Medicare is an important federal program that we encourage you to sign up for as soon as you are eligible. Not only does Medicare help you control your healthcare costs, but it also offers expanded coverage and peace of mind. For help in finding your next Medicare plan, contact our licensed agents at Magellan Healthcare.
Increasing Hospital Bills
The average hospital stay for an overnight visit is around $11,700, and the average length of a hospital stay is 4.6 days. Healthcare in this country is expensive. Medicare allows you to pay a fraction of the cost the hospital wants to charge you, helping you avoid medical bankruptcy.
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You do not want to put your health at risk by having sub-par insurance that discourages you from using its benefits. By securing hospital and medical coverage, you will be more likely to visit the doctor or the emergency room when you need to instead of ignoring your symptoms and letting things go unchecked. Having health insurance also allows you to see healthcare providers who would not otherwise agree to treat you. That can make a big difference in your quality of life going forward.
Medicare-Approved Amount
You pay copayments for covered services once you have paid your deductible for Medicare Part B. For example, when you see the doctor or go to the emergency room, you will be charged 20% of the Medicare-approved amount for those covered services as a copayment. The Medicare-approved amount is crucial to keeping costs down. Medicare has negotiated standardized costs for procedures that significantly lower the charge you would have to pay.
Nationwide Coverage
When you have Original Medicare, you can travel the length of Route 66 and back and be covered the entire way. The vast majority of hospitals accept Medicare; those that do not are mostly Veterans Affairs facilities. With Original Medicare, you do not have the restriction of being covered only within a certain regional network of healthcare providers. You can travel throughout the country with peace of mind.
Benefits of Medicare Advantage
Medicare Advantage plans can help to fill the coverage gaps of Medicare by offering you coverage for routine hearing, dental, and vision care, and prescription drug coverage, along with other perks. Those care areas are critical to maintaining your quality of life.
Medicare Advantage plans also have out-of-pocket maximums that help keep a lid on your healthcare spending.
Benefits of Medicare Supplements
Medicare Supplements help pay for the costs leftover from using your Medicare Part A and Part B benefits. You can be covered for deductibles, copayments, coinsurance, foreign travel, and more. When you sign up during your Medicare Supplement Open Enrollment, you can purchase a plan without being restricted by your medical history. These plans can help you save significantly, especially if you end up staying in the hospital more than once over a year.
Want to learn more about why you need Medicare? The team at Magellan Healthcare has agents who specialize in all aspects of Medicare. We will find coverage that works just for you!
