Medicare Supplement plans can cover the copays,
coinsurance, deductiblesthat Original Medicare doesn't pay. Like people
elsewhere, seniors in Pennsylvania and New Jersey can choose from ten different
Medicare Supplement plans. They're all after the best Medicare insurance Philadelphia has to offer.
With some wise decision-making, you can take
advantage of ways to save on your premium payments.
Medicare Supplement plans are standardized
supplementary plans offered by Medicare to cover
the costs that Original Medicare doesn't cover.
The eight Medigap plans are
labeled A through N.
Plans E, H, I, C, F and J are no longer being
offered. This leaves eight
Medigap plan
letters: A, B, D, G, K, L, M, N.
Each plan offers different coverage, and the
level of coverage is one factor that determines whether or not your premiums
will be higher or lower. Plan G, for example, offers every benefit Medicare
Supplement covers except for the Part B deductible: Your deductibles for Part A, Part A coinsurance and hospital costs
for up to 365 days after Medicare stops covering this benefit; Part B coinsurance;
Part B excess charges if you see a doctor who doesn't accept Medicare and bills
you for the difference; skilled nursing facility coinsurance; emergency care in
a foreign country if Medicare isn't covering it already (you must pay a $250
deductible and your lifetime limit for this benefit is $50,000); and, payment
for the first three pints of blood you for a medically-necessary surgery.
In addition to premiums of the supplementary
plan, you also need to pay your annual Part B premium and, if you didn't
receive Part A automatically, a Part A premium. Most people receive Part A
automatically either by being eligible for or collecting
Social Security, or Railroad-Board Retirement
benefits.
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