Let’s Examine Medicare Supplement Plan D
There are some high risk areas in Medicare, and Medicare Supplement Plan D offers coverage for many of them. The Plan G or Plan F premium is often more expensive but more comprehensive, making the Medigap Plan D premium less in most situations.
Generally, those who elect Plan D are willing to risk the possible expense of the Medicare Part B deductible, excess charges, and any preventative care. It is generally a good idea to consider pricing on Plans F and G before purchasing one of these plans.
Days 1-60 – $1,288 Part A Deductible. (Plan D Pays)
Days 61-90 – $322 per day co-payment. (Plan D Pays)
Days 91-150 – $644 per day Lifetime Reserve Days co-payment. When your hospital stay exceeds 90 days during a benefit period, a feature referred to as “Lifetime Reserve Days” takes effect. Lifetime Reserve Days are 60 extra days of Medicare-paid care, subject to the $644 per day co-payment.
When you use a reserve day, Medicare permanently subtracts it from your 60-day lifetime limit. (Plan D Pays)
Beyond the additional 365 days. (YOU PAY)
FOR SKILLED NURSING CARE
Days 1-20 (Medicare Pays)
Days 21-100 (Plan D Pays)
Days 101 and after (YOU PAY)
Part B Monthly premium of $121.80. (YOU PAY)
Part B $166 deductible. (YOU PAY)
20% of all Medicare approved expenses after the deductible. (Plan D Pays)
All costs for items not covered by Medicare. (YOU PAY)
Part B Excess Charges. (YOU PAY)
Your Recommended Agent is Greg from BGA Insurance Group
Greg Gudis – Licensed agent ready to assist you during the enrollment period in 2016. Please fill out the form below to send your information to Greg so that he can contact you with the best advice and plan information for your current situation. He can also provide expert advice on retirement planning, life insurance, and long-term care.
This is a solicitation of insurance. By providing this information, you agree that an authorized representative or licensed insurance agent/producer may contact you by phone, e-mail, or mail to answer your questions or provide additional information about Medicare Advantage, Part D or Medicare Supplement Insurance plans.
Plan information supplied by BGA Insurance Group – http://www.bgainsurance.net/medicare-supplement-plan-d-nj-medigap/