Both Medicare Part A and B have expenses such as deductibles and co-insurance that people on Medicare are responsible for paying themselves. That’s where Medicare Supplement plans come in. With a supplement plan, or Medigap plan (same thing), you pay a monthly premium to a private insurance carrier who provides you with a Medigap plan that is designated by letter. For example, Medigap Plan F, Plan G, or Plan N. There are 10 letters available but not all plans are very popular.
Take a look below to see what each plan letter covers to help determine which is right for you.
Medicare Supplement Plan F for 2017
Plan F is by far the most popular plan available to people. This is because it pays 100% of the gaps in Medicare. That means all of your medical bills including any co-pays, deductibles, or co-insurance are all paid by Medicare and your supplement. You get no bills on any Medicare-approved expenses. It’s Great coverage!
While Medicare offers a lot of different supplemental plans, none of them tend to get as much notice as Plan F. It will likely still be Medicare Supplement Plan F in 2017 that is Medicare’s most popular supplement plan. Now the reason for that is simple- it covers everything.
Don’t take that to mean that you would have no medical expenses if you have Plan F with your basic Medicare That’s certainly not true. But it will cover all supplemental expenses. These include everything that Medicare only pays for some of with the basic plan. Plan F steps in and pays the rest or pays another large portion of that expense.
Take hospice care, for example. This is a big cost, and it encompasses a lot of your hospital room expenses. Original Medicare will pay for a portion of those expenses, but it does not pay all. Plan F doesn’t pay the rest, but it does add a lot of extra coverage onto the basic coverage. That includes coverage for 365 days throughout the life of the plan.
Now consider coverage for nursing care, which Plan F covers in full. It also comes with coverage for all copayments and most every deductible (both Medicare parts A and B). Further coverage includes three additional pints of blood. That is, once again, on top of what original Medicare would cover you for.
If you were to sign up for Medicare Supplement Plan F for 2017, you would also be covered for a lot of your emergency care in foreign nations. Plan F is able to cover you for as much of 80% of this expense, but only up to $50,000. It also requires that you pay out for a deductible for this expense. As you can see, not everything is covered, but a substantial part of your possible expenses would be covered.
Plan F also covers you for Medicare Part B excess charges and is one of only two supplemental plans that does cover this charge. This is something that Plan F does well-covering things you won’t find covered by any other plans or nearly any others.
But it could be more coverage than most people need. If you do have a lot of medical expenses to pay, you may think that this is a good plan for you. It may be, particularly if you visit the hospital often, but most of the time, it is actually an overpriced plan. You can do better and save more money if you choose a slightly lower-coverage plan instead.
Plan F may be very popular, and it may keep things simple for you by covering every supplemental cost, but it is often not an economical choice. If you are looking for simplicity, it may serve you well, but if you really want to save money, then Medicare Supplement Plan F for 2017 is probably not your best choice. You should look at your other options and consider how much you will actually pay for the things they do not cover. You may find that Plan F is more expense than you realized once you do that.
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Medicare Supplement Plan G in 2017
Medicare supplement plan G is quickly becoming a very popular plan as it’s almost identical to Plan F in coverage. It pays 100% just like plan F, only after you pay the annual Medicare Part B deductible first. In 2016 that amount is $166 and may change slightly for 2017. The reason why you would want to pay this yourself is that you save on monthly premiums with Plan G over Plan F.
For example, Plan F would likely cost you far more each year than the $166 that it saves you by paying the annual Part B deductible for you.
How would you like to save money on your medical expenses? That is exactly what supplemental Medicare plans are designed to do, but you can’t save money unless you know what you need from a coverage plan you find the plan that meets those needs. Medicare Supplement Plan G for 2017 may be just the plan for you, but you won’t know unless you learn more about it.
So here is the kind of coverage you can expect from this plan. It starts off with major coverage for your hospital care. This falls under Medicare Part A coinsurance, and Plan G gives you 365 more days of coverage on top of what basic Medicare does for you with this major expense.
It also takes care of all your nursing care, all Medicare Part B excess charges, all co-payments from Medicare parts A and B and some extra blood for each year.
You can also get coverage by Medicare Plan G for 2017 for any emergency care you receive in foreign countries, though the coverage is not 100%, and you will need to pay a deductible first. You would also be covered for the Medicare Part A deductible, though you will have to pay the Part B deductible yourself.
Once all those expenses are covered by the plan, you likely won’t have much to pay on your own. This isn’t the fullest-coverage plan available, but it just may be the most cost effective one. That’s because many insurance companies charge a lot less for Plan G than they do for Plan F, which offers more coverage. Now the difference in coverage between these two plans is almost insignificant. There is simply a lone deductible that separates them. But the rates for the two plans are often quite far apart.
You always want to try to find the lowest rate possible for the plan of your choice. You start by finding the best plan, making sure that no other plan meets your needs quite as well. Have a few choices for coverage before you look at costs though. You ought to let the cost of the plan factor into your final choice, as saving money is the objective with these plans.
Then you should try to compare rates for the plans you have chosen. You can do that right on our website. There you can make use of the free resource we offer that gives you immediate access to quotes for the plans you have chosen. Our agents will help you save money by getting you fast and accurate quotes from a variety of sources.
Then you can use that information to determine who has the lowest prices. The information we give you is based on your location and plan you have chosen. So if you change addresses or change your mind about a plan before it is time to sign up for the plan, come visit our site again. That way you can make sure you get the best rates for Medicare Plan G for 2017 or any other plan you have chosen.
Medicare Supplement Plan N for 2017
Plan N is a unique plan in that it covers the additional 20% that Medicare Part B doesn’t, but you not only have to pay the annual Part B deductible yourself but also there is the possibly of having to pay co-pays for each doctor’s visit once that’s met. Plan N is a great plan for people who are healthy but would still like outstanding coverage.
Plan N is a Medicare supplement quote that comes with ample coverage for most Medicare subscribers. If you are interested in possibly singing up for this plan, you should first examine Medicare supplement Plan N quotes for 2016 and see if you can find a good deal on it.
It’s perfectly fine to try to find supplemental Medicare plans at a low price. You still get the same coverage as you would if you bought the plan from a carrier that charges you more. That’s because Medicare doesn’t control the rates individual carriers charge for their plans; they only regulate the coverage each plan offers. Insurance carriers have to adhere to Medicare coverage standards when they offer Medicare supplement plans.
Plan N will cover a variety of medical expenses. The major expenses like nursing care and Medicare Part A coinsurance will be covered under this plan. You also get covered for most copayments and the Medicare Part A deductible. And with Plan N, you receive coverage for more pints of blood than Medicare basic provides. You also get covered for 80% of your foreign medical emergency care after you pay the deductible.
You may not need or use all these pieces of coverage, but it can help to have that extra peace of mind and still have the essentials covered under what is a relatively inexpensive plan. Plan N is the least expensive of the high-coverage supplement plans, so you are going to find much cheaper Medicare supplement Plan N quotes for 2016 than you would for Plan F or G.
What is consistent between the plans is that the coverage is going to hold steady through all of 2016. Medicare may make some coverage changes in 2017, but for now, what is detailed above will still be in place for a while. So you don’t have to check if any coverage changes have taken place as you decide on a plan and a carrier. You will want to keep checking back on rate changes though. The carriers can change the rates whenever they like to whatever they like.
If you want to keep up with those rates, the easiest way to do so is through our site- MSQuotes2016.com. Here you will find a free quote generator that provides instant quotes from all major insurance carriers. You can easily sort out the best rates for the plan you are interested in. This is your best tool to saving money with the plan you have chosen. Before you sign up for a plan, you definitely want to see if there are any lower prices out there. And we ensure you have the tools you need to make that decision.
Just keep checking back with us. It never costs you anything to use our site and find instant and accurate quotes. When you are checking Medicare supplement Plan N quotes for 2016, you want to come to a place where you are sure you are getting accurate information and where you can get all the necessary information in one place.
How to Shop for Medicare Supplement Plans in 2017
Now that you have an idea of the differences in the most popular plan letters, it’s time to choose a plan and a company. The easiest way to compare Rates from the most popular companies is to simply enter your zip code below and hit enter!
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Medicare Supplement Plans 2017 will be available soon to purchase to secure your health and medical related expenses, and help pay the “gaps” or expenses in both Medicare Part A and Part B. Many people confused Medicare with general health insurance for those under age 65 (Obamacare) while these both are totally different things and have different benefits, policies, eligibility criteria and cost.
Preparing for Medicare in 2017
Before you get signed up for Medicare Supplement Plans for 2017, make sure you have enough knowledge about Medicare and how do its work so you do not face difficulties to get Medicare Supplement Plans 2017.
Medicare is an insurance system, provided by American government to those Americans who are living in Unites States and they are 65 year old or over 65. The purpose of Medicare insurance to cover health related cost of their old citizen which includes hospital care, Medicare and drug coverage cost etc.
General Rules to Get Enroll in Medicare
- You must be an American citizen
- You age must be 65 or older than 65 years
- You have worked for at least for 10 years in USA
- Your job must pay into Medicare system
- You have long term (permanent) disability
- People with end stage renal disease
Eligibility for spouse:
If you have worked for 10 years and your job paid into the Medicare system then your eligibility extends to your spouse. Its mean your spouse will be automatically eligible for Medicare Supplement Plans 2017 but again your spouse age should be 65 and over 65. Mostly this condition is applied if you are in government job. But still there are many private companies who contribute to Medicare on behalf of their employees to provide them Medicare benefit after their retirement.
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Who else can eligible for Medicare?
There are number of other people too who can enroll to Medicare Supplement Plans 2017:
- A person who is not receiving social security benefits.
- A person who is not receiving railroad retirement benefits.
- A person who has Part A of Medicare and living Puerto Rico, that person can enroll for Part B.
Medicare for disabled people:
Individuals who are not 65 but have permanent disability or disable for long time period e.g. 24 can are also eligible for Medicare health insurance. It does also include dialysis cost and kidney failure treatment cost etc.
Medicare Part A:
Medicare part A is all about hospital bill that’s why Part A also known as hospital insurance. Hospital insurance does not require you to pay monthly or yearly premium anyone who reached into their 65 years is eligible for Medicare part A. Anyone? No, only those who are eligible for social security and 65 year old are eligible for Medicare part A.
Medicare Part B:
Those who are eligible or own Part A can also signup for Part B. Just like part A, part B of Medicare is not free. A person who wants to enroll in part B has to pay monthly premium.
Finding the Best Medicare Supplement Plans 2017
As you can see when you get rates using our website, there are many different companies offering Medicare Supplement Plans for 2017. Some of the top carriers you will see are:
- United Healthcare Medicare Supplement Plans 2017
- BCBS Medicare Supplement Plans 2017
- Mutual of Omaha Medicare Supplement Plans 2017
- Aetna Medicare Supplement Plans 2017
- Cigna Medicare Supplement Plans 2017
While no company really has the “best Medicare supplement plans in 2017” (Because they all have the same coverage), you still must shop all of their rates because they each carry the same benefits within each plan letter, but all charge different amounts for it!
Medicare Supplement Plans 2017
After entering your information we can easily help you sign up for Medicare Supplement Plans for 2017. Don’t get caught paying too much for Medicare Supplement Plans in 2017, and be sure to compare different plans and policies from multiple carriers!