Why is it necessary to plan ahead? It is, because life is unexpected, no one knows what will happen next. The wiser persons always plan for their health issues as well before it strikes them. Old age is the stage when all the possible diseases hit the person hard and do not allow him/her to get up on his own again. If you have prepared beforehand and already have a Medical Supplements plan, then you need not to worry about your medical expenses.
There is a tendency that when a senior reaches catastrophic levels of his prescriptions, he stops taking his medications, which results in severe illness and ultimately leads to death. Medical Supplement Plans are to avoid such conditions.
Basic benefits of Medical Supplement Plans
Each plan of the Accendo Medicare Supplement Plans has its own benefits and coverages, but all of them have the main and basic benefits that are included in all. The coverages of different plans are same from different insurance companies, their prices vary but the plan does not change in States.
Every plan has a portion of following basic benefits:
- Medicare Part A coinsurance
- Medicare Part A hospice
- Medicare Part B coinsurance
- First three pints of blood used during medical procedure
These basic benefits are considered as bonus features of all the plans which include them for sure.
Eligibility of Medicare Supplementary Plan
The most important factor of eligibility criteria is the age of person. If a person reaches 65 years of age, he is eligible to sign up for any suitable plan of Medical Supplement. But there are instances where insurance companies themselves sell their plans to people who are not yet 65 years of age. This has a drawback on the price of plan purchased. Same plans cost less for people of 65+ age and higher for people below 65.
Working of Medical Supplement
It is quite easy and a step-wise process to subscribe for a Medical Supplement plan and obtain benefits from it. Here is the process which leads to your relaxation of affordable health care:
- Enrollment in Medicare Part A and Part B
- Purchasing of Medical Supplement Plan
- Payment of monthly premium for Medical Supplement based on age and gender
- Original Medicare benefits, Medicare pays 80% while you pay 20% share for medical expenses
- Purchase of riders for additional health coverage
At the end, you got to relax yourself, after all you have invested your hard earned money for your health benefits to keep you in peace at old age.
What is a rider?
Medicare alone cannot afford your health expenses; rider is the one thatprovides additional health coverage. There are total six riders and a person can choose one of his choice. These riders are:
- Part A and Part B deductible rider
- Additional home health care rider
- Foreign emergency travel rider
- Part B excess charges rider
- Part B copayment rider