Is Medicare Supplement Plan G as good as they say?

While searching for the right supplement plan for you, you might have come across to the popularity of the supplement plan G. More and more are purchasing it and it has gotten the second-best place, right after the supplement plan F. What is it that makes this plan so attractive to most and is it really worth it for you as well?

What Medicare Supplement Plan G covers

The most important thing about a health care plan is to know what it is that it covers. The Medicare supplement plan G will pay for the following:

  • Expenses for Medicare Part A coinsurance and hospital costs
  • Expenses for Medicare part B copayments and coinsurances
  • Three first pints of blood (which would cost from 400$ to about 1300$)
  • Expenses for Medicare Part A copayments and coinsurance due to hospital care
  • Expenses for skilled nursing facilities (Medicare covers only a part of it)
  • Expenses for Medicare part A deductibles
  • Expenses for Medicare Part B excess charges
  • Expenses for health services required while travelling outside the U.S.

What 2019 Medicare Supplement Plan G doesn´t cover-

Although it covers as good as all expenses, there is one cost that is not covered by it. This is the expense for the Medicare Part B deductible. There is a supplement plan, the Medicare supplement plan F, which covers this expense as well. It adds up to 183$ per year.

And that is also one of the reasons why this plan is becoming so popular. Compared to plan F, in many areas and states the premium rate is much cheaper. The recommendable thing to do is to compare the premium rate for plan G and the one for plan F in your area. If there isn´t a big of a difference between the two, you might as well get the plan F that already covers everything. However, if the price is different and the plan G premium rate is much cheaper, many get this plan and simply add the 183$ out of their own pockets. As said, this is paid only once a year. In the long run, paying this amount out of your own pocket but therefore having less expensive monthly premium rates, can save you a lot of money!

Additionally, it is important to remember that the health insurance companies are allowed to set the price of the premium rate themselves. There is no boundry set by law and depending on the company, the Medicare supplement plan G might cost different. Before enrolling and committing to one particular company, it is best to compare with others in the area. Some companies base their price on your age or health condition, which may result to a higher price, while there are other companies who don´t look at these factors at all and have the same rate for all citizens of one particular area. Other factors that may affect the price of the premium rate are inflation, tobacco use and gender.

When can one be disqualified from Benefiting from Medicare Advantage Plan?

Just like any other application to be admitted in a particular institution, enrolling for Medicare Advantage has limitations as well. There are a number of barriers that can bar one from benefiting or even enrolling in and being accommodated in Medicare Advantage Plan. There are a number of requirements which if not attained or satisfied, may bar one from being enrolled and even from benefiting from the Medicare Advantage plans.

The first factor that can bar one is the fact that you must score above the required mark. In normal cases, a person wishing to enroll in Medicare advantage plan needs to fill a medical questionnaire that is crucial for determining ones eligibility. In normal cases, an individual is expected to score above the mark stated in the minimum requirement section. The failure to score as required in the medical questionnaire will lead you towards being disqualified. The medical score is one of the barriers that is crucial and the failure to achieve this is a source of disqualification.

Registering with another parent Medicare Advantage 2019 plan will also lead you into being disqualified. The parent health scheme in this case is the original Medicare plan. With that idea, it is important to ensure that you have not registered in any other parent Medicare plan if you are based in the United States. For those who have been found to have enrolled in another parent plant, it is has been difficult for them to be registered with the Advantage Medicare plan.

The application for Medicare advantage plan will be turned down automatically if the time in which all applications were being received have elapsed. This is just like saying that you cannot apply to be part and even benefit from this plan if you have brought in your applications later than the deadline slotted for the application. With that idea in mind, it is crucial to make sure that the application is always placed within the allocated time period. Failure to which will disqualify you from being eligible for Medicare Advantage plan.

One can also be disqualifies from applying for a Medicare Advantage plan if he/she is not a U.S citizen. This is basically because Medicare Advantage is meant for U.S citizens only. This means that people who have not been considered as U.S citizens may not be eligible to apply for this plan.

How Can You Change Your Medicare Advantage Plan?

Plenty of reasons can come up for you to want to switch your Medicare advantage plan. There might be other plans available that are more affordable to you, you might want to sink your premium rate costs, or the plan you are now in might not be covering everything that you wanted. Even if you feel satisfied with the Medicare advantage plan you are now enrolled to, it is recommended to review your plan once a year and compare to others, to see whether you are still on the best one available for you!

Change your 2019 advantage medicare plan at www.medicareadvantage2019.org/?

There is a time, each year, in which you can freely review the Medicare advantage plan you are currently on and during this time, you can change it if you wish to. Not everything can be switched, but in general, during this so-called open enrollment time, you can make the following changes:

  • Switch from Medicare Part A & B to a Medicare Part C
  • If you´re on Medicare Advantage you can switch back to Medicare original
  • Medicare original Part D can be switched, joined to or dropped, if you are already on this plan
  • Switching between Medicare Advantage plans

Switching from a Medicare advantage plan to a Medicare advantage plan can also be done, however, you might be a subject to medical underwriting. This means, that while you will be able to take on a advantage plan, the premium rates will be based on your health condition, which in some cases can lead to higher premium rates than your prior Medicare advantage plan.

Switching between Medicare advantage plans can turn out to be more difficult to you. Federal law allows to switch between these plans only in limited cases. These cases would be: being eligible under specific circumstances, guaranteed issue rights (also granted in limited cases) and during your 6-month open enrollment period. The 6-month open enrollment period starts on the day you turn 65.

Guaranteed-issue rights

Apart from the open enrollment period, guaranteed issue rights also allow for an uncomplicated switch between different Medicare advantage plans. You are probably wondering, what these guaranteed-issue rights are. They basically prevent the health insurance company from denying you enrollment to your desired plan. Reasons for getting the guaranteed-issue rights, are:

  • When the insurance company no longer is present in the area you live in
  • When you have moved out of the area where the insurance company is present
  • When you are covered by your employer and this coverage is ending
  • When your plan is being discontinued and no longer available on Medicare
  • When you lose the benefits of your plan because the insurance company goes bankrupt
  • When you end the coverage because the insurance company was not complying with the law and has misled you

Surely, specific situations might come across, which might grant you these rights and are not stated above, as each case can and usually does differ from the other.

 

Beginner´s Guide: Choosing the Right Medicare Supplement Plan

Choosing a supplement plan can be a stressful situation. There are different types of plans to choose from, all covering the same and yet different expenses. Questions rise up such as: is it really saving me money in the long run? Will it make a difference? There are pros and cons to getting a Medicare supplement plan and whether it is a good choice for you or not, will really end up depending on your own, individual situation.

Medicare supplement plans cover for expenses that Medicare original part A or B won´t. If you end up having to go the hospital, there will be expenses that you will need to pay for out of your own pocket. In general, Medicare supplement plans are a good option, if you see yourself visiting the doctor soon or having any health issues. For healthy Medicare part A or B members, a supplement plan can be very attractive as it gives you a peace of mind. There are many people who aren´t able to pay an expensive bill at once. Having to go the hospital is something one cannot really prevent, as you can never know how your health state might change and accidents happen, unfortunately. In these cases, if you are on a Medicare supplement plan, you can rest and know that you have already been paying for what is coming up, monthly. Being sick and having to pay for health care, which you cannot afford, is a situation no person really wants to be in.

How to choose the right plan for 2019 medicare supplements  for you.

The most important thing is to look at what the plans all cover and see which of these points you have been paying out of your pocket for the most. If, for example, you find yourself travelling a lot, then a Medicare supplement plan A or B won´t make much sense to you. You will need to be insured outside of the U.S. too, so you would choose a plan that offers coverage for travel emergency expenses.

Apart from comparing what each of the plans cover, it is also important to think about a plan as soon as possible. In fact, right after you´ve enrolled to Medicare and up to seven months after enrollment, Medicare needs to offer you a supplement plan, should you want one, without looking at your health records. The premium rates during this enrollment period are most likely going to be the lower they will ever get for you. If you miss the seven-month period and choose a plan after, the health insurance company has the right to deny you the enrollment all together, or they will offer the plans to you at an extremely high price, due to perhaps an existing condition. These plans, that are bought after the enrollment period, can be affected by your age as well. The older you are when you enroll, the more you might have to pay, as the elderly are believed to require more health care than others.

Are Medicare Supplement Plans Available to All?

Are Medicare Supplement Plans Available to All?

As Medicare original part A and B cover only limited expenses when it comes to health care services, patients are often left having to pay a share out of their own pockets. How much depends all on the service that you might require, as well as the health care provider you visit. For those, who are trying to limit their expenses for healthcare services, Medicare supplement plans might seem like a good idea. They cover benefits that would otherwise need to be paid for by the patient himself. However, will you be eligible for enrollment to one of these plans?

Eligibility for Medicare Supplement Plans

There are certain criteria that would first need to be fulfilled, in order to be able to purchase and enroll to one of the Medicare supplement plans. The first, main criterion is that these plans will only be available, after already being enrolled to Medicare part A or B. Without an original Medicare, supplement plans won´t be available. Health insurance companies are not allowed to sell these plans to those, who cannot prove their enrollment into one of the Medicare parts. To be able to enroll to a Medicare original part, you would need to be a citizen of the United States, or be a legal resident for at least five years in a row.

The Age-Factor

One major, additional criterion is also age. In general, Medicare supplement plans are available for those who are 65 and older. Once you turn 65, there is an enrollment period that lasts for 6 months after the day you have turned 65. During this period, you can stay assured that you can enroll to a Medicare supplement plan of your choice, without being denied. Also, at this point, your health condition and previous conditions won´t play a role to your premium rate.

For those who are under 65 and are looking into Medicare supplement plans, this might be different. Health insurance companies are only obliged to provide their plans to those 65 and older, however can freely choose and turn down anyone younger than that. In some states, however, law required the health insurance companies to provide at least one type of plan for those who are younger than 65. In these cases, the health insurance company is allowed to charge you a rate of their choice and in the process of setting this rate, they will take closer look at your health condition. If you have a condition already, especially a chronic one, the premium rates will probably be higher than for those who are healthy. Even after enrollment, any health condition you might get with time can result to an increase of the premium rate.

It is always recommended to check different kinds of health insurance companies, as they all have different rates that they offer. While the health insurance companies are not allowed to set the type of benefits a certain plan includes, the price of the rate is up to them, which is why different companies will charge different rates for the same plan.