Medicare Supplement in the Great Plains!
Medicare pays a large part of health care expenses for the senior population. It doesn’t pay all the expenses. Medicare recipients should consider purchasing a private supplemental insurance policy to offset the cost remaining after the original Medicare pays its share. But, even some Nebraska Medicare supplemental policies won’t pay for certain kinds of medical expenses.
Plan "A" is considered a basic plan. However, it doesn’t
pay the hospital deductible. Plans "B" through "L"
provide additional benefits. Before considering any policy, it’s
important to understand what the Medicare benefits are, and then decide
on the amount of extra coverage needed.
Compare these policies with those being sold by other Medicare companies to see which provides the best coverage. Before purchasing a policy, it’s wise to consult someone who understands insurance, as well as your individual financial situation, and who can help you explore policy options. It's important to remember that slight differences in wording can greatly change meanings/coverage.
Local Nebraskan insurance agents can often be of help. If the agent says the policy covers a stay in the local nursing home, go ask the administrator. It may be that your stay will only be covered if you receive a higher level of care than is available at the home, so the policy would be a poor buy.
If an agent says the policy pays everything Medicare doesn’t, be sure there’s no reasonable and customary limitation. The amount approved by Medicare is determined solely by Medicare and is the fee most frequently charged in a geographic area for the specific services that have been received.
Nebraska supplemental Medicare companies law allows a company to exclude existing illnesses for only six months. Other types of Medicare policies may have longer or permanent exclusions, so read them carefully.
• Look for a renewal clause. Check to see if the policy can
be renewed for the lifetime of the policyholder.
These tips on purchasing a Nebraska Medicare Advantage plans are basic and easy to understand. Please visit the Medicare Supplement Insurance home page for a complete overview of the Nebraska supplement Medicare Insurance industry.