Every day, many people sign up for Medicare only to find that the coverage they just purchased doesn't cover everything they need. Of course, Medicare helps, but the ideal is always to be fully covered for any unexpected situation involving medical expenses.
This drawback with Medicare is widely known, and that is why Medicare supplemental coverage plans have been created. These supplemental plans, known as Medigap Plans, cover the remaining portion that Medicare's primary coverage does not reach.
If you just got Medicare and now want to supplement your coverage with the best Medicare supplement insurance plan, you have several options. You have so many options for buying a Medigap policy that you might wonder where to start to choose the one that best fits your needs and budget.
To make it easier and faster for you to choose among the Medicare supplement plans in Florida, let's take a look at a comparison of the different Medigap plans you can access in Florida.
Before you start looking at the specifics of each plan separately, you should know that Medigap plans are identified by letters: A, B, C-G, K, L, M, and N. Plans C through G have one basic set of benefits; plans A, B, K, L, M, and N have a different set. Some plans such as C, E, F, H, I, and J are no longer sold, but current beneficiaries are generally allowed to keep those plans.
These are the characteristics of Medicare supplemental insurance in Florida:
All plans give you the following benefits:
- Pays your daily copayments for hospitalization expenses from day 61 through day 90 of the Medicare benefit period.
- Pays your Medicare Part A copayments for any hospitalization after day 90 in a benefit period, up to an additional 60 days during your lifetime.
- It pays Medicare Part A co-insurance and coverage for an additional 365 days after Medicare benefits end.
- Pays co-insurance for skilled nursing facility care
- Pays the copayment for outpatient pain medications and co-insurance for long-term inpatient care.
- Medical expenses:
- After you've met your Part B deductible, you pay your share of the 20 percent Part B co-insurance for doctor bills, hospital or home care, and some other Medicare-eligible expenses.
The differences start here:
As for the Medicare Part A deductible:
- Plans B, C, D, F, G, and N make full payment of the deductible.
- Plans K, L, and M pay a percentage of the deductible.
As to the Medicare Part B deductible:
- Plans C and F pay the full deductible.
- Plan N has a copayment of $20 for consultations and $50 for emergency care.
Nursing Facility Care Payment:
- Plans C, D, F, G, M, and N make payment for nursing facility care copayments from day 21 through day 100 after a covered Medicare Part A hospitalization.
- Plans K and L pay only a portion of the cost until you meet the annual limits. After that, the plans pay 100% of the costs.
As for paying for emergency care:
- Here plans C, D, F, G, M, and N pay for emergency care when you are outside the United States, covering up to 80% of what Medicare would have given you if you had been inside the United States.
As for excess Medicare Part B medical charges:
- Only plans F and G pay for medical charges that exceed Medicare Part B coverage. Plans F and G pay 100% of such charges.
If you need more information about the differences between the different Medigap plans or if you have already decided and want to buy a plan, contact Medicare Health Experts to get a quote: 561-279-3804Medicare Plans In Florida
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