Making Michigan National Medigap Plans Simple From Easy Medicare Advantage
12:46 AM
Medicare supplemental (Medigap) has twelve standard plans. These plans help pay some of your costs in the original Medicare plan and some of the health care costs that the original Medicare does not cover.
Plans A through L offers a different set of benefits, fills different gaps in Medicare coverage and varies in cost. Basic benefits offered in plans A through J differ from basic benefits for Medigap plans K and L. These plans are planned to have lower monthly premiums but higher out of pocket costs.
Having a Medicare Advantage Plan like a Medicare Health Maintenance Organization (HMO plan means you do not need a Medigap policy. If you live in Massachusetts, Minnesota, or Wisconsin, you have different standard Medigap plans to purchase.
All Medigap plans must cover certain basic benefits. These basic benefits are as follows: Medicare Part A Coverage: * Coinsurance for hospital days 61-90 ($267 in 2009) and * Coinsurance for each day 91-150 ($534 in 2009) (up to 60 days in your lifetime) * Cost of 365 extra hospital days in your lifetime, once you've used all Medicare hospital benefits Medicare Part B coverage: * Generally, all coinsurance and co-payment amounts after you meet the $135 (in 2009) yearly deductible for Medicare Part B * The first three pints of blood
High deductible options are in Plans F and J. In 2009, you will first have to pay $2,000 in health care expenses before a plan pay anything if you choose the high deductible options on Medigap plans F and J. This amount can go up every year. You cost will go up if you get sick having a high deductible policy with lower premiums.
The basic benefits for plans K and L include similar services as plans A-J, but the cost-sharing for the basic benefits is at different levels. The annual out-of-pocket limit increases each year for inflation.
Medicare Select is a type of Medigap policy that can cost less than standard Medigap plans which is in addition to the A through L standard Medigap policies. You can only go to certain doctors and hospitals for care if you enroll in Select. You need to check with your state's insurance department to find out whether or not Medicare Select policies are available in your state.
Plans A through L offers a different set of benefits, fills different gaps in Medicare coverage and varies in cost. Basic benefits offered in plans A through J differ from basic benefits for Medigap plans K and L. These plans are planned to have lower monthly premiums but higher out of pocket costs.
Having a Medicare Advantage Plan like a Medicare Health Maintenance Organization (HMO plan means you do not need a Medigap policy. If you live in Massachusetts, Minnesota, or Wisconsin, you have different standard Medigap plans to purchase.
All Medigap plans must cover certain basic benefits. These basic benefits are as follows: Medicare Part A Coverage: * Coinsurance for hospital days 61-90 ($267 in 2009) and * Coinsurance for each day 91-150 ($534 in 2009) (up to 60 days in your lifetime) * Cost of 365 extra hospital days in your lifetime, once you've used all Medicare hospital benefits Medicare Part B coverage: * Generally, all coinsurance and co-payment amounts after you meet the $135 (in 2009) yearly deductible for Medicare Part B * The first three pints of blood
High deductible options are in Plans F and J. In 2009, you will first have to pay $2,000 in health care expenses before a plan pay anything if you choose the high deductible options on Medigap plans F and J. This amount can go up every year. You cost will go up if you get sick having a high deductible policy with lower premiums.
The basic benefits for plans K and L include similar services as plans A-J, but the cost-sharing for the basic benefits is at different levels. The annual out-of-pocket limit increases each year for inflation.
Medicare Select is a type of Medigap policy that can cost less than standard Medigap plans which is in addition to the A through L standard Medigap policies. You can only go to certain doctors and hospitals for care if you enroll in Select. You need to check with your state's insurance department to find out whether or not Medicare Select policies are available in your state.
About the Author:
Fand additional information and questions please forward correspondence to the Easy Medicare Advantage Team at info@ezmedicareadvantage.com
You can leave a response, or trackback from your own site.