Medicare Supplement Plan Designed to Fill the Gaps

Soon you will turn 65. It can be confusing to learn all the details about Medicare. It is even more confusing to figure out all of the options such as Medical Supplements and Medicare Advantage. As you may already know, Part A covers Hospitals and part B covers Medicals. But you may not be sure whether or not you will need any other coverage in addition to the original Medicare.

Why do many individuals sign up for a Medicare Supplement Plan and what does it entail? These answers are at    To provide an answer to the question, first of all, you need to understand how Medicare Parts A & B work, what it covers and what it does not cover. Medicare Part A covers many hospital expenses but not all expenses. In 2011, a deductible of $1,132 is made per visit so long as each visit is separated by more than 60 days. You’ll have a per day co-pay of $283 if you stay in the hospital for 61-90 days. You will have a per day co-pay of $566 if you stay in the hospital for 91-150 days.

Also in 2011, an annual deductible of $162 was made concerning Medicare Part B that you will be responsible for. You’ll be responsible for 20% of all medical expenses in addition to that. The 20% can really, really accumulate. In addition to your regular tests and doctor visits, imagine if you would need a hip or knee replacement that would require many months of physical therapy, you would be under obligation to pay 20% of all those bills.

Although original Medicare covers most medical needs, it was never designed to cover all of your medical expenses. As you can easily see, there are many “gaps” in coverage, that you are under obligation to pay for. This is the reason why many persons will buy a Medicare Supplement Insurance or Medigap.

Medicare Supplement plans 2019

The two terms – Medicare Supplement and Medigap are used interchangeably –two names which describe the exact same insurance plan. Many Medicare Supplement Plans will cover your Part B deductible and also your co-pays and hospital deductible, and the 20%.

Being exposed to the 20% of medical bills is the scary part for most people. A series of test could cost a small fortune. If you need rehabilitation or physical therapy, those twice a week visits, at 20% cost to you, will accumulate. You will be looking at quite a medical bill when you include the potential Part A hospital deductible of $1,132 per visit. This is the reason why many individuals want to fill in these gaps in coverage.

Having a Medicare Supplemental plan means that you will be adding extra expenses per month. The trade-off however, is that you will have a known expense, rather than a possibly very high expense if you make use of the benefits.

This original Medicare is your primary coverage if you have a Medigap plan in addition to your blue, white, and red Medicare card. Pay your medical bills first, after which your Medicare supplement plan will pay the gaps which Medicare will not cover for.


The Centers for Medicare Services makes Medicare Information available on quality of service and cost of healthcare. The new rules proposed by the CMS make it easier to select high-quality and low-cost health care services from physicians, hospitals and other health care providers. Making this information available to the public will empower them to make smart decisions about their health care. He hopes that the performance reports will increase higher-quality and cost-effective health care for millions of consumers.

Considering Medicare supplement Plans 2019, transparency can be just as important when it comes to Medicare Advantage Plans and Medigap Insurance. Did you know that Medigap Plans are standardized by law to offer pre-set benefits? The same cannot be said about Advantage Plans, though, you’ll have to scrutinize benefits, such as which medications each plan covers.

To be sure you have the coverage you’ll need requires deciphering Medicare’s benefits and comparing that to your regular doctor and hospital bills. Then, look for one of several Medicare Advantage Plans or Medigap Plans that can pick up any left-over medical expenses. Once you’ve decided what additional coverage you’ll need and which plan can best fill in Medicare’s gaps, you’ll need to research how prices compare for that plan.

There’s still little transparency when it comes to how Medicare Supplement Plans are priced. Research reveals that certain people unfortunately pay hundreds of dollars more than others for the exact same benefits. To compare prices, check out rates from multiple insurance companies or use an online website to help you compare rates from different insurers by running quotes on multiple plans with a single quote request. This is a free service and the quotes are accurate. It’s a quick way to narrow down the selection of various plans.

Medigap insurance can have the same coverage for vastly different prices since Medicare Supplemental insurance or Medigap plans are standardized to offer the same benefits, it’s logical to expect pricing would also be standardized. Nothing could be further from the truth. Medigap insurance has been divided into ten different benefit packages designated by letters ranging from A through N. Medigap Plan A has the minimum coverage, but Plan N does not have the most comprehensive coverage. In fact, some people have paid hundreds of dollars more than others for the very same coverage. Learn how the industry works so you can find to the best value available for you.


To help shrink the coverage gap on their own, many Medicare beneficiaries enroll in Medicare Supplemental insurance plans, which are also known as MediGap plans. These plans will help to cover any coverage gaps that exist within the Medicare system. Nevertheless, not all Medicare beneficiaries are automatically enrolled in Medicare Supplemental insurance plans and unless they have access to a Medicare advisor, some Medicare beneficiaries are not even aware that such coverage plans exist.

Medicare supplement Plans 2019 bring up many different kinds of Medicare Supplemental and advantage insurance plans. Visit the following site for more help: Supplemental insurance plans are generally offered by health insurance companies and some health insurance companies offer more than one type of plan, which reinforces the importance of working with a qualified Medicare advisor to find the right plan.

Even as the lawmakers work on closing the Medicare coverage gap, many seniors will still want to enroll in Medicare Supplemental insurance policies, as the full coverage gap may take years to finally close. Moreover, the healthcare bill is still in the Senate and has not yet been passed. Therefore, the plan to close the gap has not yet been fully approved.

We who are true professionals are in the unique position to guide, advise, offer direction, clarify, and eliminate confusion. No government bureaucrat can come close to what we do. Under the new rules, organizations meeting certain qualifications will be given permission to access patient-protected Medicare data to produce public reports about the health care services of clinics, doctors and hospitals. These reports will combine Medicare and Medigap

Over the years, employers and consumers have been frustrated with the limited availability of health care claims data. Many health plans use provider performance data solely based on the health plan’s own claims, which may only represent a small portion of a provider’s overall performance. Making health care claims more transparent, can broaden consumer understanding about the performance of doctors and other providers. Imagine being able to pick your surgeon based on survival and recovery rates after his past surgeries.

Insurance claims data with private sector claims data to point out which healthcare providers give the most cost-effective and highest-quality services. This strategy is a part of the Affordable Care Act aimed at improving health care, making people pro-active about their health, and driving down health care costs. Making the healthcare system more transparent, promotes healthy competition between insurance companies and health care providers and that could drive down premiums.



Many seniors who participate in the Medicare program struggle to pay for their prescription medications each year. With the Original Medicare system, there is a prescription drug coverage gap of $3,610 – a shockingly high figure for many individuals who are no longer earning an income that allows them to comfortably afford the cost of their medications.

However, if Democrats are able to push through their proposed healthcare bill, seniors may start to see some relief at the cash register. Democrat lawmakers supporting the healthcare bill say the bill will reduce the prescription drug gap by as much as $500 in 2010. By 2019, the gap will be eliminated altogether.  Get information on advantage plans for 2019 at

Under the current Original Medicare system, seniors have to pay $3,610 each year for their medications before their Medicare coverage kicks in. The coverage gap is often referred to as the “doughnut hole” gap – and it has caused financial hardship for many Medicare beneficiaries who have no other means to pay for their medications.

“I personally am committed to fully closing the doughnut hole once and for all,” Majority Leader Harry Reid, D-Nev., said on the Senate floor. “The legislation we will send to President Obama for signature will make good on his promise, and ours, to forever end this indefensible injustice for America’s seniors.”

Medicare supplement Plans 2019 are all well and good, but who will pay for the cost of the decreased coverage gap? According to lawmakers, pharmaceutical companies will be responsible for paying for the reduced cost to Medicare beneficiaries. Pharmaceutical companies have already pledged $80 billion towards the healthcare overhaul. With the decreased coverage gap for medications, the pharmaceutical industry will need to pick up an additional $20 billion.

In addition to picking up the tab for the reduced coverage gap, pharmaceutical companies have also offered a 50 percent price discount on brand name medications that are in the coverage gap already.

Yet, even with the 50 percent discount and $500 decrease in the gap, many seniors will still be hard-pressed to afford their prescription medications in the coming years with the large coverage gap. One solution for many Medicare beneficiaries is Medicare Supplemental insurance.

This is by no means an exhaustive analysis of what’s ahead, but it is a beginning. Still, taken to heart, it gives us inspiration to continue to provide the most excellent advice and coverage implementation to our clients and would-be clients.


Every single thing is now open to new ideas based upon the changing conditions. Your practice is obviously going to change; caution and creativity are the guides. Whether we operate in single needs, multiple needs, or comprehensive planning modes and implementations, all of our recommendations are going to be different as compared to past years. It is a bit like attempting to walk in quicksand. And this applies to all product implementation, not just the health insurance arena. So be careful out there.Medicare supplement Plans for 2019

Earlier, the topic of currency debasement, creation of trillions of dollars by the Fed out of thin air, and inflation – about 2.5% annually, by the way was touched upon, especially as related to obtaining goods, services, and accumulation/distribution of retirement funding. This leads into the arena of retirement capital, funds formation, equities markets, cash value life insurance, annuities, precious metals, commodities, bank deposits, money markets, treasury instruments, and the like.

This also includes non-tax qualified and tax-qualified retirement vehicles, such as IRAs and 401(k)s, as examples. One suggestion is the recommendation that some portion of a client’s capital or retirement portfolio of funds be placed in hard assets. Gold and silver come to mind. We would defer to a precious metals specialist for that. Hedging and potential gains are two objectives that come to mind.

The way we operate in ethical conduct of business will change for Medicare supplement Plans 2019. Find out more at suggestion is put forth that in the future and beyond, we in financial services when advising businesses and individuals, will need to either form alliances with other financial professionals who are licensed in areas where we are not, or refer people to other trusted advisors in order to fully inform the people we serve of the risks and rewards to allow them to make proper, informed decisions that work for them and provide them the opportunity to form strategies and thus to protect themselves.

We are definitely in for quite a ride; so fasten your seatbelts. A tip from one who is an investor, not a sales agent: dollars are currency; gold is money. Get to know the difference. Know all the new rules, regulations, and compliance requirements. Study and engage with other professionals. There is a big job ahead for all of us, starting now. Medicare seems to be a topic to therefore watch out for in this respect but then, why not?