Will Medicare buy you a scooter? Does your GA Medicare supplement plan pay the bill or is this a come on? Will your Georgia Medicare gap plan cover or will you be stuck?
1) Medicare doesn’t pay 100% of your costs. You will be responsible for deductibles (with both Parts A & B) and co-insurance (like 80/20 plans) with your Part B.
If you have no health issues, you may not need a plan that covers every possible health care cost, as you get for example with a medicare leads preset appointments Plan F or Plan J. You may be content with lesser coverage, such as you get with a Plan A for example.
As you can see, supplements work with the original plan. There are two distinct premiums to pay. One goes to Part B, and the other goes to the private insurer.
If that were not confusing enough, you can add medicare supplements to your new knowledge base, and you have a whole new set of Parts (or at least plans). Medigap Plan A, Plan B, Plan C, all the way through Plan L. Now, in 2010, that whole structure is changing yet again.
Finally, insurance protects your assets, your sources of cash flow and lifestyle, from catastrophic loss. If you can’t afford to lose it or pay it, even if the chances of a loss occurring are very small, it must be insured.
If you’re lost somewhere between the Parts and the Plans, make it a point to call an expert health insurance agent. They will be able to sort the whole mess out for you in no time flat.