Why is there such a big demand for health insurance among people who qualify for Medicare? It’s because Medicare doesn’t pay for all of the healthcare many people really need. Let’s take a look at what Medicare actually covers.
If you need to see a doctor, Medicare pays for 80 percent of a pre-approved amount after you meet a Part B deductible. Not all doctors are willing to work with Medicare and even if your doctor will, you’ll have to pay for 20 percent of every bill. Medicare Supplement Insurance can take care of that 20 percent for you, and that can be a great help when you need a lot of doctor care.
Medicare also limits how much help you can get for hospital care. You must meet a Part A deductible on inpatient hospital services and that’s over $1,000 per benefit period. A benefit period lasts for 60 days and ends when you haven’t received hospital or skilled nursing facility care for 60 consecutive days. If you need either type of care after that, you must pay another deductible for an additional benefit period, and there is no limit to the number of benefit periods.
Medigap Insurance can protect you from such devastating medical bills, but the only time you are guaranteed the right to Medicare Supplemental Insurance is during open enrollment. Give us – MediGap Advisors – a call at 866-323-1441 and we’ll help you determine when your open enrollment period is, and help you compare all the different ways to complete your Medicare coverage for the lowest price. You can learn more about us, how Medicare works and all the Medicare Supplement plans to fix the gaps in Medicare on our website.