Hey Medicare Nation!
On the Last episode.....I spoke to you about Medicare Supplement Plan "F" and High Deductible Plan F.
Today....I'm going to talk about Medicare Supplement Plan "G" and Plan "N"
Plan "G" allows you to "purchase" an insurance policy, where you pay a monthly premium to the carrier......
in return...... Medicare Supplement Plan G, will pay ALL your Medically necessary out-of-pocket deductibles, co-insurance and co-pays...... EXCEPT for ..... The Annual Part B Deductible. YOU will be responsible for the Annual Part B deductible each year.
Currently.... in 2019, the Annual Part B Deductible is $185.00.
So..... when you seek medical care in the beginning of the year.... you will pay out-of-pocket until you hit the $185.00 Part B Deductible.
After you pay the $185.00 Part B Deductible....you will NOT be responsible for ANY other deductibles, co-pays or co-insurance under Medicare Supplement Plan G, that are medically necessary under Medicare.
Plan "N" allows you to "purchase" an insurance policy, where you pay a monthly premium to the carrier......
in return...... Medicare Supplement Plan N, will pay ALL your Medically necessary out-of-pocket deductibles, co-insurance and co-pays...... EXCEPT for .....
1. The Annual Part B Deductible ($185.00 in 2019)
2. A co-pay of up to $20.00 for each doctor visit.
3. A co-pay of $50.00 if you go to the Emergency Room and you are "Discharged" from the Emergency Room.
If you are "admitted" to the hospital from the ER... you will NOT incur a $50.00 co-pay.
If you have paid all of your Part B Deductible, you will have NO other out-of-pocket costs while you are an inpatient in the hospital.
4. If you seek treatment, testing or diagnostic testing from a physician or facility that does NOT accept Medicare, you WILL be responsible for 100% of the cost of that service.
The provider or facility can legally charge you 15% above and beyond the Medicare Allowable charge.
It is vital that you always ask prior to receiving care, a test or doctor visit....if the physician or facility "accepts Medicare."
If they do.....your charges are outlined above.
If they do not accept Medicare..... you may be responsible for ALL of the charges, up to 15% of the Medicare Allowable charge.
ASK BEFORE YOU SEE A DR or RECEIVE TREATMENT!
Prices for Medicare Supplements VARY by zipcode!
Get quotes from MANY different insurance carriers prior to enrolling in a plan. You could save hundreds....sometimes over a thousand dollars a year!
HAVE a Question for ME?
Send it to me at Support@TheMedicareNation.com
I will answer ALL emails I receive.... personally!
If the answer to your question will take me more than 1 paragraph to answer... or .... it is necessary to do some research for you in order to answer the question.... I will respond and advise you to hire me as your consultant.
Many of your questions may be answered on the official Medicare website - www.Medicare.gov
Always do YOUR Due Dilligence before you enroll in a Medicare Plan!
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YOU will be responsible for the Annual Part B deductible each year.