Health insurance plays an important role in the event that one suffers an illness or injury. The recent years has witnessed an escalating increase in healthcare costs. Hence it is imperative that one not only considers the coverage that one needs today, but also what one would require in their sunset years.
The original Medicare plan covers several healthcare services and prescriptions. However, there are many costs that it does not cover. Medicare Supplement Policy or Medigap, as it is commonly referred to, is a health insurance offered by private insurance companies and is aimed at filling the “gaps” in the original Medicare plan coverage. It is an ideal solution to supplement one’s primary health insurance coverage. Medicare supplement insurance is designed for those senior citizens who participate in Medicare, but would desire additional insurance to cover expenses that Medicare does not pay. For instance Medicare does not usually pay for expenses such as deductibles, co-payments, physician’s costs or even outpatient hospital services. The Medicare supplement insurance provides the policy holder with a pre-determined benefit amount for those unforeseen and unbudgeted expenses that crop up. It helps in paying towards these co-payments or deductibles as well as covers certain costs not covered by the original Medicare plan. Generally when one takes a Medigap policy, one should ideally be covered under Medicare Part A and Part B.
In most states of the United States, one can ideally select between 12 different standardized Medigap policies (Medigap Plans A through L). Each of these plans offers a different combination of benefits. While the coverage under these plans does not differ from one insurance company to another, the costs may vary quite a lot.
Globe Life And Accident Insurance Company is a wholly owned subsidiary of the Torchmark Corporation. Globe Life aims at helping people attain health and financial security with the help of cost-effective, high-quality health care. Globe Life has been providing Medicare coverage to over 3.3 million satisfied policyholders. It provides Medigap policies at extremely reasonable costs. Globe Life strives to achieve superior customer satisfaction through effective and easy-to-understand information. Some of the key features which set Globe Life apart from its competitors are that it guarantees the acceptance of Medicare supplement policy, and further ensures that there is no waiting period either. For the senior citizens above 65 planning to replace an existing Medicare supplement policy, Globe Life guarantees a zero waiting period. Globe Life also values one’s privacy and ensures that no agent would ever call or visit. At the same time, one can purchase Medigap coverage from Globe Life, within the comforts of one’s home, simply at the click of a mouse button.
Globe Life offers their policy holders a facility called as “Automatic” Claims Filing Plus®. With the help of this facility Globe Life initiates the processing of the benefit check even before the Explanation of Medicare Benefits form is received. Globe Life also offers a special service known as the ACF Plus, which is a virtually paperless process implying that the policy holder is not required to do any paperwork.