Medicare B or Medicare Part B facilitates coverage of medical essential services. Some of these services are physician services, outpatient care services, home healthcare services, as well as other health services. This part also has coverage for a number of preventive services. Part B medical insurance facilitates payment for a number of services and items not under Part A, commonly on outpatient services. Part B is actually discretionary and may be overdue if the husband or wife still works. There is a fine of ten percent per year. Thos is enforced due to non-enrolment to Part B unless the person still works. The coverage for Part B commences as soon as a
(PRWEB) July 17, 2014
Millions of individuals will turn 65 this year, and start their Medicare Part B. Turning 65 triggers the clock on the time seniors have to get their medicare supplement insurance plan without having to go through underwriting.
It is best for customers to buy a medicare supplement policy when they are first eligible because this “open enrollment” period allows the consumer to secure a plan without medical underwriting. Medical underwriting is when an insurance company reviews an applicant to make sure they are a “good risk” under the company’s acceptance protocol. This process includes thorough physicals, interviews and other tests that often eliminates people with even the most minor medical conditions making it difficult to acquire a plan.
Many people don’t realize they have limited time to get this coverage, without underwriting. They often find themselves in a situation where they have missed their window and can only apply for medicare supplemental insurance with a company that will make them go through the full underwriting process. If a person is ill or has standing conditions that would keep an insurance company from insuring them under their insurance policy, they surely would not want to miss an opportunity to get coverage without underwriting.
There are various incidents each day where seniors receive medical bills in excess of $ 4,000 with no way to pay for them. These people are now being denied supplemental plan coverage for current health issues in addition to already owing copious amounts for past medical expenses.
The insurance companies want save themselves money by insuring low-risk, healthy, individuals who will not likely need medical help. Being in this condition is the ideal time to acquire a plan, but when in perfect health, medicare supplement insurance coverage is not always a top priority, and often then circumstances of being over 65 does not place many people in an ideal state of health.
1-800-MEDIGAP compiles the best plan options and helps to remove the time consuming hassle of shopping around for a plan. 1-800-MEDIGAP has professional agents that are knowledgeable, insightful, and ready to give guidance on which plan options are best for specific situations. People shopping around for plans could spend hours trying to compare supplemental insurance plans on their own. 1-800-MEDIGAP is here to make the insurance search smother and less time consuming. No matter what insurance carrier a consumer chooses to go with, the facts are the facts. Don’t miss your opportunity to sign up for medigap supplemental insurance today.
Take advantage of the benefits of entering the golden age of over 65 and know what is available. Get the facts here.
Question by nurit4: medicare part b gap insurance ny state?
I need a medicare part B gap insurance. I live in ny state.
Can anyone recommend a good and cheap gap insurance ?
Answer by Dr. Albert, DDS (UNITED STATES)
PART B COVERS WHAT PART A DOESN’T. THE LEFT OVER % CAN BE COVERED BY GAP INSURANCE, BUT THIS IS NOT CHEAP. SUPPLEMENTAL COVERAGE CAN BE GIVEN BY NUMEROUS AGENCIES. JUST DO A SEARCH AND ASK WHAT THEY COVER BECAUSE THEY MAY NOT OFFER ALL TYPES OF TREATMENTS OR THEY MAY LIMIT YOU TO THEIR PHYSICIANS AND OR SPECIALISTS.
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Question by Barb: how do i enroll in medicare part b?
Answer by Zarnev
You apply for Medicare at the social security office.
Be aware that if you are just coming off of a group policy with 20 or more employees you have 8 months to get on Part B without incurring a penalty. If you were on a group policy with less than 20 or if you didn’t sign up when you were first eligible you can only apply from January 1 to March 31 for a July 1 effective date. You will then have a penalty of 10% for each 12 month period you should have been on Part B but was not.
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