Medigap Plan N – The Optimal Alternative to Medicare Advantage

Many Medicare Advantage plans are not offering coverage for 2011. What this means is that many Medicare-eligible seniors are being forced to face tough decisions about replacing their Medicare Advantage plans. It also means, however, that they are “Guaranteed Issue” into some Medigap plans. This gives them an opportunity to move to the stability and flexibility of the Medigap program and easily get out of the floundering Medicare Advantage programs.

The Medigap plan that most closely resembles what one might be used to with Medicare Advantage is the Plan N. Plan N is a new Medigap plan that combines the stability and flexibility of Medigap coverage with the low premiums and minimal co-pays that are a part of Advantage plans. Here are some details about Plan N, if you aren’t already familiar with it:

  • With Plan N, you can go to any doctor that takes Medicare. There are no networks or referrals needed.
  • Plan N covers the 20% that Medicare doesn’t cover at the hospital.
  • Plan N has a $20 doctor’s office co-pay and a $50 emergency room co-pay.
  • Plan N DOES cover the Medicare Part A deductible of $1,100. It DOES NOT cover the Medicare Part B deductible of $155/year.
  • Plan N is, in some cases, “guaranteed issue”. This means that you can get this plan without having to answer medical questions or go through medical underwriting.

Plan N is certainly a reasonable option for those on Medicare who wish to (or have to) replace their Medicare Advantage plans for 2011. Plan N is a viable alternative that allows you to return to “original” Medicare A & B and have a supplement that’s designed to go with Medicare and fill in the majority of the gaps in Medicare A & B.

To get a Medigap Plan N quote for your age and zip code, or to get quotes on all supplement plans in your area, please visit Medigap Plan N quotes or call us at 877.506.3378.

PARTS of Medicare vs. Medigap PLANS – Understanding the Difference

One of the most confusing (to most people) things about turning-65 is understanding the terminology. More specifically, there are “parts” (of Medicare) and “plans” (Medigap). Many people get these confused and it can lead to making decisions that are not to your advantage.

Parts of Medicare

There are four parts of Medicare. Medicare Part A is the part that covers hospital and inpatient services. You get this automatically from paying into the Medicare system during your working life. Medicare Part B is the part of Medicare that covers doctor’s office and outpatient services (like labwork, etc.). You must sign up for Part B in order to have this part of Medicare. There is a $110.50/month premium for this that is generally paid through a Social Security deduction.

Medicare Part C is an optional part of Medicare that is also known as Medicare Advantage. If you wish to stay with “original” Medicare (Medicare Parts A & B), you do NOT need to sign up for Part C. In fact, if you sign up for ‘C’, all of your coverage is provided through the private Part C company and Parts A & B no longer provide your benefits.

Medicare Part D is the prescription drugs part of Medicare. This part of Medicare is also optional and provided through private companies. In order to have prescription drug coverage, you must sign up for Part D. You can do this by calling 1-800-MEDICARE or through an independent agent.

Plans – Medigap

Medigap plans are also named by letters, which is the source of most people’s confusion. The plans are standardized and each company is required to offer the plans from the standardized plans chart. This chart goes from “A” to “N”. You should select a plan that meets your needs from a reputable company with low rates. You can view the full chart here that shows what the standardized plans cover: Standardized Plans Chart

If you have any specific questions, or if we can help in any way, please do not hesitate to reply to this email or contact us toll-free at 877.506.3378. Medicare-Supplement-Comparison.com is a leading, independent Medicare Insurance agency. Because we are an independent agency, we work as a centralized place to compare all plan options, ask questions, and make unbiased decisions.

Medicare Payments – Congress Passes Legislation to Postpone Medicare Doctor Cuts

Congress passed legislation today, which President Obama later signed, that spared doctors seeing Medicare patients from a projected 21% fee cut. This bill did not eliminate this proposal completely but rather postponed a decision on it for 6 months (atleast until November). By that time, or at that time, lawmakers propose to work on a more permanent solution that will be lasting.

This bill was passed in a hurry and signed right away by the President because, earlier this week, Medicare officials announced that claims that had already been received would be processed at the lower fees rates. This caused a quick and sudden stir, as well as quick movement by the legislators to get the bill made into law.

Originally, this $6.5 billion bill had been part of a larger bill, which dealt with unemployment subsidies and money to the states to assist in avoiding layoffs. However, Republicans had been blocking this bill because of the cost. Once the Medicare portion of the bill was stripped out to its stand-alone version, however, it was quickly passed.

Many seniors, possibly rightfully so, are worried about accessibility to doctors if a physician fee cut does go through, fearing that this will cause doctors to not accept Medicare patients. However, their fears of this, like the decision on the physician fee cut, can be postponed for a few more months.

Medicare Supplement Comparison is a leading resource for Medicare news and information, as well as Medicare Supplement quotes. MSC.com is presented by Secure Medicare Solutions, a Medicare insurance brokerage that works with numerous insurance companies so that you can compare multiple options in one centralized place.

Medicare Supplement Quotes – The RIGHT Way to “Shop” for a Medicare Supplement Online

To get Medicare Supplement quotes from a variety of companies, shopping for a Medicare Supplement plan online is the wave of the future. In fact, it’s the wave of right now, with ever-increasing numbers of Medicare-age individuals going online for quotes and information. Comparing plans this way is easy to do because you can do it in the comfort of your own home and on your own time. This does not require you to make hasty decisions or feel pressured by a salesperson.

While comparing Medigap options, doing it this way is certainly advisable; however, there are a few things to remember in order to make sure that you make an informed, thorough decision.

  1. First and foremost, keep in mind that, regardless of who you purchase a supplement from, the price is going to be the same. Brokers/agents cannot charge you an additional fee for using them. Likewise, the insurance company does not charge more if you go directly through the company. With this in mind, you can compare without the fear that you are paying more than you should be for a plan.
  2. Plans are completely standardized so there is no difference from one company to another on a “like” plan. This makes it easy to compare “apples to apples”, so to speak. For example, a Plan F with Mutual of Omaha is the exact same as a Plan F with AARP (United Healthcare). And, those Plan F’s are the exact same as Plan F’s from Blue Cross or anyone else you are comparing. With that in mind, price is the primary comparison point, along with the reputation of the company.
  3. There are some distinct advantages to using a brokerage to compare your options. As previously mentioned, rates are the same regardless of whether you have an agent or not. With that in mind, there are some clear-cut advantages to having an agent versus not having one. First of all, an agent can help you compare options from all of the companies that do plans for your area. Secondly, an agent is a ready reference if you have any questions about the application process or your policy (after it is in effect). Third and possibly most important, an agent can help you re-evaluate your options at a later time if you are ever dissatisfied with your current policy. If you sign up directly with the company, they obviously have no incentive to assist you in comparing other options like an agent does.

Overall, comparing your options for a Medicare Supplement plan is easy to do and should not be something that you allow to overwhelm or intimidate you. There are plenty of options and resources online that can assist you in this process, and you should certainly be with an agency/brokerage and insurance company that you personally feel completely comfortable with.

ABOUT US
Medicare-Supplement-Comparison.com is a leading, independent brokerage agency that works exclusively with Medicare insurance. We allow you to compare quotes by email for all of the companies in your area so that you can make an informed decision that you will feel completely comfortable with. Then, after you are enrolled, we provide additional value-added services that you just can’t get in other places. For a Medicare Supplement quote comparison by email, visit: Medicare Supplement Quotes. Or, you can call us at 877.506.3378.

Medicare Supplement Plan D – A Great Value for Many Ages and Zip Codes

So many people get confused when they hear about Medigap plan D. With all of the ‘parts’ of Medicare and Medigap ‘plans’, getting confused is easy to do. Both use letters and sometimes, it all seems to run together.

However, Medigap plan D should stand out in your mind. It is sometimes the best value among available Medicare Supplement plans for your area. Plan D is very similar to Plan G, and both of these two plans are often the best value among available supplement plans.

So, what does Plan D cover? Well, most importantly, just like all of the plans, it covers Basic Benefits, or the 20% not covered at the doctor, hospital or skilled nursing facilities. Additionally, Plan D covers the Medicare Part A deductible, which is $1,100 annually in 2010. It also includes benefits for ‘At Home Recovery’ and ‘Foreign Travel Emergency’.

Plan D does not cover the Medicare Part B deductible, which is $155 for 2010. This deductible must be met at the doctor’s office, prior to the doctor’s office/services (Medicare Part B) coverage starting.

Many people opt for the ‘cadillac’ plans, which usually are ‘C’ and ‘F’; however, if the price difference offsets having to pay the Part B deductible, Plan D is often the better value for your Medicare Supplement plan money! So, when you are comparing options, don’t let someone talk you into a higher level of coverage because it is the “best”. Do the math for yourself and figure out, not which one an agent says is “best”, but which one is actually the most advantageous for you.

To have a customized rate quote comparison emailed to you, please visit Medicare Supplement quotes or Medigap quotes. At Medicare-Supplement-Comparison.com, we are a leading, independent authority on Medicare Supplement plans and information, and as a brokerage, we work with all of the companies so you can compare plans in a centralized place.

Medigap Quote – Stop Wasting Your Time and Start Saving Your Money

There are hundreds, if not thousands, of online sites out there, begging for you to enter your personal information and give them permission to sell your information to 8-10 agents who will then bombard you with telephone calls, emails, and more. You can visit several of these sites, and spend a few days talking to some nice young men and women who will peddle their various plans and companies to you, some more aggressively than others.

However, at the end of the day, the thing that matters to you most (and SHOULD) is your financial and health well-being. That’s what Medicare Supplement insurance is for, after all. It is here to eliminate the risk inherent in the Medicare system that only covers 80% of the costs during the most medically-costly period of your life.

The best way to secure your financial well-being is to have a Medicare Supplement plan, and the best plan to have is the one that is least expensive since plans are standardized. Finding that plan is the key.

Regardless of whether you get those quotes from us or elsewhere, we strongly recommend that you ensure that you are getting them from a comprehensive brokerage, not a “quote farm” web site that is going to sell you information from one end of the US to the other (this happens – thousands of times a day!). Doing so can lead to much less confusion and stress, while at the same time, saving you hundreds, if not thousands, of dollars annually.

To get a Medigap quote from Medicare-supplement-comparison.com, visit Medicare supplement quotes. Your request goes, securely, to one representative of MSC.com, who will reply shortly with the requested information.