Things you should know about choosing a medicare supplement plan. Don’t pick one until you read this!
First, make sure you do your research on each option so that you can make an educated decision on which plan suits your needs. Medicare Supplement can be tricky but if you do your research it doesn’t have to be. Think of it as extra insurance with your Medicare Parts A and B.
Medicare Part C may be for you. This supplement covers everything A and B cover as well as care received at a nursing facility, your A and B deductibles, and even travel costs for emergency care.
There is an extra benefit in these plans that they both cover any expenses your Part B doesn’t cover. The only difference between Medicare Part F and G is that plan G does not cover the Part B deductible, while C and F do.
Medicare Parts K and L are similar Medicare Part B, except that they will cover 50% of the care at a nursing facility and Medicare Part B covers none. In an effort to lower monthly premiums, Parts K and L only cover a percentage of the rest of the coverage Part B offers. Ranging from 50-75%, this flexible plan gives lets you decide what you need and what you don’t.
Medicare Part N is only different from K and L in two ways. It covers the price and not the percentage, and it has the added benefit of covering emergency transportation. There is no $20 copay for office visits, but there is a $50 copay for ER visits. If you know your basic needs, this should set you in the right direction for choosing a Medicare Supplement plan that’s right for you.