If you turn 65, or if you are eligible for Medicare otherwise (as it has been disabled for 24 months), you may be wondering, “If you get Medicare, why do I pay a premium for supplementary insurance »
Even if that does not seem to be the case, the truth is that paying a premium for a Medicare supplement is a good thing, if not a big deal. I could even say that with the complementary insurance, Medicare is a golden ticket. Here’s why:
Every year that you worked, you (or your business) had to pay huge sums of money for your health insurance coverage. Also, you probably coinsurance (like $ 20 when you see a doctor), coinsurance (plans as 80/20, where the regime pays 80%, and you pay 20%), deductibles (the amount you were paying before the plan does not pay anything).
When you qualify for Medicare, your share of the costs of your medical care decreases, especially if you get a 2019 Mutual of Omaha Medicare supplement plan. Take a look at how your costs will be broken down.
The Medicare Part B premium
If you are eligible for Medicare Part A (which covers hospitalization expenses inpatient) is already paid, depending on taxes you paid while you were working. The only premium you have to pay is Part B (outpatient expenses, such as doctors, specialists, lab tests, etc.).
In 2010, your Part B premium will be $ 110.50 (if your income, the joint return is less than $ 170,000, if your income was higher, you may have to pay a little more). Normally, your Part B premium comes directly from your social security check. You do not even miss it, because you will probably never see it.
With Medicare Part A you have a franchise, and with Part B you have a franchise, co-payments, and co-insurance. But here is the part where I mentioned the golden ticket.
With a Medicare F supplemental plan (a popular option), any gaps left by Medicare will be covered. Almost without exception, the only costs you will have to pay are your Part B premiums, your Medicare Supplement premiums, and your Part D premiums (a separate, low-cost drug plan that pays your premium Drugs). That’s all. Whether you’re sick, traveling or whatever, you can be sure that your medical costs will be very predictable.
Honestly, with this combination, you have access to a very affordable and powerful medical care system with freedom and tranquility. I hope that now I can see why I call it “the golden ticket.”