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Most women will tell you that the essential piece of their daily arsenal is their handbag. Venture out without your purse? No way! A tornado is approaching. What is the first thing a woman grabs as she dashes for the basement? Well, her kids, of course, but the handbag is next. This article will feature how to C=choose a handbag may it be as a gift to a friend or for yourself.
Some of our most commonly asked questions around Medicare are:
What is Medicare Supplement?
Any American citizen over the age of 65, has the option to enroll in Medicare (if they are eligible for disability, they may also qualify before the age of 65). The basic Medicare plans (Parts A and B) cover most of the basic hospital and doctor expenses. Sadly, "most" does not mean "all". Expenses that Medicare does not cover - also referred to as "gaps" in coverage - are what supplemental insurance protects you from. Supplemental insurance is a private plan designed to cover medical expenses where Traditional Medicare falls short of the mark.
Who is Eligible for a Medicare Supplement Insurance?
If any of the following apply to you, then you may be eligible" to purchase Medicare supplemental insurance: You are currently covered under Medicare Parts A & B, You are within 6 months of turning 65, You are within 6 months of receiving Part B coverage, If you are about to lose your group health insurance plan. Please note that you may still be required to answer some medical questions about your overall health and wellness.
What is The Best Time To Sign Up for Medicare Supplement Insurance?
Because of Medicare enrollments' complicated rules, many seniors believe mistakenly that signing up for Medicare supplement insurance is similarly complicated. Luckily that is not true, you can sign up for supplement insurance at any time BUT the BEST time is during your Initial Enrollment Period. During the first 6 months of Part B coverage, your acceptance is guaranteed, regardless of your current level of health. The "Guaranteed Issue" Period. If you are on the verge of losing coverage through an employer, you will have a "guaranteed issue" period lasting 63 days where you can purchase any supplemental policy with no health questions asked. If you apply for Medicare supplement at any point outside of these time frames, you will likely have to go through the complicated process of medical underwriting and answering lots of invasive health questions.
Who Purchases Supplimental Insurance?
Whether you are on a fixed income or living in wealth - all seniors can benefit from a Medicare supplement insurance policy. While Medicare provides standard coverage to every beneficiary, regardless of income. It does not provide 100% coverage of your medical costs. Therefore, the more vulnerable you are to the gaps in Medicare coverage, the more you can benefit from the protection of supplemental insurance policy.
Where Do I Purchase Supplemental Insurance?
You have a variety of options. While some prefer to look up nearby agents in their local Yellow Pages, the truth is that you'll get the best deal by doing your research and shopping around online. With the power of the internet, you can get more and better offers from several major companies who are all competing for your business.
How to Save Money!
All 10 available Medicare Supplement Plans are standardized by Medicare - this means that each plan offers identical benefits, regardless of where you live or what company is handling your policy. Therefore, the only difference is in price. And the best way to get the best price is to compare plans online and save!