How Many Types of California Medicare Supplemental Insurance
A California Medicare Insurance Supplement is a great help when you turn 65. Most people who sign up for Medicare like the program, but it only pays about 80 percent of your medical bills. This is why you need to buy a California Medicare Supplemental Insurance policy. You can select from a variety of California Medicare Supplemental plans. In fact, you can select from plans that are standardized across the country. These plans are also known as Medigap insurance.
These standardized plans are given letters to distinguish one from the other. You can request a quotation for a California Medicare Supplement plan with several insurance companies and not have to specify anything more than the plan’s letter. There are 10 different plans. The letters used are A, B, C, D, F, G, K, L, M and N. You will notice that there are missing letters. This is due to plans that once existed, but were dropped and no longer offered.
Knowing the importance of a supplemental plan, there is only the question of selecting the one best for you, then quoting several companies to get the best price.
What You Need to Get a Medicare Supplement Plan in California
A prerequisite for getting a California Medicare Supplemental Insurance plan, is that you sign up for Medicare parts A and B. It is important to know the difference between both parts. They have a lot to do with the coverage in the supplemental plans. Part A of Medicare addresses the costs of going to hospital. This includes emergencies and the cost of an extended stay. This may only be overnight, but it could be any inpatient care including surgeries. Part B of Medicare addresses outpatient care. This includes a visit to the doctor and outpatient surgeries that are performed at a doctor’s office.
Generally, it is the costs of a hospital stay that can result in large medical bills versus simply going to your doctor. It is for this reason that Plans F & G are the most popular supplemental insurance plans. These California Medicare Supplement Ins plans will cover most if not all of the Medicare gap in Part A, and it will pay for most of your expenses, if you need to visit a hospital. You will may have to pay the balance owed from doctor’s visits and outpatient care that Medicare Part B does not cover depending on the plan that you choose. Of course, the benefit of this is that outpatient care tends to be less expensive, and the money saved on lower premiums is attractive to many people.
This is only two of 10 California Medicare Supplement insurance plans available. The California Medicare Supplemental Ins plan that is best for you is something only you can determine.