Seniors are finally getting snippets of the “Healthcare Reform” bill and are getting mad. At their Senators and Congressmen at town halls. But they’re also getting angry at AARP. Why? Because AARP is supporting the bill.
It really does pay to shop around for a medicare advantage and medicare supplement quote. But honestly, if you do, you will get bombarded by a bunch of high pressure sales people. The fact is, you probably have better things to do!
Companies don’t have to provide each Plan Letter, and each State makes its own laws. This means that Texas Medigap Insurance plan may not look the same as in another State.
Having the right kind of budget set up and ready to go is a great way to start the process. Individuals who know what they can spend will never feel overwhelmed when they start looking around. Stick to that number and do not go any higher and there should not be any problems at all. In fact, this is actually going to cut down on the amount of time that is spent looking around.
First of all, the K plan covers the biggest gap in traditional Medicare at 100% just like all the other medicare supplements. This is the Part A co-insurance which is the 20% of hospital related charges that the subscriber must pay after the Part A deductible is met. Hospital and related facility-based care is really where the big costs are these days so having this covered at 100% with the K plan is a great start. Preventative is also covered similarly to the other Medicare plans which is also important although less actual exposure but more likelihood of actually using the benefit on an annual basis. That’s where the plans are the same. Let’s look at how they’re different.
For more complete details, search for Section 213(d) (10) on the internet. The IRS does not give an automatic deduction, as they are unaware of LTC premiums. Image the terrible service you or a former agent are providing many buyers if you do give the premium payer this timely information.
Your doctor or hospital is not required to agree to the terms of the PFFS plans, and some just won’t take them at all. Check with your doctor before enrolling to make sure it’s not going to be a problem. Ask if they accept Medicare Advantage Private Fee-For-Service plans. As a safeguard, Medicare does give you a 12 month period after enrolling in one of these PFFS plans to switch back to a Medicare supplement plan for any reason. If you’re switching back during this 12 month period, you don’t have to answer any medical questions.