Medicare supplement plans for 2018. What are they
why do you need one and how do you choose the right plan
I'm Russell noga with medicines . com stay tuned we'll learn all those things
and more
medicare supplements were designed right alongside Part A and Part B Medicare to
help pay for the gaps these gaps include things like deductibles co-payments and
coinsurance that Original Medicare doesn't pay
a medigap plans which are offered by private insurance companies can help pay
some or all of these gaps depending on which plan you choose people with Part A
and B Medicare are responsible for paying these gaps for example if you're
admitted into the hospital and Medicare you'll have to pay a large deductible of
twelve hundred and sixteen dollars for each benefit . there's also a deductible
for Part B Medicare of a hundred and forty seven dollars annually
this will need to be paid prior to part be paying eighty percent of doctors
bills other expenses include the twenty percent co-insurance that Medicare Part
B doesn't pay
along with hospital coinsurance after a certain amount of days so as you can see
these expenses can get pretty costly a Medicare supplement plans in 2018 give you the
peace of mind knowing that most or all of your medical bills will be paid
the question is which play a letter to you choose
so as you can see there's quite a few different plans to choose from Medicare
supplement plans are designated in letters a thru n and although these are
offered by private insurance companies Medicare standardizes the plans and what
that means is Medicare requires that each company offer the same benefits
within each plan letter for example a mutual of omaha medicare supplement plan
f is identical to a plan out from Cey at not now although the coverage and the
plans are standardized the premiums are not from each company therefore it makes
it extremely important to check the rates
once you choose a plan from all of the top carriers because they will all have
different premiums even Medicare in its own publication choosing a medigap
policy on page 19 states there can be big differences in the premiums that
different insurance companies charge for exactly the same coverage so now that
you know you need to shop the rates once you choose a plan so you don't end up
overpaying
it's not to choose a plan there are a few Medicare supplement plans of the
most popular due to outstanding coverage those plans our plan f g and plan and
medicare supplement plan f is the most comprehensive plan offered by medicare
pays one hundred percent of the gaps in part a and Part B so all of your
approved expenses will be paid a hundred percent and you'll never get a bill
it's also the most expensive plan out there so be sure to check the rates from
all of the top carriers medicare supplement plan G is almost identical to
plan except for one small difference on plan G you must pay the 147 dollar
annual part b deductible first before Medicare pays anything after you meet
this deductible plan G will pay a hundred percent of the gaps just like
Plan F but plan G has lower premiums an effing usually will save you money and
then there's medicare supplement plan and now plan and has lower premiums in
both Plan F and plan G with plan and you still pay the annual part b deductible
of a hundred forty seven dollars after which you might have a copay of up to
twenty dollars per doctor's visit
also if you visit the emergency room on plan and you'll have a fifty-dollar
copay if you're not admitted plan and also does not cover party excess charges
now i have a separate video for each of those plans where I go into more detail
about their benefits to find those videos just click the links below in the
description
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to help you understand more about Medicare supplement plans
also feel free to comment
ask any questions down below and I'll be happy to answer them for you and to get
instant quotes online for any of the Medicare supplement plans for 2018 i talked about
today
simply visit my website at mess ups . com or you can always call and speak to
me directly at 88 89 10 - 29
thanks so much for watching stay happy stay healthy and I can't wait to talk to
you soon
the question is which plan letter to you choose where the letters