There are ten standard Texas Medicare Supplement Insurance Plans. These plans are utilized in addition to standard Medicare to provide you with better coverage. Plans K, L, and M have a cost-sharing element and Plans F, K, and L have a high-deductible option to decrease your monthly premium. While Medicare supplement plans are sold by private companies, they are regulated by the federal government. Therefore, no matter where you buy your Plan, you will receive the same benefits.
What are My Medigap Options?
Plan A offers you only the most basic benefits of all Texas Medicare supplement insurance plans. The benefits offered cover copayments and other costs above and beyond what standard Medicare covers.
Plan B pays the $1,132 deductible required in the year 2011. This is the deductible required to receive benefits under Medicare Part A (not to be confused with Plan A supplementary insurance).
Plan C adds benefits for nursing facility care. It covers your coinsurance requirement from the 21st day in the nursing home until the 100th day. It also covers the cost of the Medicare Part B deductible. Emergency care outside of the United States is offered with this plan as well.
Plan D does not cover the cost of the Part B deductible, but it offers everything else covered in Plan C plus at-home recovery.
Plan F is the most popular of all Texas Medicare supplement insurance plans. It covers everything that Plan C covers, but it adds a benefit for excess charges from Medicare Part B. 100% of the charges made to you from a doctor that does not accept Medicare Assignment will be covered by this plan.
Plan G offers everything that Plan F does except it will not cover the cost of the Medicare Part B deductible.
Plan K does not cover 100% like other plans. Instead, it covers 50% of basic benefits, skilled nursing facility care, and the Part A deductible. There is an out-of-pocket limit of $4,620 (2010). Once this amount is reached, the insurance pays 100% of all these parts.
Plan L is like Plan K, but it covers 75% and there is an out-of-pocket limit of $2,310 (2010).
Plan M covers basic benefits, 50% of the Part A deductible, nursing home costs, and foreign travel emergencies.
Plan N is the last of the Texas Medicare supplement insurance plans you can choose from. It covers what Plan M does, plus co-pays of $20 for doctor visits and $50 co-pays for ER visits are required to be covered by the policy.
Will I be Working With a Big Name Company?
These exciting plan designs, which are approved by congress, are offered by several big name companies. United Healthcare Texas Medicare Supplement Insurance Plans are one company that offers these plans under the AARP endorsement, but that’s not all, Blue Cross Blue Shield of Texas as well as other strong companies like United of Omaha and Gerber compete for this line of business. United of Omaha is a division of Mutual of Omaha.
Regardless of which plan you feel is right for you we always advise that you speak with a qualified independent broker in order to have a clear understanding of both underwriting and policy service. We have been advising consumers looking for Texas Medicare Supplement Insurance Plans since 1993. Feel free to access an instant quote from our website or call us direct anytime to get accurate information about your plan options today.
For more information about Texas medicare supplement insurance plans visit www.MedicareInsuranceTexas.com