subject: Supplemental Medicare Insurance in California is always beneficial [print this page] Supplemental Medicare Insurance in California is always beneficial
Medicare is a social insurance program administered by the United States government, providing health insurance coverage to people who are aged 65 and over, or who meet other special criteria. Medicare operates similar to a single payer-health care system, but the key difference is that its coverage only extends to 80% of any given medical cost; the remaining 20% of the cost must be paid either via a supplemental insurance from a private company (normally requiring a monthly insurance premium), or from the patient's own personal funds.
In general, all persons 65 years of age or older who have been legal residents of the United States for at least 5 years are eligible for Medicare. Also, all people with disabilities in the United States, so long as their condition(s) is/are congenital or otherwise permanent, are inherently entitled to Medicare, regardless of age. This is due to the fact that such disabled people are also inherently entitled to Social Security Disabilities Program (SSD); given their involvement in SSD, physically disabled people both young and old are automatically entitled to Medicare.
Now beside a Medicare plan people of America need an extra supplementary plan to cover up the gaps of the previous one. And this plan is called Medicare supplemental insurance. Some people elect to purchase a type of supplemental coverage, called a Medigap plan, to help fill in the holes in Original Medicare (Part A and B). These Medigap insurance policies are standardized by CMS, but are sold and administered by private companies. Some Medigap policies sold before 2006 may include coverage for prescription drugs. Medigap policies sold after the introduction of Medicare Part D on January 1, 2006 are prohibited from covering drugs. Medicare regulations prohibit a Medicare beneficiary from having both a Medicare Advantage Plan and a Medigap Policy. Medigap Policies may only be purchased by beneficiaries that are receiving benefits from Original Medicare (Part A & Part B).
So if you buy these two insurance plans then you will enjoy complete health coverage after you turn 65 years. These two would pay their share of coverage. The other point is that all these Medigap policies are sold by private companies. These plans are completely administered by these companies. In California Medicare Supplement Plans California is such a name which has been serving people for several years with same trust and goodwill. The sole purpose of a Supplemental Medicare Insurance is to bridge up the gaps between two plans related to health. There are only 12 plans staring from A to L though there having been many modifications in these 12 plans time to time. All these 12 plans have different types of coverage plans and the advantages of a particular plan are same no matter from which private organization you have bought your Medigap insurance. Medicare supplemental plan A and plan B are the basic two plans which are quite mandatory and then the other plans which serve separate benefits.
You have to read the plan document carefully before buying a plan so that you can be benefited the most.
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