Plans A and B
Plan A provides basic coverage for hospitalization, medical expenses, and hospice care.
Plan B includes the same basic benefits, plus coverage for your Part A deductible.
Plan C offers more coverage than plans A or B. In addition to hospitalization, medical expenses, and hospice care, plus coverage for the Part A and Part B deductibles, plan C covers skilled nursing care and emergency care abroad.
Plan F offers the basic benefits, plus coverage for both the Part A and Part B deductibles, skilled nursing care, emergency care abroad, and 100% of Part B excess charges (the difference between what a doctor or provider charges and the amount Medicare will pay up to Medicare's limiting amount). Plan F also has a high-deductible option that can lower your premiums.
Plan G includes basic benefits, plus coverage for the Part A deductible, skilled nursing care, additional costs like Part B excess charges (charges above what Medicare pays) and emergency care abroad.
Plan K and L
These lower-premium policies cover a range of basic benefits and medical costs, including the Part A deductible, skilled nursing care, doctor's services and hospital care. The plan pays a percentage of your costs and then you are responsible for a portion. Each plan has an out-of-pocket maximum, which limits the amount you will have to pay each year.
Plan N offers the same basic benefits. It includes an office copayment of up to $20 and an emergency room copayment of up to $50. The plan also covers costs for the Part A deductible, skilled nursing care, and emergency care abroad.
Medicare Supplement Plans ARE Created Equal
On pages 81 and 82 of the "Medicare and You" Guidebook, provided by the US government, it tells us that all Medigap (Medicare Supplement Insurance) plans are the same. The benefits must be identical, as they are strictly enforced by the government
The price, or commissions a company wishes to embed within the price, is the only difference between a Plan F from Company A or Plan F from Company B. The benefits are all the same. Today, all companies utilize electronic claims payment. They absolutely MUST pay the bill on Medicare-approved claims. While it is important to shop with “A” rated carriers for strength, it is equally important that seniors not fall in love with a brand name with Medicare Supplement insurance. Why? Because a policy with one company does not pay any more benefits than the policy with the lesser known company brand. They all function exactly the same.
Seniors often tell us, “Well, I’m happy with the company I have had for 5+ years because they pay all of the bills.”
They have to pay all of the Medicare claims!
That is the legal requirement of each and every participating company that offers Medicare Supplement insurance.
You will not find one thing different between the bills that were paid with the more expensive companies than the bills paid by the less expensive companies. You can pay for glitzy television commercials, blimps that fly over stadiums, or salaried insurance agents – all in order to get that brand name, but the cost is reflected in your monthly premiums.
The best possible solution is to have an independent insurance brokerage service provide you with ALL of the available options in your specific zip code. When you contact our Licensed Medicare Advisors, we can show you right on your computer monitor all of the companies offering YOUR exact same plan, side by side.
Our free shopping service typically saves $700 per year for one person or $1,400 per year for a married couple, simply by having us shop the rate on the best value in the marketplace.
What changes? Only the logo on your insurance card. The service will not go down, the bills will still get paid, and yes, YOUR doctor will still accept the insurance, as it is all filed electronically through Medicare.
Not connected with or endorsed by the U.S. Government or the Federal Medicare program.
This is a solicitation for insurance. An insurance agent/producer may contact you.
Medicare supplement policies have exclusions, limitations and terms under which the policy may be continued in force or discontinued. For cost and complete details of the coverage, contact your insurance agent