Illinois Medicare
If you are an Illinois Medicare enrollee, it’s time for you to consider purchasing additional coverage to protect your finances in the event of a major health event. Here’s why:
Deductibles
Illinois Medicare enrollees are often blindsided when they receive hospital bills they thought were covered by Medicare. But Medicare doesn’t cover everything. In fact, unless you purchase additional coverage via a Medicare supplement plan – also called a Medigap plan, you will be on the hook for significant health care costs, even though you have Medicare. Specifically: Medicare Part A still leaves you with a $1,132 bill for a hospital stay of between 1 and 60 days. After that, you will have to pay $283 per day to the hospital for days 61-90, and $566 per day for days 91 through 150.
Furthermore, Medicare Part B only covers 80 percent of your physicians and lab fees, at best. Medicaid’s Illinois enrollees must pick up the rest. That’s money you’ll pay out of your own resources.
You may also experience deductibles in your Medicare Part D prescription drug coverage. To plug the gaps, and to avoid paying unexpected significant health care costs out of your own pocket, you may wish to purchase a Medicare supplement plan.
Medigap Insurance
Illinois Medicare supplement insurance helps cover the items that Medicare doesn’t cover. There are a variety of approved Illinois Medicare supplement plans available. You can choose plans that provide very basic coverage or more extensive plans that provide special benefits to frequent overseas travelers, or include coverage for prescription drugs, for instance.
Purchase Illinois Medicare Supplement Insurance
To get a quotation for Illinois Medicare Supplement insurance, simply use our online quoting engine at www.abchealthplans.com. It’s free!