As he explained in his previous youtube video, Medicare A and B only
cover users for a limited number of hospital costs which need to be topped up
with Advantage or Supplement plans. Now health insurance expert Robert Bache
tells you what a Medicare Supplement Plan is and how it works.
Medicare Bob, as part of his series of videos to instruct
the public on Medicare and related insurance policies, recently explained the
limits of the basic Medicare A and B plan. Here he details the private
Supplement plans designed to bridge the gaps in your Medicare coverage.
Although there are around 10 basic Medicare Supplement
plans, according to Medicare Bob, there are only 3 plans which should be
seriously considered. The first is Plan F,
which is the most comprehensive coverage plan which covers all medical costs in
and outside hospital, and also pays all Medicare deductibles.
The second plan which Bob recommends is Medicare Plan G. Plan G is very similar to Plan
F, the only difference being that a small deductible is payable each year. This
year that price is just $147.
The final plan Bob recommends in Plan N. Many people find Plans F and G excessive as they are in
good health and rarely visit hospital except in emergencies. Plan N is an
intelligent package for them as, under this plan, they pay a much lower premium
in addition to the annual deductible and up to a $20 charge for each doctor
visit, or $50 for each hospital emergency room visit; although, if they are
admitted, this $50 is waived.
The only other costs are what are known as a Part B Excess Charge. If you would like more information about the
Part B excess charge, or any of the Supplement plans Bob recommends, you can
speak to Bob directly on his toll free number, 1-855-368-4717. He can also be reached online via his website at www.medicarebob.com or via email at
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