Medicare Supplement Plan C
Medicare supplement plans are those federally defined insurance packages which tend to cover those health care and Medicare-related costs which seniors have to pay out-of-pocket in the presence of their Medicare benefits.
These plans are often named as Medigap plans because they bridge the gap left wide between an individual’s healthcare costs and their Medicare coverage.
Another solution for seniors for covering excess out-of-pocket costs left after Medicare coverage is acquiring Medicare Advantage plan. But for most policyholders, this option is not viable because of increased limitations it puts on the choice of doctors and hospitals. At the same time, Medicare Part C, or Medicare Advantage, is not available in every region of the country. Those folks who love to travel a lot will prefer buying Medicare Supplement Plans because of their network in every state across the country.
People tend to bridge the coverage gap to gain help in paying for Part A and B deductibles, coinsurances, and excess charges. Some people go for plans with more extensive coverage because of their sky-rocketing healthcare needs. Others prefer lean insurance with minimum features covered. This choice depends on individual health and lifestyle needs as well as the available budget.
Medicare Supplement Plan C is one of the most preferred choices for senior citizens. The plan is attractive because of the high coverage it promises. Let’s see what does this plan offers:
What is Included in the Medicare Supplement Plan C?
Medicare Supplement plan C is one of first in the whole series which covers skilled nursing facility care and also pitches in for Part B deductible.
Coverage of the following costs defines this plan:
- Coinsurance of Medicare Part A together with hospital stay costs after exhaustion of Medicare allowed hospital days,
- Coinsurance or copayment of Medicare Part B,
- Coinsurance or copayment of Part A hospice care,
- First three pints of blood,
- Coinsurance of skilled nursing facility care, and
- Deductibles of Part A and B.
At the same time, the plan covers 80% of foreign travel insurance.
What is NOT Included in the Medicare Supplement Plan C?
It appears that the Medicare Supplement Plan C covers almost all healthcare related costs with only Part B excess charges left an exception.
Who Would Prefer Medicare Supplement Plan C?
With only one exception of Medicare Part B excess charges, the plan covers every health-related cost of the policyholder. This extensive plan eliminates the concept of out-of-pocket costs from the everyday life of its holders. At the same time, the plan increases the fixed costs that materialize in the form of premiums. Those individuals who want certainty in their yearly healthcare costs would prefer this plan or any other extensive Medicare supplement plan.
Medicare Supplement Plan C offers extensive coverage of policyholders’ healthcare needs. This plan is among others who offer all or almost all the costs of medical care. The only cost which is excluded from the coverage of Medicare is Part B excess costs. Those individuals who do not use medical facilities much would do well with this plan.