New Medicare Supplement strategy will present a collection of options ranging from widespread coverage that bridges Medicare gaps, to the availability of packages presenting reasonably priced monthly premiums and more unsurprising co-payment structures that promote wellness by making doctor’s visits more reasonable for beneficiaries
“The updates to the Medicare Supplement health advantage plans are salutation news for Medicare beneficiaries during these harsh economic times because the policy align the payback with the fresh updates made to the Medicare program,” said Krista Bowers, president of BCBSGA Senior Business.
“The new efficient Medicare Supplement plans offer peace of mind, practicality and affordability that is in tune with today’s Medicare landscape.”
The new Medicare complement plans are a result of the Medicare Improvements for Patients and Providers Act (MIPPA) of 2008 that endorsed a new set of Medicare Supplement insurance plans to replicate the requirements of today’s Medicare beneficiaries.
A Medicare Supplement policy is a supplemental health insurance plan sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medicare Supplement policies help pay some of the health care costs that the Original Medicare Plan doesn’t cover.
If an individual is enrolled in the Original Medicare Plan and has a Medicare Supplement policy, then Medicare and Medicare Supplement will pay both their shares of covered health care costs
Although as of June 1, 2010 the current Medicare procedure referred to as “standardized” plans will no longer be open for new sales or new association, Medicare beneficiaries who are at present enrolled in a “standardized” or “pre-standardized” Medicare Supplement plan can preserve their recent plans as long as their premium expenditures are recent.