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Medicare Supplement Plans Have Many Advantages


There are eight Medicare Supplement Plans (also known as Medigap Plans) available in most states. For residents of Pennsylvania and New Jersey searching for Philadelphia Medicare plans they will find Medigap Plan A, B, D, G, K, L, M and N. Each one provides a varying degree of coverage. The plans cover the copayments and coinsurance of what Original Medicare doesn't cover to reduce out-of-pocket expenses. The plans are standardized, and although provided by different companies, the benefits
are the same. Along with varying levels of coverage, the policies have different premiums – in general, the more the coverage, the higher the premium.

With Medicare Supplement Plans, you can select from coverage levels that suit your needs and your budget. There are lower-priced options in Medigap plans, but they offer less coverage. Although plans with more coverage generally cost more, it doesn't mean you need to overspend to have the best coverage for you. For example, among the eight plans, Plan G has the highest level of coverage. It takes care of all copayments and coinsurance but also costs more. Also, other plans offer nearly the same coverage. When you look closely at plans that offer extensive coverage, you're able to compare premiums across different reputable insurance carriers.


 Most hospitals and healthcare providers in the United States accept Medicare. Rather than the in-network requirements of managed care plans like HMOs and PPOs, you are given more freedom to choose any doctor without the need to have a referral from your Primary Care Physician (PCP). When you become Medicare eligible at 65, you are granted a "guaranteed issue right" during your Initial Enrollment, which is three months before and after your birth month when you turn 65. During this period, you get to enroll in Original Medicare and also purchase any supplement plan without going through medical underwriting.

If you have been diagnosed with heart disease, chronic obstructive pulmonary disease (COPD), diabetes, or any condition that requires frequent doctor or health care services, enrolling in a Medicare Supplement could significantly lessen your costs. Some of the supplement plans also offer options for foreign travel emergencies. If you frequently travel outside the country, it is wise to consider this type of supplemental coverage. Choosing the best Medigap Plan is a case to case basis and not the same foreveryone. You need to consider many factors to select the plan best suited to your needs and budget.



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