Before choosing and finally deciding on a Medicare supplement plan, might not always come easy. As there are different kinds of plans out there and they all cover slightly and sometimes totally different expenses, one is often left wondering: am I choosing the right one? Will it really save me money? Will it cover what I need it to cover if the necessity comes? It is completely normal to feel this way and almost everyone goes through this process. If you are leaning in more towards getting Medicare supplement plan B, you might want to read about it once more, to make sure that you are not missing on anything important. Here is what you need to know about Medicare supplement plan B:
What does Medicare supplement plan B cover?
This supplement plan B will cover for your Medicare part B copayments and coinsurance. It will also cover for the first three pints of blood, you might need to get if admitted to the hospital or in some cases, during an outpatient hospital visit. Usually, without the supplement plan, you would need to pay for the first three pints of blood yourself and the original Medicare will start covering for any pints of blood you might need after paying for the first three. It also covers any deductibles of Medicare part A, as well as hospital expenses, that aren´t covered by Medicare part A. This includes the coinsurance you would otherwise need to pay for, for a period of time of up to one year after Medicare part A benefits are depleted. The original Medicare part A would also leave you paying coinsurances and copayment for hospice care, which would be covered by the supplement plan B as well.
What does Medicare supplement plan B not cover?
It is good to know what the plan B covers and some or all of its benefits might just be the reason why you are leaning towards this plan. If what you´re paying most for is already in the list, you are choosing correctly by lowering your out-of-pocket expenses for these services separately and replacing them with a monthly premium payment for your supplement plan, which in the long run, can turn out to be much less expensive. However, it is also good to know what it does not cover! When enrolling to this plan, you will still need to pay for Medicare part B deductibles, any excess charges from Medicare part B, the coinsurance for skilled nursing facility and for foreign travel emergency care.
After comparing what is covered and what not to what your personal needs are and what you feel is more important to you, making the decision to enroll to the plan should feel a lot easier. Remember, that the premium costs for the plan vary from insurance company to insurance company and it is best to look at different prices, to make sure that you are getting the best option available!