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Medicare Supplement Plans in Cape Coral, Florida.  3 Important Tips.


Ocean view of Cape Coral FloridaCape Coral, Fl

Choosing the right Medicare Supplement coverage for your health insurance needs can be a daunting task.  Choosing the right Medicare supplement plan is perhaps one of the most important decisions you can make when it comes to ensuring a stable financial future - a future that won't be impacted by unexpected, devastating medical costs.  So in making such an important decision, where should you begin?

Several questions immediately come to mind:

  • What exactly are Medicare/Medigap Supplement plans?
  • When do I apply?
  • What are the eligibility requirements?
  • How much will it cost?

The good news is, at Vitalinsurance.org, not only do we have the answers, we are pleased to assist.  You can rely on our extensive experience to help you in choosing the perfect plan for your needs.


How should you begin?  3 Important tips.

1.  Start learning about your options sooner rather than later.
The sooner you can begin researching your options, the better.  You will want to begin by first determining when you will be eligible to apply for Medicare.  Keep in mind, you will not be eligible to purchase a Medicare Supplement Plan until you are actually covered by Medicare.  In addition, you will need to be enrolled in both Part A and Part B of government Medicare.  Once you become eligible, there is an initial enrollment period of seven months that begins 3 months before your 65th birthday.  This enrollment period is the ideal time to get your Medigap plan in place.

Interesting Fact:  Medicare and Medicaid account for more than 1 of every 3 dollars spent on American health care, and 1 of every 4 dollars in the federal budget.  What is astounding is the fact that the cost of Medicare is still growing.  Currently, the cost is growing at more than twice the rate of inflation.  This growth curve is expected to become even more dramatic as the baby boomers age.  Compounding the issue is the fact that, the percentage of Americans that are not of Medicare age is shrinking.  The very demographic that pays for the cost of Medicare, is simply too small to continue to foot the bill for Medicare in the foreseeable future.  It's no wonder the topic of the Medicare exponentially growing price tag, is a constant within the halls of congress.

2.  Thoroughly review your options.

When it comes to Medicare supplement plans, there are plenty of options to choose from.  Generally, all Medigap plans are categorized by letters of the alphabet (A through N).  Each Medigap option covers medical expenses that are not covered by Medicare.  The amount of coverage that is provided, determines the category of the Medigap plan.  The federal government requires all Medicare Supplement plans to provide standardized benefits.  In other words, no matter which insurance company you buy your plan from, all plan benefits will basically be the same, based on the letter of the alphabet that the plan is designated by.  (E.g. An A plan purchased from Humana Insurance will basically provide the same benefit coverage as an A plan purchased from Mutual of Omaha Insurance.)
The most important differences in plans are:

  • Price.
  • The insurance company backing the plan.

Of course price is important, but it is equally important to purchase a plan from an established, reputable insurance carrier.

3.  Speak with a professional.

Contacting a specialist is vital to ensuring the purchase of the ideal plan to cover your Medicare Supplement Insurance needs.  A Medigap specialist has the experience needed to guide you through the myriad of choices that will be before you.  At VitalInsurance.org, our focus is Medicare Supplement Coverage.  We are licensed with all the major insurance carriers, and are pleased to assist.
Some of the insurance companies we partner with include: Blue Cross Blue Shield, Humana, Mutual of Omaha, AARP, and more.


Medicare Supplement Plan Comparison

Benefits Medicare Supplement Plans
  A B C* D F* G K L M N
Medicare Part A Deductible No 100% 100% 100% 100% 100% 50% 75% 50% 100%
Medicare Part B Deductible No No 100% No 100% No No No No No
Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Medicare Part B coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%**
First three pints of blood 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part A hospice coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Skilled Nursing Facility (SNF) coinsurance No No 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part B Excess Charges No No No No 100% 100% No No No No
Foreign Travel Emergency (Up to Plan Limits) No No 80% 80% 80% 80% No No 80% 80%
Out-of-Pocket Limit*** None None None None None None $5,880 $2,940 None None

*Plan F is also has a high-deductible option.  The F high deductible plan pays for all Medicare-covered expenses after you meet a $2340 annual deductible.
Plan C and plan F are only available to those who are not new to Medicare.
**Office copay exceptions: Some office visits may require a copayment of up to $20.  Emergency room visits may require a copayment of up to $50.
***Plan pays 100% of covered Medicare costs for the remainder of the calendar year once the out-of-Pocket limit is reached.

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More tips for purchasing Medicare Supplement coverage in Florida.
Medicare does not cover everything.