If you had hoped to travel during retirement, be aware that Medicare won’t pay a dime for any emergency medical care you might need while traveling abroad. Seven Medigap plans will cover 80 percent of your emergency medical care even though you’re traveling through a foreign country. These plans cover you for up to 60-day trips with only a $250 deductible. Check each plan for a lifetime maximum, though, to be sure you get what you expect. The knowledge of this is still vital for Medicare Supplement Plans 2019.
Part A will also pay for 20 days in a skilled nursing facility so you can care for yourself when you return home. If you need more than 20 days, you have to pay for part of the daily costs, which is called a coinsurance amount. Eight of the Medigap plans pay for that coinsurance amount that you’re charged after 20 days. 2019 Medicare supplement plans cover your annual Part B deductible of $155 for doctor services. This deductible has been increasing each year so Medigap pays for 100 percent of Medicare deductibles for any given year. Even after you meet the Part B deductible, you’re only covered for 80 percent of Medicare’s pre-approved amount. When doctors don’t accept that Medicare-approved amount, they bill you for the difference between what Medicare will pay and what they can legally charge. As we all know, doctors charge vastly different amounts for the exact same procedure. Medigap Plan F pays for 100 percent of all these excess charges. That can really cut your out-of-pocket fees! For a slightly lower premium, Plan G pays for 80 percent of the doctor’s excess charges.
If you’ve kept your insurance premiums low with high-deductible policies before you turned 65, you’ll be happy to hear that certain insurers also offer high-deductible versions of Medigap Plans F and J. These plans pay the same benefits as the standard versions of Plan F and J after you meet a $2,000 annual deductible. Keeping your health care costs under control is also a must. With a choice of 10 Medigap plans, you can pick and choose the benefits you need. As long as you’re relatively healthy, you’ll be able to change plans whenever your situation requires a different set of benefits. Without a Medigap supplement, you may find out far too quickly how the gaps in Medicare’s coverage really pile up and threaten you with out-of-control health care charges.