Medicare Supplement Plans in Cape Coral, Florida. 3 Important Tips.
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:
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.
|Benefits||Medicare Supplement Plans|
|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%|
*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.