Supplemental Medicare Insurance – Steps To Choosing The Best Medicare Supplement
To compare supplemental Medicare insurance plans, review the Medicare Supplement Benefits Chart. You can find it here:
Get information about supplemental Medicare insurance and Medicare Advantage Plans. Choose the best Medicare plan for your circumstances… unlock the information you need with my 8 Part Video Mini-Course.
http://free-mini-course.com Get instant access!
In this video I explain how supplemental Medicare insurance works and the steps you need to take to choose the best Medicare supplement plan.
This video is about Medicare supplement insurance, also known as Medigap… not Medicare Advantage.
Here’s a video about Medicare Advantage Plans if you’re interested: http://www.youtube.com/watch?v=x_o4h5ECCos
Medicare supplement insurance fills the gaps in original Medicare. The gaps are your share of the expenses for Medicare-covered services. These expenses include:
Medicare Part A deductible
Medicare Part B deductible
Steps to choosing the best Medicare supplement:
1. Review the Medicare supplement benefits chart
2. Compare plan premiums from several companies
3. Check the insurance company’s financial stability and ask about any discounts.
Your goal is to get the most comprehensive Medigap policy your budget will allow.
Medicare supplement Plan F is the most comprehensive.
Medicare Supplement Plan G is next in line.
Medicare supplement Plan N is a good balance if you want a lower premium and can handle a little more out-of-pocket expense.
Looking For Health Insurance Using Online Resources
As a young person I had this image of myself living the high life ‘Sex & The City Style'; you know, like Carrie Bradshaw and her entourage. I was going to live in a stunning apartment with thousands of friends. I would have my ‘Mr. Big’ and be the center of attention living my dream life. I would be a socialite and engage in extreme sports (a twist on the Bradshaw life), but I’d still look stunning while mountain biking. It turns out I watched too much television as a teenager because reality is far from the ‘Sex & The City’ world. When I left home for London, the world I chose to live was very different to what I thought it would be.
Although I longed for the life of a socialite in Camden, I lived in a shared house with friends in Hackney. Instead of being a fashion designer and professional writer, I am a would-be content writer making a few pounds here and there online. Now, I’m not complaining – I do love my life and am able to indulge in parties and extreme sports every couple of weekends. However, like so many things in my life, I haven’t considered responsibilities that should be looked at, like health insurance.
As a lover of extreme sports, I should have health insurance. In fact, it should be one of the first things on my proverbial list. My boyfriend is constantly bothering me about applying for insurance – health, home, even insurance on snow boards. Why would I want insurance on my snow boards? Anyway, he kept on stating that I may hurt myself and we wouldn’t have enough money to cover medical costs. Remember, I don’t have a well-paying job and he’s still studying.
As you may have gathered, I’m a bit of a care-free individual who doesn’t pay much attention to anything unless it has some immediate affect on me. So, when my best friend was injured on the slopes and sent to hospital, I became a little worried. He has insurance, thank God, but I wondered what would have happened if he didn’t…then I remembered I didn’t.
After that incident I took my health insurance seriously and began looking for quotes online. My friend helped me and told me about different websites that provided affordable policies based on your lifestyle and needs. Now I have something that suits my time, lifestyle and budget; and my boyfriend isn’t hassling me anymore.
An Overview of Medicare Supplemental Insurance in New York
As you get older it is natural to end up needing more medical care to stay in good health. There are many age-related medical conditions, and day-to-day wear and tear on your body can lead to you needing surgery. If you are over the age of 65 then you may qualify for Medicare insurance, which would make it easier for you to gain access to otherwise expensive medical treatment, surgery and other procedures.
Medicare in New York covers around 80% of the cost of most treatments, which means that you will still need to find the remaining 20% of the cost. Some treatments are prohibitively expensive, to the point that even 20% of the cost can be a lot of money for the average family. For those circumstances, there is another offering, called Medicare supplement insurance, which makes it easier to afford expensive courses of treatment.
Filling the Gaps with New York Medicare Supplemental Insurance
Medicare Supplemental Insurance in New York policies are also known as NY Medigap plans. These policies complete Medicare by offering financial support for expenses that Medicare itself do not cover. If you opt to take out both Medicare and Medigap, then you effectively have 100% coverage for expensive medical interventions, surgery and other treatments in your retirement. Medigap is not expensive, so most people can afford them without too many issues. If you are in a position where oyu can pay for NY Medigap then you should take it out, because it is much cheaper to have the insurance before you need it than it is to pay for medical care as and when the need arises. Supplemental coverage is easy to obtain. Just ask your insurance provider for details.
You can get NY Medicare supplements from almost any insurance company or broker. Just call around and ask for some quotes. There are plans available for married people, and these plans are often more affordable than a single person’s cover. Your insurance provider will be able to offer detailed personal advice that is tailored to your circumstances.