Good Basic Health Care for Seniors

Traditional Medicare provides good basic health care and pays for approved costs, but it does not typically cover all health costs, such as prescription drugs, hospital visits, and medical expenses. Medigap, a supplemental insurance plan, aims to bridge the gap between traditional Medicare and other health plans. It covers medical, dental, visual, mental and dental care, as well as some other medical and prescription costs.

These plans are offered by Medicare – approved health insurers – and often include coverage for medical, dental, visual, mental and dental care. You can opt for a Medicare Advantage plan, but you can also buy a standalone policy to choose from many Medicare Advantage plans, including Part D drug insurance. Many of these Medicare plans do not include Part D such as prescription drugs, hospital visits or medical expenses.

This coverage can be supplemented by other health plans, such as Medicare Part D. Regular and traditional Medicare provide the bulk of health care in the U.S. Medicare program for seniors.

Signing up for Medicare puts you in Parts A and B, but you need to take action yourself to purchase an additional policy. Although this is optional, there is no financial penalty if you opt out of your regular Medicare Part D health plan and later purchase a policy if you need expensive medication. Consider choosing your Medicare insurance based on age, health status and other factors such as income and health coverage.

Budgeting health care costs in retirement can be difficult, because you don’t usually know whether annual spending will be minimal or enormous.

In order to ensure good primary care, you have to pay all the costs for hospitals, doctors and medical procedures. This certainly does not include everything, but in the event of an unexpected hospitalization or care, the medical costs can quickly add up.

Medicare Supplement Plan F, however, helps cover some of the most expensive out-of-pocket expenses. Medigap Plan G can help you cover most of your Medicare spending, but not all, since it only covers a small percentage of Medicare costs, such as prescription drugs.

Medicare supplement plans, also known as Medigap or MediSupp, offer optional coverage to complement your Medicare benefits such as prescription drugs, health insurance and medical care. Medicare Supplement Plan G may have a higher premium than those that offer less coverage, but it covers the same amount of Medicare spending as Medicare Part G. With one exception, Medicare supplemental plans do not cover what is available to you.

You’d want to know “a carrier’s premium rating system, its claims history and how good its customer service department is,” said Elizabeth Gavino, founder of Lewin & Gavino in New York.

In their first phase of research, many people compare Plan G to Plan F, which includes Part B deductibles. However, premiums for Plan G tend to be significantly lower than those for Plan B and F.

Many people find that Plan G, when they pay their deductibles, is a cheaper – more effective option, as it offers lower premiums and lower deductibles. If the beneficiary is willing to pay a lower annual deductible, it offers a higher value.

Plan G provides for full coverage of the gaps in the Medicare Part B deductible covered by Plan G and Medicare Supplement. The Medicare supplement in Plan G covers all medical services covered under original Medicare, and it covers the gap between Medicare Part B and Part A deductibility.

With one exception, the Medicare Supplement in Plan G and Medicare Supplement in Medigap Plan F are covered by the same Medicare plan as in Plan F, but with different deductibles and co-pays.

“Depression is another serious consequence of aging, especially as folks feel less healthy,” Bowers said. “We believe these kinds of benefits can help seniors stay more active and social.”

Faced with a unique Medicare landscape going into 2020, Krista Bowers, general manager of senior markets at Blue Shield of California (BSC), and her team created a solution that no other company in the state of California had implemented: Medicare Supplemental Plan G Extra. “The Medicare supplement space has really been dominated by a single plan, by Plan F,” Bowers further explained to HealthPayerIntelligence.com. “As part of MACRA, all the new Medicare beneficiaries will no longer be able to access Plans F and F Extra.”

If your pocket money expenses reach your Part B deductible, you are eligible to pay for Medicare-approved Part B benefits. The majority of Medicare supplement insurance plans do not cover Part A of the additional costs, and Medicare supplement plans do not include prescription drugs. You may want to add a Part D plan to complete your medical coverage, but Medicare supplemental plans do not include prescription drug coverage, nor do they cover prescription drugs.

Blue Cross and Blue Shield of Alabama offer Medicare Select Plans, which are Medigap policies that cover prescription drug coverage and other medical expenses such as prescription drugs.

Medicare Supplement Insurance G plans are ideal for those who want truly comprehensive Medicare coverage but want to save a few dollars in premiums. Medicare Supplement Plans are available to anyone currently enrolled in Medicare Part D, also known as Original Medicare. The Medicare-C plan covers medical expenses such as dental, visual and mental health care, as well as prescription drugs.

Medicare Supplement Insurance Plan G will cover all hospital costs, including the $1,364 that is deductible for 2019. It also covers the remaining 20% covered by Medicare Part B, which covers medical expenses such as dental, visual and mental health care, as well as prescription drugs.