provides a basic overview of Medicare and Medicare supplemental insurance also called Medigap. North Carolina Medicare Supplement will show you how to purchase insurance that best meets your needs at the best price with the least amount of hassle. North Carolina Medicare Supplement website is the property of Aquila Insurance and Centaur Medicare Solutions LLC.
Medicare is our country’s health insurance program for people age 65 or older. The program helps with the cost of health care, but it does not cover all medical expenses or the cost of most long-term care. Medicare is financed by a portion of the payroll taxes paid by workers and their employers. It is also financed in part by monthly premiums deducted from Social Security checks.
Medicare Part A is hospital insurance that helps cover primarily inpatient care in hospitals.
In general, Medicare Part A covers:
- Inpatient care in hospitals (such as critical access hospitals, inpatient rehabilitation facilities, and long-term care hospitals)
- Inpatient care in a skilled nursing facility (not custodial or long term care)
- Hospice care services
- Home health care services
- Inpatient care in a Religious Non-medical Health Care Institution
With Medicare Part A alone and no supplemental insurance you will pay a $1132 deductible for hospitalizations, the cost of the first three pints of blood (some places over $300 a pint), $283 per day for days 61-90 and $566 per day for the life-time reserve days 91-150 , and total cost for day 151 and on (2011). For skilled nursing facility care you will pay $141.50 per day for days 21-100 and total cost for days 101 and on.
Medicare Part B is medical insurance that helps pay for doctors’ services, some preventive services, and many other medical services and supplies that are not covered by hospital insurance. If you have Part B, you pay between $96 and $115 premium each month that comes out of your Social Security benefits (this depends on your income) .
In general, Medicare Part B covers:
- Medically-necessary services — Services or supplies that are needed to diagnose or treat your medical condition and that meet accepted standards of medical practice.
- Preventive services — Health care to prevent illness (like the flu) or detect it at an early stage when treatment is most likely to work best.
With Medicare Part B alone and no supplemental insurance you will pay 20% of all outpatient expenses, doctor’s visits, medical expenses, ambulance service, and medical equipment cost. You will also pay any excess charges that can be 15% above the total bill (2011).
It is important for you to understand that Medicare does not cover everything, and it does not pay the total cost for most services or supplies that are covered. If you end up in the hospital or in need of a doctor’s care you will have out of pocket expenses that for many could be very costly. But don’t worry. North Carolina Medicare Supplement is about to show you how to protect yourself with the least cost and hassle to you.
North Carolina Medicare Supplemental Insurance
Medicare Supplemental Insurance also called Medigap is the insurance that fills in the gaps between what Medicare pays and what you must pay out-of-pocket for deductibles, co-insurance, and co-payments. To purchase a Medigap plan you will want to request quotes, compare the quotes for the plan you want and request an application.
North Carolina Medicare Supplement makes getting Medigap insurance quotes easy and very convenient. By making a request for your quotes online you will save a lot of time and frustration by avoiding traveling to insurance offices, listening to sales presentations, or bringing “pushy” agents into your home. But, whatever you do, you want to make sure of a few things when getting quotes:
- Use an independent agent or agency to get quotes. There are two types of agents:
- Captured agents work for a single insurance company and have loyalty to that company. A captured agent can only sell you products from one company.
- Independent agents are contracted with many insurance companies. An independent agent can give unbiased opinions and information based on their clients’ needs and sell you a product from any insurance company.
- Be careful about how many times you request information and from what web sites. Generally, requesting quotes from one website will get you the desired results. Many web sites will sell your information to several insurance agents and this means you will get inundated with phone calls and emails that can just create frustration.
The good news is that when you request your quotes from North Carolina Medicare Supplement your information will not be sold! You information will go to only one licensed by the great state of North Carolina independent agent.
Click here to request your Medicare supplement quotes
Comparing your Medigap quotes
When you get your North Carolina Medicare Supplement quotes you need to decide what plan you want. All the plans are federally standardized so there is no variation in what a certain plan covers for one company and what that same plan covers from another company. However, what the different lettered plans cover does vary and so does what the different insurance companies charge for them. So, consider come of the information below to help you decide.
Nationwide North Carolina Medicare Supplement has found that the three most common plans are F, G, and N. Medigap Plan F is the catch all plan that provides the most coverage. Medigap plan G and Medigap Plan F have some form of cost sharing and therefore the premiums you pay will in most cases be less. Plans G and N may save you money if you are in good or great health. Please see the link to the attached chart for more details.
Purchasing your North Carolina Medicare Supplement
Applying for Medigap insurance is relatively easy with North Carolina Medicare Supplement. In most cases we will simply mail you the application though some companies are starting to offer online applications or faxed applications. Other benefits of getting your insurance through North Carolina Medicare Supplement are we will pay all postage, help you with the application if you need it, and track your application until completion. Here is what you should know about applying for a Medicare Supplement plan:
- Apply early. It generally takes at least two weeks for a supplement application to be processed. If you are turning 65 be aware that some insurance companies will take applications six months from your birthday and all will take applications three months out.
- Answer the questions truthfully. If you have to answer health questions on the Medicare supplement application, answer them truthfully. The company checks your medical records, anyway. With few exceptions, when you apply before six months past your birth month, you cannot be denied coverage and there are very few medical questions to answer.
- Keep a copy for yourself. Whenever possible, keep a copy of your application for yourself. This always helps if there is a problem or question about something on the application.
- Ask questions upfront. It is always best to get all of your questions answered prior to applying for the policy.
- Remember to cancel your old policy. If you are replacing an older Medicare Supplement or Medicare Advantage plan, you must cancel your old policy effective the day your new one starts. This keeps you from having double coverage and double payments with no added benefits. Always wait until your new policy is approved before cancelling an old one.
When you request your quotes from North Carolina Medicare Supplement you can simply reply to the quote email that you received to request the application you would like.
North Carolina Medicare Part D – Independent Benefit Advisors
Independent Benefit Advisors is here to answer all of your Medicare and Medicare Part D North Carolina prescription insurance questions. We can help you determine which plan or plans will be best for your specific needs. Call us @ 919-303-9690 and let us get to work on making your health care the best it can be. Or visit online: http://www.thebenefitadvisors.com/medicare/part-d-prescription-insurance/
Please feel free to contact North Carolina Medicare Supplement if you have questions, need help or already know what insurance plan you want and simply would like an application.