Rights of passage – you got your drivers license, became old enough to drink, got married, had children, hit 40, then 50 and became qualified to receive United of Omaha, retired, and now you’re 65 and are qualified to receive Medicare. Embrace it and the challenges that come with it. Shopping for a Medicare supplement plan is some of those challenges – but this really is not that difficult.
If you’re over age 65 and do not need a retiree medical plan by way of a former employer or union or even 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 understand what I am talking about find medicare premiums online when I say your mailbox becomes cluttered with the marketing materials from all of the various providers of Medicare supplement providers and all of the educational material from Social Security and Medicare. You’ll get brochures and outlines of coverage and applications and scores of “Picking 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 phone calls and the unexpected visitors at the door all wanting to help you realize why their plans are best.
It is one of the worst kinds of information overload you’ll ever experience. You’ll have stack of Medicare and Medicare supplement guides 1 foot tall. They start about 6 months before your 65th birthday and just keep coming until several months after. Even with age 65 you’ll be bombarded towards the end of every year with offers from different companies. Many seem a little too good to be true – and they generally are.
To produce things even a tad bit 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 need doctor’s networks. They are not PPO’s or HMO’s. When you get yourself a Medicare supplement there isn’t to be worried about your doctor taking, as well as preferring, one Medicare supplement companies plan over another’s. Your network may 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’ll notify your Medicare Supplement Insurance provider they’ve to pay for their part. So, the Medicare supplement insurance company can’t decide if they want to pay a claim or not. If Medicare approves they’ve to pay for their part. If Medicare doesn’t approve the insurance company doesn’t pay anything either.
Also, the plans are standardized sets of benefits classified into plan letters. So, you may find yourself buying an idea F or an idea G or C. Regardless that plan letter you go with it works identically without regards to which company you receive it from.