Medicare supplement insurance, aug 2011

MEDICARE SUPPLEMENTAL INSURANCE

HTTP://WWW.MEDICARESUPPLEMENT-INSURANCE.COM

MEDICARE SUPPLEMENTAL INSURANCE

Medicare supplement insurance is not offered or serviced by the government; it is an individual health insurance policy that is sold and serviced by private insurance companies.


WHAT MEDICARESUPPLEMENT-INSURANCE.COM DO FOR YOU?

At MedicareSupplement-Insurance.com, we will make finding the right plan a simple process while focusing on saving you money. We will help you find a local Medicare supplement insurance agent that will work directly with you to secure a plan that fits your needs, within your budget. We have one of the largest networks of licensed agents who specialize in Medicare supplement insurance for your local community.


BENEFITS OF MEDICARE SUPPLEMENT INSURANCE

Medicare supplement insurance, or Medigap insurance covers the gaps left by Medicare. MedicareSupplement-Insurance.com will assist in finding the right plan to ensure comprehensive cover at the lowest possible cost.


MEDIGAP INSURANCE POLICIES AND PLANS

What are Medicare Supplement Insurance policies?

Medicare supplement insurance policies are an option when you become eligible for Medicare. Medicare was designed to be a safety net for seniors and even though it does provide a lot of affordable medical coverage, it doesn’t cover everything.

Medicare supplement Insurance plans (Medigap) were designed by the federal government to help in paying costs over and above what Medicare covers. These Medical supplement insurance health plans have become known as Medigap plans because they make up for the “gaps” that Medicare doesn’t cover.


MEDICARE ADVANTAGE

When the Balanced Budget Act of 1997 was passed, it allowed Medicare beneficiaries the option to receive their Medicare benefits through private health insurance plans, instead of through the original Medicare plan (Parts A and B). These programs were known as Medicare plus Choice or “Part C” plans. Before the Medicare Prescription Drug, Improvement, and Modernization Act was passed in 2003, Medicare plus Choice plans were made more attractive to Medicare beneficiaries by adding the prescription drug coverage which became known as Medicare Advantage plans.


MEDICARE ADVANTAGE PLANS 2011

Preferred Provider Organizations (PPO)

Medicare Health Maintenance Organizations (HMO)

Private Fee-for-Service Plans

Medicare Special Needs Plans


MORE ABOUT MEDICARE

Medicare is a federal health insurance program that is designed to provide coverage for persons age 65 and older, persons of any age with permanent kidney failure, and certain disabled persons. Medicare provides coverage for over 50 million people. The annual budget for Medicare is in excess of $100 billion.


DIFFERENT TYPES OF MEDICARE

1. Part A. Hospital Insurance: Helps pay for inpatient hospital care, nursing home facility, hospice, and some home care. To see full list of coverage's available under Medicare part A click here.

2. Part B. Medical Insurance: Helps pay for medical some services and products not covered in Part A, like doctors’ services, outpatient care, and some medical equipment and other preventive services. To see full list of coverage's available under Medicare part B click here.

3. Part C. Medicare Advantage Plans: Gives Medicare beneficiaries the option to receive their Medicare benefits through a private health insurance plans, instead of through the original Medicare plans (Parts A and B). To see full list of coverage's available under Medicare part C click here.

4. Part D. Prescription Drug Coverage: Is a drug insurance plan run by an insurance company approved by Medicare. There are two ways to get Medicare prescription drug coverage — Medicare Prescription Drug Plans and Medicare Advantage Plans. learn more. To see full list of coverage's available under Medicare part D click here.


ORGANIZATION OF MEDICARE

Medicare programs are directed by the Health Care Financing Administration in Baltimore, Maryland. It sets the standards which hospitals, skilled nursing facilities, and hospices must comply with in order to be certified as qualified providers of Medicare services. The Social Security Administration processes Medicare applications and claims.


MEDICARE ELIGIBILITY REQUIREMENTS

If you have been a resident of the United States for at least 5 years and 65 years of age or older, you are most likely eligible for Medicare. Also, people with disabilities under 65 years old may also be eligible if they receive Social Security Disability Insurance (SSDI) benefits. You may also become eligible if you have special medical conditions.

1) You are 65 years or older and have been a United States citizen for 5 continuous years and you or your spouses have paid Medicare taxes for at least 10 years.

Or

2) You are under 65 years old, disabled, and been receiving either Social Security benefits or Railroad Retirement disability benefits. You must have received one of these benefits for at least 2 years from the date of first disability payment (entitlement) before you become eligible to enroll in Medicare.


3) You are also eligible for Social Security Disability Insurance and have amyotrophic lateral sclerosis (also known as Lou Gehrig’s disease)

For people who are 65 and older must pay a monthly premium to remain in Medicare if you or your spouse have not paid Medicare taxes for 10 years.


HOW TO ENROLL IN MEDICARE ONLINE?

You can go online and find out if you qualify for Medicare at Medicare.gov, here is a basic overview to see if you qualify, if you:

Are at least 64 years and 8 months old

Want to sign up for Medicare and do not currently have any Medicare coverage

Live in the United States or one of the its commonwealths or territories and

Do not want to start receiving social security benefits at the same time.


ENROLLMENT FOR INDIVIDUAL MEDICARE PARTS.

Part A – You are automatically enrolled on your 65th birthday. For more information on eligibility click here.

Part B – If you get Social Security or Railroad Retirement Board Benefits (RRB) you are automatically enrolled the first day of the month you turn 65. If you aren’t automatically enrolled, you can enroll as early as three months before your 65th birthday. If you get disability benefits from Social Security, you’ll automatically get Part B.For more information on eligibility click here.

Part C – Contact the specific plans you’re interested or click here and we can refer to you an agent in our network that specializes in Medicare Advantage in your area. For more information on eligibility click here.


Part D – Once you choose a Medicare drug plan, you can join by completing a paper application, calling the plan, enrolling on the plan’s Web site, or through the MPDPF LINK. You can also enroll by calling 1-800-MEDICARE (1-800-633-4227). TTY users should call 1-877-486-2048. Visit the Medicare Prescription Drug Plan Finder for a list of Medicare drug plans in your area. For more information on eligibility click here.


MEDICARE PROVIDER INFORMATION AND SERVICES

Contact us:

Medicare Supplement-Insurance.com

220 Newport Center Dr Ste 11-202Newport Beach, CA 926601-877-9-Medi-Gap1-877-963-3427Info@MedicareSupplement-Insurance.com


Medicare supplement insurance, aug 2011

Economy & Finance

Transcript of Medicare supplement insurance, aug 2011