Although Medicare does offer beneficiaries a great deal, there are gaps in the coverage. In order to fill those gaps, seniors will have the opportunity to take advantage of Medicare supplement plans. While Medicare pays 80 percent of all medical costs, patients pay the other 20 percent. The 20 percent can easily be covered by supplemental Medicare plans. These plans can also cover all deductibles, co-insurance and co-payments associated with your Medicare coverage.
It is important to note that Medicare does not offer coverage for hearing, vision or dental. You would need additional coverage for those specific services.
Given that the whole process of getting enrolled in Medicare and choosing Medicare supplement plans is time-consuming, it is best that you make sure you do get enrolled on time. Waiting until the last minute to try and sort out what you need and what is best for your particular situation can cause undue stress and you stand the chance of ending up with something you did not want or need. Always ask a qualified health insurance agent for help if you are struggling with the process of getting enrolled. They are there to help you find what suits your needs and your budget.
Posted on Wednesday, October 31st, 2018. Filed under
Medicare.
There are a number of ways to save on Medicare supplements, but you definitely need to ask the right questions when shopping for what you need. To be fully informed it is best to allow at least an hour talking to a knowledgeable agent. Keep in mind that some agents only represent/sell for just one company, but others may represent multiple users, which expands your options exponentially.
What questions to ask when speaking to an insurance agent? Here is a list of some of the first questions to ask:
- Are there any value added programs that would be of benefit to me?
- Are there any value added programs that would be of benefit to me and to my spouse?
- What types of value added programs are there?
- What insurance companies offer them?
Furthermore, for couples, ask about household discounts whether both individuals are on Medicare yet or not. Also, ask about current rates, and do not forget to inquire about the company’s history of rate increases.
Of course these are not the only questions you want to ask. You need to be curious about what is definitely covered in your policy and what is not included. You do not want to be in a situation where you need immediate medical attention and surgery, but find out later the surgery was not covered for some reason stated in your policy.
It cannot be emphasized enough, but make sure to read your policy. If you know what it says, you will be able to ask questions and make informed decisions about your insurance policy.
Posted on Friday, September 29th, 2017. Filed under
Medicare.
There are a number of health decisions that need to be made when you turn 65. It is important to not wait until the last minute to decide what policies you want. Waiting too long can result in you not receiving the coverage you need because you had to make a decision quickly about which policy to choose.
Take your time and start checking out various options for health insurance before you turn 65. Prepare a list of questions that you want to ask. Ask questions about what added benefits come with your policy. Ask what is and is not covered. Ask what would be best for your financial and health situation.
As you begin your research into healthcare coverage, work on a list of things that you need and want, and what you think will be the most beneficial to you. Furthermore, preparing helps narrow the field when you are faced with multiple choices when it comes to health care coverage. Health insurance is an important decision and you want to make the most beneficial decision.
Posted on Monday, September 18th, 2017. Filed under
Medicare.