Is Laredo, TX supplemental health insurance right for you? That is a very important question to ask yourself. Many insurance companies want to tell you why you need their products. However, at Golden Plan Choice, we aim to inform our customers about each plan and product we offer to its fullest extent so that you may make the best choice for you and your family. We don’t just want to sell you insurance. We want to help you get the proper insurance plan that is right for you, so you can get the proper health care you need. Whether or not you choose to get Laredo TX supplemental health insurance will be based on what you are looking to spend, what type of coverage you need, and if your primary plan covers you properly.
What is Laredo, TX Supplemental Health Insurance?
In order for us to disclose all the pros and cons of supplemental health insurance, we must first define what it is. If you have never heard of supplemental health insurance, it is an additional health insurance coverage plan that can make up for what your original plan covers.
Sometimes our insurance plans do not cover everything we need. We may need more coverage for hospitalization or prescription drug coverage. Depending on our health situation, we may need extra coverage simply to get the health care we need.
Supplemental insurance can be found in all types of plans, such as dental, vision, and accident insurance. Supplemental insurance can even be found in a lot of businesses and auto insurance plans.
Having extra coverage can be a great idea for many people. If you travel often, you could end up with an injury or illness that causes you to be hospitalized. Depending on the type of insurance you have, you might find yourself with copayments, coinsurance, or deductibles that are too expensive to cover. This is where supplemental insurance can help out.
Some companies offer plans that can cover specific needs such as cancer, stroke, kidney failure, food, transportation, and many other expenses that are related to your medical condition.
With the right insurance plan, you could spend a fraction on your medical expenses. Insurance is supposed to help people cover expensive costs, not drain them of their finances.
At Golden Plan Choice, we offer Medicare Supplemental Insurance plans. For those that have, or are interested in Original Medicare insurance, may be eligible for additional coverage to help cover extra costs.
But first, we would like to discuss exactly what we cover. This way, you can decide for yourself if it is the right choice for you.
Medicare Supplement insurance is also referred to as Medigap, as it is meant to fill in gaps that your Medicare plan does not cover. It covers copayments, coinsurance, and deductibles. Like many things in life, there are pros and cons to this plan. While it may be helpful for some, others may be spending more money than they need to.
It must be noted that those who were not eligible for Medicare until after January 1, 2020, are no longer eligible to have their Part B deductible covered by their Medigap plan. Therefore, this makes Plans C and F unavailable. However, those who were eligible but had not yet enrolled may still have a chance to enroll in either of these plans. Those who are already covered with Plans C or F are grandfathered in and can keep those plans.
There are certain conditions to understand about Medigap before you enroll in this plan.
- Firstly, in order to be enrolled in Medigap, you must have Medicare Parts A and B.
- You must pay a premium on top of the monthly Part B premium.
- Medigap is not the same as Medicare Advantage, nor is it considered a Medigap plan.
- Medigap will only cover one person at a time. If you want to cover yourself and your spouse, you must pay for separate policies.
Pros and Cons of Medigap
Like anything in life, there are pros and cons to everything we choose to do. When choosing what to do, it is helpful to weigh out your options by knowing the pros can cons. Knowing the consequences along with the benefits can help you choose which way to go.
There are a lot of benefits to getting a Medigap plan. As we discussed earlier, it can cover extra costs that your original plan does not cover. Covering medical costs while traveling outside the country is a huge benefit to Medigap. Many insurance plans will not cover you if you travel outside your coverage area, let alone the country. If you are someone who likes to travel, Medigap might be something you want to invest in.
You will never be kicked off of your Medicare Supplement plan. Many people worry about their insurance plans kicking them off or denying them renewal due to their health. With Medicare Supplement, you won’t ever have to worry.
With Medicare Supplement, you have many options to choose from. You can choose a Medigap plan that will fit nicely with your budget. It also gives you more options for doctors to choose from. You can pick a doctor you are comfortable with and one that can provide you that care that is specific to your needs; however, they must accept Medicare.
As far as the cons go, one of the biggest cons is you must pay premiums. Depending on the type of plan you choose, the average premium seems to be around $152. Medigap does not cover costs for dental, vision, hearing aids, eyeglasses, private-duty nursing, or long-term care by non-skilled care such as a nursing home.
If you are in an area where not many healthcare providers accept Medicare, your options may be limited in your healthcare providers.
Golden Plan Choice can offer assistance in helping you decide if Medigap is right for you. If you are interested in Medicap, we strongly encourage you to give us a call and speak with one of our representatives. They will be able to guide you in the right direction and get you the exact coverage your need. Not only do we offer Medicare Supplement, but we also offer a prescription drug supplement plan that can help cover the costs of your medication. Call today and ask us about how a Laredo, TX supplemental health insurance can benefit you.
Fun Facts for Laredo, TX
- Laredo is the only city in Texas that officially has seven flags.
- Each flag represents Spain, France, Mexico, the Republic of Texas, the Confederate States of America, the United States of America, and the Republic of the Rio Grande.
- It is the oldest boundary between Mexico and the United States.