An overview on the Medicare Supplement Plans

Medicare Supplement Insurance plan is a type of private health insurance policy offered by the private insurance companies selling Medicare policies to their original Medicare policyholders. The Medicare Supplement Plans helps the policyholders to provide some of the health care expenses, which are not or partly provided by the original Medicare policies. It helps to fill the gap that is left behind by the original policies between their policy coverage and the original medical expenses of the policyholder. And for that reason the Medicare Supplement Plans are also known as the Medigap policies.

To enroll in a Medigap policy a person should already be a beneficiary of original Medicare part A and B. The person needs to pay a Medigap part B premium on monthly basis with a premium to the insurance company. It is always better to get enrolled for a Medigap policy within thirty days of getting the Medicare and it will help in obtaining an improved coverage at a better rate. Though the Medicare Supplement Plans are totally under the administration of the private insurance companies, but still they are allowed to sell only 12 standardized Medigap plans. And these plans are labeled under the letter covers A through L. Each of these policies provides different set of policy coverage and repayment plans. And with these it is possible to fill up the gap left behind by the.

As stated earlier the Medigap insurance plans are labeled under the letter covers A through L. And each of these plans provides different benefits. But the plans under the same latter cover should cover the same benefits irrespective of any company you buy it from. But the policy premium may vary from company to company. The part A plan deals with the basic benefits of and of course with least expenses. While the Plan B covers somewhat more than plan A. It not only covers the basic benefits but also provides Medigap part A deductibles. Plan C also includes the basic benefits along with Medicare Part A deductible and skilled nursing coinsurance with foreign travel emergency. It also provides hospital and medical costs along with blood. Next is Medigap part D. The part D plan provides all the benefits of plan C and also it includes at home remedy as an extra benefit. Medigap plan E provides preventive care along with all the facilities provided by plan D. Medigap plan F is for those patients who consult with doctors who do not agree to Medicare project. It also includes blood related costs. The plan G is also similar to plan F also with the extra feature of at home recovery. Medigap plan H includes prescribed drug coverage. Plan I is also similar to plan H along with the facility of excess doctor charge and at home recovery. Next is plan J. This plan covers all the benefits that are offered by Medicare plans. And for that reason this is the most expensive of all the above-mentioned plans. Therefore it can be said that this plan is only for those who can meet the expense. Both of the plans K and L offer the basic benefits and help to cover large amount but at a lower premium with a higher deductibles. These two plans have been newly launched and not yet widely obtainable.