Woodman/Assured Life Medicare Supplement

Many private insurance companies sell Medicare supplements to fill the gaps that are existent in traditional health plans. This would help the insured towards subsidizing costs to a considerable extent while seeking treatment for specific services which otherwise wouldn’t have been possible with traditional plans.

When a person has carefully assembled both a Medicare and medical policy, he or she can be content over the fact that most of the major expenses with regards to getting medical treatment are well taken care off by the two policies respectively. The nature and scope of these supplement policies can vary from one another and it would be prudent for all people to study their types in detail before picking the one is most suitable for your requirements.

Also most of the major insurance companies offer almost the same kind of benefits from Medigap Plan A to Medigap Plan L. Also it should be noted that it is up to the insurance company on which Medigap policy it would be willing to sell to its customers.

Woodman/Assured Life Medicare Supplement offers the benefactor a comprehensive list of services that can take care of all the costs related to your medical needs. There are different types of plans to cater to specific requirements and this makes it an apt for people on the lookout for a worthwhile Medicare supplement. The company has also joined hands with a number of companies to provide some highly productive fraternal benefits to its members and their families.

Ideally it is required for investors to have Medicare Part A and Part B to be eligible to buy a Medigap policy. In the case of Medicare B, monthly premiums need to be paid out. And for those who require extra coverage will have to in addition make payment premiums on Medigap polices. It is also recommended that spouses have individual Medigap policies because they cannot be used to address your partner’s medical expenses.

Medicare insurance is ideal for people who are: -

• People below the age group of 65 suffering from some form of disability.
• People above the ages of 65 and over
• People of all age groups known to be suffering from last stage renal disease (permanent kidney failure that required transplant or dialysis).

Part A: Hospital insurance

If the insured has a Medicare Plan A insurance, then the all expenses while being admitted in the hospital would be taken care off. This plan is inclusive of important hospital procedures or services and also comes with expert nursing facilities. On the flip side, the plan does not cover custodial or long time care. The beneficiaries of this plan would have to meet some conditions if they were to enjoy these benefits.

Issue of cost: People who qualify for Medicare Plan A would have to premiums on a monthly basis. It is also possible in many families where one of the partners does not have to go in for the Medicare plan as the other spouse already has it.

Part B : Medical Insurance

This part of Medicare offers coverage for both doctors care and out patient costs as well. Apart from that Part B also makes for lost ground where it covers those medical services that do not fall under Part A. These include medical treatments of therapists and the several types of home care, which the patient requires to recuperate completely.

Issue of Cost: Premiums must be paid on a monthly basis to avail the benefits of Medicare Part B. The rate of premiums could escalate a little if the person does not immediately apply for this plan when he or she becomes eligible for it. The greater you delay the higher the costs rise with each succeeding year. It should be noted that the charges for this plan increase at the rate of 10% each year once the person becomes eligible for it.

Moreover people would also have to pay a penalty when they decide to sign up for Plan B. This would continue until the time period the plan becomes effective. Hence it would be wise to go in for Plan B as soon as you become eligible for it. Apart from that beneficiaries would have to also pay deductibles for the plan on a yearly basis before Medicare pays up its own contribution. Members can request the State for funds towards paying your premiums and deductibles. It should be noted that premiums and deductibles of Medicare can vary with every passing year.

Prescription Drug Coverage (Medicare Part D)

In this type of plan, most of the people pay their premiums on a monthly basis. As of January 2006, prescription drug coverage is also offered by private insurance companies to all Medicare benefactors. Through this coverage, the patient can considerably reduce costs of prescription drugs. This can be very helpful for people who have been prescribed drugs on a long-term basis and could help reduce costs substantially. Different kinds of drug plans are available and an informed decision can me made based on requirements. It should also be noted that you might have to pay a penalty if you decide to enroll for the prescription drug coverage some time later down road and not when you became first eligible.

Benefits of Woodman/Assured Life Medicare Supplement

Educational Benefits:-

There are many usueful scholarship programs that are offered to members along with their families. These include New beginnings senior scholarship and National scholarship program. There is also an online educational site, which offers relevant information on college entrance, monetary aid, scholarships and other related information.

Heath and Security Benefits: - Carreington International Corporation offers members and their families a couple of alternatives where they can avail discounts to the tune of 15-62% on hearing aids, dental, vision as well as supplies for diabetic testing. Some of the other benefits that come with this includes expert legal services, identity theft insurance, expert legal service, nurse line and 24 hr. counseling sessions.

Members can waive off the activation charges related to the personal response service, which is offered by Lifeline. You can also procure discounts on prescription drugs be enrolling in ScriptSave. Discounts can also be availed on Global Med Net medical information and other services.

Life benefits: - These are inclusive of orphaned child insurance, new born protection plan and ‘my final wishes’ estate planning services. Policy members can avail these benefits.

Travel benefits: - Members can a draw a discount of up to 10% while renting cars from Hertz rental service in the US and overseas as well. Also Collette vacations offers members attractive travel deals to over 180 locations.

Woodman/Assured Life MedicareSupplement offers a comprehensive insurance product for investors looking for an appropriate Medigap policy. The company enjoys the best of ratings in the industry and generated tremendous goodwill among the community over the years.

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