SurvivingInfidelity.com^®

A basic Math puzzle for those of you who would like to tackle one. After calling my Insurance agent today and not getting much clarity, and then hours spent going through 18 months of Medicare statements, it looks like my insurance company has been making BIG money on my Supplemental (Medigap) policy. The company has paid only 20-25% of whatever Medicare Allowable Billing was submitted during that time, for all my doctors and/or hospitals. The difference averages out to be 4 times what I THINK I'd have paid those hospitals or doctors!

But I don't know...and since this insurance policy is going up a hefty 20 percent starting next month, it's a burning question! I know this could get to be a complex topic, but I have an agent, have asked lots of questions, yet remain puzzled about something I think they may not have explained clearly to me, and wondering if perhaps that's a part of the "sales pitch" of any insurance company rep. You know: In CASE of a catastrophic medical condition....whereas in 10 years of having Medicare I haven't seen any such bills from the many providers and hospitals I have visited.

So I'm really wondering why couldn't I just keep my Medicare Part B (that is automatically deducted from benefits) and just pay that 20 percent of any medical bills I incur, and maybe come out far ahead if I'm not going "out of network" anywhere? All the hospitals and doctors I have seen accept Medicare billing.

My fear is if one doesn't have a Supplemental Policy, do hospitals and doctors suddenly come out and demand their 'full amount' from the patient, if all they present at admission is their Medicare Part B? Or must the hospitals and doctors adhere to billing through Medicare (as I understood) and I just would pay the 20 percent of that much lower amount? All my doctors and hospitals fully accept Medicare Assignment.

I know it could be a different situation, if one had to go somewhere they did NOT accept Medicare Assignment.

Thanks in Advance....

[This message edited by Superesse at 12:32 AM, Thursday, May 28th]

I should have put in the Title "Medigap" or Supplemental Medicare Insurance. THAT's what the post is about, not basic Medicare which has been kind to me.

When we were signing up for Medicare and looking at supplement(gap) plans, we did NOT go to an insurance agent. Not even a broker.

Our state has an advocacy agency (SHINE) which has volunteers that work with you to figure out what is the best supplement plan depending on YOUR priorities (not some insurance sales person). I think most states have a similar advocacy organization. But my state also has some pretty strict guidelines for insurance companies that want to offer their services to Medicare patients. And fwiw... I can't tell you how many people told me NOT to get an Advantage Plan - the only person I know who got one, went in and changed her option during the grace period.

Yes, you could keep just your Medicare B and drop the supplement, but yes, if there's a catastrophic event, are you prepared to pay all of the co-pays? If so, then that might be your priority. You're asking some good questions and the answers are all personal depending on the risks you're willing to take. Personally, I've had enough serious medical events (prior to Medicare) that make me realize how expensive it can get. I think you're right about most health care professionals taking Medicare. My PT does not; and my therapist/psychiatrist does not. But again, MA is pretty strict with insurers who want to do business here, so because there's a shortage of therapists/psychiatrists who take Medicare, our supplemental plan is required to offer Medicare benefits to patients who see out-of-network therapists. I do have to get an invoice from her, then submit it myself, but they actually pay 100%!!

Good luck figuring it all out!

Thank you number4! I just wonder what sort of catastrophic event wouldn't involve going to either a hospital/med center/specialist, who DOES accept Medicare? Scratching my head....

I do understand about drug costs getting crazy, because my cheap, zero-monthly-premium Plan D drug insurance doesn't include the brand-name Rx my cardiologist would prefer I take, and for some reason the release of a generic of that popular drug has been held up for several years - but only in the USA. I also wonder if I'm missing something in the definition of what we call "catastrophic."

"Skilled nursing facilities" may or may not be covered for adequate time frames (As I know from volunteer work at a local Assisted Living Facility.)

But this all reminds me of playing at a gaming table in Las Vegas...Like...GUESS what is going to happen to YOU, and purchase accordingly...