Fast! When I say “Medicare Supplement Insurance,” what comes first in your head? Be honest with yourself. The very first thing that flashes for most people is “money.”
First, you have the monthly costs for the Medigap Plan – “Money.” Quality protection is not cheap. But we have to have the cover so we do not get stuck with bills “money” again.
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Given our culture and the current economic situation in our country, it makes sense to focus on the financial impact of Medicare Supplement Insurance on costs and benefits at it will come topmost in our minds.
While you cannot deny the importance of “money” in your decisions about your Medicare coverage, there is an advantage in having supplementary coverage that is as important, if not more important, and yet often completely overlooked ,
I am talking about access to care, quality of care. The ability to pay or prove the solvency of an insurance card is your master key to the world of quality care.
Now you may feel that providers need to offer treatment regardless of the patient’s ability to pay. That’s a wrong impression, and a potentially dangerous and wrong one at that.
The reality is that while no hospital can refuse treatment or give inappropriate treatment to a patient based on the ability to pay, assuming that the patient has a medical emergency, the hospital has the right to not treat an insured patients who is not having any medical emergency.
When a patient is determined to have a medical emergency, the patient must be stabilized. That’s it.
According to Nolo’s Plain English Dictionary of Law, emergency is defined as:
“A sudden, unforeseen event that requires action to protect life …”
Consider for a moment what that really means. If you happen to be in a hospital, you must be attended to by the health personnel, regardless of your ability to pay. If it is determined that your life is in danger, your condition will be stabilized until you regain consciousness.
But what if you are not in a medical emergency? What if your situation is long-term, chronic, rather than “sudden, or unforeseen”?
So, when you think about the money you will spend or are spending already on a Medicare supplement plan, you’re not just thinking about how the plan will pay the bills when you need them. Keep in mind that Original Medicare plus a Quality Supplement Plan guarantees your access to the best healthcare available that will have short and long term implications on your health and the quality of life you enjoy.
Keep in mind that the Medigap insurance policy that meets your needs and requirements may not be the same as the policyyou’re your your friends and family.
The two insurance decisions for over 65s, supplement and advantage plans, each offer benefits. However, if you qualify medically and you can afford a supplement plan, this is usually a better option for comprehensive coverage for seniors.