Monday, January 30, 2017

Why not a Medicare Supplement Plan D?

Why not Plan D?

All the talk these days about the Cadillac of Medicare Supplements Plan F and it's comparable little brother Plan G, but what about their cousin the economical Plan D? Plan D has Great Medicare Supplement coverage with affordable rates and is certainly worth considering.  
      
Medicare Supplement Plan D is an underutilized option that many seniors don't know enough about to even consider.  So, here are some highlights:

Lower rates and household premium discount available with some carriers.

The only difference between Plan D and Plan G is the Part B excess charges.

There are almost no Part B excess charges if the provider accepts Medicare assignment.

96% of providers who provide Medicare-covered services accept Medicare assignment.

99% of all Medicare-covered services are paid on assignment.*

It is EASY to confirm if your providers accept Medicare Assignment, go here: https://www.medicare.gov/physiciancompare/search.html

So, maybe it's time to consider a less expensive alternative.

Source: http://kff.org/medicare/issue-brief/paying-a-visit-to-the-doctor-current-financial-protections-for-medicare-patients-when-receiving-physician-services/

Medicare Supplement Comparison Chart:



Source: https://www.medicare.gov/supplement-other-insurance/compare-medigap/compare-medigap.html
  
* Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,200 in 2017 before your Medigap plan pays anything.

** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.


*** Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don't result in inpatient admission.














Sonia Ashford
817-689-3536

Sonia Ashford is an Independent Insurance Agent in the Medicare field and has delivered hundreds of speeches about turning 65, Medicare Advantage Plans and Medicare Supplement Insurance Plans to consumers in Tarrant, Dallas & surrounding counties. A respected agent within the Medicare Insurance industry, she is the owner of Ashford Insurance Services, LLC and a Managing Member of Agents Legacy Group, LLC. Visit Sonia's agency website: http://ashfordinsuranceservices.com to learn more about how she can help you with your Medicare decisions. Visit RightFitPlans.com to compare, select and enroll in Medicare Insurance Plans.