Many seniors and thoses younger then age 65 will or may need supplemental health-care insurance to pay for expenses not covered by original medicare. It should be noted that neither original medicare nor medicare supplemental policy offerd in Illinois Indiana Ohio Michigan Texas Louisiana and Mississippi will not cover long term care insurance expenses. There are many types of healthcare coverages that you can purchase to supplement your original medicare. Supplemental insurance will pay for some or all of your health care costs depending on what plan you select. Plans range from A, B, C, D, F, and J also high deducable option, (M, N, coming June 2010).
Your original medicare coverage may also coordinate benefits with Companies/Group or Retiree bemefits Please check with your company HR team or your local state licensed agent.
- Employee or Retiree Coverage (from your employer or union)
- Medigap Insurance (from a private company or group)
People often refer to all of these types of health coverages as "supplemental insurance." However, "Medicare Supplement" or "Medigap" is a specific type of insurance that is subject to federal and state laws.
Learn more!
- Medigap (Medicare Supplemental)
- Medicare SELECT
- Managed Care Plans
- Medicare Advantage Plans
- Information on Medicare Prescription Drug Plan - Part D
***Note Disclaimer: Insurance Fast Quote and insfastquote.com offers a service and free information intended to make access to Medicare and related information easier. It is not associated with, nor endorsed or authorized by the Social Security Administration, the Health Care Financing Administration, the Department of Health and Human Services, or the Center for Medicare and Medicaid Services, nor do we claim to be. This site contains basic information about Medicare, services related to Medicare and services for people with Medicare. If you would like to visit the Official US Government Site for People with Medicare, go to www.medicare.gov.
Medigap (Medicare Supplement Insurance)
Medicare supplemental policies that are sold by private insurance companies to Medicare beneficiaries to fill the "gaps" in Original Medicare Plan coverage. There are ten standardized policies, Plan A through Plan J. The state of Illinois Indiana Ohio Michigan Texas Louisiana and Mississippi decides which of the 10 policies can be sold in the state. Medigap policies only work with Original Medicare Plan.
A type of Medigap policy that must meet all of the requirements that apply to a standard Medigap policy. You may be required to use doctors and hospitals within its network in order to be eligible for full benefits.
A Managed Care plan involves a group of doctors, hospitals, and other health care providers who have agreed to provide care to Medicare beneficiaries in exchange for a fixed amount of money from Medicare every month. Illinois Indiana Ohio Michigan Texas Louisiana and Mississippi Managed Care plans include Health Maintenance Organizations (HMOs), HMOs with a Point of Service (POS) option, Provider Sponsored Organizations (PSOs), Preferred Provider Organizations (PPOs), and Cost Plans.
***Note Disclaimer: Insurance Fast Quote and insfastquote.com offers a service and free information intended to make access to Medicare and related information easier. It is not associated with, nor endorsed or authorized by the Social Security Administration, the Health Care Financing Administration, the Department of Health and Human Services, or the Center for Medicare and Medicaid Services, nor do we claim to be. This site contains basic information about Medicare, services related to Medicare and services for people with Medicare. If you would like to visit the Official US Government Site for People with Medicare, go to www.medicare.gov.
Or you can speak with our Illinois Indiana Ohio Michigan Texas Louisiana and Mississippi Medigap, Med Supp, Medicare Supplemental agent specialist toll free at 888-966-8579 to discuss the features.
