Medicare Supplement Insurance

A Medicare Supplement Insurance (Medigap) policy, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like copayments, coinsurance, and deductibles.
Some Medigap policies also offer coverage for services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.
LS INSURANCE SERVICE Knows about Medigap Insurance. We can help you find the right Medigap insurance for you and your family. Need more details? Give us a call to discuss your insurance needs (856) 489-3444.

Medicare Supplement Insurance

The Benefits of Owning a Medicare Supplement Insurance Policy

With all the choices you have for your health care coverage, it's important to understand how each one works, its benefits and your share of the costs. Here's a brief look at how Medicare supplement insurance differs from other coverage, including Medicare Advantage Plans.

Low Out-of-Pocket Costs

Every year, your Medicare supplement insurance policy benefits coordinate with your Medicare benefits to help you meet your eligible health care expenses depending on the plan you choose. What's more, you can be sure your benefits won't decrease.

Find out how other health plans work before joining. Some annually change their benefit structure, which decreases your benefits and increase your out-of-pocket costs, so budget wisely.

Keep Your Doctors and Hospitals

With your Medicare supplement insurance policy, you alone select all your health care providers to use whenever and where ever you choose. You don't have to worry about your doctor or hospital leaving a provider network at any time. And, you never need a referral to see a specialist.

Other health care plans may have local networks that possibly could prevent you from receiving care from the people you've grown to know and trust. Read each plan closely. Some let you see anyone as long as the provider accepts the plan's payment terms. Others let you go outside the network , but you pay for services yourself and usually pay more for them. Providers can leave and join networks.

Renewable Coverage is Guaranteed

Your Medicare supplement insurance policy cannot be cancelled. It will be renewed as long as you pay the premiums on time and make no material misrepresentations (premiums are subject to change).

Contacts between the government and some health plans are reviewed annually. As a result, plans may change or not be renewed, forcing members to choose another health care option.

Providers Accept Patients with Medicare Supplement Insurance

Your Medicare supplement policy enables you to see any doctor or provider who accepts Medicare patients.

On the other hand, not all providers in a health plan network take new patients or accept its payment terms. Talk with you doctors about their relationship with a health plan before joining.

Selecting a Medicare Supplement Insurance Policy

Buying a Medicare supplement policy in an important decision. All companies offer the same benefits so your choice is primarily based on three factors:
• The plan you want at a price you can afford
• The company's ability to pay its claims
• The company's service before and after the sale

Be sure to compare Medicare supplement insurance policies because Policies and costs can vary widely from one insurer to another

Choose the benefits that are important to you!

All Medicare supplement insurance policies include these basic benefits:

1. Hospitalization: Medicare Part A coinsurance and coverage for 365 additional days after Medicare benefits end.
2. Hospice Care: Outpatient prescription drug co payment and impatient respite care coinsurance
3. Medical Expenses: Medicare Part B coinsurance (generally 20% of Medicare-approved expenses) for physician's services and supplies, physical and speech therapy and ambulance service; co payments for hospital outpatient services.
4. Blood: First 3 pints of blood for each year.

Additional Benefits Vary by Plan:

• Medicare approved skilled nursing facility co payment
• Medicare Part A hospital deductible
• Medicare Part B physician services and supplies deductible
• Medicare Part B excess charges
• Emergency care when traveling out of the country

Your Coverage Goes With You!

Just like Medicare, your Medicare supplement covers your health care needs anywhere in the United States. Some Medicare supplement plans even provide limited medically necessary emergency care outside the country. That way, you can confidently travel or live part of the year anywhere you choose.

With some other health care plans, there may be charges for care no matter where you go. Carefully check all the plan's travel rules and restrictions.

Guaranteed Issue Coverage

Sometimes when you apply for Medicare supplement coverage, you don't answer any questions about your health and our policy is guaranteed issue. One time is during your Medicare open enrollment period. Some other times are when:
• You or your Medicare Advantage/Private Fee for Service plan move out of the service area
• Your employer discontinues its group retiree health coverage
• You leave a Medicare Advantage plan within a year of joining and return to Medicare

To get a free rate quote on our Medicare supplement plans,
Please Give us a call and ask for Bill at (856) 489-3444
Or you can fill out our CONTACT Page. We will get back to you as soon as possible.