COMPARE MEDICARE SUPPLEMENT Plans for 2020

Your current medical insurance may not be covering enough of your healthcare costs, and when that happens, many seniors turn to Medicare Supplements. These kinds of insurance plans are designed to fill in the coverage gaps created by the basic Medicare plan, and they might be able to save you money, even though you have that added cost of another insurance plan to deal with. When you compare the Medicare Supplement plans 2020 has to offer, then you too could save money on your healthcare.

What Are Medicare Supplements Going to Do for You?

The first question most people ask when they consider buying an insurance plan is, “What will this plan do for me?”. They want to know how they will save money by choosing that plan over anything else or over not getting a plan in the first place. It’s a great question to ask about Medicare Supplements, and the short and simple answer is that they will do what Medicare does not do. Medicare offers you coverage for a lot of basic and expensive healthcare services, but that basic plan will still leave you with plenty of potential costs to deal with. Many of those costs can be filled in by a Medicare Supplement. The Supplement plans have been designed to work with basic Medicare and be compatible with it, covering some of the same types of expenses but never intersecting or overlapping. That means you can sign up for a Supplement plan and a basic Medicare plan at the same time. The Medicare plan is required for the Supplement plan to be valid.

We want you to feel good about any coverage decision you make, so we are going into detail what Medicare Supplement plans actually cover. That will also help you compare the plans better, which is what this site is all about doing. It’s hard to compare properly until you know the exact details of all that you are comparing. Let’s dive right into the supplementary coverage, then:

  • Part B Excess Charges- This is not a very common medical expense, and it relates to instances where you receive outpatient services, but the healthcare provider does not fully accept Medicare. Only a couple plans offer this coverage item.
  • Part A Coinsurance- This covers hospice care-related expenses not covered already by basic Medicare.
  • Nursing Care Coinsurance- This will cover nursing care costs that basic Medicare did not cover for you.
  • Part A Copayment- This will cover your regular out-of-pocket costs for inpatient services, particularly hospital stays for up to 365 days.
  • Part B Copayment- This covers many of your out-of-pocket costs of inpatient services.
  • Part A Deductible- This takes care of the major Part A costs that Medicare leaves for you.
  • Part B Deductible- This only covers the $185 deductible cost, and it isn’t included in many Supplement plans.
  • Blood Usage- Three pints of blood are taken care of each year with this item of coverage, while all the rest are covered by basic Medicare.
  • Foreign Travel Exchange- You’ll be covered for most of the cost of being transported to a medical facility outside the US during an emergency with this item of coverage.

Note that only one plan- Medicare Supplement Plan F- covers all the items just listed. The other plans only cover some of them, and you will need to compare them to figure out how well they cover you and your needs.

Compare Medicare Supplement Plans for 2020

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You Ought to Compare the Plans

It is really important that you examine the Medicare Supplements and compare what they have to offer. You can probably find one that works great for you and that covers you where you need to be covered. Look at the list above and see if any items jump out at you as out-of-pocket expenses that you are paying for now. Then, find a plan that covers those for you in an economical way. You don’t have to have every single expense covered by your healthcare insurance plan, but covering the most common ones or the most expensive ones is a good idea.

You should use our website to do your comparison of the Supplement plans. We offer a free way to look at the plans and compare their coverage and prices. We offer detailed looks at each of the plans; plus, we make it so easy to compare their rates and find the best one for you. It’s simple to find the lowest price for any Supplement plan here on our site. Just perform a search for the plan you are interested in and get your results back in a few moments. You will see a list of rates for that plan from all sorts of different providers. It’s pretty easy to see who has the best price at that point.

Use our site for free and as often as you want to compare the plans. The more time you spend comparing rates and coverage, the better your chances are that you will get a great deal and save money on your healthcare over the long run. The sooner you sign up for an economical plan, the more money you will save as well. You can get those rates locked in early and pay less each year than the new subscribers will pay. Many insurance companies offer you a lower rate increase than what they charge to the new subscribers, just because they appreciate the loyalty you show them when you renew your coverage plan. The sooner you sign up, the lower your rate will be from year to year, in many cases.

It is vital that you do compare Medicare Supplement plans for 2020, as the rates will be all over the place. The rates do not affect the coverage at all, so Plan F is still that full coverage plan regardless of how much you are being charged for it.

Comparing the coverage is very important as well, as that ensures you are finding a suitable plan that will take care of you over the coming year and not getting unnecessary coverage or not enough coverage.

Medicare Supplements to Consider

In the past, most people would sign up for Medicare Supplement Plan F more often than any other. This once popular plan is no longer the top choice, though, and it is losing its popularity rapidly as a result of some new legislation. You may have heard of MACRA, which is a new act that seriously affects Medicare Supplements. For now, it restricts Plan F and who can sign up for it. Plan F and Plan C are now both part of what is called a closed risk pool where no new people can sign up for them. If you are someone who has never signed up for either of those plans, then they won’t be available to you for the 2020 Open Enrollment period. These two plans can only be renewed at this point, which severely limits who can buy them.

This also means that they will become very expensive, so you will want to seek out another plan instead, even if you have one of those two right now. Plan G will probably save you a lot more money, in most cases. Plan G is a high coverage plan that includes coverage for all that we listed here, as far as supplementary expenses, except for one item. It will not cover the $185 Part B deductible, but you may be better off not having that covered, since you usually pay more for its coverage than you do pay out of pocket for it.

Plan G is also getting a new version for 2020. That would be High Deductible Medicare Supplement Plan G, and it is going to be available soon. It differentiates itself from the regular Plan G by having a higher deductible, as you can tell, but a lower monthly premium. This is an economical version of the plan that will appeal to people who may not need all the coverage very often but like to have the peace of mind that a high coverage plan like this offers.

Plan N is another option for seniors that offers lots of coverage and an economical price point. It will cover the majority of the supplementary expenses as well, but it does ask that you take care of the Part B excess charges, the Part B deductible and two copayments that are fairly small ($20 and $50).

Check the prices on these plans on our site, and keep checking back, as the rates do change periodically. Once you sign up for a plan, the rates will not change, but until then, then insurers can alter the rates how they like. Our site shows you the rates as they currently are, with up-to-date information that is relevant to your area. The rates are different from one area of the country to the next, so keep that in mind and only use a price quote tool that factors in the zip code, like ours does.

Compare Medicare Supplement Plans for 2020

ENTER YOUR ZIP CODE BELOW

SPEAK WITH AN AGENT NOW!

1-888-891-0229

Mon – Fri : 8am – 8pm EST

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Who Is Selling These Supplements?

Medicare Supplements are not available through the Medicare organization. It is Medicare that came up with the plans and decides how much each of them will cover, but Medicare allows private insurance companies to sell its plans and even set the prices for the plans. We are going to examine a few of the more popular and larger companies for you to consider. There are tons more choices than these, but we think you should be aware of some of your choices and how they differ from one another. It’s not just about comparing the rates when it comes time to choose a Supplement plan and an insurance provider.

aetnaAetna– (NYSE: AET) You will enjoy a wide range of consumer benefits when you sign up for a Supplement plan with Aetna. You get perks like personalized diet plans, lifestyle advice and access to medical professionals, and on top of that, the company is able to retain steady pricing to give its members peace of mind.

mutual of omahaMutual of Omaha– This well regarded company hails from Omaha, Nebraska and is recognized as having some of the best customer service in the business. They do pretty well at keeping prices competitive too, and they offer a wide range of the most popular Supplement plans.

cignaCigna– (NYSE: CI) What makes this Bloomfield, Connecticut insurance provider stand out is its sheer size. The company raked in more than $41 billion in earnings last year, and that means they can keep their prices stable and even compete with the competition without hurting their vast supply of resources. It also means that Cigna is able to cater well to the needs of its members and offer them perks that some other insurers cannot.

united healthcareUnited Healthcare/AARP– (NYSE: AARP) When United Healthcare bought up AARP, it created an amalgamated company that combined senior-focused care with extensive medical experience. AARP had already been working with retirees and seniors for decades before they became a part of United Healthcare, so they know what their customers are looking for and are able to provide it.

bluecross blueshieldBCBS: (NYSE: ANTM) With a BCBS plan, you can save money over most insurers, since BCBS is known for its very competitive pricing. They also have a good reputation for customer service, and they have offices available in most parts of the country.

We’ll Help You Save Money

We know how expensive healthcare can be and how inadequate Medicare can be as far as medical coverage for most people. That’s why we specialize in Medicare Supplements, helping seniors find the coverage plan that works for them. We make the comparison process simple, and we do advise that you compare the plans- both what they cover and what they cost. You can do that here on our site and never pay anything for the service or feel obligated to sign up for anything.

Medicare Supplement plans are saving seniors money each and every year, and if you compare Medicare Supplement plans for 2020, you will see how much they could save you too. Let us help you by using our site to compare and calling us if you have any questions or just need some advice.

Compare Medicare Supplement Plans for 2020

ENTER YOUR ZIP CODE BELOW

 

SPEAK WITH AN AGENT NOW!

1-888-891-0229

Mon – Fri : 8am – 8pm EST