Advantages of Medicare supplement plans

Medicare supplement plans have proved to be efficient in ensuring that the senior citizens get a decent insurance experience, free from exploitation by insurance companies. After the introduction of the medicare insurance program, it was discovered that a new feature should be added to fill in some gaps that were not accounted for by medicare insurance. This gave birth to the concept of medicare supplement plans.

What are the advantages of supplement plans?

humana medicare supplement plansThey allow you to get access to health services from medical facilities or specialists who take medicare. This means that you do not have to necessarily pay directly from your pockets. This could be really beneficial to you especially when you run out of cash to pay for medical services.

It is easy to choose which insurance provider you want. This is possible because the coverage options for a particular medicare supplement plan are similar in all the other providers. However, prices differ from one company to the other. This leaves you with the option of identifying the best insurance company with the most suitable premiums which you can afford. You might also want to consider the institution that you are dealing with to ensure high quality services are delivered to you. For quotes on Humana Medicare supplement plans visit http://www.medigapplansguide.com/humana-medicare-supplement-plans-2018/.

You don’t have to go through a medical examination in order to get a supplement plan. In addition, you are not required to pay more premiums because of a serious health condition (if you have any). The amount charged is exactly the same as that of any other policy holder.

Despite the mentioned advantages, supplement plans come with some disadvantages.

Disadvantages

Supplement plans are designed in such a way that only one person can apply for one policy at a time. This means that there are no plans for family, employees or other groups.

These plans do not cover issues like dental care, long term care and hearing aid. This is disappointing because you might want your insurance provider to cover all matters concerning your health status.

You must also have Medicare part A and B to be eligible for medicare supplement plans. This limits the number of those who would wish to enroll for the program but lack the two medicare parts.

You incur more expenses with the supplement plan than the Medicare Advantage plan. This alternative plan has lower costs. Somehow, it stands out as a better option.

 

 

Medicare Supplement Plan F and Plan G

Medigap Plan F:

Some Medicare supplement plans cover more medical services than other plans. Medicare supplement Plan F is one plan that will be more thorough with its coverage in many states. Its large coverage will appeal to most Medicare recipients who wish to have less remaining costs for any of their medical procedures. Being that this Medicare supplement plan covers more, its premiums might cost a person a larger amount each month. After Medicare Part A and Medicare Part B cover its portion of a medical issue, the remaining costs will likely be taken care of by an  Aetna Medicare supplement plan one may choose.

 

Medicare Supplement Plan F Benefits:

Medicare Part A deductible

Medicare Part A hospital facility and coinsurance charges up to 365 days after Medicare is depleted

Medicare Part A hospice care copayment or coinsurance

Medicare Part B coinsurances

Medicare Part B deductible

Medicare Part B excess charges

Nursing care facility coinsurance

First three points of blood needed in a medical procedure (every year)

Foreign Health care (up to 80% coverage)

 

Medicare Supplement Plan G is almost the same plan as Medicare Supplement Plan F. They both have a model coverage of medical issues than the other Medicare supplement plans available in most states. The main difference between these two plans is the Medicare supplement Plan G will not cover the Medicare Part B deductible. If you were to acquire this plan, you would be responsible the Part B deductible which may or may not be beneficial to you. As with all Medicare supplement plans, Medicare supplement Plan G will help with the remaining costs not covered by Original Medicare.

 

Medicare Supplement Plan G Benefits:

Medicare Part A deductible

Medicare Part A hospice care copayment or coinsurance

Medicare Part A inpatient hospital care coinsurance costs up to 365 days after Medicare pays its part

Medicare Part B copayment or coinsurance

Medicare Part B excess charges

Nursing facility care coinsurance

First three pints of blood needed in medical procedure per year

Foreign health care (up to 80%)

Medicare Supplement Plan G and Medicare Part B excess charges

 

 

One must be aware that all Medicare supplement plans will have monthly premiums. The benefits of Plan F and Plan G are exactly the same plan, no matter where you get the plan from. Insurance agencies sell these plans and they are all standardized, but their premiums will vary amongst them. One must decide which plan will benefit them the most.