Supplements will cover your part A and B coverage. Medicare was created to help those over 65 or on disability
to pay for medical expenses. However it was not created to cover everything. Medicare will continue to pay its
amount, which is 80% of your Medicare covered services of your medical bill. Supplements will pay the remainder
of the bill.
There are 11 plans (A, B, C, D, E, F,G, H, J, K, L) available to choose from, and they are the same for
every company. Companies do differ on what plans they offer, and the amount they charge for each plan which
is usually based on how efficient they are with the plans.
Premiums are based on three pricing methods. The first is called "community rating" and this means everybody pays
the same premium regardless of age and goes up only when there is a state-wide increase. The second is called "issue
rating" and is based the age when you enroll and does not go up unless a price increase is approved. The third is called
"attained age rating" which means younger people pay a lower premium, however their premiums go up each year they age increases.
*Although you do not have to pay any copays, some plans require you to meet your medicare deductible ($135 yearly).
Also, some plans require you to pay excessive charges. Some plans have an out-of-pocket maxium limit, while others do
not.
