Rights of passage – you got your drivers license, became old enough to drink, got married, had children, hit 40, then 50 and became eligible for United of Omaha, retired, and now you’re 65 and are eligible for Medicare. Embrace it and the challenges that include it. Buying a Medicare supplement plan is some of those challenges – but it’s really not that difficult.
If you’re over the age of 65 and do not have a retiree medical plan through a former employer or union or a government retiree plan and are not on Medicaid for medical coverage then you’ve likely had the pleasure of researching your options.
It’s especially difficult if you’re looking at this insurance when you’re first turning 65. If you’ve already experienced this you’ll know what medicare health insurance I mean when I say your mailbox becomes cluttered with the marketing materials from every one of the various providers of Medicare supplement providers and every one of the educational material from Social Security and Medicare. You’ll get brochures and outlines of coverage and applications and scores of “Choosing a Medigap Policy” Guides (Medigap is another term because of this insurance) and Medicare and You and notices and requests to send your information back on a card.
Possibly even worse are the telephone calls and the unexpected visitors at the doorway all wanting to assist you realize why their plans are best.
It is one of many worst forms of information overload you’ll ever experience. You’ll have a stack of Medicare and Medicare supplement guides 1 foot tall. They start about 6 months before your 65th birthday and just keep coming until many months after. Even after the age of 65 you’ll be bombarded towards the end of each year with offers from different companies. Most of them seem a little too good to be true – and they often are.
To produce things even a little more frustrating is that you’ve to forget everything you’ve ever known about medical insurance ahead of the age of 65.
You see, this insurance policies does not have doctor’s networks. They are not PPO’s or HMO’s. When you obtain a Medicare supplement you don’t have to concern yourself with your doctor taking, as well as preferring, one Medicare supplement companies plan over another’s. Your network could be the Medicare network and the doctor’s office files medical claims with them – not with the Medicare supplement insurance company. Once Medicare approves the claim they will notify your Medicare Supplement Insurance provider that they have to cover their part. So, the Medicare supplement insurance company can’t come to a decision if they wish to pay a state or not. If Medicare approves they’ve to cover their part. If Medicare does not approve the insurance company doesn’t pay anything either.
Also, the plans are standardized sets of benefits classified into plan letters. So, you could wind up buying an idea F or an idea G or C. Regardless that plan letter you go with it will continue to work identically without regards to which company you obtain it from.