Traditional Medicare (Part A and B) does not provide 100% coverage for medical expenses such as deductibles, co-payments, and co-insurance. Therefore Tennessee Medicare Supplemental insurance plans were designed to fill the gaps that traditional Medicare doesn’t cover. Also called ‘Medigap’, such a Medicare Supplement plan allows Tennessee seniors on Medicare to stay healthy, knowing that such a supplemental insurance may pay for many of the health care costs that are not covered by Medicare.
There are two basic parts of original Medicare, Part A and Part B. Medicare Part A was created with the original Medicare package, is an insurance that is bankrolled by the government, and covers costs associated with home health services, hospice, nursing home facilities, hospital stays that are classified as inpatient, and Non medical Health care Institutions with a religious affiliation.There is no premium for Medicare Part A if you paid in Medicare taxes while you were working. There is also no premium if your spouse paid these kind of taxes. Medicare Part A may be available to you for a cost if you are over 65 and meet certain requirements of citizenship. Medicare Part B helps pay for doctors’ visits, outpatient hospital care, and some other medical services that Part A doesn’t cover, such as the services of physical and occupational therapists, and some home health care. Part B helps pay for these covered services and supplies when they are medically necessary. If you don’t receive Social Security Benefits you need to apply at the beginning of your seven-month initial enrollment period (90 days prior to your 65th birthday). Please call or visit your Social Security office to sign up.
It might be a good idea to think about additional coverage by comparing Tennessee Medicare Supplemental insurance plan quotes and Tennessee Medicare Advantage plan quotes to your Medicare Part B premium in order to find the health care coverage that best suits your needs and your budget. Also, adding a Medicare prescription drug plan may help you with high costs for medications in the future.
The best part about a Tennessee Medicare supplement plan is that each plan is regulated by Medicare. Private insurance providers that offer those policies have to follow the terms of the plan that Medicare sets. You can for example compare one Medicare supplement plan F offered by company A to the Medicare supplemental insurance plan F offered by company B. They may be priced differently, but both will cover the exact same procedures. This means, you can compare insurance providers and select the one with the lowest rates.
Tennessee Medicare Supplemental Insurance Plans can be purchased for anyone over the age of 65 and or on disability and receiving Medicare coverage. For those just turning 65 in Tennessee and starting to go on Medicare are eligible for the Initial Enrollment period. This means that you are guaranteed insurance coverage no matter what your current health status. Many seniors in Tennessee are unaware they are unable to get health insurance at this point and continue to go with out it, which could cost them a lot of money in the long run.