Medicare Supplements Available 2011

Online, December 9, 2010 (Newswire.com) - Don't Let Retirement Be A Scary Situation For You !

Are you concerned about turn 65? Do you wonder how your retirement benefits will take care of the things that are most important to you? Retiring can be a very scary situation if you are not prepared and haven't done you homework. As you are probably aware, when you turn 65 you are automatically enrolled in Medicare. This will begin on the first day of the month that you turn 65. That is a relief when you start to think about costly medical service have become these days. But there is something that you may not be aware of that could help you even more. It is called Medicare Supplemental and it is a policy that could save you hundreds if not thousands of dollars. Let's take a look at how it works.

As was stated earlier, once you turn 65 you have Medicare coverage. Medicare is broken up into two parts. Part A is essentially your hospitalization coverage, and will also cover emergency services and nursing care facilities. Part B is you medical coverage. It will cover doctor visits, outpatient services and some medical equipment. Medicare Part B has a monthly premium payment required that is made payable through your private insurance provider. It also requires a co-payment and deductible on approved services and procedures. Medicare will cover 80% of services and procedures, leaving you with the remaining 20% that is your responsibility. If you are in excellent health the 20% will not be a problem for you and it may be fairly inexpensive. However, if you have a severe medical condition that requires a lot of attention then your 20% portion could get quite costly and if you are on a fixed monthly income this could spell disaster for you. By getting a Medigap Insurance policy you can advert the disaster before it starts. Once you are enrolled in Medicare you are eligible to get a Medigap policy that will cover you 20% at 100%.

A Medigap insurance policy can be purchased through your private insurance agent during the open enrollment phase. It comes with a small monthly premium and is designed to work along side Medicare to give you the peace of mind you deserve as you enter into the golden years of your life. Don't let retirement be a scary situation for you. Take action and get the coverage you need at a premium rate you can afford.

If you are turning 65 and need more information call toll free 888.533.3254

Helpful links: You and Medicare and www.Medicare.gov

Carriers: Mutual of Omaha Medicare Supplement , Forethought Medicare Supplement