Equitable National Life Medicare Insurance Plans

equitable national life insurance, Equitable National Life Medicare Supplement Plans

So you are turning 65 this year. Or maybe you have decided to switch your Medicare Supplement provider or plan considering a change in your medical priorities and needs.

These supplement plans, which are standardized by the government but are offered by the private sector insurance providers, come in ten different packages. Equitable National Life Medicare Insurance is one of the top-most Medicare Supplement services available because of the attached financial feasibility of the providing company.

Equitable National Life Insurance Company provides four different Medicare Supplement Plans out of ten packaged by the government, including:

  1. Plan A
  2. Plan F
  3. Plan G
  4. Plan N

Out of these, three are the most sought after supplement plans which cover the needs of the majority of beneficiaries. These three plans, Plan F, G, and N, offer extensive coverage. Plus, these plans are also supported by the private entity which packages them in premium products and offers additional benefits. These additional benefits offered by Equitable National Life Insurance Company include:

  • Portability of coverage, the individual will be eligible for receiving benefits even when he/she changes employment;
  • Guaranteed renew-ability, the individual has to right to renew the plan once policy period is expired as long as its premiums are paid;
  • Fixed rate for up to 12 months; and
  • Unlimited lifetime benefit.

In addition to these entity-based benefits, these plans come with their inherent benefits and insurance coverage. An overview of these plans is given below:

Equitable National Life Medicare Insurance Plan A

It is the most basic supplement plan and covers:

  • Medicare Part A and B coinsurance
  • Hospice coinsurance
  • Hospice co-insurance
  • Benefit for blood

It should be noted that this plan does not attract premium status within Equitable National Life Insurance Company. Consequently, the buyers may face difficulties in portability of coverage, changes in premiums, and renew-ability.

Equitable National Life Medicare Insurance Plan F

This plan attracts most shoppers because of the extensive coverage it provides, despite higher associated costs.

New buyers should note that the sale of this plan will be discontinued after 2019 resulting in a further rise in costs in later years.

By extensive coverage of this plan, we mean that the plan protects buyers from out-of-pocket costs including:

  • Medicare Part A and B coinsurance and deductible
  • Part B excess costs
  • Hospice care coinsurance
  • Additional days in hospice care
  • Skilled Nursing facility care coinsurance
  • Preventive care coinsurance
  • Foreign travel healthcare

Equitable National Life Medicare Insurance Plan G

Plan G is the second most preferred supplement plan among buyers and covers all benefits which are included in Plan F except Part B deductible. If you are a big fan of Plan F but do not want to face rising premium costs that would come with aging insurance pool, Plan G is your best bet.

Equitable National Life Medicare Insurance Plan N

This plan is expected to be the second most popular Medicare supplement plan for 2019. It gives a unique blend of coverage and flexibility and is most suitable for those beneficiaries who do not have extensive medical care needs and can do well without frequent doctors and emergency room visits. The two differences which separate this plan from Plan F include lack of coverage for Part B deductible and Part B excess costs. In essence, this plan includes coverage of:

  • Medicare Part A and B coinsurance
  • Medicare Part A deductible
  • Hospice care coinsurance
  • Additional days in hospice care
  • Skilled Nursing facility care coinsurance
  • Preventive care coinsurance
  • Foreign travel healthcare

Wrap Up

Beneficiaries, buying the Equitable National Life Medicare Insurance Plans, should compare different supplement plans and match them against their own needs. Some beneficiaries may decide taking more extensive plans to cover their exceeding medical needs while others may do well with basic supplement plan such as Plan A.

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