Now, you must be wondering about the different medicare supplement plans available worldwide. This is the time to answer all of your questions on this health insurance. After reading this, you will find it much easier to check out medicare supplement plans as per your needs and budget.
Medicare supplement plans:
Plan A – Let us list out some features of this plan. This plan is a very basic one that covers Part A coinsurance with a time limit of 365 days after the end of original plan. With this plan, you will get first three pints of blood. Medicare Part B copayment or coinsurance is included in this base level plan. It will also care preventive insurance.
Plan B – This plan serves to fill in loopholes left in Part A and B of original medicare. It includes copayments, coinsurance, preventive care costs, and hospital expenses incurred out of pocket for a period of 365 days. Hospice care coinsurance and copayments are also included.
Plan C – Offers standard benefits offered in previous plans and also some additional coverage as well. The main inclusions of this plan are skilled nursing services, part A and B deductibles and the best part is medical emergency during foreign travel.
Plan F – is a very popular option amongst all 10 plans and offers the highest coverage. It will cover upto 80% of medical emergencies during foreign travel, preventive care, all deductibles, physician services, outpatient services and many more.
Medicare Supplement Plans like Plan G can cover all out of pocket costs, copayments, coinsurance, excess charges incurred during hospitalization. It is the only plan apart from Plan F that covers 100% of Part B excess charges. These charges crop, up when doctors charge more than Mediclaim approved amount. You may also get foreign travel emergency medicare benefits.
What about Plan L?
It covers almost 75% of excess charges, Part B copayment and coinsurance, hospice care copayments, nursing services, part A deductible and also costs upto 365 days after exhaustion of normal medicare.
You can also change your medicare plans midway, if you find out that you are not using certain benefits. However, you keep on paying for them for a prolonged tenure. Other circumstances arise, when insurance companies close down, some cheated you, or your employer coverage covers all medical costs. The plans are again divided as per regions, but the basic plans remain the same. They are standardizes in that manner.
So, read more and gather information about Medicare Supplement Plans and relax!