Your healthcare insurance coverage is one of the most important things as you continue to age, but there are dozens of different factors that you have to consider when trying to get the best coverage.
Medicare is a great program that’s offered by the government and can help offset the rising costs of medical bills, but Medicare doesn’t pay for everything. There are dozens of expenses that Parts A and B don’t pay for.
These expenses could leave applicants with thousands and thousands of dollars of debt that you have to pay for out-of-pocket.
The older that you get, the more money that you’re going to spend at the doctor’s office and on treatment costs. There is nothing that you can do about the rising costs of health care, but there are several ways that you can offset those expenses and ensure that you get the medical care that you need.
Medicare supplement plan C is one of the three most comprehensive of the ten Medicare supplemental insurance plans. If you are already familiar with plan C and came to get a set of medigap insurance quotes then fill out the form on the side of this page.
Otherwise, keep exploring and we will explore Medigap plan C and why it may be the right plan for you.
Medicare Supplement Plan C vs Plan F vs Plan G
If you are familiar with the different Medicare supplemental insurance plans then you know that Plan F is the most comprehensive and fills all nine of the coverage gaps left by Medicare Part A and Part B.
Medicare supplement plan G and Medigap plan C both cover eight of the gaps. The only gap that plan G does not cover is the $147 Medicare Part B annual deductible.
While Medicare supplement plan C does not cover any additional charges that your doctor may charge you above the Medicare Part B recommended amount.
The advantage of a Medigap plan C or Plan G over plan F is that the monthly premiums are lower. The only real way to know which plan is right for you is to get a set of quotes for each plan so you can see the monthly premiums that you would be paying.
Advantages And Disadvantages Of Medigap Plan C
The single coverage gap for Medicare supplement plan C is both the advantage and disadvantage to the plan.
Currently, most doctors will only charge the Medicare recommended amount for out-patient services (Part B). This means that right now you are getting a lower premium and pretty much the exact same coverage as Medicare supplement plan F. The problem is that the government tends to not be competitive in keeping up with the rising cost of health care.
This means that the Medicare recommended amount may not be enough to cover the actual services you receive in the future. This means that there is a chance that you could end up paying the difference from what your doctor charges and what Medicare Part B covers on a very consistent basis.
This is very troubling to many of our clients and a reason that many of them are moving more toward meidcare supplement plan G or Plan F instead of Medigap plan C.
Each Medigap plan is going to have its own advantages and disadvantages that you’ll need to consider based on your own circumstances. There is no “perfect” Medigap policy that is going to fit everyone’s needs. Every person is different and we all have varying preferences on our health care needs and what’s going to fit in our budgets.
When you’re looking to get the best health care to protect your finances, there are dozens of different factors that you need to consider. Because finding the perfect Medigap plan can be a frustrating and overwhelming process, our agents are here to help you get the perfect plan to fit your needs.
Working With Independent Agents
Unlike a traditional insurance agent, our agents are independent, which means that they don’t only work for one single company. Instead, they work with dozens of companies across the United States and can bring all of the lowest rates directly to you. There are many different insurance companies, which means that you could spend weeks and weeks calling companies to get rates.
Don’t waste your time, let us do all of that hard work for you. Our agents can bring the best Medigap rates directly to you.
Additionally, our agents can help you pick the perfect plan to fit your needs. There are dozens of different factors that you need to consider to ensure that you’re getting the best plan to fit your health care needs. Some of the factors are your health, family history, and your budget.
What Is The Purpose of Medigap
The purpose of Medicare and a Medigap policy is to ensure that you get the health care that you need that doesn’t break your bank every month.
When you’re looking to get the best plan, the first thing that you should consider is your health.
If you’re in great health with no pre-existing conditions, you can consider getting a plan that doesn’t cover as many of the expenses left behind, like a Medigap Plan B. On the other hand, if you’re in poor health, you should invest in a Medigap Plan that fills in the holes that Medicare doesn’t pay for.
The next thing that you should consider is your family history.
Similar to your health, your family history is going to play a huge role in which Medicare supplemental policy is going to work best for you and your health care. You can’t predict the future, but you can make an educated guess based on your health and family history. If you have a family history that is filled with health complications, you should consider getting a more comprehensive policy that covers all of the left behind fees that Original Medicare doesn’t pay for.
The last factor that you’ll need to consider is your budget.
While everyone would like to purchase a Medigap plan that covers all of the gaps that are left behind, both those plans are going to be more expensive, and not every applicant can afford one of these plans. Before you apply for any Medigap plan, ensure that you’ve got enough money to pay for the monthly premiums.
Your supplemental coverage shouldn’t drain your bank account or stretch your budget.
These plans are standardized across the nation by the government, which means that they are required to provide the exact same coverage, regardless of where you live or the company that you purchase it from.
That means that a Plan C that you buy from one company is going to be identical to a Plan C from another company. The only difference between the companies is how much they are going to charge you for your coverage.
Each company has a different algorithm for calculating premiums. It’s vital that you compare as many companies as possible to ensure that you’re getting the most affordable plan.
Applying For A Medigap Plan
There are only two requirements that you have to meet to apply for a Medigap policy.
You have to be at least 65 years old and be enrolled in Medicare Part B.
As long as you meet these to guidelines, you’ll be able to purchase a supplemental plan. While you can enroll at any point, it’s vital that you take advantage of your Medigap Open Enrollment period.
This is a six-month window that surrounds the month that you turn 65 and enroll in Part B Medicare, and during that time the insurance company can’t decline your application for a Medigap policy, regardless of your health or any health complications that you have. For anyone with bad health, this could be the only chance that you have to get the supplemental coverage that you need.
Additionally, during your open enrollment period, the insurance company can’t charge you more for your Medigap policy because of your health or pre-existing conditions.
If you’re looking to save money on your Medigap plan, it’s vital that you take advantage of this open enrollment period. Don’t worry, even if you’ve already missed the six-month window, don’t worry, our agents can still help you get the best plan to fit your needs.
I hope this helped you clear a little of the information you have received from all over the place about Medicare supplement plan C. If you have any questions or if there is any way our team can serve you please contact us. If you are ready to get started on a set of quotes for Medicare supplement plan C and the other available plans then fill out the form on the side of this page.