When people go on Medicare for the first time they are faced with the reality that not r all of your medical expenses are going to be covered. Medicare supplement insurance is a great way to give yourself comprehensive coverage as you enter retirement. It is important to know why you need Florida Medigap coverage and how to decide which of the plans is right for you.
Before we start looking at how Medicare supplements work it is important to understand your coverage. Traditional coverage is split up into three parts. Part A provides coverage for hospital and inpatient care. Part B provides coverage for out-patient and doctor’s office visits. Part D is the final part of traditional Medicare and helps seniors with the cost of prescription drugs, but is delivered through private insurance companies instead of through the government run program. You may be wondering what happened to Part C, but it is a separate program, also called Medicare Advantage, which completely replaces Medicare with a private insurance coverage and does not need one of the Medigap Plans.
Why You Need Florida Medicare Supplemental Insurance
Now that we have an idea of what you are looking at when you start your Medicare plan we can look at why you need to add supplemental insurance. What most people do not realize is that both Part A and Part B have several coverage gaps that can leave a person open to large medical bills if not covered by a Medigap plan. An extended stay in the hospital under just Part A and Part B could cost you more than $1,000 or a chronic condition that requires frequent doctor’s visits could be even more. Medicare supplemental insurance is designed to protect you from just these type of expenses.
Medicare Supplement Plans
There are ten different Medigap plans. Each of the plans will cover a different number and variety of the nine coverage gaps in Part A and Part B. Plan F will cover all the gaps. Plan A and plan B will only cover four and five of the gaps respectively. The more coverage you receive from one of the plans the greater the monthly premium. The plans are standardized so whether you get a Tampa , a Miami , or an Orlando Medicare supplement the coverage will be exactly the same. This even applies across different companies. So AARP offers the exact same coverage from plan G that Mutual of Omaha does. You have to decide how much you are willing to spend per month versus how much coverage you want in order to pick the right supplemental insurance for your needs. The only way to do this is with a set of Florida Medigap quotes.
Getting Insurance Quotes
Getting started with your Florida Medigap quotes is as easy as filling out the form on the side of this page. Our team at FloridaMedicareSupplementQuotes.com will take your information and find all the available Medicare supplements available in your area. Because we are an independent agent we are not tied to any one insurance company and can get the best rates from all the companies available in your area. What this means for you is that we work for you and not for the insurance companies. Once we find the supplements available in your area we will send them to you and spend as much time as you need to understand what each quote means. If you ever have any questions or if there is any way we can serve you please let us know.