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Medicare Insurance Brokerage …

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Puritan Life Medicare Supplement

Puritan Life Insurance is a leading company that sells insurance and financial products in the U.S. Established in 1958, it carries a long history of of providing solid solutions for its customers, starting from their peak earning years to well after they retire. Its suite of products and services cover life insurance and annuities, while it also specializes in Medicare Supplements. Puritan Life currently has a B++ (Good) rating from A.M. Best and an A+ rating from the Better Business Bureau.

Why You Need A Medicare Supplement

The federal government already provides a huge list of benefits for senior citizens via Original Medicare Parts A and B, which are designed to help shoulder the expenses incurred from medical consultations and hospitalization for people who are 65 years old and up. However, the government simply cannot take care of all the medical costs that you might need due to budget constraints. This is why it created 10 standardized Medicare Supplement plans, also called Medigap, to ensure that its senior citizens still get the core benefits without getting bogged down by too many fees.

Medigap policies are sold through private insurance agencies like Puritan Life and their benefits are exactly the same regardless where you bought your policy. However, monthly premium fees may vary slightly depending on the insurance provider, which may charge more for additional service or other extra benefits. Medigap plans are state and federal-law regulated.

Puritan Life Medicare Supplements Offered

Puritan Life offers four of the 10 standardized policies: A, F, G, and N. Here are some of their basic benefits. (Source: https://puritanlifeinsurance.com/public/docs/PLICA-MS-BRC.pdf)

	A	F	G	N
Medicare Part A hospital coverage (1st 60 days)	–	$1,316 Part A deductible	$1,316 Part A deductible	$1,316 Part A deductible
Coinsurance 61 to 90 days	Up to $329	Up to $329	Up to $329	Up to $329
Coinsurance 91 to 150 days	Up to $658	Up to $658	Up to $658	Up to $658
Extended hospital coverage (up to an additional 365 days)	100%	100%	100%	100%
Blood (first 3 pints)	Yes	Yes	Yes	Yes
Skilled nursing facility care (first 20 days)	–	–	–	–
Coinsurance 21 to 100 days Medicare Part B doctor services and supplies	–	Up to $164.50	Up to $164.50	Up to $164.50
Part B deductible	–	$183	–	–
Coinsurance	20%	20%	20%	Up to $20 copayment for office visit Up to $50 for E.R.
Excess benefits	–	100% up to Medicare’s limit	100% up to Medicare’s limit	–
Emergency care during foreign travel	–	Up to $50,000	Up to $50,000	Up to $50,000

It is best that you connect with a Puritan Life Medicare Supplement advisor to find out more about choosing the right Medigap policy that suits your current status and health needs.

Applying for a Puritan Life Medicare Supplement

The perfect time to purchase any Medigap policy is when you turn 65 years old and you are already enrolled in both Original Medicare Part A and Part B. There is a so-called Open Enrollment period, during which you can buy any Medigap plan you want without being subjected to any medical underwriting. That is, even if you have a pre-existing health condition, insurance providers are required by federal law to approve your application at the regular rate. The Open Enrollment period lasts for six months. It begins on the first day of your birth month.

If you are unable to enrol during this six-month window, insurance providers can charge a higher monthly premium fee, especially if you have a medical condition. They can also decline your application. This is why the Open Enrollment period is crucial and if you are turning 65 years old soon, this is something you should start preparing for. If you are still unsure about which Medigap policy best fits you, speak to a Medicare Supplement advisor so all your cards are laid down and you are sure you have enrolled in the right one.

Our Mission is to Become America’s Most Respected Medicare Insurance Brokerage …

Puritan Life Medicare Supplement

Why You Need A Medicare Supplement

Puritan Life Medicare Supplements Offered

Applying for a Puritan Life Medicare Supplement

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Our Mission is to Become America’s Most Respected
Medicare Insurance Brokerage …