New Era Medigap Plans

New Era Medigap plans fill the GAP left after Medicare pays their portion. A New Era Medicare supplement plan not only protects your wallet against catastrophic claims but can generate hundreds of dollars per year in premium savings.New Era Medicare supplement plans

New Era Medigap plans, including plan F, are identical in every way to Medicare supplement plan F from Blue Cross, Mutual of Omaha, AARP or any other carrier.

Identical in every way except without the high premium.

In some states New Era offers Medicare supplement plans through Philadelphia American.

 

Georgia Medigap plans & Prices
Georgia Medigap plans & Prices

 

New Era Medigap plans offer policyholders outstanding value.  Other benefits include:

  • Quick underwriting and fast policy issue
  • Friendly customer service
  • Efficient paperless claim service on all New Era Medigap plans

All New Era Medigap plans allow you to use any Medicare approved doctor or medical facility. There are never any networks and you do not need a referral to see a specialist.

With a New Era Medigap plans you have access to over 16,000 Georgia doctors and over 200 hospitals.

New Era has a 40+ year history of providing coverage to policyholders. Georgia residents can pick from Medigap plan A, C, F, G or N.

All Medigap plans issued since 2010 are standardized to meet CMS guidelines. Most people will buy Medigap plan F because that is usually the only plan presented by most carriers and agents. They never are given a chance to learn how to maximize their dollars by considering money saving options in plan G or plan N.

All modernized Medicare plans offer all government mandated benefits including preventive care. Medicare preventive services include diabetes screening, immunizations, glaucoma testing, mammograms and pelvic screening. Click for a complete list of Medicare  preventive benefits.

New Era plans do not cover outpatient prescription drugs. For that you will need a separate Part D prescription drug plan.

The only way to obtain New Era Medicare supplement rates is through an independent agent. Get instant Medigap quotes.

 

#NewEraMedicareSupplement

New Era Medicare Supplement Rate Increase

New Era Medicare supplement rates are changing, but not by much. Since 2011 New Era Medigap rates in Georgia have increased less than any other carrier. Georgia Medicare Plans has complete confidence in New Era and consider them a New Era Medigap rates2preferred carrier for our Medigap clients.

Retirees turning 65 can easily become confused with all the options. Medicare Advantage or original Medicare plus a supplement plan?

Your zip code may offer as few as 4 Advantage plans or up to a dozen. With more than 170 Medicare supplement plans state wide your head is probably spinning.

medicareshopcompare2 (1)

How do you find the right plan that fits your needs and budget?

 

Medigap or Medicare Advantage?

Which plan is best for you?

It depends. Each approach to funding your out of pocket medical needs is unique. What works for Joe may not be good for Mary, and vice versa.

Medicare Advantage plans have moving parts (deductibles, copay’s, out of network penalties, etc.).  The lower premium can be attractive but trying to budget for out of pocket expenses which can run as high as $6700 for network approved charges is a challenge.

Medigap (also known as Medicare supplement) is easy to understand. There are no doctor or hospital networks, you can use your plan anywhere in the state of Georgia or across the country without worry. With most Medigap plans your out of pocket is less than $500 per year, even if you use your plan a lot.

Over 80% of our clients chose a Medicare supplement plan from New Era and have never regretted that decision.

New Era Medigap rates are not available online but we are happy to provide you with a quote via email.

 

Choosing a Medigap plan

CMS (Center for Medicare Services) makes it easy for Georgia retirees to choose a Medigap plan. The 2015 edition of Choosing a Medigap Plan is just a click away. This 50 page booklet explains the difference in Medicare Advantage vs. original Medicare and a Medicare supplement plan. Page 9 of the publication contains the following statement. 2015 choosing medigap policy

Each standardized Medigap policy must offer the same basic benefits, no matter which insurance company sells it. Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies.

If all plans with the same letter are identical in every way why not just find the plan with the lowest rate and buy it?

That theory used to work, for a while. As more carriers entered the market they jockeyed to gain market share by undercutting the premiums of other, established carriers. New carriers enter with low “teaser” rates then exit the market (like AFLAC) or they swap out an old carrier (such as United World with United of Omaha). When the swap occurs older (loyal) policyholders are stuck with paying higher rates to subsidize the lower rates offered to new policyholders.

Musical chairs was a fun game when we were kids but not so much when the music stops and you get left out of the circle because you are unable to qualify for a new, lower priced plan due to your health.

 

New Era rate increase

New Era has announced a rate increase for 2015. The new rates apply to plans with an April, 2015 effective date or later. It is not too late to save money by applying now.

Let us know how we can help.

Georgia Medigap plans & Prices

Georgia Medigap plans & Prices

 

 

 

5 Medicare Myths

We talk to a lot of Georgia seniors and find there are at least 5 Medicare myths that are common and should be addressed. If you fall prey to these Medicare myths you could end up paying more for your health care than you should. It doesn’t matter how these untruths originated. The reality of Medicare is this. Medicare insurance is the most consumer friendly health care coverage you will ever experience. But if you believe the myths and misrepresentations you can pay dearly.  hospital bed

 

 

Medicare Myth #1

Because of Obamacare, Medicare beneficiaries will have fewer choices and pay more for their coverage.

This is partially true.

Obamacare cuts Medicare funding by $716 billion dollars from 2013 – 2022. The promise is that savings will be generated by eliminating waste, fraud and abuse and requiring medical providers to achieve a higher level of care.

The truth is waste, fraud and abuse will continue. As long as government programs like Medicare routinely pay for services with little or no oversight, crooks will continue to find ways to game the system in their favor.  Obamacare cuts Medicare funding

The Medicare myth is, without Obamacare the government had no way to find cheaters. Future “savings” in Medicare insurance will come through reduced payment to medical providers and cost-shifting the financial burden for care to the Medicare beneficiary.

Reduced funding for Medicare Advantage plans will result in fewer plan choices for you, higher premiums, higher deductibles, higher copay’s and fewer doctors that accept Medicare Advantage plans.

If your doctor is paid less to treat you, or is only rewarded by helping you get well, how will this impact your ability to obtain quality care?

This seems a bit of a paradox. Why shouldn’t a doctor or hospital be paid for results? Consider this.

How many Medicare patients is a doctor willing to see if they are paid 10% – 15% less than they were last year for the same treatment?

Paying for results seems fair on the surface. But think about this for a moment.

If doctors and hospitals are punished (or paid less) for poor outcomes, do you think they will “cherry pick” the easy medical conditions and let the more challenging ones slide?

Of course they will.

Look what a report about Medicare hospital readmission penalties found out.

Medicare penalties appeared to land harder on hospitals that treat large numbers of poor people, according to calculations Medicare made and included in a regulation published Friday.

Among the safety net hospitals with the most poor patients, 77 percent were penalized, while only 36 percent of the hospitals with the fewest poor patients were penalized.

Hospitals with low income patients are typically found in inner cities and rural areas. One way for hospitals to avoid the penalties is to restrict the number of low income patients that are admitted.

Which brings up another Medicare myth about hospital admission.

When is a patient admitted to the hospital?

Just ask 74 year old Rosalie Winkworth. Like many frail seniors, she tends to fall and sometimes she hurts herself. So when she spent 4 days in the hospital her daughter thought nothing of it and assumed Medicare would pay most, if not all of the bill.

But Rosalie was never admitted to the hospital. Instead she was under observation. NPR picks up her story here.

After Winkworkth’s discharge, her doctors said she needed to go to a nursing home. But since the hospital considered her an observation patient, not an inpatient, the family had to pick up the bill.

Had Rosalie been admitted to the hospital and then discharged to the nursing home, her Medicare insurance would have paid her nursing home bill. By never admitting her the hospital avoided classifying her under the readmission penalty. But that practice also meant her nursing home stay was not covered by Medicare.

Oh, and did you catch this? The Medicare hospital readmission penalty is one way Obamacare cuts Medicare funding to provide free and reduced cost health insurance to people under age 65. Over 36% of Obamacare cuts to Medicare funding comes in the form are reduced payments to hospitals.

That is not a Medicare myth. It is a fact that can impact your level of care and how much you pay for hospital or nursing home services.

Medicare Advantage plans and Georgia Medicare supplement insurance plans will not help you if you end up like Rosalie. If your bill is not an approved Medicare charge you pay.

Georgia Medicare plans can show you ways to hang on to more of your savings and reduce stress over your budget. We specialize in Medicare supplement plans for seniors 65 and up. Most of our clients average saving over $700 per year by learning how to choose the right Medigap plan for their needs. Our GA Medigap Quotes page allows you to shop and compare up to 40 plans in 60 seconds. Why not try it now and see how much you can save?

 

Medicare Myth #2

Medicare Advantage plans are better than Medicare supplement plans.

Or the inverse, Medicare supplement plans are better than Medicare Advantage.

The truth of the matter is, each approach has benefits and “bugs” that appeal to some and not others. The only truth is, the plan that is right for you is the one that fits your needs and budget.

Medicare Advantage plans have lower premiums and are good for people that can budget for medical emergencies or have a pile of money sitting around collecting dust. In other words, they are good plans until you get sick.

Medicare supplement plans allow you to stay in the original Medicare system and make it possible for you to survive a medical emergency without hocking the farm.

Most Medicare Advantage plans give you a list of participating doctors and hospitals and tell you to choose from that list. A list that changes every year.

With original Medicare and a Medigap plan you can use any doctor, hospital or lab anywhere in the country, including your own back yard. If you like your doctor you can keep your doctor.

When you have a Medicare Advantage plan your monthly premium is less than with a Medicare supplement plan but that does not mean the cost is lower. The myth that you save money with an Advantage plan is just that. A myth. You simply pay for your health care now (with a Medigap plan) or later (when you have an Advantage plan).

Shop and compare GA Medigap quotes now.

Your information is NEVER sold

 

Navigating the Medicare Maze


 

Medicare Myth #3.

All doctors take Blue Cross.

BCBSGA is a fine company that offers a choice of Medigap or Medicare Advantage. The myth that all doctors take Blue Cross can get you in a bind.

Most Georgia doctors do not participate in ANY Medicare Advantage plan and the ones that do may not participate in your BCBSGA  Advantage plan. If you use them any way your out of pocket cost for treatment will be higher than if you had used a participating provider. In some cases, treatment by a non-par provider means your claim is not covered at all.

You won’t have that issue with original Medicare and a Medigap plan. Any doctor that treats Medicare patients will also treat you, regardless of which Medigap carrier issued your policy. BCBSGA only offers 3 supplement plans in Georgia. You can pick plan A, F or N.

Of those, F is the only popular choice (and N is a distant third). If you bought plan F from Blue Cross you might pay as much as $500 more per year for the exact same coverage had you picked a more reasonably priced carrier.

The Medicare myth that Blue Cross is more widely accepted by Georgia doctors could cost you a lot of money. Compare our rates vs. Blue Cross and see for yourself. Shop GA Medigap Quotes now.

 

Medicare Myth #4

Medicare supplement plans from “brand name” carriers cost more because they are better.

Medigap plans are designed by CMS, not by the carrier. CMS requires all plans with the same letter (for example, F) to be identical in every way. Plan F from Blue Cross is identical in every way to plan F from Aetna, Equitable or New Era.

Except price.

When you pay more for a Medigap plan you don’t get more, you simply paid too much. Who wants to do that?

 

Medicare Myth #5

All Medicare insurance plans with the same letter are identical, so just buy the one with the lowest premium.

This is where having someone who knows the Medicare landscape can help you avoid the pitfalls of buying the wrong plan from the wrong Medicare insurance carrier.

In 2010 Medicare allowed carriers to offer Medicare supplement plan N for the first time. Some carriers jumped in while others did not. One of the carriers that aggressively marketed plan N was Mutual of Omaha. Had you bought a Mutual of Omaha plan N policy in 2010 you got a good deal.

But only until your next renewal.

Mutual of Omaha stopped selling plan N in 2011 as losses on that block started to get out of hand. Those who kept their policies have faced ever increasing renewal premiums. In some cases their only choice was to drop their Medicare insurance policy and go without coverage (other than original Medicare).

More recently AFLAC entered the Georgia Medigap market in 2012. A little over a year later they dropped out. Their policy holders are watching their premiums continue to rise as that block of business sours.

The Medicare myth of buying the lowest price backfired. My 38 years in the health insurance industry has taught me how to avoid the pitfalls of jumping on the latest fad. That helps my clients to save thousands of dollars over the years by finding value without jeopardizing your bank account when things don’t work out.

So what about the dog?

I thought he was cute. Maybe when you shop for Medicare insurance you will remember him and give me a call to discuss your options. Don’t throw away money because you believed a Medicare myth.

 

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