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Seniors Seek to Reduce Healthcare Costs as Premiums Increase Says MedicareSupplementPlans.com
Date:5/27/2009

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That raises the question: “If I’m trying to save money, why purchase a Medicare supplement insurance plan?” There is a common misconception that Medicare pays 80 percent of a senior’s healthcare costs. What Medicare actually pays is 80 percent of the amount it has approved for a particular health care service, not 80 percent of what the doctor actually charges. Medicare’s “80 percent” might, for example, cover only 50 percent of the doctor’s bill, often making a Medicare supplement insurance plan essential for senior citizens’ financial well-being.

Larry Peschek, 78, of Thousand Oaks indicated that his insurance broker, a representative at MedicareSupplementPlans.com, “helped my wife and me get a Medigap policy that saved us money, but still had the same benefits.”

Additional information is available by calling Medicare at 1-800-633-4227.

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Read the full story at http://www.prweb.com/releases/MedicareSupplementPlans/05-27-09/prweb2457834.htm.


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