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Medicare Parts A and B work together to provide basic medical coverage, but they don’t pay for everything. Medicare supplement insurance plans help pay for some of the out-of-pocket costs that Medicare Parts A and B don’t pay. They do not include prescription drug coverage. Medicare supplement plans are offered by private insurance companies and work with the coverage provided through Medicare Parts A and B. They’re identified by letters A – N and each standardized Medicare supplement plan must offer the same basic benefits, no matter which insurance company sells it. Cost is usually the only difference between Medicare supplement plans with the same letter sold by different insurance companies. (In Massachusetts, Minnesota, and Wisconsin Medicare supplement plans are standardized in a different way.) If you have a Medicare Advantage plan, you cannot have a Medicare supplement insurance plan.
By enrolling in an AARP Medicare Supplement Insurance Plan, you could join the millions** of AARP members who are already enrolled in these plans. Not to mention, 96% of plan members surveyed are satisfied with their plan. Like all standardized Medicare supplement insurance plans, AARP Medicare Supplement Insurance Plans feature a variety of coverage options that:
Medicare supplement insurance companies in most states can only sell you a “standardized” Medicare supplement plan identified by a letter (e.g. Plan A). Each standardized Medicare supplement plan must offer the same basic benefits, no matter which insurance company sells it.
AARP UnitedHealthcare Plan F Medicare supplemental insurance pays for the first three pints of blood needed for medical care, covers the coinsurance costs of preventative care, pays for the 5 percent fee for hospice and palliative medicine, and covers the entire hospital deductible. The plan also pays for foreign travel emergencies, 100 percent of Medicare Part B excess charges and deductibles, and skilled nursing home fees, notes AARP.
Most Medicare supplemental insurance policies, commonly called Medigap insurance, provide the exact same benefits depending on their specific plan letter, explains AARP. The federal government determines the coverage offered by each plan. Only Massachusetts, Minnesota and Wisconsin have different types of plans.
Plan F is the most comprehensive and expensive Medigap insurance policy, states eHealthInsurance. After original Medicare pays covered doctor and hospital charges, this Medigap policy pays all of the other costs. Therefore the beneficiary has no out-of-pocket expenses. However, Plan F does not pay the premiums for Medicare Part A and Medicare Part B coverage.
There are also some expenses that no Medigap plan covers, notes AARP. These health expenses include hearing aids, vision care, dental care, glasses and prescription medications. A supplemental policy also does not pay for private nursing or long-term care to help beneficiaries complete basic tasks, such as eating, using the bathroom or bathing.