Medicare High Deductible F Should Be The First Choice For Medicare Supplements

People choose medicare supplement plans for a variety of reasons. Some people choose them based on the name of the company offering them, advice from family or neighbors, and advertising on TV. Others may go with advice from a local senior center or simply go with a Plan F because it offers the most coverage. Whatever the reasons may be, they are usually not enrolling in the most financially sound option.High Deductible plan F should be the choice for any person over the age of 65 taking a Medicare Supplement Plan. ( I say over 65 because it is not usually available to those on Medicare under the age of 65) High deductible F is not as easy to...

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What Does a Medicare Supplement Cover?

A Medicare Supplement, also referred to as a Medigap Policy, is basically an insurance plan that is secondary to original Medicare. You must be enrolled in Parts A and B in order to be eligible to enroll in a Medicare Supplement Plan. Original Medicare has four parts. Part A is hospital insurance with a deductible of $1156.00 for 2012. Part B is medical insurance with a deductible of $140.00 for 2012. Part C is known as a Medicare Advantage Plan. Medicare Advantage Plans replace your original Medicare insurance. They include hospital insurance, medical insurance, and some plans include prescription drug coverage. Part D is prescription drug coverage....

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Why Offer Supplemental Benefits?

Small business or large corporation a common struggle is surviving an economy riddled with inflation, downsizing, low consumer confidence and high unemployment. Healthcare Service costs are skyrocketing while government mandates increase the care requirements of Health Insurers. Economic Science tells us that There Is No Free Lunch!As the health sector services continue to experience rising costs so too, do the Insurance Plans that pay for them.Employers looking to maintain traditional benefits that they have used to help attract and keep employees are facing the laws of diminishing returns with these rising premiums. Raising Deductibles...

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