In order to find the most suitable medical coverage for yourself in 2019, you need to do a comparison on the plans. When you compare Medicare Supplement plans for 2019, you’ll be able to see how they stack up against one another. We suggest that anyone interested in these plans do just that, and we are going to show you why you should compare the plans and how you can compare them.
What Plans to Compare
There are 10 distinct Medicare Supplement plans, and you don’t actually need to compare them all. You can cross a few off your list as not applicable to you with just a few quick answers. You need to ask yourself how much coverage you need for medical expenses. Compare how much you are paying for now and how much you would like to have covered. You also need to ask yourself how much you can afford for medical insurance.
Once you answer those questions, you should be able to determine if you need a low coverage plan or a high coverage plan. Do you need most supplemental expense covered by one of these plans, or would you benefit more from having only a few supplemental costs covered? That’s for you to decide, and it’s your starting point for comparing these plans.
You really can’t examine all the plans and pick out which one is going to be right for you until you have looked at your needs and assessed what level of coverage would be right for you.
Once you do that, then you can narrow down the list of ten plans to something more manageable. For instance, if you determine that you need a high coverage plan and that your Medicare Original plan is far from adequate for your insurance coverage, then you should be comparing plans F, G and N. These high coverage plans probably have what you are looking for, but you need to determine which of them will be the best fit.
Wat Is Being Covered?
Maybe you have no idea what the Medicare Supplement plans cover or what you miss out on by choosing one plan over another. In that case, let’s walk you through the coverage items. All 10 of the plans are different in key ways, but they all take their coverage from the same set of items. Here is that list of supplemental coverage items for you:
- Coinsurance for skilled nursing care
- Constance for hospice care
- Coinsurance for Part A in-hospital expenses
- Coinsurance for Medicare Part B
- Deductibles for Part B
- Deductibles for Part A
- Blood usage (up to three pints a year)
- Foreign travel costs for emergency medical transport
- Medicare Part B excess charges
These items, when taken together, make up Medicare Supplemental coverage. Only Plan F covers everything we just listed, but other plans come close, and you want to compare what they are offering to ensure you get the best deal. Plan G and Plan N come very close to Plan F in total coverage, so for those needing a high coverage plan, one of those three is probably the way to go.
Why to Compare Plans
You really have to compare the plans because there isn’t one that is better than all the rest. There isn’t one plan that fits most people better than the other nine, so comparing helps you to find what might work best for your situation.
A lot of the differences in coverage among these plans are minimal. There may be a slight change in what percentage a given item is covered or a small item may be covered here but not there. These small differences can seem minor at face value, but once you consider that you will be paying monthly premiums for the coverage on these items and the coverage goes for the entire year, in most cases, then you can see how the differences start to add up. When you look at the long-term differences between plans, you can see more clearly why a small difference is so important.
You have to compare Medicare Supplement plans for 2019 to make sure that you are not choosing the wrong plan, and while it may take some work and time to do so, it is well worth the effort. Comparing the plans lets you see what differences in coverage they have. You can save hundreds or even thousands of dollars on medical expenses by choosing one plan over a very similar plan.
How the individual plans cover you can also play a role in how you feel about going to the doctor or going for a checkup. If you are not covered for a particular expense, you may not take the medical service connected to it very seriously. You might just think you can avoid having a procedure or test done, and you could end up regretting that decision later. If you are not covered for a particular expense, it’s often easy to rationalize not going to the hospital and getting the help you need.
You are more likely to ignore symptoms or not seek treatment, if you are inadequately covered. This is why it is so important that you get the right coverage and care the plans to ensure that you have the right coverage plan.
How to Compare
We have been talking about comparing coverage on the pals up to this point, and that is a big part of comparing and contrasting the various Medicare offerings. However, you also need to compare the costs of the plans. Each plan will cost a different amount, with higher coverage plans costing more than lower coverage plans.
There is something else to know about the Supplement insurance plans, though. Once you select which of the plans you want to go with, you then need to compare the cost of different versions that plan. These plans are sold by private insurance companies, and each of them has their own versions of the plan. That’s not to say that the coverage is different in any way, but the cost could be different for sure. You want to compare the cost of each plan among a few different insurance providers.
Each one has their own price, and if you want the best deal, then you need to source as many quotes as you can on any given plan. Pick the plan you want and then source a bunch of quotes from different insurance companies. That way, you know who has the best deal. You won’t have to be concerned about losing out on any medical coverage, either, since the coverage does not change from one insurance company to the next. You are guaranteed the same coverage no matter where you buy the plans from.
You can compare prices by using a price comparison service. These services should not cost you any money and they should be able to source a few quotes for you for a single plan from a few different providers. That gives you an idea of what is being charged for the plan. You should know that each rate comparison service is only going to compare a few different rates though. If you want more quotes from more sources, you will have to use multiple comparison services or just do the quote research yourself.
Compare both the price and the coverage when your compare Medicare Supplement plans for 2019. That way you will be covered like you need to be and not pay more than you have to for great coverage. It’s the perfect combination, and you will only get that if you take the time to do the research and find out who is charging what and how each plan covers you. All that effort can pay off in lower rates for you and fewer expenses to pay out of pocket for.