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Medicare Supplement Plans in Reno, Nevada.  4 Important Tips.

 

Choosing the perfect Medicare Supplement plan for your circumstance and needs is one of the most important things you can do.  Getting this right is a key factor in ensuring your financial future is a stable one.  You likely have several questions: Where to begin? What exactly are Medicare Supplement plans? Which plan would be best for me? How do I qualify? What are the costs? Fortunately, we have the expertise to assist with all aspects of Medicare supplement plan coverage.  Our knowledge and experience can turn a normally confusing process into an experience that is simple and stress free.

View of Reno, NevadaReno, Nevada

If you are already a resident of Reno, Nevada, you know what a great place it is to live and retire.  The Reno area is a jewel of a region, with all manner of fantastic amenities.  It is one of the best kept secrets in the country.  So, let's get your selection of your Medicare supplement plan right, so you do not spoil your perfect choice of a city in which to reside!

 

4 Important tips when choosing a Medicare Supplement Plan in Reno, Nevada.


1.  Do not procrastinate.

When it comes to choosing the right supplement plan (sometimes referred to as Medigap Plans), the sooner you can begin the process the better.  The first thing you should do is confirm that you are actually eligible to purchase a Medicare Supplement Plan.  There is a bit more to being eligible for Medicare supplement coverage than simply turning 65.  For starts, you will need to be enrolled in both Part A, and Part B of Medicare.  If you are not certain if you are enrolled, or you do not know how to get enrolled, Please give us a call.  We can help.
If you are eligible, there is an initial enrollment period of seven months. It begins 3 months before your 65th birthday.  This open enrollment period is the best time to get your Medicare Supplement policy.


Good to know:  If you have outstanding medical bills, sometimes, phone calls just don't cut it.  In those times, you may have to take a trip to meet with members of your healthcare facility's billing department one-on-one.  Often, you will be able to work out a deal by meeting in person that you may not have achieved over the phone.  When you go to your meeting, make sure that you give your hospital detailed information of your finances and current medical situation.  Often, healthcare providers are willing to work with you to iron out an affordable alternative to traditional payment options.  In some cases, you may even be eligible to discounts and other benefits to which you would otherwise not have been given access.

2.  Thoroughly review your options.

Medicare supplement plans are designated by letters of the alphabet (A-N).  Each plan option provides a specific level of coverage benefits for medical fees not covered by Medicare.  Give us a call to find out more about specific benefit information for every Medicare supplement plan type.


3.  Know your long-term budget.

There are 10 different Medicare Supplement plans in the market.  These plans are standardized.  This means the plan benefits of any specific plan type are the same - no matter which insurance company you purchase the plan from.  For example: A Medicare supplement G plan purchased from Aetna, will provide the same benefit coverage as an G plan purchased from AARP.)
Price however, is a different story.  The price of plans can vary significantly depending upon where you live, and which insurance company you choose.  Whichever plan you choose for your insurance needs, it must comfortably fit into your budget.


Good to know:  Each insurance provider has a formulary or list of medicines covered by the plan.  If a medicine is not on the formulary it may not be covered and you may have to endure a potential nightmare attempting to find an alternative medication.  The list of covered medicines is also often divided into tiers, which determines how much of a copay or coinsurance you may have to pay.  Make a list of your current medicines and compare it to the plan's formulary to make sure your medicines are covered and you understand the out-of-pocket costs that may be associated with them.

Renown South Meadows Medical Center - Medicare Supplement
Renown South Meadows Medical Center
10101 Double R Blvd
Reno, NV 89521
Telephone: (775) 982-7000
Plus Code: C6PR+F3 Reno, Nevada




4.  Get in touch with a specialist.

Contacting a Medicare Supplement Plan specialist is the best way to find out about all the Medicare insurance plan options that are available to you.  JustHealthplans.com insurance specialists are happy to assist.  Insurance carriers we work with include:  Blue Cross Blue Shield, Humana, Aetna, Mutual of Omaha, AARP, and more.

 

Medicare Supplement Plan Benefit Comparison

Benefits Medicare Supplement Plans
  A B C D F* G K L M N
                     
Medicare Part A Deductible No 100% 100% 100% 100% 100% 50% 75% 50% 100%
Medicare Part B Deductible No No 100% No 100% No No No No No
Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are exhausted 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Medicare Part B coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%**
First three pints of blood 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part A hospice coinsurance or copayment 100% 100% 100% 100% 100% 100% 50% 75% 100% 100%
Skilled Nursing Facility (SNF) coinsurance No No 100% 100% 100% 100% 50% 75% 100% 100%
Medicare Part B Excess Charges No No No No 100% 100% No No No No
Foreign Travel Emergency (Up to Plan Limits) No No 80% 80% 80% 80% No No 80% 80%
Out-of-Pocket Limit*** None None None None None None $5,240 $2,620 None None

*Plan F is also has a high-deductible option.  The F high deductible plan pays for all Medicare-covered expenses after you meet a $2240 annual deductible.
**Office copay exceptions: Some office visits may require a copayment of up to $20.  Emergency room visits may require a copayment of up to $50.
***Plan pays 100% of covered Medicare costs for the remainder of the calendar year once the out-of-Pocket limit is reached.



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