People who are eligible for Medicare and Medigap insurance have several choices in terms of which carrier they can go with. A United of Omaha Medicare Supplement can be a very good option in many states. Original Medicare covers some costs for supplies and medical services, but it does not pay for all of them. Private insurance companies provide Medicare Supplement Insurance, which pays some of the health care costs that Original Medicare does not cover.
You may have to pay a certain percentage of the expenses for healthcare services after the deductible. This is called co-insurance. You may need to part of the cost of supplies or medical services like a prescription for medication, or a trip to the doctor’s office. This is called a co-payment. A co-payment is typically a specific amount rather than a percentage. A deductible is the cost you pay before Original Medicare begins to pay.
The Most popular plans offered by United of Omaha Medicare Supplement Insurance are Plans F and G. These plans offer the most coverage of all the Medigap coverage.
Plans F and G
Plan F and G both include Medicare Part A and cover 100 per cent of coinsurance and hospital costs (up to an additional 365 days after Medicare benefits are used).
In certain states, Plan F offers a high-deductible plan. If you select this plan, you will have to pay for Medicare-covered costs up to the amount of the deductible, before your policy covers anything.
In some states, you may be able to buy a policy called Medicare SELECT. This insurance policy requires you to use certain hospitals and healthcare providers to get full coverage. If you purchase buy a Medicare SELECT you will have the option to change your mind within a year, and change to a standard Medigap policy.
Consider your current needs, as well as your future healthcare requirements. Medicare supplement insurance policies can pay all or part of these expenses. Before you begin any policy evaluation, review these benefits and choose the ones that are the most important to you.
Buying a Medicare supplement insurance policy is an important step. Companies all offer the same plans so your selection is based on three factors:
- The plan you want at a price you can afford
- The company’s ability to pay its claims
- The company’s service before and after the sale
All Medicare supplement policies include these benefits:
• Hospitalization: Medicare Part A- a coinsurance and coverage for 365 additional days after Medicare benefits end
• Respite Care: prescription drug co-payment and hospice care.
• First 3 pints of blood each year
Additional Benefits Vary by Plan
Each plan offers a combination of the following benefits. Which ones do you want your policy to pay?
• Medicare-approved skilled nursing facility co-payment
• Medicare Part A hospital deductible
• Medicare Part B excess charges
• Medical care when you are not in the United States and an emergency arises
A United of Omaha Medicare Supplement will help protect you from the expenses Medicare may not pay.
Mutual of Omaha Financial Ratings
Moody’s Investors Service awards the company as A1 (Good) for current financial strength and ability to withstand financial stress in the future. Standard & Poor’s gives Mutual of Omaha an A+ (Strong) rating for financial strength to meet obligations to policyholders.
No matter which Medigap policy you choose you should absolutely get quotes from all the top carriers in your area. A United of Omaha Medicare Supplement policy can help provide financial security and peace of mind.