Medicare Advantage vs Medicare Supplement: What Is the Difference?
June 11, 2021 No Comments
While Original Medicare (Medicare Part A and Part B) covers a wide range of medical expenses, it does not cover everything. Even with a significant
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Medicare supplement insurance coverage covers some of the health-related costs that the original Medicare plan doesn’t cover, such as coinsurance, deductibles, and copayments.
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Medicare Supplement Insurance Plan Benefits
Each Medicare Supplement plan offers a different level of basic medical benefits. However, each lettered plan must include the same standardized basic medical benefits regardless of your location or insurance provider.
For instance, Medicare Supplement Plan K in California consists of the same benefits as Medicare supplement Plan K in Florida. However, people who live in Wisconsin, Minnesota, and Massachusetts may notice different options on their Medicare Supplement plans compared to those in other parts of the United States.
- Medicare Supplement plans may not cover hearing aids, vision, or long-term care, but all plans must cover at least a significant portion of the following benefits:
- Medicare Part A coinsurance costs for up to 365 more days after Medicare benefits have exhausted
- Medicare Part A copayments or hospice care coinsurance
- Medicare Part B copayments or coinsurance
- First three pints of blood used in any medical procedure you may be required to undergo
Some Medicare Supplement insurance plans may also feature additional benefits. For example, Medicare Supplement Plan F, which is the most comprehensive, carries the following additional benefits:
- Medicare Part A & B deductible
- Medicare Part B extra charges and preventive medical care coinsurance
- Skilled Nursing Facility medical care coinsurance
- Foreign travel emergency medical care. This one covers up to 90% of Medicare-approved costs, up to specific plan limits.
It is good to keep in mind that Medicare Supplement insurance Plans C and F are slowly being phased out. Anyone purchasing their Medicare Supplement insurance plan after January 2020 cannot buy plan C or F. However, if you had bought it earlier, it doesn’t mean you have to give up your coverage.
Contact Us Today and Let Us Get Started
Talk to us today and let us help you find an affordable Medicare Supplement Insurance plan. It is a relatively straightforward process that will only take us a few minutes to complete.
Am I Eligible for Medicare Supplement Insurance Plan?
This plan is specially designed for the elderly. Generally, you qualify for Medicare supplement insurance if you are 65 years or older or if you have worked for more than ten years in any Medicare-covered employment.
You also qualify for this coverage if you are under 65 years with specific disabilities or if you are suffering from End-Stage Renal Disease (this refers to permanent kidney failure that requires transplant or dialysis).
Lastly, you qualify for Medicare Supplement insurance plan if you have Lou Gehrig’s disease known as ALS (Amyotrophic Lateral Sclerosis).
How Do I Enroll in the Medicare Supplement Insurance Plan?
To enroll in a Medicare Supplement insurance plan, contact Insurance Master today, and we will help you find an ideal provider. Make sure you have your Medicare ID card ready before you start the process.
Our qualified and experienced Medicare Supplement agents will help answer any questions you may have and determine which plan and pricing best meet your healthcare needs.
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