These tips are designed to make senior living easy, the way it was intended. Do all seniors need supplemental insurance plans for Medicare? The answer is yes. Medicare coverage has deductibles and co-pays that may or may not be written off by providers.
This can add up to hundreds or thousands of dollars in unpaid bills should you or your loved one require a lengthy hospital stay, a rehabilitation facility stay or even just for extensive testing and interpretations.
If a policy is already in place upon Medicare eligibility, its best to review the policy. Contact the carrier as soon as the Medicare policy is in place to let them know they will now be the secondary insurer. Make sure to inquire about discounts, premiums, and coverage. If a policy is not in place upon Medicare eligibility, its time to get one. Supplemental insurance plans for Medicare are available from any insurer so how do you know which one is right for you or your loved ones? With so many insurance companies and policies available, supplemental insurance plans for Medicare can be confusing.
The supplemental insurance plans for Medicare insurer will use a host of information to determine your policy amount and coverage type. Some of the factors that are used to determine the cost of a policy are the persons medical history, current and past medications, diagnoses, and geographical location.
Start by contacting a few reputable insurers to get policy quotes. The agent or customer service representative will ask for your date of birth, social security number, geographical location and various other information before giving you a quote. If you are uncertain of a insurer’s reputation ask friends and family. Word of mouth is a powerful tool.