Doctors make Medicare Supplement Plans more Popular

As we age quality healthcare becomes much more important

. Living a long and health life is our first priority, and ensuring we have access to the best doctors and hospitals is the main factor upon which our success will be determined when achieving this goal. There are several Medicare plan options available to people who are over 65, many of which can be quite confusing. The most important decision one must face is whether to purchase a Medicare Advantage Plan or a Medicare Supplement Plan.

Medicare Advantage Plans have been extremely popular over the past few years as they have had a low monthly premium and often offer extra benefits. However, with the upcoming budget cuts, which are a result of the healthcare reform bill, these plans are much less appealing for those who are looking to save money while still receiving excellent care. In fact, many of the nations top doctors and hospitals no longer accept any Medicare Advantage Plans and will only take new clients who are enrolled in original Medicare.

In addition to the lack of provider options, many insurance companies are exiting the Medicare Advantage market altogether. This means thousands of seniors are left without coverage while they search for a better insurance option. Often, this can come at very inopportune times when making choices can be quite difficult.

Medicare Supplement Plans are the best option for seniors as fewer doctors and hospitals accept Medicare Advantage Plans. These plans, while they can be more expensive on a monthly basis, are often more affordable in the long run as there are fewer out of pocket expenses. Furthermore, almost all doctors and hospitals who accept original Medicare accept all Medicare Supplemental Insurance.

Plan F is the most popular option for all Medicare Supplement Plans as it provides the most comprehensive coverage. Keep in mind these plans are standardized, which means every company offers the same plans with the same benefits. Insurance companies cannot change the benefits, nor can they add additional benefits. Seniors who purchase Medicare Supplement Plan F rarely pay any medical bills and receive excellent care.

Plan N is a great alternative for people who are losing their Medicare Advantage Plans. This is one of the two new Medicare Supplement Plans, which were introduced on June 1st, 2010. Medicare Supplement Plan N is much more affordable than Plan F, but you must pay the annual Part B deductible, which is $155 in 2010, and $20 co-payments at the Doctor. In addition, people who purchase this plan also will have a $50 co-payment for Emergency Room visits.

Medicare Supplement Plans have proven to be far superior to Medicare Advantage Plans. Experts expect thousands of people who are currently enrolled in Medicare Advantage Plans will elect to discontinue their current coverage in favor of supplemental insurance during the upcoming annual enrollment period, which begins on November 15th. Be sure to consult with a national insurance broker who specializes in Medicare Supplemental Insurance before making any purchasing decision.

Doctors make Medicare Supplement Plans more Popular

By: Tyra Phillips

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