Medigap Plan N a Popular Choice

While the most popular Medigap policy remains the Plan F, there are a couple of plans that have become attractive options for many people. While the Plan G Medigap most closely resembles the Plan F, and is actually our favorite choice, many customers have been considering the Plan N. There is some cost sharing associated with the Plan N, such as $20 co-pay for doctors, and $50 co-pay for Emergency Room. Those are costs that are similar to what most people are used to paying with their under 65 Health Insurance, so they really aren’t that bad. The biggest caution we give our customers that want to switch to a Plan N is the Part B Excess. This simply means that with a Plan N, if your provider doesn’t accept Medicare Assignment, you could be responsible for and additional 15% on Part B services. If your providers do accept Medicare Assignment, however, the Plan N can be an attractive option. We have found that the Plan N is a great fit for our customers who have been on a Medicare Advantage plan, but did not like the network restrictions and out-of-pocket costs. If you would like to compare Medigap options, and see if Plan N is right for you, just give us a call at 877-740-8683, or visit www.emedigap411.com .

Medigap Guaranteed Issue-Plan Termination

We recently received notification that a certain Medicare Advantage Carrier(units of Universal Health Care) had gone into receivership. Since Medicare Advantage plans are not Guaranteed Renewable, this means that the members in those plans no longer have coverage. The members were automatically switched back to Original Medicare. While this could cause a lot of disruption for those members, especially those currently undergoing treatment, there is a silver lining. The members will have a Special Election Period for 2 months, during which time they can choose another Medicare Advantage plan. More importantly, this also triggers a Guaranteed Issue opportunity to purchase Medicare Supplement. During this 2 month time period, you can’t be turned down for a Medigap Plan F (or A, B, C, K, or L), regardless of your health conditions. When we find someone in this situation, that doesn’t have a health condition that would require a Guaranteed Issue, we can usually save them the most money by applying for an underwritten Plan G Medicare Supplement. It is an important time, and a person in this situation really needs to know their rights, so they can make the best decision for their future coverage. If you or someone you know is in this or a similar situation please call 877-740-8683, or visit www.emedigap411.com , and speak to a licensed Insurance Agent.