Medicare supplement insurance

Medicare is a entilement act passed in 1966 under the President Lyndon Johnson. The act provided medical benefits for seniors 65 years of age or disabled individuals recieving federal disability benefits. The benefits recieved change yearly. You must be enrolled in both parts A and .b to purchase medicare supplement insurance or medicare advantage plans. Medicare is a fee for service major medical plan.

Medicare supplement plans have been standandized by federal regulations. All insurance companys can offer any plan they chose. There are plan offerings A thru J with different benefits and rates. Plans issued directly by an insurance company cannot not be caneled. They are guaranteed renewable. plans offered by associations with a 60 day notice can cancel or change there rates.

It is important to note medicare supplementals do not provide coverage in nursing homes assisted care faculities, convalesant care faculties or day care centers or extended help in your home . You must purchase seperate plans to be covered. Review your social security statement for more details. With out considering long term care plans your life savings is threatened, Call 813-818-4485 for quotes and proposals.

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