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Have you been looking forward to
Medicare to get off of your expensive individual health plan and on to
less expensive Medicare coverage? Well there certainly may be some savings
when you reach 65, however you must be aware of the things that Medicare
does not pay.
That's what Supplemental Medicare
plans or "Medigap" policies are for... to pick up the difference.
Medigap polices will help you pay for the following costs that are NOT
covered by Medicare Part A or Part B
Medicare Part A and Part B
deductibles
If you
need to stay in the hospital, you will pay the following amounts based on
how long you need to stay in the hospital:
-
$840 total for days 1 through 60
-
$210 per day for days 61 through 90
-
$420 per day for days 91 through 150
-
All costs for each day beyond 150 days
For
other non-hospital services you will pay $100
Additionally you will pay:
-
20% of the Medicare-approved amount for most covered services
-
50% of outpatient mental health treatments and the co-payment for
outpatient hospital services
-
5% of the Medicare-approved amount for inpatient respite care
Part B
Excess - Above Medicare's Approved Amount
Under
federal law, doctors who don't accept "assignment" (take Medicare's
approved amount as payment in full) may charge up to 15% more than the
approved amount. You will pay this excess amount.
Outpatient
Prescription Drugs
You
will pay the entire cost of prescription drugs.
Foreign
Travel Emergency
You
will pay the entire cost of emergency care while traveling in a foreign
country.
Skilled
Nursing Coinsurance
You
will pay $105 per day for days 21 through 100 per stay in a Skilled
Nursing Facility plus all costs beyond the 100th day.
Preventative Care
You
will pay the entire cost of routine yearly check-ups and tests (such as
routine yearly check-ups, serum cholesterol E and screening, hearing
tests, diabetes screening, thyroid function test).
Blood
You
will pay for the first 3 pints of blood. |
