Medicare Supplement Plan G: Why Not?August 26, 2019
Supplement plans are specifically designed to work in harmony with your original Medicare plan. These plans are not for everyone. In some cases supplement plans may actually be a waste of money. The plans are used to pay for coverage that isn’t available through the original Medicare plan. There are 12 plans to choose from. Each plan acts like the original Medicare plan. They all cover basic services, but may focus on some more than others. All supplement plans are available in all 50 states, but not all supplement plans are sold by every insurance company. Each company may only sell a select number of Medigap plans.
For those of you who think of AARP as a non profit organization that protects seniors, you should know the facts. The money AARP takes in as a non profit in no way pays their bills. What does is selling insurance, financial services and other products and services through their for profit subsidiary. In other words and to make this crystal clear SELLING HEALTH INSURANCE PAYS THEIR SALARIES!!!!!! This includes selling seniors medicare advantage and medicare supplement, Medicare Advantage and Medicare Part D drug plans. So why would they support this bill?
As I begin to dig further I found that she had received a letter back in February from her plan saying that she did not have “creditable drug coverage” for the last six years and if she did not provide proof of “creditable coverage” within 60 days that she would be paying an additional $20/month which equates to $240/year. The not so funny thing about this was that the husband went to get a file at my request and right in the front of the file was the proof of creditable coverage from his previous employer. I called the plan immediately, and of course was told that since the time had expired it was out of their hands, and that I would have to go through an appeal with Medicare. Oh, the insanity. If only they had used a good independent, knowledgeable agent!
I recommend calling businesses, not residential. Businesses are far more likely to answer and you don’t have to worry about scrubbing your list to be DNC (Do-Not-Call) compliant. DNC rules do not apply to business to business calls.
Remember that Medicare Advantage and medicare supplements can vary in price. They also can differ in benefits. It does remind you of the adage “Pay me now or pay me later”. medicare supplements are more money per month but less money usually in the long run.
When you belong to an Advantage plan, you will get your coverage from the insurer. Instead of handing a doctor or hospital your Medicare card, you will show them your card from the private insurer. You do not lose your Medicare coverage though. In fact, you are free to dis-enroll and return to the older plan. You are also still protected by all of the laws, rules, and regulations of the Center For Medicaid and Medicare (CMS). CMS oversees Medicare in the US.
Don’t lump us together – we are very different people within one demographic. We’ll respect you and your product when you treat us as individuals. We may even become your best customer, and you will be rewarded with the trust and esteem of a very large audience.