subject: Missouri Medicare Supplemental Insurance - Making Sure To Cover The Out-of-pocket Expenses [print this page] Missouri Medicare supplemental insurance is pretty much the same as that offered in other states. Medicare is the government-backed health care program offered to senior citizens. Almost 50,000,000 people in the United States have enrolled in the Medicare program. Medicare does not cover everything though. It has a variety of deductibles, copayments, and co-insurance payments. All of this can lead to thousands of dollars in out-of-pocket expenses for those covered by Medicare. Since most people cannot cover these costs easily, there is supplemental insurance available to help cover those many extra costs.
What are some of the things that Missouri Medicare supplemental insurance can help with? To understand this, you need to understand the way the government structured Medicare. Traditional Medicare comes in two separate plans: Medicare Part A and Medicare Part B. Medicare Part A cover costs related to hospitalization. It also deals with hospice services and home healthcare as well. Medicare Part B covers cost related to doctors visits. It also deals with lab tests ordered by your doctor. Both of these plans have out-of-pocket expenses. What are some of the out-of-pocket expenses that Missouri Medicare supplemental insurance deals with? Medicare part A has a deductible for every new hospitalization. That amount is currently over $1000. The patient also pays coinsurance for hospital stays over 60 days. If the patient needs to stay in the hospital over 150 days, that person bears all of the extra hospitalization costs. If the patient needs to stay in a skilled nursing facility, they bear an extra coinsurance payment for everyday they stay there. There are also out-of-pocket expenses associated with in-home care as well as hospice care.
Medicare part B requires patients to pay 20% of all physician charges. There is also an annual deductible associated with doctors visits as well. Doctors also have the option of billing patients for charges not covered by Medicare. All of this can lead to thousands of dollars in out-of-pocket expenses for many senior citizens. That is where having a Missouri Medicare supplemental insurance plan comes in handy. It will cover all of these extra expenses. All the patient has to do is keep up with the payments on supplemental insurance plan. Most people find that having the supplemental insurance plan saves those hundreds of dollars with even one illness. Many of the companies that offer this insurance also give the patient added conveniences of bill handling.
by: Kevin Schmiterson
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