Medicare Supplement Plans – Types Of Medicare Supplement Plans

Medicare Supplement Plans F, G, and N may help bridge the gaps in Medicare coverage for some seniors. If you are approaching the age of 65 and thinking about a Medigap policy and Medicare, are here to assist you in breaking down some key information on these topics. First up, Medicare Parts A, B, and C are full Medicare. But if Medicare does not cover a condition you would like to pursue, Medicare Supplement Plans F and G may be your answer.

Medicare Supplement Plans F and G are similar to Medigap policies. They cover almost all the same kinds of medical issues. The difference between the two types of coverage is that Medicare Supplement Plan N covers Medicare Part A or Part B, and Medicare Part D, which is the prescription insurance. Medicare Supplement Plans can also cover Medicare Part D coinsurance and other benefits such as vision care, hospitalization, durable medical equipment, and hearing aids.

Medicare Supplement Plans can change from time to time, and seniors need to keep abreast of those changes. Part A insurance company will notify Medicare of any significant changes in Medicare policy or coverage at least 45 days before the policy goes into effect. That notification can be obtained by calling Medicare.

Some Medicare Supplement Plans offer additional benefits, usually in the form of a network of doctors and hospitals. Some plans offer coverage for extended hospital stays, coverage for the cost of nursing home care, and coverage for diagnostic procedures such as MRIs and CAT scans.

While these kinds of benefits can give extra coverage, they are not usually available in every Medicare Supplement Plan. Medicare supplement plans are standardized in the kinds of services they cover and their respective monthly premiums. Plans are standardized by the Centers For Medicare Services.

There are four basic types of Medicare Supplement Plans. They are Part A, which pays for hospitals; Part B, which pays for hospital outpatient care; Part C, which pays for skilled nursing facility services; and Part D, which reimburses persons eligible for Medicare disability income. Each month Medicare supplements the cost of the aforementioned services to ensure that the persons eligible for the program have sufficient access to high-quality health care. Eligibility requirements for each plan vary by government agency and plan.

82 17 Medicare Supplement Plan F, G, and N are four of the most popular Medicare Supplement Plans. Medicare Supplement Plan F is the most popular plan for non-medical use, providing coverage for room and board for inpatient stays, rehabilitation services, and other medical services not covered under Medicare Parts A and B. Medicare Supplement Plan G is provided to covered nurses and health professionals.

Medicare Supplement Plan N is the least expensive plan n the market. Medicare Supplement Plan A does not cover dental care, mental health services, or pharmaceutical drug benefits. The insurance company will pay the Medicare Part B deductible and then will cover the remainder of your costs. Medicare Supplement Plan G is the most basic benefit of all the four plans. Medicare Supplement Plan G will cover the Medicare Part A deductibles and coinsurance and the Medicare Part B deductible, if applicable.