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Medicare Supplement Insurance
Medicare Supplement Plans
Medigap Policies (Also referred to as Med-Sup Policies)Except for certain exceptions, you must enroll within 6 months of your 65th birthday, or else you must pass a health questionnaire. These plans "supplement" Medicare. Depending on which plan you buy, labeled plans "A" through "I", the amounts that are supplemented and the premium will vary.
Medicare Advantage Policies
Medicare contracts with insurance companies who in turn provide Medicare benefits. Then, the insurance company offers additional benefits.
You will usually pay only a co-payment for physician and hospital services. You will typically pay a co-insurance for some more expensive lab and x-ray procedures. These plans require you to live in a service area covered by the plan. They have a list of providers that you must use in order to have the lowest out-of-pocket payments. As of January 01, 2006, you will be "locked in" to your plan for one year.
Another type of Medicare Advantage plan is called the Private Fee for Service Plan. Typically, you can see any physician as long as that physician will accept payment directly from the insurance company. These plans also have a co-payment for physicians and an out-of-pocket annual maximum.
ONLINE QUOTE
- Click Here for your no obligation online Medicare Supplement Insurance Quote!
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Pacific Benefit Consultants, Inc.
450 Country Club Rd. Suite 330
Eugene, Oregon 97401
(541) 484-6624
(541) 686-2726 (Fax)
(800) 588-8688 (Toll Free)
