While Medicare superficially seems baffling, consulting a competent broker can make it easy for you to understand. Medicare is a health care system for citizens of USA who are above the age of 65 or those who under Social Security disability become qualified for the program. Medicare pays much of your health care cost, but not everything.
Let’s start with Medicare “Part A”. These are your hospital services. Now there is no bonus for it, as it was deducted from your salary throughout your working life. Here it can be puzzling, as you have an outpatient deductible to handle. It was $ 1216 in 2014. This is for stationary procedures. This also includes the first 60 days in the hospital.
If you are hospitalized for 60-90 days, you will incur an additional $ 304 per day. If you are staying longer, you have to pay $ 608 per day. As you can see, this can primarily add up the expenses. You can also see how this can be confusing. Such processes exist for skilled care facilities and also for blood. The amounts change from year to year.
The ambulatory or “PART B” is a little easier to follow. Part B pays 80% of the outpatient benefits. It also has a deductible of $ 147. That means you will cover the $ 147 in addition to 20% of the outpatient costs.
Now that leads us to why you need a Medicare supplement plan. A supplement fills in the “gaps” in Original Medicare. A supplement, which depends on which product you receive, covers the costs of Part A including the deductible. The cost of Part B is also covered, but there are additional policies that don’t cover Plan N or the deductible, which allows you to pay for doctor visits.
The other part about supplements is that they are the same. Meaning Plan F remains Plan F, independent of which carrier you get it from. Again plan G is plan G again, no matter which carrier you get it from. The bonus is what drives a lot of sales for Medicare supplement plans.
A great thing about Medicare Supplement and Medicare is that you can get one at https://www.medisupps.com/ don’t have to worry about whether your doctor is on the network or not. It is really easy. Medicare patients are accepted by the doctor, they will also accept the supplement. There are some doctors who do not accept Medicare patients. Even if they don’t accept Medicare plan, they will not accept the supplement. It does not matter from which provider you pick your bid.
The next piece of the puzzle is what’s called Medicare Advantage. Now these plans replace original Medicare. They are still in the Medicare system, but it is operated by private insurance carriers. Often there is low or in some cases, zero premium for this. However, the costs are often greater. Again, these plans are often network-driven, meaning you have to go to a specific network of doctors. These plans are also available by country. If you move to another state or county, you may have to abandon your Advantage Plan.