Choose the best medicare supplement plans 2021
Medicare is a program provided by the federal government that provides
health insurance to individuals above the age of 65. People below 65 can also
apply for the program if they are receiving Social Security Disability
Insurance (SSDI) or have End-Stage Renal Disease (ESRD). There are four parts to
the program. Part A and Part B constitute the Original Medicare plan. Part A
provides inpatient hospital coverage, Part B provides outpatient or medical
coverage, Part C is the Medicare Advantage plan, and Part D covers the costs
for prescription drugs. Another type of insurance provided is the Medicare
Supplement Plan. Which are the best
Medicare Supplement Plans 2021?
Medicare Supplement Plans
Also known as Medigap, this plan covers “gaps” or costs that are not
covered by the Original Medigap Plan. These gaps include costs like copayments,
coinsurance, and deductibles. One who wants to apply for Medigap must have an
Original Medicare plan. It covers a variety of medical costs like emergencies
while traveling abroad. Depending on your age and which state in the US you
live in, you can choose from 10 Medicare supplement plans – from A to N. Each
of these policies provides different benefits and the premium to be paid varies
from company to company.
Benefits of Medigap
·
It covers
coinsurance and hospital fees.
·
The cost
for blood transfusion of 3 pints can be covered by Medigap.
·
The costs
of skilled nursing facilities are covered.
·
Emergency
medical costs that occur while traveling to foreign countries may be covered.
·
The plans
offered help to reduce the out-of-pocket expenses of the policyholders.
·
Excess Medicare costs are covered.
·
Several
companies in the US are licensed to sell the policies so you can buy the plan
from almost anywhere.
·
You can
renew the plan if you pay the premiums regularly, regardless of your health
status.
What to know about these plans?
· They are available in 10 different plans as mentioned earlier. The premium of the plans depends on the expenses covered.#Choose the best medicare supplement plans 2021
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