Choosing the Best Medicare Supplement Plan

One of the natural processes that every living being will have to go through in life is the aging process. As an individual ages and get closer to retirement, they begin to think of how to make arrangements for any medical emergencies that may come up as the body activity begins to slow down. In many cases people would depend on the main health insurance program currently in force across the country –Medicare insurance.

However, there are situations where Medicare will not cover for some medical expenses. The fact is that Medicare only covers for an average of about 80% of your health care bills. Some of the services not covered by Medicare include homemaker services, long term care, as well as many denture and dental services. Because these are services that are medically necessary, they are offered by private companies through a combination of plans known as Medigap or Medicare supplement plan.

Here are some facts to know when choosing a Medicare supplement plan.

Because a Medigap plan plays the role of a Medicare supplement plan, it is important that all recipients of Medicare be conversant with the facts about them. Although different private insurance companies offer these services, the overall plan has to adhere to the standards as set by Medicare. The set premiums on the different plans vary from one insurer to another. For this reason, you need to do a thorough research so you can find the best Medicare supplement plan for the best price.

Currently, there are 12 different Medicare supplement plans available across the different States of the country. However, all 12 plans are not available in all the States. Each Medicare supplement plan is named with a letter of the alphabet and each one of them has their own individual benefits.

Generally speaking, plan A has the least number of benefits and it is also the least expensive plan. The plan that has the most benefits is Plan J, but it is also the most expensive plan.

For you to find the best Medicare supplement plan to cover your medical needs, you need to understand how the premiums are set on these plans.  Visit

To set the premiums on a Medicare supplement plan, three different methods are used. The methods include age issued, attained age, and community-rated. Every individual need to choose which of the Medicare supplement plan is best for their particular needs.

During your research, it will become evident sooner or later that each plan has its own individual benefits. For example, with the attained age method, any individual over the age of 65 is qualified for this policy. Bear in mind that the premiums associated with this policy tend to increase every 3 to 5 years.

With the issue-age and community-rated policy, the premiums set do not vary as the age of the individual increases. The main difference between the two is that with the issue-age policy, your premiums will be based on the age at which you acquire the policy. The community-rated policy premiums on the other hand, remain constant regardless of age.