When on Medicare they will cover up to 80% of your hospital and doctor office visits leaveing the 20% for you to cover yourself. You have a few ways of paying for the rest of the 20%. you could pay out of pocket, but that can be very very expensive. Or you can get something called Medigap also known as a Medicare supplement plan.
If you're a Medicare beneficiary in Wisconsin, Medicare Supplement (Medigap) insurance can help with certain costs that Original Medicare (Part A and Part B) doesn't cover. While Original Medicare covers a variety of hospital and medical services, the federal program doesn't cover all expenses, and you'll still be responsible for paying certain medical costs out of pocket.
you'll need to pay cost sharing (such as copayments and coinsurance costs) after Original Medicare has paid its share of covered benefits. Depending on your health and how often you require certain health-care services, these costs can get expensive over the course of a year.
Also known as Medigap
That's where Medicare Supplement insurance comes in. Longterm Health Insurance, also known as Medigap, Medicare Supplement plans in Wisconsin cover some of the costs not paid for by Original Medicare. These plans are offered by private insurance companies. While most states offer 10 standardized Medigap plans, Medicare Supplement coverage is standardized differently in Wisconsin.
All Medicare Supplement plans in Wisconsin must cover the following "basic benefits"
One of your Medigap options in Wisconsin is the "Basic Plan," which covers:
All basic benefits
Medicare Part A skilled nursing facility coinsurance
An additional 175 days of inpatient mental health coverage per lifetime, on top of what Medicare covers
An additional 40 home health care visits, on top of what Medicare covers
State-mandated benefits, such as preventive services
Beneficiaries in Wisconsin also have the option to add on "riders" to their Medigap coverage. These riders are optional benefits that help with costs like the Part A deductible, Part B deductible, Part B excess charges, and more.
Wisconsin also offers two Medigap plans that help with your Original Medicare costs on a 25% or 50% cost-sharing level. These plans are similar to Medigap Plan K and Plan L available in other states.
Medicare Supplement plans don't cover prescription medications, but you can enroll in a Medicare Prescription Drug Plan to get this benefit with your Original Medicare coverage. Keep in mind that Medigap coverage can't be used with Medicare Advantage plans; you can only use them to pay for costs related to Original Medicare.
Incline.Media is owned and operated independently of our users, a make no claim to their viability. When it comes to Medicare Supplements we suggest you contact a licensed medicare supplemental insurance agent in your area or call our friends at 1-800-MEDIGAP .
This Website serves as an invitation for you, the customer, to inquire about further information regarding Medicare Co-Insurance or Medicare insurance, and submission of your contact information constitutes permission for an agent to contact you with further information, including complete details on cost and coverage of this insurance if you desire.
Many of our customers in this category are licensed agents that may call you and are not connected with or endorsed by the U.S. Government or the federal Medicare program. Medicare has neither reviewed nor endorsed the information contained on this website. This is not a complete listing of plans available in your service area. For a complete listing please contact 1-800-MEDICARE or consult www.medicare.gov (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www. href="http://www.medicare.gov">medicare.gov.