Planning to Travel After Retirement? This is the Best Medicare Coverage for You
Does Medicare insurance go with you once you are out of the country? It’s currently open enrollment period, and while planning to review your coverage, this should be one of the questions that you ask yourself.
There are a lot of factors that come into play where coverage, when you’re not in the United States, is concerned. It is dependent on your travel destination, whether or not you’re on Original Medicare, or if your benefits are via Medicare Advantage. And although seen rarely, it can also depend on whether the medical care you receive is routine, or has been necessitated by an emergency.
You may be thinking to yourself that taking out travel insurance would save you from having to deal with all this, right? But seeing as it is an extra expense, it is prudent to assess whether you truly need it. Why spend more over nothing?
Original Medicare, as you already know, comprises of Parts A and B whose coverage includes hospital care and outpatient care respectively. Most Medicare beneficiaries on this plan often pair it with Part D for prescription drug coverage.
If this happens to be your insurance plan, then you’re good to go anywhere within the United States borders. Should it be a routine check-up or even an emergency, any hospital (or doctor) that accepts the national insurance program will attend to you.
Outside the country, however, is where things get a little bit murky. On the overall, Medicare does not cover you if you happen to not be within the US. However, there are certain exceptions to this.
If you’re in the high seas but as close as 6 hours to a US port, then Medicare has you covered. Additionally, if you are moving across different states but the nearest hospital you can rush to is outside the country then you’re covered. Such a situation is when one is in Canada, with Alaska being their destination from the conterminous United States.
Of the over 60 million Medicare beneficiaries, a third of them are on Medigap, whose policies only pair with original Medicare. The thing with some of these policies is that they cover you even when you’re traveling. You only have to pay annual deductibles worth $250, then supplement them with 20% of total accrued costs for a $50,000 lifetime maximum.
You may not cover the whole amount, especially if you are in perfect health for your age, making this a viable option for some beneficiaries. Some retirees spend their golden years traveling the world, and if you just so happen to be one of them, then Medigap is for you.
All the same, Medicare agent Roger Luchene says that the $50,000 supplement isn’t designed for you to have expensive treatment abroad, but rather meant to keep you healthy enough for you to get home and get treated here.
We did say that original Medicare doesn’t work overseas, right? Well, neither does Part D. If you need to buy prescription drugs while abroad, this will have to be an out-of-pocket expense. Medigap won’t help you either because its policies do not cover any costs related to Medicare Part D, be it in the States or overseas.
More in Health Insurance
People are Paying Thousands for Cryonics in Russia—What is It, Actually?
When someone passes away, the loved ones they left behind hold a funeral and either have them buried or cremated. However,...October 21, 2020
These 5 Tips Will Keep Your Hair Looking Shiny and Thick
For some, discovering that your hair is thinning could be as distressing as discovering that you have a serious illness, no?...October 21, 2020
Emilia Clarke Suffered Self-Esteem Issues Due to This Heartbreaking Reason
Don’t you just love the ever so charming Emilia Clarke? The 32-year-old actress of Game of Thrones, always has a bright smile...October 21, 2020
Expert-Approved Diets That Are Suitable for Diabetes Patients
For people with diabetes, eating has always been about regulating blood sugar levels. The unwanted and unexpected sharp spike in sugar...October 20, 2020
Shocking Report Shows How Climate Change Could Have Lifelong Effects on Children’s Health
There’s no denying that we are already starting to experience the devastating effects of climate change, but health experts warn that the worst...October 20, 2020
These 3 R.D.-Suggested Tips Advise on How to Handle Food During the Festive Season
Christmas is already gone and New Year’s is just about here. And throughout this festive season, you have to agree that...August 17, 2020
22-Year-Old Mum Kylie Jenner Explains How Motherhood Empowered Her
Since we all keep up with the Kardashian-Jenner family, there’s little we don’t know about Kylie Jenner. The 22-year-old entrepreneur has...August 15, 2020
Wardrobe Mistakes from Blockbuster Films That Were so Obvious, Yet Everybody Missed Them!
A lot of forethought, preparation, and attention to detail goes into the production of a great movie. Parties involved are heavily...August 15, 2020
Should Doctors Attend To Patients With ‘Do Not Resuscitate Tattoos’?
Doctors at the University of Miami hospital were confronted with a dilemma when a 70-year-old unconscious man with a tattoo “do...August 14, 2020