Medicare coverage is a great option for seniors looking for good healthcare options. The problem is that there are sometimes gaps that need filling. That is where Medicare Supplement plans, or Medigap plans, come into play. Offered by private insurance agencies for the purpose of filling inevitable gaps in Medicare, this kind of policy is needed to pay the share of healthcare costs that are not covered by Medicare Advantage alone. Having a combination of these two plans is perfect for getting the best coverage. Of course, there are different Supplement plans, so you must obtain more than one Medicare Supplement quote to get the best deal possible.
Currently there are 12 plans offered, named Plan A through Plan L. There will be changes to these made in June, 2010, with the addition of Plan M and Plan N and the elimination of Plans E, H, I and J. This increases the need for you to compare now before you must make a final decision. All plans have been standardized by the federal government since 1992, which makes getting a Medicare Supplement quote easier between companies. Plan G in Mississippi is the same one offered by a completely different company in New York, but they may charge differently.
As you search out a Medicare Supplement quote from different companies offering different policies, you should be aware that Medicare has a Part A and a Part B. Generally, the insured person pays monthly premiums on Medicare Part B and the Medigap premium on top of that. Married couples cannot buy a single policy, but must be covered separately. Different policies as well as companies offering said policies should be compared when looking for plan quotes. Never hesitate to ask plenty of questions. If the answers you get pose more questions, ask and ask again until you understand what you are signing up for.
Ask about information concerning buying policies once you decide upon one, how to change policies should the necessity or desire arise, when the best time to buy is and why it is important the make the purchase in the first place. Everyone talks about Medicare like they understand the ins and outs, but in reality most people go with the flow without understanding a whole lot about it. By educating yourself now, you will be that much more informed when the big changes occur this coming June 2010. Get a Medicare Supplement quote today from multiple companies in your area.