Archive for the ‘pennsylvania medicare supplement insurance plans’ Category

Using Pennsylvania Medicare Supplement Insurance

Monday, September 19th, 2011

It seems Medicare beneficiaries deal with more and more complicated issues on a daily basis.  There are hundreds of choices for plans which compliment basic Medicare coverage, and for those living in the state of Pennsylvania, several Pennsylvania Medicare supplement insurance choices are available.  Most beneficiaries already have a supplementary plan, but may not understand the proper use of these plans.

Most Pennsylvania Medicare supplement insurance plans work with your Medicare benefits to provide extra coverage for expenses.  The problem is, not all of these plans work the same way and not all plans will provide 100% coverage.  It is important that beneficiaries understand their coverage and which insurance plans are available to them before incurring medical expenses.  A full understanding of your Pennsylvania Medigap insurance coverage will help you avoid surprise expenses after visiting a doctor or obtaining medical supplies.

To learn about your plan, read through your policy materials, or call the customer service line for your Pennsylvania Medicare supplemental insurance plan.  Ask the following questions regarding the policy:

– Does the plan cover 100% of any copay after Medicare pays?  If it doesn’t, you will have to pay some of the expenses, so find out what it does cover.  A common set up is for the Pennsylvania Medigap plans to cover 80% of charges after Medicare.  So, if the charge was $100, Medicare might pay $80 and put $20 toward a copayment.  The supplemental insurance would pay %80 of the $20.  This means they pay $16 and you pay $4.  This doesn’t sound like much, but the expenses can mount quickly if you are not aware of them.

-Does the plan cover deductibles.  Medicare has an annual deductible of $110 for its Part B benefit.  This is the benefit that covers visits to the doctor, some supplies and other outpatient procedures.  If the plan does not cover deductibles, you will have to pay this amount each year before your insurance kicks in.

-Does the plan pay for items that are non-covered under Medicare’s Part B benefit?  Some services and supplies are not covered at all under Medicare.  A very good supplement insurance will also pick up some charges for these supplies, although the majority of these plans will only follow after what Medicare actually pays for.

-Does the plan offer a Pennsylvania Medicare Part D Coverage?  You should always know if you have a drug benefit associated with your insurance, because it can save you a great deal of money at the pharmacy!  Standard medical insurance policies hardly ever cover prescriptions, so ask about this benefit before purchasing insurance.

-What providers can you use under the plan?  Generally, most supplemental insurances will pay for services provided by any Medicare eligible provider.  However, there are some plans which operate under a managed care environment, and providers must contract with them.  Make sure your doctor is contracted with the plan, if that is the case.

Once you fully understand your Pennsylvania Medicare supplement insurance, you can avoid extra expenses and surprise bills.

The Process I Used To Find My Pennsylvania Medicare Supplement Insurance

Monday, August 29th, 2011

When I became eligible for Medicare, I realized that I wanted more coverage so I started looking for Pennsylvania Medicare supplement insurance. In order to find the right coverage for me, I followed several steps. My journey to find good Pennsylvania Medigap insurance coverage was very successful. Thus, I have decided to discuss the steps that I took to find this coverage. In this blog, I will explain the steps that I took and why I took them. Hopefully, other people can use the steps in my process to help them find their own supplemental coverage.

 First, I made of list of all of the things that I wanted coverage for. I included big ticket items like long term private nursing home care. I also included small items like help paying for my prescription drugs and help paying the co-pays and other out of pocket costs that Medicare did not cover. Then, I made a chart. I listed all of the things that I wanted along one side of the page. Along the top of the page, I listed all of the Pennsylvania Medigap plans. There was a series of plans labeled with the letters A through N. However, I did not include all of these plans, as some of them were no longer available for new patients. Then, I made X’s to indicate which plan covered which items. Using this chart, I was able to match which of the Pennsylvania Medicare supplement insurance plans would cover the most of what I wanted.

Then, using the internet, I found the websites of several companies that sold Pennsylvania insurance for supplements. Some of the companies that sold these plans were famous companies whose names I recognized and trusted. For instance, the AARP offered Pennsylvania Medicare supplement insurance plans. There were other companies that I had never heard of who also sold these plans. I looked through all of their websites and made a few phone calls. Then, I decided which company I wanted to work with by comparing their costs. I did not want to take the cheapest offer. I wanted to take a low price offer but only from a company whose name I trusted.

If you are not internet savvy, you can skip the above step by contacting your state’s Health Insurance Assistance Program. Ask them if they have a guide with a cost analysis of different insurance companies. They may be able to mail you a chart that gives you a look at which companies offer which coverage at which prices. This can help you make your final decision.

While going through this process, you should keep in mind that you may not be able to find a plan that covers everything that you want. For instance, I could not find a plan that would cover a long term private nursing home stay. However, the plan that I opted to buy had many benefits that would help me to save money for a nursing home later. I also got Pennsylvania Medicare part d coverage to help me pay for my prescriptions. All of these Pennsylvania Medicare supplement insurance plans had one thing in common, and that is that they would help lower my bills and make my financial and health life better.

Benefits Of Getting A Pennsylvania Medicare Supplement Insurance

Monday, August 22nd, 2011

Pennsylvania Medicare supplement insurance plans are one type of Medicare insurance provided to people who have Medicare. Commonly referred to as Medigap, the Pennsylvania Medicare supplemental insurance plan can help pay for your coinsurance, copayments, or deductibles of Medicare-covered services. Working together, these two types of insurance plans will provide the most comprehensive coverage that anyone over the age of 65 can get. Residents of the state of Pennsylvania who have been legal residents of the US for at least 5 years are eligible for Pennsylvania Medigap insurance coverage.

Important Things to Know about Pennsylvania Medicare Supplement Insurance 

When I planned on getting Medigap insurance there were some things I had to have before I became eligible. For one, anyone who wants to buy Pennsylvania Medigap plans will need to have Medicare Part A and Part B. Medigap policies are not paid for by Medicare since this is a private insurance policy. Your policy must follow Federal laws as well as Pennsylvania state laws that cover Pennsylvania Medicare supplement insurance plans and Medicare. The policy should also state clearly that you are taking a Medicare Supplement Insurance.

I also learned that the Pennsylvania medical insurance coverage only covers me, since Medigap policies only cover one person. This means that if you are a couple and you both want coverage, you each have to buy individual Medigap policies. Another important thing to note is that there is some coverage not included in a Medigap policy. Therefore, it is important that you view the benefits of the policy before buying. For one, prescription drug coverage or Pennsylvania Medicare part D coverage is not included in Medigap policies. In my case, I wanted prescription drug coverage so I joined the Medicare Prescription Drug Plan, which is offered by private companies but approved by Medicare.

How to Get Affordable Pennsylvania Medicare Supplemental Insurance

There are various companies in the state that offer Medigap policies, which are categorized according to letters A through N. Most companies can only sell standardized policies, which offer the same basic benefits, no matter which company offers it. However, companies differ slightly in the cost of each policy, which is the only difference between them. This is the reason why it is important to shop around for the company that offers the most affordable Pennsylvania Medigap plans with the same basic coverage as the rest. In other states such as Wisconsin and Minnesota, insurance companies also offer a policy called Medicare Select, which is also composed of standardized plans that require the use of certain providers but cost less compared to other Medigap plans. 

Getting a Pennsylvania Medicare supplement insurance plan has provided me the widest range of coverage. Knowing that Medigap works hand in hand with Medicare to cover all my health and hospital needs, I am assured that I am covered no matter what medical emergency may arise. The extra cost for a Medigap coverage is worth every penny for the peace of mind that Pennsylvania Medicare supplement insurance gives.

What You Should Know When You Are Buying Pennsylvania Medicare Supplement Insurance

Monday, July 25th, 2011

When started researching Pennsylvania Medicare supplement insurance, I was overwhelmed by all of insurance plans provided by various health insurance providers.  If you are approaching retirement, I strongly recommend you start comparing Pennsylvania Medigap plans early.  When you do your homework, you can make an informed decision and get peace of mind in knowing you have the right supplemental coverage.  If you fail to do your homework as I did, you may end up investing in less than adequate Pennsylvania Medigap insurance coverage.  Do not assume you are fully covered by Medicare and understand how Pennsylvania Medicare supplement insurance plans will cover all of your medical needs.

 

Do Not Be Fooled, All Gap Insurance Plans are Regulated By the Federal Government

 

Health insurance companies will pressure you to buy the most expensive Pennsylvania Medicare supplemental insurance plan.  Sales agents pressure you with scare tactics of what may happen to your home, your family, and your life, if you buy the wrong supplement plan.  When I first signed up for my Pennsylvania Medicare supplement insurance, the insurance agent I dealt with successfully pressured me into purchase the most expensive plan available.  This plan is referred to as Medigap Plan N.  In order to qualify for Medigap N, purchasing Medigap A and B was a requirement.  I also had to invest in Pennsylvania Medicare Part D coverage separately if I wanted any coverage for prescription drugs.  After I ended up selecting all of the plans I needed, I quickly realized I was spending a small fortune on my supplemental Medicare insurance.

 

This is when I started researching what plans are best.  Yes, I admit, I should have done my homework before I signed up for my plan.  However, doing my homework later was certainly better than paying without a second thought.  When I started to doing my research, I discovered that the Federal Government regulates all gap plans.  While not all insurance companies offer all 12 gap plans, each company that does must offer the same benefits.  This enticed me to contact another insurance agent with the reputation of informing their clients and not pressuring them.

 

An Honest Insurance Agent Will Sell You the Right Pennsylvania Medicare Supplement Insurance

 

Evaluating what policies meets your needs and your budget, is the most important thing you can do.  Make sure to locate insurance agents in your area that are experienced in Medigap insurance.  When I sat down with my city’s most prided insurance agent, I found out that the plan I invested in gave me great benefits at a cost.  I informed my agent of my budget and my budget worked up a comparison chart to show my how much I could get for my money. 

 

The process of switching Medicare supplement insurance plans can be frustrating.  Sit down with an agent who will recommend the best policy to suit your needs.  When you invest in insurance, agents should think about your needs and not their commissions.  Customize your Pennsylvania Medicare supplement insurance make careful considerations before you choose one.

Why I Decided To Supplement My Medicare Coverage

Monday, July 18th, 2011

I recently had my sixty-fifth birthday and enrolled in Medicare, but I realized that it would not pay for all of my medical bills so I also started looking for Pennsylvania Medicare supplement insurance. I wanted coverage that would take care of me the way that I wanted to be taken care of. It simply seemed that there were too many doctors in my town who did not accept Medicare. Not even my long-time trusted family doctor accepted that sort of coverage. I asked his office manager what she would advise, and she told me to look at some Pennsylvania Medicare supplement insurance plans. A good plan, she explained, would allow me to keep visiting their office with little to no out of pocket expenses.

 

In addition to worrying about which doctor I got to visit, I also had other issues weighing heavily on my mind. I had read in a recent New York Times editorial that Medicare was running out of money. The columnist claimed that it was responsible for spending billions of dollars each year on the elderly and the chronically ill. I knew that there was no way that Medicare could keep up with these payments so I looked at Pennsylvania Medicare supplement insurance plans to give me additional peace of mind. However, once I started researching my options, I learned several things about Pennsylvania Medicare supplemental insurance.

 

I learned that Pennsylvania Medigap insurance coverage was heavily regulated by the state and federal governments. It did not offer what I had expected from a private insurer, but it offered a lot of benefits that I decided would be worthwhile. It would help me quite a bit now that my income was a little lower. Most Pennsylvania Medigap plans would cost the same amount of money regardless of my age. These plans would not allow me to see whichever doctor I wanted to, but they would help me in other ways. This coverage would pay for the co-pays that Medicare did not cover. It would not pay for long term care in the nursing home or hospital, but it would help me financially along the way. However, these plans did not seem to offer anything to help pay for the prescription drugs that I needed. I did not want to take hundreds of pills a day, but I needed a couple of prescriptions. For instance, I was on a small steroid to help with my arthritis. Without that drug, I would be in pain for most of the day.

 

Then, I found Pennsylvania Medicare part d coverage. This coverage would help pay for the cost of my prescription drugs. Depending upon which drug I was buying, it would offset anywhere from thirty to fifty percent of my out of pocket costs. I was more comfortable saving that money than spending it, and I really liked the flexibility that I got when I opted to add this additional coverage to my current government insurance plan. All of the research that I did on Pennsylvania Medicare supplement insurance helped me to realize where the holes in the Medicare coverage are, and I realized how helpful it is to add additional policies.

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