Medicare supplement plans offer superior coverage to medicare advantage plans, which is why thousands of seniors are planning to make the switch during the upcoming annual enrollment period. However, just deciding to switch back to original medicare and supplemental insurance isn’t enough, one must also decide which medicare supplement plan they would like to purchase. This can be a tough decision considering there are so many options.
Medicare supplement plan F is still far and away the best and most popular plan. The majority of seniors who purchase supplemental insurance choose this option knowing they will rarely pay for any medical or hospital services. There are virtually zero out of pocket costs for any medical service when covered by plan f. There are other popular plans, although they might not offer the best coverage.
Medicare supplement plan N has been a big hit since its release on June 1st, 2010. However, the majority of seniors aren’t buying it do to the $20 co-payments. Experts believe the main reason is because they are fed up with medicare advantage plans and have decided full coverage is what they need. Most medicare advantage plans require you to pay a co-payment every time you visit the doctor, which is similar to plan n. Keep in mind, unless you visit the doctor very frequently, plan N is almost always cheaper in the long run than plan f.
Medicare supplement plans are the perfect solution for seniors who need a lot of medical services, or are tired of paying co-payments for all their medical needs. While plan F might be the most popular plan available, plan N should be considered if you are on a tight budget. Keep in mind you can still visit any doctor or hospital as long as they accept original medicare.
There are many reasons why seniors are switching from advantage plans to medicare supplement plans. Some are tired of paying co-payments, some have doctors and hospitals that no longer accept their plan, and some have insurance companies that no longer offer insurance in their area. Regardless of their reason Medicare Advantage plans Florida, they should take comfort knowing medicare supplemental insurance offers superior coverage the majority of the time.
There are many ways to get quotes for medicare supplement plans. You can contact every company directly, call your local agent, or consult with a national insurance broker. Regardless of how you gather information, the prices for these plans will all be the same as they are fixed and must be approved with the state department of insurance. However, the important thing to remember is every company will charge a different price for the same exact plan, which means it is beneficial to shop around for the lowest price.
