Have you ever received a large and unexpected medical bill in the mail? It probably wasn’t the best feeling. These bills can easily catch consumers off guard, especially if they have Medicare.
Medicare supplement insurance is a great tool in your arsenal against out-of-pocket medical expenses. While Medicare Parts A and B provide enrollees with hospital and medical coverage, the program requires enrollees to pay deductibles, co-payments, and co-insurance.
Medicare supplement insurance can help reduce out-of-pocket medical expenses. Medical Supplement Insurance Policies (also known as Medigap) are offered by private insurance companies and are regulated by the State Departments of Insurance. These policies provide insurance coverage that supplements the coverage provided by Medicare Parts A and B. They can help pay some of the out-of-pocket costs that Medicare Parts A and B do not cover.
Your style is your choice. Shouldn't your doctor and your coverage be, too?
Coverage of your choice with doctors of your choice are included with plans that don't restrict you to networks of specialists.
All standarized plans include the following basic benefits:
- Hospitalization: Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.
- Medical Expenses: Part B coinsurance (generally 20 percent of Medicare approved expenses) or copayments for hospital outpatient services. Plans K, L, and N require insureds to pay a portion of the Part B coinsurance or copayment.
- Blood: First three pints of blood each year.
- Hospice: Part A coinsurance for eligible hospice/respite care expenses.
Standardized Medicare Supplement insurance policies are guaranteed renewable even if you have health problems. This means your policy can never be cancelled as long as you continue to pay the premium and there is no material misrepresentation. Don’t take the risk of being left with expensive medical bills due to the out-of-pocket costs not covered by Medicare Parts A and B. Speak with an insurance agent or producer to choose the plan that’s right for you.
The purpose of this communication is the solicitation of insurance. United American Insurance Company is not connected with, endorsed by, or sponsored by the U.S. government, federal Medicare program, Social Security Administration, or the Department of Health and Human Services. Policies and benefits may vary by state and have some limitations and exclusions. Individual Medicare Supplement insurance policy forms MSA10, MSB10, MSC10, MSD10, MSF10, MSHDF10, MSG10, MSHDG, MSK06R, MSL06R, MSN10 and in WI, MC4810 and MC4810HD, MC4810HDG are available from our Company where state-approved. Some states require these plans be available to persons under age 65 eligible for Medicare due to disability or End Stage Renal disease (ESRD). You may be contacted by an agent or producer representing United American Insurance Company, PO Box 8080, McKinney, TX 75070-8080. OUTLINE OF COVERAGE PROVIDED UPON REQUEST.
For Ohio, you may verify the agent/broker and United American Insurance Company by contacting: The Ohio Department of Insurance 50 W. Town Street, Third Floor - Suite 300, Columbus, OH 43215. Consumer Hotline: 1-800-686-1526 or TDD Number: (614) 644-3745. For costs and complete details of coverage call or write your insurance agent or the company (whichever is applicable).