(855) 760-2227

Medicare Advantage Plans

Starting At $0/ Month

Just give us a little information,
and find out if you have $0 Premium Plans in your area.

How to Save Money on Medicare Supplement Using the Med-Select Option

For many seniors, Medicare is a big help. It covers a substantial amount of medical bills. But, it wasn’t designed to pay for everything, and it doesn’t. Unfortunately, if you rely exclusively on Medicare to pay your healthcare bills, you could be facing significant out-of-pocket costs. And that’s why some seniors turn to Medicare Supplement, to help shoulder some of these costs.

With a number of different benefits and plans to choose from, finding one that fits your needs isn’t complicated. But if cutting costs is your goal, the money-saving Med-Select option may be the right choice. Here’s how this option can help you save on Medicare Supplement premiums.

Understanding the Med-Select Option

Medicare Supplement insurance is offered to anyone with Medicare. While each plan is different, some plans are available in both a “standard” option and a reduced premium version, or a Med-Select option. Both the standard and the Med-Select options offer identical benefits but have different restrictions.

With Med-Select, you pay a reduced premium in exchange for agreeing to use one of the hospitals in the Medicare Select Network for all of your treatment. Med-Select plan benefits are the same as standard plan benefits, but premiums cost less. For example, if you choose Plan F, either Med-Select or Standard option, your Part B deductible will still be covered, as will any excess charges.

Protect Yourself From the Bills Medicare Won’t Pay

Medicare Select is available as an option only with certain plans, and companies are not required to offer Med-Select with every available Medicare Supplement standard plan. With the Med-Select option, you agree to use one of the Med-Select hospitals for all non-emergency care. If you do not, then you are responsible for paying the Part A deductible and any other non-covered charges.

Only certain hospitals are network providers and it’s important to check with your doctor to see if he or she is included. To qualify for the Med-Select option, you must live within 30 miles of a hospital in the Medicare Select Network.

 

References:

https://www.bcbstx.com/medicare/med_select_option.html

MUC55-2017-BCBS

Leave a Reply

Your email address will not be published. Required fields are marked *

Testimonial Jenn, Thank you for helping me with this, what I thought was a confusing task, you have made it simple and very pleasant. You are an excellent professional. Once again, you are absolutely the best. Thank you for making it so easy and solving a very unsettled status in my life.” S. Randall, Refugio
Testimonial With Jenn’s help, I found a plan that was perfect for my wife and I retirement needs and saved us money from what we had been paying. Thank you for always answering our questions, calls and emails. C. Richards, Houston
Testimonial Lesli’s professional manner and her ability to explain the policy to me made my decision to select a supplemental policy for my retirement an easy one. I would highly recommend her to my friends. Thank you Ronald Hornburg, Cypress

Latest News

Read all the news

Why Choose Consumers Direct Insurance Services of Texas?

Looking for a unique and genuine insurance experience? We’re here to help! We know that dealing with insurance isn’t always…
Read more

Medicare Part A and B Explained

Like most seniors, there’s a good chance you’ve heard of Medicare – you may even know that it’s a federally…
Read more

Is Medicare a Advantage Good Deal?

Medicare Advantage (MA or Part C), is a popular alternative to traditional Medicare. Since 2010, enrollment increased by 71 percent,…
Read more

Medicare Readiness Checklist

9 to 12 months before you turn 65 Confirm that you are eligible to receive Medicare benefits by calling the Social Security…
Read more

Medicare Annual Enrollment Period – 5 Questions and Answers

The annual Enrollment Period (AEP), is the one time of year when you can make changes to an existing Medicare…
Read more