip code. Each plan has a premium, normally ranging from $20 a month up to $70 a month. Besides the premium, there are copays when you pick them up from the pharmacy or get them mailed to you. Medicare Supplements Made Easy has friendly agents that will gladly look up your best plan dependent on your prescriptions and get you signed up quickly and easily.
In fact, if you’re looking for the best companies and Medigap insurance rates in your zip code, the easiest thing to do is to visit Medicare Supplements Made Easy , type in your zip code, and get your FREE Medigap Insurance rates. It really is that simple! You could also call the 800 number and speak to a live, Medicare expert who will answer all of your questions. Call or click today!