There are some people who believe that Medicare Insurance Appendix wasted money. This is why some people believe that to be true.
Original Medicare health insurance program run by the government for people 65 and older and for people who receive Social Security disability benefits for at least 24 months.
Original Medicare, it was argued, is the best insurance plan in the united states and among the best in the world. The premiums for Medicare Part A (hospital) are most likely paid for you (by taxes paid by you) and the Part B premium is only $ 110 per month for people who just had Medicare in 2010.
Your share of the cost for Medicare Original also relatively low. If you go in the hospital, for example, each hospital stay is only $ 1,100 total for up to 60 days. If you go to the doctor or have tests done (such as MRI), you will usually only pay 20% of Medicare Approved amount (amount much lower than the amount of “regular” or “normal” raised by the part most health care providers).
in addition to low costs, you have tremendous freedom in your access to health care. You can travel anywhere in the country and find a doctor or hospital that accepts Medicare.
So the question is, if Medicare alone is a great plan, then why on earth would anyone buy Medicare Supplement Insurance ? Appendix plan Medicare insurance plan sold by private insurance companies. The purpose of these plans is to “fill the gaps” left by Medicare. This is why these plans are often referred to as “Medigap Plans.”
Following are three reasons why “The Case Against Medicare Supplement Insurance” be thrown out of court.
1. Guaranteed insurability
When you first apply for Medicare (such as when you turn 65), Medicare Supplement Policy you are “guaranteed issue”. In most situations, and in most states, you may be in the advanced stages of some disease horror and company have to sell you insurance Medicare Annex on the preferred rate.
Also, once you do qualify for Medicare Plan Appendix, you can never lose your attention, as long as you pay your premiums.
2. Protect Against “Big Stuff”
If you have to pay a few dollars here or there for Xray, or co-pay at your doctor, so probably there big deal. But if you get into trouble, which means if you get really sick, it may not be the original Medicare safety be as robust as you think. $ 1,100 per hospital stay can add up very quickly, so that your share of expensive diagnostic examinations.
The fact is, most of us do not buy insurance for the little things, like ding on the car. But we do want insurance for when the “case” occurs, such as a major car accident.
3 .. Affordability
Appendix Plans Medicare is very affordable for most people. As of this writing, for example, a man turns 65 in Tarrant County, Texas can get Medicare Supplement Plan F (very popular plan) for slightly more than $ 100 per month. 70-year-old woman can have the same Plan F for about $ 130 per month.
Not only is that very affordable, but more importantly, it makes you very predictable health care costs. With Plan F, for example, your healthcare costs alone (except prescription drugs) is the cost of your monthly Part B premium and your Medigap premium.
When you consider all these factors, the case for Medicare Annex insurance is really much stronger than the case against him.