Medicare Supplement Quotes

Medigap Plan A

Written by Evens Stevenson

The older that we get, the more money we pay in medical bills, prescription drugs, and related health care costs. While there is nothing that you can do about the rising costs of health care, there are several ways that you offset those costs.

Living on a fixed income has several challenges that most people haven’t faced before. One of those hurdles is paying for health care and medical bills that can quickly destroy a retirement nest egg. One of the best ways to protect your savings from massive bills is to purchase a Medicare Supplemental Plan that will help pay for those expenses.medicare supplemental insurance plan a

Medicare supplement plan A is one of the ten Medicare supplement plans available in most states.  If you came looking to get a set of Medicare supplement quotes from supplemental insurance companies, use the form on the side of this page or you can keep reading as we look at Medigap plan A and how it helps with bridging the coverage gaps in traditional Medicare coverage. If you are interested to see what Medicare plans are available in Georgia, we have information for you.  If you already have a Medicare supplement, such as Medigap Plan J, we can help you answer any questions you may have.

What is a Medicare Supplement Plan?

Before we detail how these plans are beneficial and the coverage for Plan A, it’s important that you understand exactly what these Medigap plans are. There are a lot of Medicare enrollees that are confused about the insurance plans and what they do.

These Medigap plans are sold by insurance companies, not Medicare, and are used to pay for expenses that are covered by original Medicare parts A and B.

Medicare is an excellent program that has given millions of Americans healthcare coverage that they wouldn’t be able to afford otherwise, but it doesn’t cover everything. The gaps in Medicare has resulted in Medicare enrollees left with thousands and thousands of dollars in medical bills that they don’t have the money to pay for. This is where the Medicare Supplemental Insurance plans come in.

There are 10 different Medigap plans offered across the U.S. and they are standardized in most states, which means that regardless of which state you are in, Plan A is going to be the same everywhere. Each of them covers different expenses or more of certain categories.

What Does Medicare Supplement Plan A Cover?

Medicare Supplement Plan A is the most basic of all the Medicare Supplement Insurance plans. It covers the following list of benefits:

  • Medicare Part A hospital care coinsurance and costs
  • Medicare Part A hospice coinsurance or copayment
  • Medicare Part B coinsurance or copayment
  • First 3 pints of blood

All of the other Medicare Supplement Insurance plans are required to offer at least the same “core” coverage as that of Medicare Supplement Plan A. The other Medicare Supplement plans may then build additional coverages into their list of offerings.

For example, in addition to the core list of benefits, Medicare Supplement Plan B also offers coverage for the Medicare Part A deductible. And, in addition to the list of core benefits, Medicare Supplement Plan C offers coverage for the Medicare Part A deductible, the Medicare Part A Skilled Nursing Care coinsurance, and the Medicare Part B deductible. Plan C also provides coverage for a foreign travel emergency.

Medicare Supplement Plan F is considered to be the most comprehensive of all the Medicare Supplement Insurance plans. This plan consists of the following benefits:

  • Medicare Part A hospital care coinsurance and costs
  • Medicare Part A hospital care coinsurance or copayment
  • Medicare Part B coinsurance or copayment
  • First 3 pints of blood
  • Medicare Part A deductible
  • Medicare Part A skilled nursing home care coinsurance
  • Medicare Part B deductible
  • Medicare Part B excess charges
  • Foreign travel emergency charges

Prior to choosing any Medicare Supplement Insurance plan, it is a good idea to review the coverage that is offered in each. That way, you will know what to expect from each plan in terms of its offerings. It is also essential to compare premium prices from several different insurers.

In doing so, it may also be good to review what Medicare itself charges in terms of deductibles, coinsurance, and copayments – as this could make a difference in the Medicare Supplement Insurance plan that you ultimately end up choosing. These amounts are also subject to change each year.

The Importance of Understanding Medicare Supplement Insurance

Because each of the Medicare Supplement Insurance plans is different, it is important to have an understanding of which benefits are – and which are not – included in the plan that is ultimately chosen. It is also important to note that some Medigap plans, and there are many different types such as Plan G, Plan K, Plan N, the list goes on, that may offer a certain percentage of a covered expense such as 50% or 75% as versus full coverage.

Likewise, Medicare Supplement Plan F offers a high deductible option. This means that enrollees in this particular plan are required to pay a certain deductible amount (for example, $2,180 in 2015) before the plan will begin to cover any of the benefits at all.

When a plan is purchased, it is important to know what the amount of the Medicare Part A and B deductibles and copayments are for that particular year, too, as they can make a difference in the amount of your benefits paid.

Misunderstanding or not fully understanding your Medicare Supplement Insurance coverage can lead to some surprising bills that you’ll be forced to pay for.

How and Where to Obtain the Best Premium Quotes on Medicare Supplement Plan A Coverage

When shopping for Medicare Supplement insurance coverage, it is typically best to do so by working with a company or an agency that has access to more than just one insurance carrier. This is because Medicare Supplement is not offered by Medicare itself, but rather by private insurance carriers. Because of this, while the benefits that are provided by Medicare Supplement coverage are required to be identical in the plans of the same corresponding letter, the premiums that are charged for these plans can differ a great deal from one insurance company to another. Therefore, it can be well worth it to shop around.

If you’re ready to begin shopping for a Medicare Supplement policy – or if you’re in the market to switch your coverage to a different Medigap plan – we can help. We work with many of the top Medicare Supplement insurance carriers in the marketplace, and we can help you in obtaining all of the important information that you need for making an informed purchase decision. We can do so for you quickly, easily, and conveniently – all from your home computer, and without the need to meet with an insurance agent. When you are ready to move forward, all you need to do is complete the form on this page and submit.

You could spend countless hours researching different companies or talking to different agents on the phone. That process can become long and tedious. Instead of wasting time on hold with agents, let us handle the work for you. Our agent can get you the rest rates for your specific situation.

Should you find that you have any questions at all as you go through the process, we have Medicare Supplement experts who can walk you through obtaining a policy quote, or even just with helping you in determining which of the many Medigap policies may be right for you. We understand that choosing a Medicare Supplement insurance plan may seem somewhat tricky –, and we want to ensure that you have all of the details that you need prior to making your final decision. We can be reached directly by phone, toll-free, by calling 800-376-0827.

While Medicare Part A and Part B may cover many of your health care services at age 65 and over, it just simply doesn’t cover them all. In fact, for those who are enrolled in Medicare Part A and Part B, you could be left open to some out-of-pocket charges – unless you are protected with Medicare Supplement coverage.

When To Buy Medigap Coverage

Enrolling into a Medicare Supplemental Insurance Plan might sound like a long and difficult process, but it’s just as easy as purchasing any other type of insurance, but there are a few things that you should know. The most important factor is WHEN you buy your Medigap plan.

The best time to apply for coverage is during your Medigap Open Enrollment period.

This open enrollment starts six months before the month that you will turn 65. During this six-month span, when you apply for a Medigap policy, the companies can’t deny you coverage of any of the policies that they sell. Normally, they are allowed to deny coverage because of age, health, or any pre-existing conditions, but during your open enrollment, none of those matter. Regardless of any pre-existing conditions you have, they will still give you coverage and they can’t charge you more because of it.

Once you are outside of the six-month open enrollment, applying gets a little trickier. At this point, the insurance provider will be able to deny your application or charge you more in monthly premiums based on your health. It’s easy to see why it’s important to take advantage of the open enrollment period. Missing this open enrollment could cost you thousands of dollars in monthly premiums, or prevent you from getting coverage at all. But, if you’re outside of the six months, don’t worry, there is still a good chance that you can be accepted for a Medigap plan.

Deciding Which Medigap Plan Is Best For You

There are several different things that you should think about when deciding which supplemental insurance plans works best for you. If you have any problems deciding, our Medicare agents would love to assist you in any way possible.

The first thing you should consider is your health. Do you have great health or is it less than perfect? Do you have any serious health conditions or a history of problems in the past? How is your family history, do they have problems later in life? You can’t predict the future and if you will have problems with your health, but by looking at your past and any trends with your family, it can make an educated guess at some health care expense you will have in the future.

If you are in excellent health with few conditions in your family history, you might be able to buy a plan that leaves more gaps in Medicare coverage. It’s a gamble, but you’ll save money every month on premiums.

The other thing that you need to consider is your finances. The majority of people enrolled into a Medigap plan are retired, which means they are probably living on a fixed income. How much money do you have saved and set aside to pay for health care costs? Can you afford to buy a policy that fills more of the holes in Medicare or can you only afford one of the more basic plans like Plan A. How much you can afford to pay every month is going to have an obvious impact on which plan that you choose.

Contact us today – we’re here to help.


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