Medicare Supplemental Insurance
Details about coverage, policies, and benefits are listed below. Universal Financial and Insurance Agency has different plans available. Please read a brief description of the Universal Financial and Insurance Agency
Medicare Supplemental Insurance in New Jersey.
Medicare Supplement Insurance is designed to help cover the deductibles, coinsurance and co-payment amounts not covered by Medicare. Once you have a Medicare Supplement Plan, both your plan and Medicare will help pay your covered medical expenses, lowering your out-of-pocket costs and giving you the confidence that your health insurance needs are met. And at Universal Financial we give you the flexibility to choose between different plans to meet your individual needs and budget.
A brief description of the Plans and the coverage provided by the Plans follows.
Plan A
• Part A coinsurance, plus coverage for 365 additional days after Medicare benefits end
• Part B coinsurance
• Hospice coinsurance
• First three pints of blood each year
Plan C
• Part A inpatient hospital deductible
• Part A coinsurance, plus coverage for 365 additional days after Medicare benefits end
• Skilled nursing facility coinsurance
• Part B deductible
• Part B coinsurance
• Hospice coinsurance
• First three pints of blood each year
• Emergency care in a foreign country — 80% of the cost of emergency care beginning during the first 60 days of each trip, after you pay a $250 deductible, subject to a $50,000 lifetime maximum, if such care would have been covered by Medicare if provided in the U.S.
Plan F
• Part A inpatient hospital deductible
• Part A coinsurance, plus coverage for 365 additional days after Medicare benefits end
• Skilled nursing coinsurance
• Part B deductible
• Part B coinsurance
• Hospice coinsurance
• First three pints of blood each year
• Emergency care in a foreign country — 80% of the cost of emergency care beginning during the first 60 days of each trip, after you pay a $250 deductible, subject to a $50,000 lifetime maximum, if such care would have been covered by Medicare if provided in the U.S.
• Part B excess — 100% of the excess charge above Medicare’s reasonable charge if medical provider does not accept Medicare assignment, subject to Federal/State mandated limit
The Importance of Individual Medical Coverage
Individual medical coverage provides the essential benefits required under the Affordable Care Act. The Act states that most Americans must obtain health insurance with essential coverage or pay a tax penalty. And even if you pay the penalty, you still won’t be insured.
Qualifying for Subsidies
Universal Financial and Insurance agents can help you purchase Individual Medical insurance through the Federal or State Marketplace that can lower the amount you spend on your monthly premium through advanced tax credits and/or subsidies. Under the Affordable Care Act, Americans making between 100% and 400% of the federal poverty level may qualify for a health insurance subsidy. Contact your Universal Financial and Insurance agent to see if you qualify.
Contact your Universal Financial and Insurance agent for additional information about individual medical health insurance.