Medicare Supplement Quotes

Medigap Plan D

Written by Evens Stevenson

Medicare is an excellent program that helps many people afford healthcare that they wouldn’t be able to pay for otherwise. Although it has given coverage to millions of people through the years, there are still a lot of expenses that it doesn’t cover.

These gaps in coverage could cost some Medicare enrollees thousands of dollars in medical bills. For anyone living on a fixed income, these costs can easily break your retirement nest egg. You’ve worked for years to build up those savings, don’t let medical bills and hospital expenses ruin your retirement dreams. If you are in search of what Medicare supplemental plans are available in Georgia, we have information for you. Also, if you already have coverage such as Medigap Plan J and have questions, we can get the answers you are looking for.medicare supplemental insurance plan d

One of the best ways to protect yourself from the massive bills that Medicare can leave behind is to enroll into a Medicare Supplement Plan. These plans are sold by insurance companies and can be one of the most useful tools in your retirement tool bag. There are 10 different plans that you can choose from, each of them covers different gaps or different portions of certain expenses. If you’re looking for  added coverage that Medicare isn’t giving you, Medigap plans are an affordable way to do that.

All of the Medigap plans are standardized across the United States, which means that regardless of which state you live in, Plan D is going to give you the exact same coverage.

Medicare supplement plan D is an option that many people are deciding to take for their Medicare supplemental insurance needs.  You can get a set of quotes for Medicare supplements by using the form on this page or you can keep reading to learn more about Medigap plan D coverage.

What Plan D Does Not Cover

Because Medigap plan D is one of the more comprehensive of the Medicare supplement plans it is easier to list what it does not cover in conjunction with your traditional Medicare coverage.  The first of the two gaps is the Medicare Part B deductible of $147.  This means for any out-patient services, like a doctor’s office visit, you will have to pay the first $147 each year.  Finally you are responsible for any excess charges that are above the Medicare Part B recommended amount.  This means if you go to your doctor, have already paid the Part B deductible, and that office chooses to charge $25 more than the Medicare recommended amount for a service, then you are on the hook for the $25.  Other than these two gaps in coverage you are completely covered for any other health services you might need.

Why Consider Medicare Supplement Plan D

There are certain Medicare Supplement Insurance plans that may be better than others for certain individuals. As with other types of insurance coverage, this will depend in large part upon the person’s coverage needs, as well as their premium budget.

For instance, Medigap Plan D may be a good fit for those who may be seeking a “middle ground” between a non-comprehensive and a highly comprehensive Medicare Supplement Insurance offering. This is because Medigap Plan D provides coverage for many out-of-pocket expenses that are associated with Medicare Parts A and B, yet it does not offer benefits for expenses such as the Medicare Part B excess charges or the Medicare Part B deductible.

It is important to note that Medicare Supplement Plan D is not the same thing as Medicare Part D. Medicare Part D is the prescription medication coverage that is offered directly via Medicare, whereas Medicare Supplement Plan D is one of the ten Medicare Supplement Insurance plans that provides additional benefits that can fill in the coverage gaps that are not provided by Original Medicare (Medicare Parts A and B).

When considering which of the Medicare Supplement Insurance options may be right for you, it is important to have a good understanding as to what benefit options are – and are not – covered, as this can make a difference in the plan that you ultimately decide upon.

It can also make a difference in the premium that is charged – as can the insurance carrier that you choose. Although all of the benefits that are offered by Medicare Supplement Insurance plans of the same corresponding letter are required to be identical, the premium that is charged can differ – and in some instances, the amount can vary greatly. Therefore, be sure that you compare several different insurers prior to moving forward with your purchase.

What is Medicare Supplement Insurance?

Medicare Supplement Insurance is a type of coverage that can help to pay the costs of the items that Original Medicare – Parts A and B – does not cover. These plans are offered by private insurance carriers and not directly through Medicare itself – which is why the premiums that are charged can differ from one plan to another. Because Medicare Supplement Insurance fills in many of Medicare’s coverage “gaps,” it is often referred to as “Medigap” insurance.

There are currently ten different Medicare Supplement plans to choose from. Each of these plans is named after a letter of the alphabet. Medicare Supplement Plan A provides the most basic set of benefits. These “core” benefits must be included in all of the other plans as well. Medigap Plan A provides the following options:

  • Medicare Part A’s coinsurance and hospital expenses, up to an additional 365 days after Medicare’s benefits have been exhausted
  • Medicare Part B’s coinsurance / copayment
  • First three pints of blood
  • Medicare Part A’s hospice coinsurance / copayment

All of the other Medicare Supplement Insurance plans build upon these “core” benefit offerings. For instance, Medigap Plan D provides the following benefit options:

  • Medicare Part A’s coinsurance and hospital expenses, up to an additional 365 days after Medicare’s benefits have been exhausted
  • Medicare Part B’s coinsurance / copayment
  • First three pints of blood
  • Medicare Part A’s hospice coinsurance / copayment
  • Skilled Nursing Facility (SNF) coinsurance amount
  • Medicare’s Part A deductible
  • 80 percent Foreign Travel Emergency – up to the plan’s limits

There are other Medicare Supplement Insurance plans that are more and less comprehensive. For instance, Medicare supplement Plan F provides even more benefits, such as the addition of coverage for Medicare Part B’s deductible, as well as coverage for Medicare’s Part B excess charges. Plan F also offers a high-deductible plan option for those who may want very highly comprehensive coverage, yet without having to pay a high premium. This plan offers a high deductible (in 2015, this amount is $2,180). Once this deductible amount has been paid by the enrollee, the plan will begin paying out its benefits.

Other Medicare Supplement Insurance plans may pay 100 percent of certain charges, but will require coinsurance or copayments. As an example, in 2015, Medigap Plan N will pay 100 percent of the Medicare Part B coinsurance, however, certain office visits may require a $20 copayment from the plan’s enrollee, and an emergency room visit that does not result in the enrollee being admitted to the hospital may also require a copayment of up to $50.

When to Enroll in Medicare Supplement Insurance

It is also important to know when the right time is to enroll in Medicare Supplement. This is because it can make a difference in the price that you pay for coverage. The best time to initially enroll in a Medigap plan is during your initial open enrollment period. This is the time frame when you initially turn age 65, and you are also enrolled in Medicare Part B.

During this period of time, when you enroll in a Medicare Supplement Insurance plan, you cannot be charged a higher rate of premium – nor can you be declined for coverage altogether – due to an adverse health condition. Therefore, with that in mind, it is essential to apply during this six month initial open enrollment time period. Not only will it guarantee that you get the coverage that you want, but it will also ensure that you don’t have to break your bank to get the insurance. If you have already missed the six-month window, don’t worry. You can still apply and have a good chance at being accepted in a Medigap policy. Sure, you might have to pay a little more for your policy, but you can’t put a price on the peace of minding knowing that you will be able to afford any services or treatments you’ll need in the future.

For individuals who have End-Stage Renal Disease (ESRD), enrolling for Medicare Supplement Insurance can be especially important during this period of time. This is because you can otherwise be subject to medical underwriting, and could even be denied for coverage altogether due to this condition if you wait too long to enroll.

Deciding which Plan Works Best for you

Trying to decide which plan works best for you isn’t easy, there are several different factors that you have to consider. Two of the most important things that you should look at is your health and your finances.

Because the main purpose of these supplemental plans is to help pay for health care expenses, your health is going to be the biggest factor. Take the time to sit down at look at your health, do you have a family history of health problems? Have you had any serious health complications in the past? You can never know what’s going to happen in the future, but you can take an educated guess at how much medical attention you may need in the future. If you’re in excellent health, then you could save money on a Medigap plan that leaves more holes in your coverage.

Where and How to Obtain the Best Medigap Plan D Premium Quotes

When seeking premium quotes for a Medigap Plan D insurance policy, the best route is typically to work with either a company or an agency that has access to more than just one insurance carrier. This way, you will be able to directly compare the premium prices that are being charged in an unbiased manner – and you can then better determine which plan will work the best for you, and for your budget.

If you are in the market for a Medicare Supplement Insurance plan, we can help. We work with many of the top Medigap carriers in the marketplace today, and we can assist you with obtaining all of the important details that you may need in making a more informed purchase decision. We can do so for you quickly and conveniently – directly from your home computer – and without the need to meet in person with an insurance agent. When you are ready to move forward, just simply use the form on this page.

Because there is a great deal of information about Medicare Supplement Insurance – and even about Medicare itself – you may find that you have some questions along the way. If so, we can help. Our experts can walk you through any of the questions or concerns that you may have that can assist you in determining which of the Medigap plans may best fit your specific needs. We can be reached directly via phone, toll-free, by calling 800-376-0824.

There are many variables to consider when it comes to choosing a Medicare Supplement Insurance policy. When it comes to understanding these plans, it helps to have an ally on your side. We can help in walking you through what these types of plans do – and do not- cover so that you can be more assured as you make your policy choices. So, contact us today – we’re here to help.

If you are ready to get a set of Medicare supplement quotes you can fill out the form on the side of this page or you can learn more about getting low rates from Medicare supplement quotes.  We will provide you with quotes for Medicare supplement plan D as well as the other competitive plans in your area.

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