Compare Medicare Supplement Insurance Plans

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Medicare Supplement Insurance (or Supplemental Insurance) is an insurance policy that actually does exactly as it sounds. It supplements Medicare.

This sounds easy enough, but why would you need a Medicare Supplement?

When you turn 65 you become eligible for Medicare Plans: Medicare Part A, Medicare Part B and Medicare Part D. Although these "Parts" of Medicare will cover a portion of your medical bills, they most certainly do not cover all of them. The items that Medicare does not cover are called the "gaps" in Medicare. This is why Medicare sometimes calls insurance supplements a "Medigap" policy. These gaps include deductibles, co-insurance, co-pays and excess charges. These can add up very quickly and put you or your loved ones in a very difficult situation facing many thousands of dollars worth of medical bills.

Medicare Supplement Insurance has given people a peace of mind since it's inception. This is due to the fact that it pays most (or all) of the gaps in Medicare depending on the Medicare supplement plan one chooses. For a relatively low premium, beneficiaries can enroll in Medigap Insurance at various time, including specific times where they are in what is called "guaranteed issue period", which allows them to enroll with no medical pre-screening required. They are essentially guaranteed coverage and a policy, and that policy is guaranteed renewable. This means regardless of one's own health claims or health status, the insurance company will neither raise their premiums based on either, nor deny them renewability of their coverage once it is in place.

Coverage and Benefits of a Medigap Plan

Medicare Supplements cover all or most of the "gaps" in Medicare, as described above. Let’s talk for a moment about what those gaps are, exactly. On this site you will find links to detailed examples of what Medicare Part A and Medicare Part B cover, as well as your financial responsibility should you elect to not enroll in a Medicare Supplement.

Medicare Supplement Plans M and N

On June 1st. 2010, Medicare Supplemental Insurance plans are changing slightly due to the new "Modernized" Medicare Supplements. This includes the elimination of Plan E, H, I and Plan J. It will also add two new plans which are Plan M and Plan N. These two plans are an excellent alternative to Medicare Advantage Plans and a great option for those looking for a lower premium.

These plans will likely appeal to those who are looking to opt-out of their Medicare Advantage Plans. Many of these beneficiaries do not like the fact that they can choose their own doctor, and need referrals to see a specialist.

Which new Medigap Insurance Plan is Best?

People who choose a Plan M or Plan N will have some low Out-of-Pocket expenses, however they will also have lower premiums than a standard plan. Also for anyone in good health who does not visit their doctor often and feels they are "over-insured", a Plan M or Plan N could provide the best solution.

While not available until June 1st. of 2010, many insurance companies allow people who qualify for Medicare to apply for a supplement up to 6 months prior to their start date. These insurance companies are not required by law to carry Plan M or Plan N, and their coverage also varies by state. Check with a Medisupps.com Medigap Agent to check the availability and your eligibility of these plans in your area. You Could Be Eligible!

In certain states some companies offer a Medicare Supplement Plan N to anyone age 65 and over regardless of pre-existing conditions. This is especially important for someone who has been on a supplement for quite some time, yet unable to switch to a lower rate due to their current health conditions.

Medicare Supplement Plan N

With a Plan N supplement, you would have to pay a few small out-of-pocket expenses and your Medigap plan would pick up the rest. Those expenses are:

• Hospital ER Visit Co-pay - $50
• Medicare Part B Deductible - $155 per calendar year
• Co-pay for Doctor's visits - Up to $20 per visit

Beyond these expenses, your plan will pick up the difference for any Medicare covered expense. Like any Medicare Supplement, there are no networks or a managed care system like a PPO, HMO, or an employer benefit health plan. Your network is the entire United States.

Enter Your Zip Code Above To Get Medigap Plan N Rates Now!

Medicare Supplement Plan M

Medigap Plan M is another plan available starting June 1st. 2010. This plan also has a lower premium, due to the cost-sharing expenses that the beneficiary must pay. Medigap Plan M is not offered in all states, nor is it offered by every insurance company.

Medigap Plan N (Available June 1st. 2010 in most states)also offers cost-sharing benefits for a lower premium than a standard Medigap Plan. Those on a Medigap Plan M would have out-of-pocket expenses of:

• Part A Deductible - 50% of $1100 (In 2010)
• Part B Deductible - $155 annual per calendar year

After that Medigap Plan M covers everything. Therefore those who are healthy should find this plan a great option, as well as those who are seeking to return to Original Medicare and opt-out of their Medicare Advantage Plans.

Enter Your Zip Code Above To Get Medigap Plan M Rates Now!

If you have current health conditions that have previously not allowed you to switch from your high priced current Medicare Supplement, we encourage you to Call Us Today at 888-891-0229!

We will determine your eligibility status for both Plan M and Plan N and see if you too can get this great coverage while saving the most money possible!

When it comes to your Medicare Coverage, you need to consider carefully how much financial expsoure you wish to endure. A Medicare Supplemental Insurance policy will at the very least cover the 20% coinsurance that you would have to pay without a Medigap Plan. While Medicare Benefits offer good coverage, you absolutely need to choose carefully for your Medigap coverage so that you and your loved ones won't have to worry about your medical expenses after your Medicare benefits pay their share.

What We Do

At Medisupps.com, what we do is help our clients obtain the peace of mind in knowing they have the very best plan to supplement Medicare, and that they're getting that coverage for the very best price. For example, did you know that every insurance company has the exact same plans, yet they can charge whatever they want for it?

We're an independent agency and we represent only the top companies. Our job is to make sure you understand exactly what's available to you and ensure you make the right decision.

Now, we may not know your current insurance situation just yet, however we're quite confident that in a brief 5-10 minute free phone consultation we can help you easily understand the entire process and cover all of your options leaving you with a complete sense of relief.

This is particularly if you're new to Medicare, or feel you're paying too much for your current Medicare Supplement.

Most people we speak with tell us the phone call alone is well worth it.

Call Medisupps.com today to find the best Medicare Supplemental Insurance policy in your area, for the very best rate!