Rights of passage – you got your drivers license, became old enough to drink, got married, had children, hit 40, then 50 and became qualified to receive United of Omaha, retired, and now you’re 65 and are qualified to receive Medicare. Embrace it and the challenges that are included with it. Shopping for a Medicare supplement plan is one particular challenges – but it’s really not too difficult.
If you’re over age 65 and do not need a retiree medical plan via a former employer or union or a government retiree plan and are not on Medicaid for medical coverage then you’ve likely had the pleasure of researching your options.
It’s especially difficult if you’re considering this insurance when you’re first turning 65. If you’ve already been through this you’ll know what I am talking about find medicare premiums online when I say your mailbox becomes cluttered with the marketing materials from every one of the various providers of Medicare supplement providers and every one of the educational material from Social Security and Medicare. You’ll receive brochures and outlines of coverage and applications and scores of “Selecting a Medigap Policy” Guides (Medigap is another term because of this insurance) and Medicare and You and notices and requests to send your information back on a card.
Possibly even worse are the telephone calls and the unexpected visitors at the door all wanting to assist you realize why their plans are best.
It’s among the worst types of information overload you’ll ever experience. You’ll have stack of Medicare and Medicare supplement guides 1 foot tall. They start about 6 months before your 65th birthday and just keep coming until many months after. Despite age 65 you’ll be bombarded towards the finish of each year with offers from different companies. Most of them seem a little too good to be true – and they generally are.
To make things even a tad bit more frustrating is that you have to forget everything you’ve ever known about health insurance prior to the age of 65.
You see, this insurance policies does not need doctor’s networks. They are not PPO’s or HMO’s. Once you get a Medicare supplement you don’t have to be worried about your doctor taking, as well as preferring, one Medicare supplement companies plan over another’s. Your network is the Medicare network and the doctor’s office files medical claims together – not with the Medicare supplement insurance company. Once Medicare approves the claim they will notify your Medicare Supplement Insurance provider they have to pay their part. So, the Medicare supplement insurance company can’t decide if they would like to pay a state or not. If Medicare approves they have to pay their part. If Medicare does not approve the insurance company doesn’t pay anything either.
Also, the plans are standardized sets of benefits classified into plan letters. So, you may wind up buying a plan F or a plan G or C. Regardless that plan letter you go with it will continue to work identically without regards to which company you get it from.Business