AARP Medicare Supplement 2020
Have you heard about Medicare Supplements? They can cover those pesky leftover expenses that you have to deal with when you sign up for an Original Medicare plan. They cover costs and services such as excess charges for Part B, deductibles for parts A and B of Medicare, copayments, coinsurance and more. If you look at any AARP Medicare Supplement in 2020, you will see these kinds of expenses being covered with that insurer’s various Supplement plans. Do you need that kind of coverage for your healthcare?
That’s a question that seniors should be asking themselves. That’s because so many people do save money with these plans, and we think there is a chance that you can as well, if you are of eligible age. There is a wide variety of Supplement plans to pick from, even if you just consider the lineup that AARP is offering. That means that there is a wide range of seniors for whom these plans could be perfect for.
What’s in a Medicare Supplement Plan?
Medicare has designed the Supplement plans to be gap fillers. When you sign up for a basic Medicare plan, you won’t get all of your healthcare costs covered. There will be copayments, deductibles, coinsurance and more that are related to your Medicare coverage and that you have to pay for on your own. You can get these covered with a Supplement plan, which is why these plans are often referred to as Medigap plans. They fill in gaps for you, and that can come in very useful when you are having trouble paying for all of those leftover, out-of-pocket expenses.
Supplement plans can specifically cover any of the following healthcare costs and services for you:
Medicare Part A copayment
Medicare Part B copayment
Medicare Part A deductible
Medicare Part B deductible
Medicare Part B excess charges (for when your healthcare provider does not fully accept Medicare coverage)
Medicare Part B coinsurance for hospice care
Coinsurance for nursing care
Three pints of blood (annual coverage that takes care of the remaining pints of blood you may use that are not covered by Original Medicare)
Foreign travel exchange (up to 80% of the cost of each time you are transported for emergency medical care outside the United States, with a lifetime coverage of $50,000)
There are eight main plans that you can pick from, not counting the ones like Plan F and Plan C that are recently discontinued but that could still be renewed by those who have them at the moment as their coverage plans. The remaining eight plans will cover many of these items, and you can find a wide range of coverage there. Some of them cover nearly all of those times we just listed, while others will cover just a few of them. Some of the Supplement plans cover a percentage of many of these items, such as 50% or 75%.
AARP’s Top Supplement Plans
There are a couple of Supplement plans that really stand out to us that we want to highlight here for a moment. If you sign up for an AARP Medicare Supplement plans for 2020 that covers nearly all of your medical expenses that were left over and that you can easily afford, then you have gotten a great deal and a plan that we would consider to be economical. We want to point out two plans that often fit those categories and the have the potential to save you a lot of money.
First up is Plan G. This is AARP’s prize Supplement plan and their most popular offering in this category of health insurance policies. Plan G will cover nearly all of the items we listed above. The only one it will not cover and will leave for you to pay on your own is the Medicare Part B deductible, which is going to cost you $185 each year. That’s not much to pay out of pocket. Plan G is considered to be a high coverage plan, and we think every senior should consider it for themselves.
Plan N is another great option, and it ranks just below Plan N in coverage. However it could offer greater value, as it gets rid of some of the less common or less important medical expenses for you, such as some minor copayments the Part B excess charges and that same Part B deductible. This leaves you with what is still a high coverage plan that costs less and is still relevant to most seniors.
What You Should Know about AARP
Let’s take a moment now to talk about AARP and what they have to offer you. This is a respected company that has their own prices for Supplement plans. That means that their rates may differ from those of other insurers on the same plans. Now, keep in mind that any Supplement plan that shares the same name will have exactly the same coverage. When AARP sells Medicare Supplement Plan G, you get the same coverage as if you bought Plan G from another insurer, like Aetna, Mutual of Omaha or Cigna. The price may be different though, as may the customer benefits, so keep all that in mind as you try to make your decision.
Like we said, there are eight of these plans to pick from, and AARP offers most of those in its 2020 lineup. You can use our site to see what they offer and how much they charge for their Supplement plans. AARP won’t typically have the cheapest prices, but they offer a lot of great customer benefits to counteract the slightly higher than average prices. You may want to factor those in as you try to find the right provider for your plan.
Any AARP Medicare Supplement for 2020 that you sign up for has the potential to save you money on healthcare. Just take your time to ensure that you pick the right plan for you and that you get a plan that covers the healthcare costs that you need to have covered.