Globe Life Medicare Supplement Plans for 2019

Globe Life Medicare Supplement Plans 2019

So you are living in New York and considering supplementing your healthcare insurance with Medigap plans, Globe Life Insurance Company is your best bet. With Globe Life Medicare Supplement plans you gain access to a variety of supplement plans covering 10 out of 11 available packages.

The company’s specialization in Medicare plans is not the only feature that attracts the majority of clients towards these services rather the company also boost quick customer services to support its clients’ medical needs. The company is also backed by strong financial standing and high credit ratings.

Globe Life Medicare Supplements plans include Plan A, Plan B, Plan C, Plan D, Plan F, Plan F+, Plan G, Plan K, Plan L, and Plan N. As you can see, all the plans from basic to most extensive are covered by the company. The only excluded plan is Plan M which is similar to Plan D but leaves out half of the Medicare Part A deductible to be paid by the client.

Basic Coverage under All Supplement Plans

All the standard supplement plans offer some basic coverage and then some more. The basic components of cost coverage by every Medicare Supplement Plan include the following:

Hospitalization costs: Every Medicare supplement plan comes with Part A coinsurance and an added coverage of 365 hospitalization day on top of Medicare Part A allowed hospitalization;

Medical Expenses: They include a portion of Part B coinsurances;

Blood work: First three checks are covered;

Hospice Care: Most plans cover more than half of the Part A coinsurance from hospice care.

On top of these cost inclusions, there are different costs which are covered by different plans by Globe Life Insurance Company.

Globe Life Medicare Supplement Plan A

It covers all the basic out-of-pocket cost discussed above. It is the best option for those policyholders who want to keep their policy costs to the minimum.

Globe Life Medicare Supplement Plan B

The only addition to basic coverage which is supplemented by Plan B is the inclusion of Medicare Part A deductible.

Globe Life Medicare Supplement Plan C

Additional coverage in of this plan includes:

Coinsurance of skilled nursing facility,

Part A and B deductible, and

Travel emergency of up to 80%.

Individuals with lower health costs will go for this plan.

Globe Life Medicare Supplement Plan D

This plan is similar to Plan C with the only difference being the exclusion of Part B deductible from the latter package.

Globe Life Medicare Supplement Plan F

Medicare Supplement Plan F is an extensive coverage plan that allows individuals to gain insurance against all of their medical care costs. Its additional features include:

Coinsurance of skilled nursing facility,

Part A and B deductible,

Excess doctor fees and charges, and

Travel emergency of up to 80%.

Those individuals who want protection against all their medical care expenses consider this plan. It should be noted that 2019 is the last year to buy this plan as it will be discontinued in the coming year.

Globe Life Medicare Supplement Plan F+

As the name suggests, this plan is the variation of Supplement Plan F. The only difference between to two is that in F+ Plan, policyholders have to cover $2,240 under Medicare-covered cost before the Medicare Supplement plan start pitching in.

Globe Life Medicare Supplement Plan G

This plan is similar to Plan D with the only exception that it covers excess doctor consultation charges and fees.

Globe Life Medicare Supplement Plan K

This plan covers 50% of the following out-of-pocket costs:

Part B Coinsurance,

Blood tests,

Hospice care,

Coinsurance of skilled nursing facility, and

Part A deductible.

It should be noted that once the out-of-pocket limit of $5,240 is exhausted by the policyholder, they are eligible for 100% coverage from their insurance provider.

Globe Life Medicare Supplement Plan L

This plan is similar to the Plan K, with the only difference in the rate of coverage which stands at 75% for Plan L. At the same time, the out-of-pocket limit for healthcare expenses stand at $2,620 for this plan.

Globe Life Medicare Supplement Plan N

This plan is similar to Plan D and includes the following costs:

Coinsurance of skilled nursing facility,

Part A deductible, and

Travel emergency of up to 80%.

 The only difference is that this plan excludes copayment of office visits and emergency room visits which comes under coinsurance of Part B.

Wrap Up

The biggest advantage of considering Globe life Medicare supplement for your insurance needs is the variety of plans from which you can choose. Almost all viable options are covered by the company allowing you to get the best match for your healthcare needs.

2 thoughts on “Globe Life Medicare Supplement Plans for 2019

    • Author gravatar

      trying figure out this healthcare stuff with medicare is plan F+ the best if you don’t take medications? how much is it how much is the deductible ? does it go up every so often etc

      • Author gravatar

        Medicare Supplement Plan F+ was best option for different purposes in past years. I would not recommend it in recent years because of Congress decision to phase out this plan in 2020. This decision means that the premiums of related plans will sky-rocket in coming years.

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