Medicare

     Medicare is a Federal health insurance program that is designed for people aged 65 years or more.  You automatically qualify for Medicare when you become eligible for Social Security.  You may also be eligible for Medicare if you are disabled under age 65.

    There are two parts to Medicare; Part A is the hospital part that is provided at no charge.  Part B is the supplemental insurance coverage that is designed to cover Doctors' services and other medical services Part A does not cover.  Part B has a premium you pay to receive those services.  Although Medicare provides insurance, there are limitations to the amount of payment.  In addition there are services that have deductibles. These deductibles can be covered  by a Medicare Supplement policy .

      The Medicare Supplement policies, sometimes called Medigap insurance, are all set up with the same benefits for a given plan.  There are twelve plans available (see table1) from a number of companies with the only difference being the premium.  Premiums vary from company to company and are based on their experience with the Medicare Supplement client group.

     Farmers Union agents have a number of companies which will write Medicare policies.  Contact one of our agents using the agent locator from this website to receive additional information about Medicare Supplement policies. (click here to locate agent)
 
Benefit Plan
A B C D E F* G H I J* K L
Basic Benefit X X X X X X X X X X X X
Skilled Nursing Co-Insurance     X X X X X X X X X3 X5
Part A Deductible   X X X X X   X X X X4 X6
Part B Deductible     X     X       X    
Part B Excess           X1 X2   X1 X1    
Foreign Travel Emergency     X X X X X X X X    
At-Home Recovery       X     X   X X    
Preventive Care         X         X    
   
   
 

Table 1
   
(1) 100% Excess Charges
(2)   80% Excess Charges
(3)   50% Coinsurance  

Plan K has $4,000 out of pocket limit.

   Once out of pocket limit has been met on plans K and L, both plans pay 100% of Medicare co-payments, coinsurance and deductibles.
(4)   50% Deductible
(5)   75% Coinsurance

 

Plan L has $2,000 out of pocket annual limit.
(6)   75% Deductible

 * Plans F and J also have a high deductible option.

 

As of January 1, 2006, you can not buy a Medigap policy covering prescription drugs.

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Copyright © 2012 Farmers Union Mutual Insurance
Last modified: July 23, 2012