Medicare Supplement Plans 2011 - Quotes And Information

By Author: Tyra Phillips
Total Articles: 78
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Medicare Supplement Plans will be the best choice for seniors in 2011. Healthcare reform has put significant financial pressure on many Medicare Advantage plans and thousands are expected to leave their current plans in favor of original Medicare and supplemental insurance. In light of recent changes, it is helpful to understand exactly which plans will be the best option, and exactly how one should go about reviewing these plans and educating themselves regarding the many available choices.

Medicare Supplement Plan F will continue to be the most popular plan for people over 65. This plan is favored due to its comprehensive nature and affordable price point. People who purchase this plan rarely have any out of pocket medical expenses and have the freedom to visit any doctor, hospital, or specialist that accepts original Medicare.

Plan F covers the Medicare part A deductible, which is $1100, and the Par B deductible, which is $155. Medicare Part A is your hospital benefit and Medicare Part B is for physician services. In addition, this plan will pay the 20% coinsurance original Medicare does not. Furthermore, ...
... this plan picks up all Part B excess charges and has a foreign travel benefit. Keep in mind, there is also a high deductible option, which has a $2000 deductible and should only be considered if you want catastrophic coverage.

When considering all the Medicare Supplement Plans available, Plan G is often the most affordable option. This plan has the exact same benefit package as Plan F, except you must pay the Part B deductible, which is $155 annually. However, this plan is often more than $15 cheaper per month, which means you will save money over the course of the year, especially if you rarely visit the doctor. Medicare Supplement Plan G is also offered by the majority of quality insurance companies, which means there are likely a few options available in your area.

Of the two new Medicare Supplement Plans, Plan N is the most popular. This plan is much cheaper than other plans, but people who enroll will have greater share of cost for medical services. However, people who like traditional employer plans or Medicare advantage plans will find these plans are of great interest. With Plan N, you have to pay the Part B annual deductible as well as $20 co-payments for doctor visits and $50 co-payments for trips to the emergency room.

Getting a Medicare Supplement Quote from every company and for all plans can be a difficult task. You can consult many local insurance agents, call every company, or consult a national insurance broker who specializes in this type of insurance. While all three methods can be effective, it is easiest to consult an expert who carries all companies and can give you quotes for all plans. In addition, they should be able to provide insight into new changes and prescription drug plans.