If you return to Original Medicare during the Annual Election Period (October 15th – December 7th), you could be eligible for a Medicare Supplement plan. Know your options.
First and foremost, our thoughts and prayers are with those families, friends and neighbors, including our own employees, who have been affected by Hurricane Harvey and its aftermath.
On July 30th, 1965, President Lyndon B. Johnson signed the bill that would lead to the implementation of Medicare and Medicaid. Back then, the program included Medicare Part A, hospital insurance, and Medicare Part B, medical insurance. Today, Parts A and B are called “Original Medicare”, and continue to help Americans with their healthcare costs.
Plan G offers comprehensive coverage for costs Medicare does not cover. It is identical to Plan F aside from one difference: Plan G policyholders must pay the Medicare Part B deductible.
The history of Medicare Supplement, or Medigap, plans goes back to the 1980’s. In order to strengthen consumer protection, the government created a voluntary program that would allow Medicare recipients to gain coverage for gaps in Medicare.
When Medicare is used with other health insurance, each type of coverage is called a “payer”. With more than one “payer”, we refer to a rule called the “coordination of benefits” to determine which one pays first, also known as the “primary payer”.
The statue of liberty was very short on funds during much of its construction. A sculptor named Frederic Auguste Bartholdi was commissioned to design the statue in France. When it was sent to the United States, the pedestal it was supposed to rest on was not completed.
Whether you are an avid traveler or looking forward to traveling overseas, and a Medicare beneficiary with Original Medicare, Part A and part B, you should take into consideration a supplemental coverage product.