Which Health Plan is Right for Me?
If you’re new to Medicare, or not there yet and just planning ahead, you may think the program is the greatest thing on earth.
Original Medicare, as you may know, was established by the federal government in 1965 for a noble reason—to guarantee access to health insurance to millions of people who might not otherwise have adequate health insurance, or any health insurance at all. Specifically, Original Medicare (comprising Medicare Part A and Medicare Part B) was designed to guarantee health care to Americans over 65, people under 65 with disabilities, and people with end stage renal disease.
Without a doubt, the Medicare program has given vital health coverage and even been a lifesaver to millions of Americans over the years. But as good as it is, Medicare was never designed to cover 100% of your medical care. Although Medicare costs have risen almost every year since the federal program’s inception in 1965, Medicare benefits have declined over the years in many areas. As a result, there are real gaps in Medicare coverage and, therefore, a real need for other health care options to supplement or even replace Original Medicare.
When might Medicare Supplement Insurance be the right choice?
In a word, often. As its name suggests, Medicare supplement insurance is designed to supplement basic Medicare coverage. It’s available to anyone enrolled in both Medicare Part A and Medicare Part B. Medicare supplement (or Medigap) plans are offered by private insurance companies to help fill the gaps in Original Medicare.
If you’re enrolled in Medicare Part A and Part B and you’re covered under a Medicare Part D prescription drug plan, Medicare supplement insurance may be the right choice for you. Most Medigap plans do not cover drugs, so your Part D coverage will be a great complement to your Medicare supplement plan. For information about how Medigap policies work with Part D prescription drug plans, click here.
Medigap premiums are normally in the $100-$200 range for a nonsmoking 65-year-old. While there are cheaper alternatives, Medicare supplement plans normally allow you to see a wide range of doctors and service providers. You’re not limited to a small, limited network. Especially if you’re a traveler, the benefits of Medicare supplement insurance are obvious.
There are other factors to consider, and if you call MedicareMall toll-free at (877) 413-1556 we’ll be happy to go over each one with you.
Click here to find Medigap plans in your area and to request a quote.
Enrollment in Original Medicare provides health coverage you’ll need. Medicare supplement insurance and Medicare Advantage Plans provide fuller coverage by filling gaps in Original Medicare, covering a wider range of health care services, and saving you a lot of money in the long run.
If you’d like to know more about Medicare health plans and how to save money on your health care costs, contact MedicareMall now and one of our licensed, bonded representatives will be happy to answer any questions and to help you find the health insurance plan that‘s best for you and your wallet.