Medicare Supplement Plan D
2014 Medicare and Medigap Updates
Medicare Supplement Plan D
If you are considering enrolling for Medicare, then you might want to consider getting a Medicare supplement plan. There are quite a number of supplement plans available and this may make your choice slightly difficult, especially if you do not know what you are looking for. You need to be sure to check that the supplement plan you choose covers all your expected medical services that are not covered under the original Medicare.
It is a well-known fact that the most comprehensive Medicare supplement plan is Plan F. However, this does not necessarily mean that it is the best supplement plan for you. Some people find that other plans such as Medicare supplement plan D are more suited to their case.
Some people tend to be confused when it comes to knowing the difference between Medicare supplement plan D and the prescription drug benefit of Medicare, better known as Medicare part D. The two should not be confused as the former refers to medical insurance while the latter is Medicare’s offer on non-prescription drug medication. Moreover, Medicare supplement plan D is geared towards reducing or eliminating the out-of-pocket expenses associated with parts A and B of the original Medicare program.
At this point, you may be wondering how Medicare supplement plan D differs from other Medigap plans. Medicare supplement plan D can be seen as the mid-point of all the ten plans. This plan covers most of the gaps left in the original Medicare.
Some of the benefits that you will get should you choose to sign up for Medicare supplement plan D include coverage of part B coinsurance/copayments, coverage of Part A hospital costs and coinsurance for a period of 365 days after your Medicare benefits for the hospital costs are used up as well as coverage for part A hospice care coinsurance/copayments.
Other benefits that you stand to gain from choosing this supplement plan include coinsurance for skilled nursing care, deductibles for part A as well as coverage for foreign travel emergencies. However, unlike plan F it does not cover Part B deductibles or excess charges. As such, these two will come out of your own pocket if you choose to go with the Medicare supplement plan D.
Another distinct difference between Medicare supplement plan D and other more comprehensive supplement plans such as F and G is the pricing. Generally, the fewer benefits a plan offers, the less you have to pay in terms of premiums. However, as all individuals are different, you will have to compare Medicare supplement plan D with the other plans and base your decision on whether the savings you stand to gain are worth it.
All in all, the Medicare supplement plan D is one of the best plans available for individuals who want to get fair coverage with modest out-of-pocket expenses.