With so many people losing their jobs and being out of work, many have also lost the health insurance coverage that came along with their employment. Often times this health insurance (not Medicare) not only covered the employee but his/her family as well. Being able to pay for hospital and doctor visits is really difficult these days. So many people do not have any kind of health insurance to pay or even help pay medical expenses. Thankfully for many of the elderly and disabled they have Medicare. People you have paid into Social Security can get Medicare when they turn 65 years old. People who are disabled and receiving a Social Security disability benefit get Medicare when they have been receiving a check for twenty four consecutive months. With some disabling conditions you don’t have to wait twenty four months to get Medicare. One of those is chronic renal failure. Medicare Supplemental Insurance Hawaii takes care of these gaps ensuring that you don’t get partial treatment for your sickness.
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What can Medicare Supplement Insurance Hawaii do for me?
Medicare is like most insurance. You have to pay copays and deductibles. Then Medicare only pays 80% of what is considered the customary charge in your part of the country for a particular medical procedure. You may go to doctor and after paying the copay, meeting your annual deductible, and then paying what Medicare doesn’t consider reasonable charge, your out of pocket expenses can be pretty big. Because of this many people get insurance to supplement their Medicare coverage. The supplement helps with what Medicare doesn’t pay.
The benefits of Hawaii Medicare Supplemental Insurance are immense. Medicare has two parts… A and B. Part A is what helps pays for hospital charges. Medicare Part A is free to people who have paid into Social Security. Medicare Part B is what helps pay doctor’s charges. There is a premium for the Part B. This year, 2011, it is about $110 a month and is automatically taken out of people’s monthly Social Security check. Some people who qualify as lower income may not have to pay the Medicare Part B premium. People who receive Supplemental Security Income (SSI) and who also have Medicare do not have to pay the monthly premium. The state pays it for them. Some people who may not quality for SSI but are still considered having lower income may be able to get their Medicare premium paid for them by the state under a program call Qualified Medicare Beneficiary (QMB).
There is also a newer third part of Medicare that has been around for a while called Medicare Part D. The D stands for drugs..as in prescription drugs. When in the hospital the Part A covers medications given but Medicare has never paid for or help pay for prescription medication until the implementation of Part D. Part D is administered by private insurance companies. One needs to shop around for the best Medicare D coverage for them and the particular medications they take. One company may cover a particular medicine that another does not. It’s recommended that when looking for Medicare D coverage that you consult your pharmacist. The only involvement that Social Security has in the Medicare D program is screening people to see if they qualify for a subsidy to help pay all or part of the premium. Each insurance company has their own monthly premium.
To apply for Hawaii Medigap, collect quotes from as many companies as possible that offer the service. This is for the purpose of price comparison. Go through each of them before making the all important decision of committing yourself to the plan.
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