Medicare Supplement Plan H
Beginning June 1, 2010 Plan H will no longer be offered as a Medicare Supplement plan. Current policyholders should note that current Plan H enrollees will be dropped from their Plan H coverage.Medicare Supplement Plan H is a lot like Plan C. It covers the Basic Benefits that include hospital coinsurance, the Medicare Part B coinsurance which is generally 20% of outpatient expenses, 365 additional days of hospitalization coverage, and additional blood coverage. Plan H also covers Skilled Nursing Coinsurance and will cover 100% of the coinsurance and deductible for Part A coverage. It will also cover Foreign Travel Emergency coverage. Plan H will provide cost coverage up to 80% for any emergencies you experience overseas. It will not cover Medicare Part B Deductible. Hospice Care and the Medicare Part B coinsurance are also covered with Plan H, as well as an extra year (or 365 days) worth of hospital services after you used your Medicare coverage, creating a comprehensive coverage.
Be aware that Supplement Plan H coverage is limited to Medicare Approved charges. This means that if your health care provider charges more that Medicare will approve, you are responsible for any additional costs called Excess Charges. It does pay all of the approved costs of your services. Plan H also does not cover At Home Recovery or Preventative Care.
If you think Medicare Supplement Plan H might be right for you, you will want to ask your physician if they accept Medicare and that the procedures that you need are approved by Medicare Insurance. If that is the case, then all your medical needs will be covered by Plan H. There are different Medigap plans that may provide you with more coverage, but Plan H is good for people who want to ensure their basic necessities.
As mentioned before, policyholders that are currently enrolled in Plan H will not lose plan coverage or be forced to leave. Only people who are already enrolled in Plan H will be able to have Plan H coverage. There will simply be no more Plan H coverage sold after June 1, 2010.
It can be difficult to determine which plan suits your health and budgetary needs, and not all providers offer all of the Medicare Supplement Plans. Our trained specialists can help you find the plan that best fits your needs and budget. Most insurance carriers offer a variety of plans, so our specialists can help you shop around for the best price.
