There are 2 different Medicare Insurance Plans in Illinois. There is the Medicare Advantage plans or Part C, and there is the Medicare Supplement plans. These two plans are very different from each other, and I am going to give you some of the differences between these plans.
Medicare Advantage Plans
*Benefits can change annually.
*Premiums can change annually. Most services require you to share costs which increases your out-of-pocket expenses.
*Medicare Advantage out-of-pocket (OOP) expenses have climbed steadily (20 copays for some companies) with 44% of plans having an OOP maximum between $5,000 and $6,700 in 2015.
*Insurers, doctors, and hospitals can opt out at ANY TIME!
*Some cancer treatment centers do NOT accept Medicare Advantage plans. An example in Texas is the MD Anderson Cancer facility in Houston, TX.
*The plans typically require pre-certification on certain types of care. Penalties would apply if you did not follow this rule.
*More than 4.4 million Seniors in the last five years have been NON-RENEWED and/or CANCELED. Contracts between the government and Medicare Advantage Plans are reviewed annually and the plans may not be renewed.
*Over the next six years, projections are for Medicare Advantage enrollments to drop from current 13.9 million to 9.1 million, according to the Congressional Budget Office. WHY? Because of significant cuts to Medicare Advantage plans ($156 billion). In other words, many people are choosing to leave these plans for better coverage through a Medicare Supplement.
Medicare Supplement Plans
*Guaranteed Renewable for life as long as premiums are paid on time.
*NO HMO OR PPO NETWORKS! You can choose: ANY DOCTOR, ANY SPECIALIST, ANY HOSPITAL, ANY TIME, ANYWHERE IN THE COUNTRY as long as they accept Medicare.
*Medicare Supplement plans include a Foreign Travel Emergency benefit to cover policyholders who travel overseas.
*Policyholders do not have to decide on another company every Annual Enrollment Period or worry about cancellations. They can always keep their policies as long as the premiums are paid on time.
*NO co-payments or coinsurance when you go to a doctor or hospital!
*There is never a pre-certification requirement for certain types of care.
*No surprises. The benefit structure is locked in, so you know what you are getting from year to year.
*As Medicare deductibles and co-payments increase, so do your Medicare Supplement benefits to cover those amounts. Benefits NEVER decrease.
Please feel free to give us a call here at 1-800-Medigap/1-800-633-4427. We are licensed brokers which means we can look at multiple companies to see who is offering the cheapest rate for these types of plans.
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 Supplement , Medigap Plan G, 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.medicare.gov.