So, by now you must be aware of the various policies and plans that have come up over the years for your medical needs. It can be planned or unplanned medical issues; you can fall back on your general Mediclaim policy along with Medicare supplement plans which are making foray into the market.
What is General Mediclaim?
It is a health insurance policy which has been designed to cover your medical expenditure, be it an illness, disease or accident. Medical issues can come up at any time. Mediclaim policies are renewable every year.
Healthcare costs are increasing day by day and having a Mediclaim policy has become imperative. There are various types of Mediclaim policies: Individual and Group Mediclaim policies.
Individual Policies – cover a single person. The calculation of premium is based on the age and health history of the individual.
Group Mediclaim or Family Floater Policies – are for the entire family, which include spouse, children, parents and other dependable family members. The premium is calculated based on the age of the oldest member.
Medicare Supplement Plans
These are new in the market; however they have a lot of potential. These plans supplement your original Mediclaim policy. Your general medical insurance may have many limitations like, non-coverage of pre-existing diseases, certain fees and equipment not being covered, nurses fees non – coverage and so on.
This is where Medicare supplement plans come in. Find one at https://www.medicaresupplementplans2019.comThey will cover up most of the loopholes.
In order to get a plan in this category, you have to have a general medical insurance, first. They have host of other features, as per which you can buy policies and plans based on your entry age. The lower the age when you enter the plan, the lower is your premium cost.
Another name for these plans is Medigap. It bridges the gaps in your general Mediclaim policy. You may not be covered for medical emergencies on foreign travel; however Medigap helps you with that.
Various Medicare supplement plans
There are a host of such plans from several private players in the market. They are denoted by alphabets with different features. There are ten different plans, namely A, B, C, D, F*, G, K, L, M, N and more. Each comes with a host of features.
You have to use your judgment to find out the best plan for you. It will definitely benefit you, with a real supplementary policy.