Medicare Supplemental Insurance Part B
Medicare supplemental insurance part B is also known as medical insurance. In this plan, the holder has to pay a monthly premium fee. Before patients get this coverage, they must also pay a deductible fee annually. By 2005, the deductible fee was 110 dollars.
The plan provides cover for medical expenses that are really necessary like medical procedures and doctor’s appointments. These expenses include: surgical services, equipments, diagnostic services and outpatient services. Home health care is also covered under this plan. However, this plan does not cover routine checkups, unless they are a onetime happening. Collectively, Part An and B Medicare supplement plan are known by the term original Medicare.
The coverage for both plans has certain limitations but they both allow one to see any doctor that accepts Medicare. One of the limitations of Part B plan is that they have deductibles and co payments. Apart from this factor, the two plans have certain exceptions and costs that are their greatest disadvantages. These are the reasons why most people take a Medigap plan from certain Medicare supplement companies that are situated all over the country.
Providers of Medigap insurance must be guided by certain guidelines drafted by the federal government. They should also identify themselves clearly as companies that provide Medigap insurance to individuals. Medigap insurance has several rates and benefits accrued to each of its ten plans. The plans are labeled with some of the alphabetical letters from A to N. different states have different benefits for Medigap insurance.