Because UnitedHealthcare has been around for a very long time and is well known among the general public, their UnitedHealthcare Medicare supplement plans are very popular, among their many other options.

There are lots of benefits to enrolling in a UnitedHealthcare Medicare supplement plan. Among them include:

  • No application fees 
  • Your plan is valid anywhere that Medicare is accepted in the U.S.
  • Medigap policies are guaranteed renewable even if you have health problems. Because the insurance company cannot cancel your Medicare policy – as long as you pay the premium – these plans are especially attractive to people who have health concerns that they want adequate coverage for.

In order to qualify for a Medicare supplement plan, you must meet certain requirements. The requirements include:

  • Being enrolled in Medicare Part A and Part B
  • Be aged 65 or older
  • You may also qualify if you’ve been diagnosed with End-Stage Renal Disease
  • You may also be eligible if you are receiving disability benefits from Social Security Administration or the Railroad Retirement Board
  • If you have been diagnosed with Lou Gehrig’s disease (ALS)

Medicare Supplement Plans

All Medicare plans are standardized, and currently, there are 10 different plans available. So a Medicare Plan A purchased in Virginia is the same Plan A offered by another company in California. However, the plans are offered by private insurance companies who get to choose which of the 10 plans they will offer. 

UnitedHealthcare Medicare Supplement Plans

UnitedHealthcare offers three Medicare supplement plans: Plan F, G & N.

UnitedHealthcare Medicare Supplement Plan F

There are many reasons why Medicare supplement Plan F is very popular. They include:

  • Medicare Supplement Plan F covers most deductibles, coinsurance, and copayment expenses (it covers your hospital outpatient deductibles as well as 20% of your coinsurance on your Plan B)
  • Plan F covers your Part B excess charges
  • It provides coverage while you are traveling internationally (Medicare Supplement Plan F features an 80% foreign travel exchange up to certain plan limits)

UnitedHealthcare Medicare Supplement Plan G

Medicare Supplement Plan G provides the next most coverage after Plan F. Just like Plan F, it covers your Part B excess charges, and can be used anywhere Medicare is accepted. If you travel internationally, then your Plan G can cover you. It’s the second-most popular plan because it offers practically the same coverage as the Plan F, but with lower premiums. The difference between the Plan F and Plan G is that the deductible for your Part B is not covered in your Plan G. You will have to pay your Part B deductible. 

It’s worth repeating that Medicare Supplement Plan F and Plan G are the only plans that offer coverage for Part B excess charges. So if that is an important feature to you, then you want to speak to one of our South Florida Medicare Specialists about which of these plans works best for you.

UnitedHealthcare Medicare Supplement Plan N

UnitedHealthcare Medicare supplement Plan N is a great choice for those who want to save on their premiums. The main difference between this plan and the Plan F and G:

  • You may pay co-pay up to $20 for visits to your doctor
  • You may pay a co-pay up to $50 for emergency rooms visits
  • Plan N does not cover excess charges

What are Plan B excess charges?

A doctor who accepts “assignment” has agreed to accept the Medicare-approved amount as payment for the services or treatment provided to the patient. When a doctor does not accept Medicare “assignment,” they can charge their patient up to 15% more than the Medicare-approved price for that service or treatment. This extra charge is called the Part B excess charge.

UnitedHealthcare History

UnitedHealth Group Incorporated is a for-profit managed health care company. Based in Minnetonka, Minnesota, it is the largest healthcare company in the world by revenue. It is ranked number seven on the 2020 Fortune 500 list. It was originally founded by Richard Taylor Burke as Charter Med Incorporated. In 1977 the United HealthCare Corporation was established to re-organize and become the parent company of Charter Med Incorporated. The company managed the Physicians Health Plan of Minnesota, one of the early health management organizations. In 1988, United HealthCare began offering pharmacy benefits that could be used at retail pharmacies or by mail. Over the years, United HealthCare acquired various other health management organizations. UnitedHealth Group Incorporated’s 2019 revenue was $242.2 billion.

Call South Florida Medicare Specialists Now

With over 15 years of combined experience in the Medicare Supplement Market, we can help you find an affordable plan. Call us now at 561-339-0366.