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Medicare Supplement Considerations

By Richard Cantu

Medicare supplements (also known as Medigap) help to bridge the gap between the amount a provider charges and the portion Medicare covers. While Medicare does cover the majority of your healthcare expenses, it does not foot the entire bill.

A Medicare supplement plan can aid in covering the complete amount that is owed. It may even cover all of your medical expense (depending on which Medicare supplement Plan is chosen,)leaving you with virtually no out of pocket expenses (at least for your medical needs.)

Medicare supplement Plans are regulated and made standard by the federal government. Each Plan type must contain the same coverage. However, Medicare supplement prices are not standardized. Medicare supplements are provided by private insurance companies which name their prices according to their own guidelines.

One great trait of Medicare supplements (also known as Medigap) is that they do not have networks of health practitioners. Here’s the deal: as long as the practitioner accepts Medicare, he or she will accept a Medicare supplement. The claim will go through Medicare first then go to the supplement to pick up the specified remainder (according to the Medigap Plan chosen.)

One of the most popular Medicare supplement Plans is the Plan F simply because it does pick up the entire remainder of what Medicare does not cover. No muss no fuss! However, due to Plan F’s all encompassing nature it is a bit more expensive than its also popular brethren the Plans G and N.

Please be sure to do your research before you decide which Medicare supplement to apply for, and make sure to start researching your options a good few months before you will need that extra coverage. You want choose a Plan that will be a good fit for you. If you choose wisely the first time, you may never need to go through the hassle of finding a new Plan and making a new application again.

Learn more about Medigap. Stop by Richard Cantu’s site where you can find out all about Medicare supplements and what they can do for you.

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Article Citation
MLA Style Citation:
Cantu, Richard "Medicare Supplement Considerations." Medicare Supplement Considerations. 24 Jul. 2010. uberarticles.com. 3 Mar 2015 <http://uberarticles.com/finance/health-insurance/medicare-supplement-considerations/>.

APA Style Citation:
Cantu, R (2010, July 24). Medicare Supplement Considerations. Retrieved March 3, 2015, from http://uberarticles.com/finance/health-insurance/medicare-supplement-considerations/

Chicago Style Citation:
Cantu, Richard "Medicare Supplement Considerations" uberarticles.com. http://uberarticles.com/finance/health-insurance/medicare-supplement-considerations/


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