There are a few options for insurance health for seniors. The three things you need are Medicare, Medicare Supplemental, and a Prescription plan. Here’s how we’ve found the best way to captain your way through each of these.
1) Medicare Part A and Part B
Part A is hospitalization, while Part B covers general medicine. It makes the most sense to get both, plus you may need both to be eligible for supplemental plan.
2) Medicare Supplemental AKA Medigap
Choose the plan that fits your monthly budget, but will also offer you the most coverage in case of serious illness. Medigap offers from the basic, Plan A, to comprehensive, Plan F.
Under these plans you’re covered for:
•Up to the first three pints of blood of a transfusion
•Part A hospice care coinsurance
•Part B coinsurance
•Extended hospital stays.
In the more comprehensive Medigap plans, you are covered for your health insurance during foreign travel, deductibles, skilled nursing coinsurance, and Part B excess charges.
Medigap Plan F high-deductible.
This plan will save you money each month on the premium, offers the same coverage as original Plan F, however you will have to meet your deductible for services. To learn more about Medigap read the article Health Insurance Supplements: Medigap Plans.
3) Prescription Plan AKA Medicare Part D
This adds prescription coverage to your original Medicare plan. You should know that Medicare and Medigap do not offer prescription coverage.
If you have any further questions about Medicare or for a specific Medigap quote call the number above or click on one of the buttons below.