Are you worried about having to go the hospital because you’re not sure what Medicare will cover? Do Medicare’s co-insurance, co-pays and deductibles make it hard for you to figure out how much you’d have for take out of your retirement savings for an extended hospital stay?
Medicare’s Part A deductible, which you have to meet before Medicare begins to cover hospitalization, can really take a big bite out of your savings. That deductible is $1,110 per illness in 2010. And, that’s not the end of what Medicare can leave you to pay if you need to be in the hospital.
What if you need hospital care from more than 60 days? Medicare considers that an extended stay, and it stops paying for 100 percent of your daily hospital charges on day 61. The portion you’ll have to pay is called co-insurance, and all 10 Medicare Supplement Insurance plans handle that co-insurance for you.
With 10 different plans from which to choose, you can find the best plan to fit your needs and budget. To get an idea of what Medicare Supplement Insurance can do for you, us online. MediGap Advisors also provides expert assistance in Medicare Planning. Arrange to speak with a Personal Advisor by calling MediGap Advisors at 866 323-1441. There’s never a charge for our professional services.
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit www.MediGapAdvisors.com.