Plan N will become one of the standardized supplement plans that insurers can offer to Medicare beneficiaries. A Medicare supplement plan, or a "Medigap" plan, can help pay for some of the expenses that are only partially paid by Medicare.
The new plan, which was recently approved by the Virginia Department of Insurance, is a great low-cost plan option. This is made possible by having the consumer pay some nominal copays for doctor visits, emergency room visits, and eliminating coverage for the part B deductible. While some supplement plans normally cover these charges, the premium savings in most instances far outweigh the potential out-of-pocket cost to the insured. Premium amounts are very low even at older ages.
Here is the most exciting point about this new plan for Virginia residents beginning June 1: United World Insurance Company, a division of Mutual of Omaha, will be processing applications without medical underwriting. This is a truly amazing opportunity for those who have desired to change plans or insurers, but have been unable to do so because of health reasons. Those who have become trapped in high-cost plans due to rate increases can now switch plans without worries of being denied coverage due to medical history.
These plans will be available for purchase though an agent licensed to sell Medicare plans in Virginia and appointed by the aforementioned company for the state of Virginia. For a free no-obligation, no hassle quote on this incredible offer, visit FindMeAPlan.com.
Mark Brooks specializes in affordable Virginia Medicare Insurance.
Mark is an independent agent with nearly 30 years of insurance and financial services experience. For more information about affordable medicare insurance visit his site at FindMeAPlan
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