What are the AARP Medigap Plans?

by Tammy Martin Blogger

Though the Original Medicare Plan covers a lot of its subscribers’ medical costs, it doesn’t cover all of them. Copayments, coinsurance, and deductibles are often left to be paid out of pocket. These fees are called “gaps” in the Original Medicare Plan that supplemental plans such as the AARP Medigap aim to cover.

What is AARP?

AARP is the American Association of Retired Persons organization. It is nonprofit and nonpartisan. As an organization, one of the AARP’s goals is to address the needs of middle-aged and elderly citizens of the United States of America Click Here http://www.medigapplansguide.com/.

AARP offers a broad array of benefits and services to its members, including health insurance. AARP membership is open those who are 50 years old and above, either working or retired.

What is an AARP Medigap Plan?

Insured by the United Healthcare Insurance Company, an AARP Medigap plan aims to fill the gaps that the Original Medicare Plan doesn’t cover. These gaps are the following listed items:

· Part A (Hospitalization) Coinsurance

· Part B (Medical) Coinsurance

· Part A Deductible

· Part B Annual Deductible

· Part B Excess Charges

· Hospice Care Coinsurance

· Nursing Facility Care Coinsurance

· Blood (3 Pints Each Year)

· Foreign Travel Emergency Care

The Seven AARP Medigap Plans

Plan A and Plan B are the plans that offer lower benefits and higher out of pocket expenses at lower monthly premiums. For example, Plan A covers the following:

· Part A (Hospitalization) Coinsurance

· Part B (Medical) Coinsurance

· Blood (3 Pints Each Year)

· Hospice Care Coinsurance

Plan B covers all that Plan A covers, plus the Part A deductible, which could be the highest out of pocket cost if you have to stay at a hospital.

Plan C and Plan F offer the highest benefit levels at a higher monthly premium. Plan C covers the following:

· Part A (Hospitalization) Coinsurance

· Part B (Medical) Coinsurance

· Part A Deductible

· Part B Annual Deductible

· Hospice Care Coinsurance

· Nursing Facility Care Coinsurance

· Blood (3 Pints Each Year)

· Foreign Travel Emergency Care (80%)

Plan F, meanwhile, covers everything, paying 100% of all costs for all the previously listed coverage items.

Plans that offer a lower premium and coinsurance are Plan K and Plan L. Both pay 100% of Part A (Hospitalization) Coinsurance, and 50% and 75%, respectively, for the following coverage items:

· Part B (Medical) Coinsurance

· Part A Deductible

· Hospice Care Coinsurance

· Nursing Facility Care Coinsurance

· Blood (3 Pints Each Year)

Plan K includes an annual out of pocket spending limit of $4,940, while Plan L has a limit of $2,470.

Plan N has a copay structure and a mid-range monthly premium. It lets you make copayments for Part B (Medical) services, while it covers the out of pocket expenses of the following:

· Part A (Hospitalization) Coinsurance

· Part A Deductible

· Hospice Care Coinsurance

· Nursing Facility Care Coinsurance

· Blood (3 Pints Each Year)

· Foreign Travel Emergency Care (80%).