Most of our clients are confused about Medicare parts and plans. Which plans provide the most coverage, and which plans are the most cost effective? Medicare Part A covers the cost of being in the hospital after you pay the $1,260 deductible. Medicare Part B covers about 70% of your out-patient medical expenses. The Medicare Supplements (Medigaps) are designed to fill in the gaps by paying the $1,260 deductible and the other 30% of outpatient medical expenses Parts A and B do not cover.
There are many types of Medicare Supplemental coverage's available called Plans F, G, K, L, M, and N. Plans F and G provide the most expensive Medigap coverage, while Plans K, L, M, and N have progressively more out-of-pocket expenses with lower monthly premiums. For most of us, it is easier to pay the monthly premium for supplemental coverage than it is to pay large medical bills while we are sick.
Eligibility for Medicare Supplemental coverage usually is not a problem. When you reach age 64 ½, you can apply for Medicare Supplemental Insurance without answering any medical questions. After you reach age 65 ½, you will need to answer a short list of medical questions.
At Adler Insurance Inc., our goal is to provide each of our clients with the assistance needed to choose the best insurance coverage possible.We can help you choose the best health insurance, life insurance, or long-term care insurance. Give us a call at 928-710-1455 or visit us online at http://www.adlerlifehealth.com.
