Medicare Supplement Policies: Listing by Plans. There are 12 standard policies that help pay the majority of the out of pocket costs that the original Medicare plan does not cover. (If you are in Medicare Advantage plan, such as a Private Fee For Service plan, you do not need a Medicare supplement policy. Each standard supplemental plan, labeled A through L, offers a different set of benefits, fills different “gaps” in coverage, and varies in price. There are insurers that offer the “high deductible option” on Medicare supplement plans F and J. Every supplemental policy are obligated to cover certain basic benefits. These benefits are as follows:

Medicare Part A coverage:Coinsurance for hospital days 61-90 ($256 in 2010) and 91-150 ($512 in 2010). Cost of 365 more hospital day in your lifetime, once you have used the entirety of hospital policy benefits. Medicare Part B coverage: Generally, 20% of doctor bills and fifty percent of mental health medical services. The first three pints of blood. Medicare Supplement Plan A:- Basic Benefits, Medicare Supplemental Plan B, Basic Benefits, Medicare Part A Hospital Deductible: $1,024 in 2010 for each benefit period for in-patient hospital policy services. Medicare Supplement Plan C:- Basic Benefits, Medicare Part A Hospital Deductible. Skilled Nursing Home Costs: Your cost ($128 in 2010) for days 21-100 in a skilled nursing home. Medicare Part B Deductible: Yearly deductible for doctor services ($135 in 2010). Foreign Travel Emergency: 80% of cost of emergency care outside U.S.A borders. Up to $50,000 during your lifetime. There is a yearly deductible of $250. Medicare Supplement Plan D, Basic Benefits, Medicare Part A Hospital Deductible, Skilled Nursing Home Costs, Foreign Travel Emergency, at Home Recovery, help for activities of daily living, such as bathing and dressing, for those receiving skilled home care that is Medicare approved.

These are the facts: The US is entering a Medicare insurance crisis as insurance premiums continue to rise, while retirement incomes are falling. This fact, in conjunction with increasingly complicated Medicare insurance options, has caused many Medicare recipients to join Medicare plans that are not suitable. This should not be the case.

Foreign Travel Emergency, High deductible Plan “F”: Plan “F” has an option called High Deductible Plan “F”. This high deductible plan offers the same benefits as the regular Plan “F” but the benefits do not start until after you pay a calendar year deductible of $1,900 in 2010 (this deductible goes up with inflation). Some of the expenses you will have to pay to satisfy the deductible include the Medicare deductibles for Parts A and B, but does not include the Foreign Travel Emergency deductible. The Foreign Travel Emergency deductible must be paid regardless of whether you have met the $1,900 deductible. Also, you cannot count the Foreign Travel Emergency deductible toward the $1,900 deductible.

In addition, we are pleased to be participating in the Medicare Advantage market. The Medicare Advantage policy is a low cost alternative to a Medicare supplement and is especially advantageous for those less than 65 years old. The Private Fee For Service (PFFS) is a type of Advantage plan that allows Medicare recipient to visit any doctor, any hospital, anywhere. Therefore, many Medicare recipients are well served by the lower cost Private Fee For Service plan.

However, you can only go to certain doctors and hospitals to receive medical care. Please contact today to find the suitable Medicare Select or supplement policy that is available in your area. Plans K and L involves cost-sharing for medical expenses and services. In these plans, once you reach the annual expense limit ($4,440 for Plan K and $2,220 for Plan L), the plans pays 100% of the Medicare co-payments, coinsurance, and deductibles for the rest of the calendar year.

If you are a Medicare recipient or will be soon, please contact us. Our promise to you is that we will present to you the Medicare supplement insurance company that offers the lowest rates in your area. We do business in all 50 states and the District of Columbia.

Learn more about medicare supplemental insurance plans. Stop by Ashley Smith’s site where you can find out all about medicare health insurance and what it can do for you.

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