Finding the best Medicare plan isn’t always easy, with so many different options available including all those TV commercials telling you how great Medicare advantage plans are.
The question is, are the great for you?
Well they might be, or there could be better coverage. Our Medicare plans 2021 website was designed to help you find the best coverage to fit your needs.
Keep reading as will discuss both Medicare advantage plans and Medicare supplement plans for 2021 in great detail so you can make an informed decision when it comes to choosing a plan.
We’ll cover the differences of each, the pros and the cons, and by the end you become an expert!
Medicare part A
Medicare part a covers hospitalization costs. Basically, hospital expenses when you are admitted two and hospital or a medical facility.
Medicare part A covers things like:
There is no premium for Medicare part A if you have worked 40 quarters in United States.
Medicare part B
Medicare part B covers doctor’s services. These are outpatient expenses from your regular doctor and specialists.
Medicare part B covers things like:
Medicare part B has a monthly premium that is either deducted from your social security check, or paid quarterly by you if you’re not drawing a check.
Although Medicare part a and part B might seem like a lot of coverage, they don’t cover everything. There are all items that you are responsible for paying in these are called gaps, or expenses being Medicare part a and B.
These expenses include things such as:
Again you are required to pay these, unless you opt out of Medicare and enroll in a private Medicare advantage plan. If you are looking to stay with original Medicare due to not having an network, then most people at a and a Medicare supplement plan, or Medigap plan, to help pay for these gaps.
That is where the term Medigap comes from. Many of the popular plans have great coverage and cover most of these gaps for you.
Medicare supplement plans are offered by private insurance companies to help pay the gaps in Medicare so you don’t have to. Medicare pays 80% of your medical bills after you pay the part B deductible each year.
The most popular Medigap plans will come in and pay the additional 20% for you, as well as other items. An important thing to remember is that Medigap plans have no network.
Medicare is a Federal program that is Nationwide, and a Medigap plan will simply follow Medicare wherever it goes. However, you must have both part A and part B Medicare in place to have something to supplement.
You cannot just have a supplement without Part B Medicare.
Medigap plans are standardized by the government, and there are different plan letters available each offering different coverage.
Because they are standardized, regardless of what plan letter it is, it must have the same coverage from each company. So every insurance carrier offers identical coverage, yet they all charge different premiums for it.
That is where our Medicare plans 2021 website become so important!
Here you can see and a variety of plans as well as the costs to make sure you don’t overpay in your coverage. We can help!
Supplemental insurance will not cover anything that original Medicare already does, then, so you never pay for the same coverage twice with these plans. There are 10 different Supplements to pick from, and Medicare has actually designed them all and set their coverage.
Most of these plans you would never enroll in. The private insurers that sell them can decide which of the Supplement plans they would like to offer, but they cannot alter the coverage that Medicare has set for these plans.
They basically get to choose which Medicare Supplements plans they want to offer and then each has entirely different premiums for the plans.
The Most popular Medicare Supplement Plans are
** Only those enrolled in Medicare prior to January 1st of 2020 may enroll in a Medicare Plan F.
That without a doubt now the most popular Medicare supplement plan is plan G. On January 1 of 2020 Medicare stated that would not allow any new beneficiaries to enroll in a Medicare supplement plan F.
Plan F was the most popular plan for decades because it cover 100% of the gaps in Medicare.
Now that is removed, plan F is no longer be financially good option and many people will be changing from plan F to plan G.
This is because plan F is simply too expensive with too little benefit.
In the year 2020 THS deductibles $198, and will go up slightly for 2021.
Aside from the monthly premium that you pay to have a Medicare plan G, your only other expense will be the part B deductible.
This is a calendar year deductible, which means you simply pay at once per year and after it is met Medicare part BN plan G will pick up 100% of your Medicare approved expenses for the rest of the year.
The deductible then resets in January and it starts over.
This is why plan G is the most popular plan, due to its outstanding coverage for relatively low premiums.
If you enter your zip code anywhere on this site you are able to see the rates from the top companies for Medicare plan G!
Medicare Supplement Plan N is offering nearly as much coverage, but it will not cover you for the Part B deductible, Part B excess charges and some of the smaller copayments.
It covers everything else on the supplemental expense list from up above, though.
In exchange for lower premiums, you are responsible for a few additional out-of-pocket expenses on plan N.
This makes it a great option for people who don’t visit their doctor often yet know they need great coverage in place in case something major happens.
Medigap Plan N is offered by all the top insurance companies because it is such a popular plan, and in this day and age every dollar counts for people are looking to save money.
With plan N you still pay the Medicare part B deductible just like you do on plan G. After that on plan N you could have to pay:
Use our Medicare plan finder tool for 2021 by entering your zip code anywhere on this website to instantly get quotes for Medicare plan N and see how much you can save!
As mentioned above many different insurance companies offer Medicare supplement plans in every state. And they all have identical coverage yet charge different premiums for them.
This means you absolutely must let an experienced agents or agency like us check all of the companies for you rather than just get one rate from one company.
The reason is a Medicare supplement plan G from one company might be $100 a month, and might be over $200 a month from another company!
We shop the rates so you don’t have to you! We do this every year when you get a rate increase as well.
With each company you should get a one year lock-in on your premium, when you first enroll. After that on your anniversary of your policy each year you will get a rate increase.
Will you still be paying the lowest premium?
Probably not, and if you don’t have somebody looking out for you and checking the rates each year, you will end up overpaying.
Below are some of the top Medicare supplement insurance companies that offer Medigap plans in your area.
Enter your zip code anywhere on this website to get instant quotes from the top Medicare supplement insurance companies for plan G, plan N, and plan F.
This is one of the best insurers because of all their member benefits. They provide a Silver Sneakers fitness program that lets you get into many gyms across the country at no additional cost.
With Cigna providing your coverage, you can enjoy powerful protection, a bunch of member benefits and a wide variety of high value insurance plans.
The coverage plans sold by United Healthcare are accepted just about everywhere in the country since they have the largest coverage network. They also partner with AARP to give you even more options and the very best in senior services.
Blue Cross Blue Shield
You’ll get the best rates from a major insurer through Blue Cross Blue Shield. Bear in mind that they can go by different names in various states.
Mutual of Omaha
One of the most trusted names in medical insurance, Mutual of Omaha has great customer support, excellent benefits and affordable, competitive pricing.
Medicare advantage plans are another option that many seniors will enroll in this year. They often include prescription drug coverage and some are even offered an zero premium.
This doesn’t mean no-cost though, so beware.
With Medicare advantage plans, you opt out of Medicare part A and B, and enroll in a managed-care plan through a private insurance company.
Medicare advantage plan insurers are only required to offer as good a coverage as Medicare part A and B only within their plans. Beyond that, they may pick and choose what they want to cover.
These plans are usually offered as HMO’s or PPO’s, and you will be in a network so the plan has to be offered in your area. If you travel you will be out of your network and you’ll get emergency coverage only in most cases.
Plus, they give you additional coverage for medical expenses like emergency care, urgently needed care, drug costs and checkups.
Some Medicare Advantage plans include full Medicare Part D drug plans, which will provide you with powerful coverage for prescription medications.
Advantage plans are not going to be able to give you full coverage at every Medicare-approved medical facility like what you would get with most other kinds of Medicare plans.
Advantage insurance is limited by the insurance company you choose. Your insurance company has a network of hospitals, clinics, pharmacies and such that it has agreements with.
These facilities will honor the insurance company’s plans, but once you go outside that network of medical facilities, you are not guaranteed full coverage.
There are a few types of Medicare Advantage plans that you can choose from, such as the standard HMO plan. This gives you coverage only on the network
Going off the network for healthcare with an HMO Advantage plans means that you get absolutely no coverage. You have to pay for all the medical treatment yourself.
If you want some coverage outside of your insurance company’s network, then you will want to get a PPO Advantage plan.
This gives you partial coverage outside the network, and it costs a bit more than an HMO plan.
Here are some of the top companies that sell Medicare Advantage plans:
You’ll benefit from Aetna’s Silver Sneakers gym membership and fitness program at no extra cost, and you can enjoy a powerful, extensive network from one of the country’s most trusted insurance providers.
A great reputation for taking care of their customers and all sorts of additional health benefits makes Humana stand out as an Advantage plan provider.
Selling Medicare Advantage plans in partnership with AARP, United Healthcare offers great network coverage and tons of member benefits that are geared toward senior needs.
Blue Cross Blue Shield
We think you should compare prices for this company to the others to see how very affordable they can be. Use our site to check the rates, and keep in mind that Blue Cross also has a great reputation for customer service.
We also want to tell you about the prescription drug coverage plans that are affiliated with Medicare.
These are known as Medicare Part D, and they will give you coverage for name brand and generic prescription drugs, potentially saving you hundreds or even thousands of dollars on medications, depending on your needs.
Part D drug plans can be purchased alongside a basic Medicare plan or with the more powerful Medicare Advantage. They are also sometimes included in Medicare Advantage plans, creating a package with great savings potential.
Just keep in mind that each Part D plan is a bit different, and how well you are covered for specific drug costs will depend on the specific insurance provider that you get your Part D plan from.
Medicare Part D is designed to save you money on pharmaceuticals, and you will definitely want to consider it of you have a few medications that are tough to pay for out of pocket.
Many people save substantially on their prescription drug costs with this kind of drug coverage plan.
If you want the best rates on medical insurance, then you should be using our site and the free price comparison tool that we offer here.
This service doesn’t come with any obligation to you, so don’t feel like you need to sign up for any of the plans or providers that we showcase here.
We just want to provide you with information that will help you to make an informed choice, and hopefully being able to compare prices on our site will save you a lot of money.
Medicare plans are a good choice for seniors, offering the kind of coverage that matters to them and that save them money on their healthcare.
You can save even more than the average person does, however, if you use our site to source some quotes and compare them to one another. You will easily see who has the best rates and be able to check rates as they change.
We have covered the various Medicare plans 2021 has to offer, and if you need to know more, then just give us a call. We are happy to answer your questions and empower you to make an informed choice about healthcare coverage.