Thursday, August 15th, 2021 – Medicare – Advertorial
There is one simple truth that those of age 65 and older must know. Original Medicare (Parts A & B provided by the government) is designed to be the minimum coverage. With original Medicare, patients are at risk of huge out-of-pocket medical bills for care that isn’t covered:
- Hospital Visits (Copays & Deductibles)
- Doctor Visits (Copays & Deductibles)
- Preventative Care (Copays & Deductibles)
- Skilled Nursing Facility Care
- First 3 Pints of Blood
- Foreign Travel Emergency Care
The official government site for Medicare estimated that the yearly Out-of-Pocket Costs for people in Good Health in 2019 was $7,850, and expenses are expected to climb in 2021.
How to Get Protected From Out-of-Pocket Costs:
A Medicare Supplement insurance policy, commonly referred to as “Medigap,” is a private form of medical insurance that helps to cover the costs of healthcare that Medicare doesn’t cover. You can buy a Medigap policy for monthly premiums that will pay for the Original Medicare deductibles, co-payments, co-insurance, and other costs when they arise.
When you buy a policy, you have 10 standardized plan options to choose from in most states. While these options are regulated by the federal government, you buy the plans from private insurance companies, not the government.
Government Cuts to Medicare Supplement
Starting in 2021, Medigap policies can no longer cover the deductible for doctor visits and seniors will have to pay for it themselves. Their goal is to make patients think twice about using medical services as they will have to pay something for them. This can be a dangerous mentality to have when considering ones health.
NOTE: New for 2021 are High Deductible Plan G Options – Take advantage of this new plan designed for the recent changes in Medicare.
Here's How You Can Find the Best Policy:
Step 1: Click Your State on the Map Below.
Step 2: Fill out some basic information in order to review Medigap plans from top companies and save on your out-of-pocket healthcare costs.
or Call (844) 959-0907
TTY 711
See How Much You Can Save With The Right Plan
Sources
- https://www.medicare.gov/coverage/hospital-care-inpatient.html
- https://www.reuters.com/article/us-column-miller-medicare-idUSKBN0MM26J20150326
- https://www.congress.gov/bill/114th-congress/house-bill/2/text
- https://www.medicare.gov/coverage/preventive-and-screening-services.html
- https://www.medicare.gov/find-a-plan/staticpages/medigap-out-of-pocket-costs.aspx
Disclaimer: Not affiliated with the U.S. government or federal Medicare program.
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