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Medicare Supplemental Insurance

Discussion in 'Off Topic Threads' started by Kim Little, Sep 16, 2009.

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  1. Kim Little

    Kim Little Member

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    Has anyone researched the best plans out there or have experience with plans. I am confused with the choices. Which ones do you recommend? Which ones do you not recommend? Are they all the same?
     
  2. cubancigar2000

    cubancigar2000 Well-Known Member

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    I found one a few years ago for my mother but do not remember the name. I will ask her as it has been awesome for her - she never pays a cent out of pocket and has great coverage. I am 67 but have not signed up for medicare yet ( other than part A which is mandatory) because I have coverage through my wifes employer.
     
  3. Kim Little

    Kim Little Member

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    Thanks Cubancigar I look forward to hearing back from you. Kim :)
     
  4. cubancigar2000

    cubancigar2000 Well-Known Member

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    she lives in Indiana and they are two hours behind me here in Idaho. Due to the fact she goes to bed early and just got out of the hospital again, I cannot call until morning
     
  5. hmb

    hmb Well-Known Member

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    Medicare A covers hospital costs and Medicare B covers 80% of your doctors cost. You need private coverage for the other 20%. You also need perscription drug coverage. If you google Medicare A&B you can read about all the plans.HMB
     
  6. sliverbulletexpress

    sliverbulletexpress TS Member

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    Yes, but there should be lots of people on here to draw from their experience to gain some knowledge about the better companies to deal with don't you think!!!\

    PS I'm in the same boat I need to buy some supplemental and lots of people say AARP they aren't getting a cent from me so who else?
     
  7. oneidcharlie

    oneidcharlie Member

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    try BCBS senior select, it has been great for me. Charlie in Iowa
     
  8. sliverbulletexpress

    sliverbulletexpress TS Member

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    Thanks charlie I will. I first read your handle as one eyed charlie and thought wow that poor guy should know. Then I decided it was one I D charlie, I guess like you don't have multiple personalities on here like so many do? Or something else? I just hav to know.
     
  9. BIGDON

    BIGDON Well-Known Member

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    There is not just one plan but 5 or 6. Personally I chose plan F. The difference in the plans are what they pay in the gaps left by Part A & B. There is a handout that you are suppose to get before an agent talks to you which outlines the various plans. Price is dictated by which plan you take at what age. You do have some choice so don't go with the "only one plan". A fairly new plan on the market is a Medicare Advantage plan which basically handles all parts A, B, prescriptions and the supplement and you pay one price for it all. The Blues handle most of the Advantage plans but all health carriers must offer Med. supp.. You only have a limited guaranteed period to purchase, which is important if you have any conditions. But if you are coming out of a group or another health plan they will give you a certificate of prior which will guarantee you coverage when you enroll within so many days
    My wife has the advantage plan and likes it very much.

    Sorry I wasn't more exact but I only do a few of these a year for clients and my "stuff" is at the office.

    Don
     
  10. bigdogtx

    bigdogtx Well-Known Member

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    What exactly are you wanting your coverage to be? As Don says, there are lot of variables.
     
  11. Kim Little

    Kim Little Member

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    I am looking for my mother, age 69, she needs full coverage. Hospital, perscription drugs, doctor visits, etc.
     
  12. Ljutic111

    Ljutic111 TS Member

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    Check on SecureHorizons*by UnitedHealthcare/Oxford. I`m 68 and picked this at 65 and they take the Medicare payment of $98 per month and give you this in exchange . $10 co-pay, $20 specialist co-pay, Dental, eye glass coverage and Pharmacy reductions that are very good . Luckily I`m in fairly good health and can`t remark on any highend hospital costs but I would surely look into it from the Senior Center nearest you and they may explain it better to you. Only problem I have had is eye glasses, had an examination, sent the prescription out to CA from NJ and took 5 weeks to get my glasses back -- didn`t look good so they sent them back again after another examination and I`m still waiting and into the other 5 weeks. Cost for this and nice looking 18kt gold frames from Germany was only $70 !!! I still recommend them for the cost .
     
  13. BIGDON

    BIGDON Well-Known Member

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    Find a local agent you can trust to lay all this out for you. There are to many varibles, including state rules, to mess with getting advice like this. If it's done wrong you could be on the outside looking in for a year or longer.

    Don
     
  14. spitter

    spitter Well-Known Member TS Supporters

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    Advantage plans plans are like HMO programs vs. the indemnity style provide by AARP and others. While most hospitals accept all plans, The starting point is asking your mother's present providers what they accept. Also ask if they all accept Medicare's level of benefits or accept "assignment".

    If some or all of her docs don't accept Medicare "assignment", then you'll need a Plan F which covers the difference (on a U&C basis) between what Medicare allows and what the doctors typically charge.

    If the providers accept "assignment" you now have more options and a lower plan cost... Plan C covers Medicare deductibles or you can choose D or E which offer some "at-home recovery" or "preventative" care, coupled with a slightly lower premium. There are a couple of high deductible plans (K & L) to limit insurance costs further, but the deductible has to be accounted for.

    With Medicare Part D (Rx), there is an annual open enrollment each Fall (Nov-Dec) for the upcoming January. Call the Pharmacy, Sam's Club, WalMart & Costco and ask what the retail cash cost of her prescriptions are... then compare that to Rx plan costs + copays and make an informed decision on whether she really needs an Rx Plan.

    Respectfully offered,

    Jay Spitz
     
  15. Quack Shot

    Quack Shot Active Member

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    You need to find out what is offered in the State that she lives in. United Health Care would usually supply the AARP plans, so you can contact them directly and cut out AARP as the middleman. I WON'T support AARP. Humana has various plans in several states. You should do the research and see what's offered and make some comparisons. The "HMO" style plans have a few advantages, but there are a LOT of people that have had problems getting them to cover their needs. The "Medi-Gap" plans are probably some of the better ones, since they usually base what they pay on what Medicare covers. HMO plans do not all have to do that. The Drug supplement programs are also out there.
     
  16. Kim Little

    Kim Little Member

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    Thank you for the information it has cleared up alot of confusion. Kim :)
     
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