When analyzing Medicare supplemental plans and comparing the benefits and features, you may be tempted to select the plan that has the most options and base your decision on that.
For some people, this may work; but it is not financially feasible for some others. Supplemental Plan A is one of the plans that provide the least number of benefits, and it is also one of the least expensive. If you are healthy, have a Health Reimbursement Account (HRA), or already enrolled in an employer sponsored plan, it may be able to meet your needs in a pocket friendly way. Funds distributed by Medicare Plans are based on a “benefit period.” This “benefit period” is usually one year and any benefits unused will not be rolled over from one year to the next. Find out about supplement plans at https://www.bestmedicaresupplementplans2019.com/
A lot of people who pay for the more expensive plans which has an extensive list of benefits, never actually use all of what they are paying for. Supplemental Medicare Plan A covers benefits for hospital services provided under Medicare Part A and select deductibles and medical services covered under Part B. For filling the coverage gaps in Part A, hospitalization, hospice care, inpatient care at a skilled nursing facility, are addressed.
Medicare beneficiaries who require hospitalization are entitled to general nursing, sub acute care, a semi-private room, board, and a host of additional services and supplies. Medicare covers all but $1,068 of the cost for the first 60 days. You are required to pay this balance out-of-pocket.
However, for days 61 through day 90, though Medicare will cover for all but $267 per day, you will pay nothing if you have Medicare supplemental plan A. The same thing applies for days 91 through day 365. The supplemental insurance covers the daily costs which Medicare does not cover. There are specific Medicare requirements that you must meet for you to be covered at a skilled nursing facility.
Treatment that is medically necessary on an outpatient or inpatient basis will also be covered in certain areas under Medicare supplemental Plan A; approximately 80% of these costs will be paid by Medicare. The supplemental Plan A will covers the remaining percentage.
Each benefit period are also covered for the first three pints of blood that are needed. You may want to consider enrolling in Plan A if you are healthy and have other health care options. Relatively, it is inexpensive; and in the event of unforeseen issues, it will help you cover the costs for hospitalization. This can provide you with peace of mind knowing that should a catastrophic illness or accident occur, you will not be financially devastated.
Of all the Medigap plans, Medigap Plan A offers the most basic coverage. In spite of that, it will cover the 20% that Medicare does not pay for the treatment of outpatients. That is arguably the most important piece of all Medigap plans. All carriers of Medicare insurance must offer Plan A. In some states however, companies are not required to offer this plan to people below 65 years old on Medicare disability.