List of Top Medicare Supplement Companies.

List of Top Medicare Supplement Companies.

With so many Medicare Companies it can be hard to pick one and know that you are going with a top company. So here is a little about Medicare Medigap and a List of Top Medicare Supplement Companies.

 

Medicare

Now just quickly what Medicare is.

In July 1965, under the leadership of President Lyndon Johnson, Congress created Medicare under Title XVIII of the Social Security Act to provide health insurance to people age 65 and older, regardless of income or medical history. Before Medicare’s creation, approximately 65% of those over 65 had health insurance, with coverage often unavailable or unaffordable to the rest, because older adults paid more than three times as much for health insurance as younger people. In 1966, Medicare spurred the racial integration of thousands of waiting rooms, hospital floors, and physician practices by making payments to health care providers conditional on desegregation.

Medicare has been in operation for a half century and, during that time, has undergone several changes. Since 1965, the provisions of Medicare have expanded to include benefits for speech, physical, and chiropractic therapy in 1972 (Medicare.gov, 2012). Medicare added the option of payments to health maintenance organizations (Medicare.gov, 2012) in the 1980s. Over the years, Congress expanded Medicare eligibility to younger people who have permanent disabilities and receive Social Security Disability Insurance (SSDI) payments and those who have end-stage renal disease (ESRD). The association with HMOs begun in the 1980s was formalized under President Clinton in 1997. In 2003, under President George W. Bush, a Medicare program for covering almost all drugs was passed (and went into effect in 2006).

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Medigap

we will go over what Medigap is. Medigap (also Medicare supplement insurance or Medicare supplemental insurance) refers to various private health insurance plans sold to supplement Medicare in the United States. Medigap insurance provides coverage for the co-pays and the        co-insurance related to Medicare-covered hospital, skilled nursing facility, home health care, ambulance, durable medical equipment, and doctor charges. Medigap’s name is derived from  that it exists to cover the difference or “gap” between the 80% covered by Medicare Parts A and B and the 20% that is not covered. As of 2006, 18% of Medicare beneficiaries were covered by a Medigap policy.

List of Top Medicare Supplement Companies

 

The best companies include; United of Omaha, Mutual of Omaha, AARP, Gerber Life, Woodmen of the World, Aetna, United Healthcare, Continental Life,

 

Have More questions? Give me a call at (475) 88CARLY / (475) 882-2759

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By MEDIGAP on Incline