Medicare is not the only coverage you have available to you for medical expenses. If you have Medicare or will be eligible for it, then you can add one of Medicare’s supplemental plans, called Medigap, for more coverage. The Medigap plans for 2017 include ten plans carefully balanced to meet a large range of coverage needs.
These plans are only able to be used in conjunction with Medicare basic. You have to be signed up for Medicare to have access to the Medigap plans 2017. The coverage they offer is all in addition to what Medicare provides, so there is no overlap. Even on items that they both offer coverage for, their coverage is complimentary.
For example, Medicare basic provides coverage for hospice care, known as Part A coinsurance on Medigap policies. This coverage takes care of some of the cost of staying in a hospital, such as room expenses, daily care and similar expenses. But Medicare basic only covers a small portion of your daily hospice care.
Medicare Supplement Plans in 2017
What the Medigap plans do, of the ones that provide this coverage, is add some more coverage onto what Medicare basic already does. That additional coverage still won’t take care of all your hospice care costs, but it will greatly alleviate them.
This is what Medigap plans do- they find holes in Medicare coverage and fill them in by varying degrees. That is where the “gap” in Medigap comes from. Essentially, if Medicare isn’t providing you all the coverage you need for your medical expenses, you can look at the Medigap plans for 2017 and pick out the one that suits you best. Not everyone is going to need the same amount of coverage. You should take time to compare your coverage needs with what these plans have to offer.
So how do you choose the most suitable plan? You have to determine what medical expenses are too great for you to pay or that would be more affordable for you if they were covered in part or in whole by Medigap. Then find the plan that offers the coverage you need. But don’t stop there. You have a lot of choices when it comes to where you by these plans from.
Individual insurance companies sell these supplemental plans, even though Medicare controls the coverage. The companies can decide on their own rates for the plans, and that can leave you paying unreasonably high prices for the coverage you need if you aren’t careful. You should try to get as many quotes as possible for the plans you are looking at signing up for. Then compare those quotes and find the best rate. That’s how you’re going to save money, and that’s the best way to ensure you are getting a good deal on a supplemental insurance plan.
Best Medicare Supplement Plans 2017
Everyone always wants the best, so when it comes to Medicare supplemental coverage, many seniors are wondering what the best plans are for them. What they may not realize is that it’s hard for anyone to causally look at their healthcare situation and recommend the best Medicare Supplements in 2017 for them. They would have to know what their healthcare needs and their finances were to make that determination.
Ultimately, each individual needs to determine for themselves what the most suitable plan will be. They can’t rely on anyone else to tell them because no one else knows their needs like they do.
Their doctor can tell them what kind of medical expenses they may have to pay in the near future and what kind of medical conditions they need to be watching out for, but their doctor likely doesn’t know their finances. We urge every senior who believes they need additional coverage to examine their own needs- there state of health and their finances- and determine what kind of coverage they are looking for before they get too deep into what the supplemental plans offer. Only then will they be able to approach these plans with an idea of what the best one for them will offer.
The Most Popular Plans
We may not be able to tell you specifically what plan will be a good choice for you, but we can tell you what most people are signing up for. Whether they are getting the best plans in their situation or not, we can’t really say. We just know that these are high value plans that offer lots of coverage and that are making a lot of seniors very happy.
The highest coverage plans tend to be the best sellers. These are plans that leave few things for people to pay for out of their own pockets. They cover most medical expenses, and that’s attractive to a lot of people. They like not having to pay much out of their own pockets for healthcare.
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Plans F is one of the bigger sellers. It covers all supplemental expenses that would include coinsurance for both Medicare Part A and Part B, the deductibles for both parts of Medicare, the excess charges for Medicare Part B, pints of blood, foreign travel exchange and nursing care coinsurance.
That’s the full set of supplemental coverage, and that’s what makes Plan F so appealing for seniors. They know that if they go with this plan, as expensive and as excessive as it might be, they will not have to worry much about paying for medical care out of their own finances. They can simply pay their supplemental insurance premiums and be just fine.
Plan G is a good alternative, though, as it is markedly cheaper, in most cases, and it covers almost all the same items as Plan F does. This is one of the best Medicare Supplemental Plans for 2017 for most people who need supplemental coverage because it comes packed with so much value. It covers all the same items as Plan F, in fact, except for the Medicare Part B deductible, which may actually be cheaper to pay on your own.
Plan N is another great option for those who need lots of supplemental coverage for their healthcare expenses. It covers just about all he supplemental items too, except for a few small copayments for each doctors’ visit and emergency room visit, the Part B deductible and the Part B excess charges.
These three plans make up the majority of Medicare supplemental plan sales. Most people go for them rather than one of the lower coverage plans, and we have already discussed why that is, but it is often a bad choice to pick a high coverage plan. That’s because people aren’t looking too closely at what their actual needs are.
So, Which Plan to Choose?
Once again, we can’t tell you which of these plans will be right for you. There are ten supplemental Medicare plans, and we believe that there is one that is right for anyone who needs additional coverage, but it isn’t always one of the top selling high coverage plans.
People who are mostly covered by their Medicare basic plan don’t need a supplementary plan with a lot of coverage. They may just need a bit more coverage, and low coverage supplemental plans may be the best ones in their situation.
The only way to tell which of the available pals will be best in your situation is to examine your own needs first to all. You should look at your finances and what you can afford to pay for a supplemental insurance plan. Then you should look at your healthcare needs. How often are you going to the hospital? How much do you pay out of pocket for your healthcare expenses? What kind of health issues do you have or are you at risk for? These are questions you need to answer before you start looking for coverage. Your doctor can help you figure out some of it, and you need to know where you stand with your health and your finances before you get too deep into supplemental coverage.
You want to be certain that you are not paying for coverage that you can’t really use. A lot of seniors make that mistake, and they try to buy coverage plans that are way excessive for their needs. You should only be trying to buy coverage for what you need right now or what you will need to have covered in the near future. Plan F is probably too much for most people, and even Plan G, as popular as it is, isn’t meant for everyone. You need to find the coverage plan that is right for you.
Take your time and don’t be in a hurry to get coverage. The coverage on these plans isn’t changing anytime soon, so you have some time to examine them and compare plans and prices to find the best Medicare Supplement Plans for 2017 for you.
The Most Popular Medicare Supplement Plans 2017
While there are several different Medicare supplement plans available for 2017, there really are just a few plans that most people enroll in due to their outstanding coverage and relatively low monthly cost. Those plans are Medicare Supplement Plan F, G, and Plan N.
Medicare Supplement Plan F for 2017
Plan F will likely remain the “granddaddy” of them all when it comes to Medicare Supplement plans for 2017. That’s because Plan F covers 100 percent of all the gaps in Medicare Part A and B, leaving you with zero out of pocket costs. There’s no coinsurance to pay, no deductibles, and no co-pays. It’s great coverage! While all companies offer a Plan F supplement, you must use our website to compare rates between them as they all charge different premiums for exactly the same coverage! Enter your zip code at the top of the page to get started, it’s easy and free!
Medicare Supplement Plan G for 2017
While Plan F offers the most coverage, Medicare Supplement Plan G in 2017 is quickly becoming even more popular. Why? Because Plan G is almost the same as Plan F exact for one small benefit which really isn’t even a benefit. With Plan G, you must pay the annual Part B deductible yourself each year. Plan F pays that for you.
“But wait! You said it wasn’t really an extra benefit on Plan F. Getting my deductible paid for me sure sounds like a benefit to me! And isn’t that deductible $183 in 2017? I like things paid for me!”
Ah yes, with Plan F you would get the deductible of $183 paid for you. The problem is, it will cost you MORE than $183 in premiums to have Plan F in the first place! In many cases you’ll pay as much as $250-400 extra per year for Plan F. Doesn’t sound so good any more does it?
Plan G also has lower rate increases than Plan F. Our recommendation is to always get rates for both Plan F and G to see how much you can save. Just use our free quote engine to compare the plans now.
Medicare Supplement Plan N 2017
Medicare supplement plan N is a lot like Plan G in which you must pay the annual Part B deductible yourself. After that however, on Plan N you might have small co-payments with each doctor’s visit but never more than $20. Also if you go to the emergency room and they see you, and you’re not admitted and you have Plan N you’ll be required to pay a $50 co-pay. This plan is great for healthy people or those not wanting a Medicare Advantage plan and freedom to have no network.
Medicare supplement plans for 2017 have a lot to offer you, and you ought to look at all of them and consider their benefits and drawbacks. Not every plan is suitable for you, as some may be a waste of money for coverage you don’t need while others will fall short of offering the coverage you require.
To get rates for Medicare Supplement Plans 2017 in your area simply enter your zip code below. In just minutes you will get quotes from some of the top carriers for Plan F, G, and N.
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