A brief but useful discussion on Medicare Supplement Insurance Plans

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The Medicare Supplement Plans as it is known are supplementary insurance plans that are meant to bridge the gap between the policy coverage of the Original Medicare and the actual medical bill payable. The fact is that the Original Medicare has several gaps that doesn’t pay for all the medical services that you may need. Therefore if you are already a beneficiary of the Original Medicare plan you may need to get a Medicare Supplement Plan along with it to meet all your medical costs. This is a kind of health insurance plan that helps you pay for some of your costs in the original Medicare and also for some of the cost for some medical aid that it does not cover.

These supplementary insurance policies are sold by the private insurance companies and are under their sole administration. According to the law the private insurance companies can offer only twelve standard Medicare Supplement Insurance Plans, named A through L. each of these plans have their own set of benefits, different from the others. However, almost all of the twelve Medigap policies provide the basic benefits of Medicare part A and B. Therefore it is always recommended to study all the Medigap plans before deciding to choose the one that would fit the best for you. Besides that the fact that should be kept in mind is that, no matter from whatever insurance company you may purchase a particular plan, all of the plans with the same letter cover must provide the same benefits. As for example if you purchase a Medigap plan C policy, it should cover the same benefits without depending on the company that is selling the plan. However, the premium rates may vary for different companies. Therefore you are free to purchase any Medigap policy from the company you like and be sure to get the same benefits provided by the other companies.

As stated earlier all of the twelve Medigap policies covers the basic benefits, but each one of them provides some additional benefits that vary according to the plan. To give an example the Medigap plan A is the most basic plan, and all the other plans from B to L offers every benefits of Plan A and each one of them have their own set of extra coverage. Plans K-L offer similar services as Plans A-J, but the cost-sharing for the basic benefits is at different levels.

However, there are also some restrictions in Medigap policies. As for example starting from 2006, the Medigap Plans H, I and J cannot be sold to the beneficiaries of prescription-drug benefits, but the people who already had those policies can keep them. Another important thing about the Medigap policies is that no Medicare Supplement Plans can be sold to any person under the Medicare Advantage plans. Even if you are already having Medicare Supplement Plans and you switch over to Medicare Advantage plan from Original Medicare, you cannot use your Medigap benefits unless you switch back to Original Medicare. Thus it is essential to pay proper attention while choosing your health insurance policy and your Medicare Supplement Insurance Plans.

Best Medicare Supplement Insurance Plans, Medicare Supplement Insurance Companies and Medicare supplement insurance available here.

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5 Ways to Reduce Your Home Insurance Quote

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Renewing your home insurance is always a pain, but in the current economic climate now is not the time to be complacent about getting a decent home insurance quote. If you are looking to reduce your home insurance quote, here are a few hints and tips that will hopefully make your insurance cheaper.

Shop Around
The only way you're going to find the best home insurance quote is to shop around. There is no point getting just one quote from one company; you'll need to have a look around at a number of companies to get a broad understanding of the market.

Comparison websites can do a lot of the leg-work for you, but there is no substitute for sound research of your own and looking through the insurers out there which can give you the best deal.

Increase Your Excess
The amount of money you pay as an excess before your insurance company begins to pay your claim can have a dramatic effect on your home insurance quote. The higher the excess you are willing to pay, the lower you insurance premium will be.

Depending on the company, you could save up to 25 per cent on the cost of a home insurance quote if you are prepared to increase the excess on your policy from £250 to £500. If you can afford the extra excess expense this is a useful money saving tip.

Buy Online
Most insurance companies that have both a high street and an online presence will offer an online incentive discount, typically between 10 and 15 per cent. If you buy online then you're doing all the hard work yourself and removing the need for the company to pay an employee to do the work for you.

Not only is this usually the cheaper option, you can be certain by buying online that all your details are correct and there will be no communication breakdown or lost in translation errors between you and the sales assistant.

Buy Car and Home Insurance Together
A lot of the top insurers that offer both car and home insurance will be willing to offer a significant discount if you buy both at the same time. You can reduce your home insurance quote by up to 20 per cent simply by going with the same company that insures your car.

This tip will not only save you money but it will also save you hassle, as one company will have all your details and you can start building customer loyalty with the one insurer.

Improve Your Home Security
You earn additional discounts on your home insurance quote by adding some simple home security measures. Installing fire alarms and deadbolt locks are just two simple ways to improve the security of your house without spending an excessive amount.

More expensive measures include burglar alarms that call the police automatically, fire sprinkler systems and a house safe for valuables. Whilst costly these will undoubtedly improve your house safety and can help to reduce your premium.

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Buying and using a Motorhome or RV is one of life’s great pleasures – providing life on the open road and the opportunity to find great weather and spectacular locations.

But what happens when something goes wrong? With the right insurance policy, virtually any situation can be managed quickly, efficiently and hassle-free. But with the wrong insurance, you run the risk of encountering heartache which could drag on for days, weeks or even months.

One of the easiest ways to get the very best Motorhome or RV cover is to use a company that specialises in bespoke Motorhome insurance – like Sureterm Direct, for example – who understand exactly what’s required to guarantee a trouble-free life when accidents happen.

Here’s a list of the key dos and don’ts when insuring your Motorhome.

DO consider exactly what your circumstances are likely to be over the coming year. How much will you be using your vehicle? Where will you be going, especially abroad? How many miles do you expect to do? All these factors can affect your policy.

DO make sure your policy covers personal effects that will be in the Motorhome or RV, and extras like awnings. Some large awnings, for example, can be expensive to replace. Specialist insurers pick up on these little things when you’re discussing your requirements.

DO ask if there are discounts available depending on the length of time you’ve owned your Motorhome or RV, or if you’re a member of a club or association. Many specialist Motorhome insurers reward experience with better premiums.

DO be clear about your No Claims Discounts (NCD). Many insurers will mirror the NCD you’ve accrued while driving your car.

DO make sure your policy provides adequate cover for legal expenses. In the USA, particularly, personal claims lawyers can be as vicious as the alligators in the Florida swamps, and you may need to fight fire with fire. If you’re policy means you can employ your own alligator – at no extra cost to you – it makes sense!

DON’T lie about your circumstances - be honest with your underwriter. If you cause a pile-up in Peru having claimed you were never going to leave Peterborough, be prepared for a nasty surprise!

DON’T make assumptions. For example, many Motorhome owners tow a small car behind to make it easy to pop to the local shops. But don’t assume your Ford Ka, Smart car or little Fiat will be covered simply because it’s attached to your Eldiss or Bessacar. Some policies automatically give you third-party cover for your cover, but in other cases you might need to take out full-comprehensive car insurance too. Always check.

DON’T always settle for a high Excess figure. The joy of using a specialist insurer is that they can often create Motorhome cover with lower than expected Excess figures (the initial amount you have to contribute to any repairs to another vehicle before your insurer covers the rest).
The usual Excess figure is between £100 and £500. But with a specialist company, even if your Excess is slightly higher than you’d expected, the policy you get is often way better, with many more features, than an ‘off the shelf’ product.

DON’T fall into the trap of thinking that the larger insurance companies will offer the best policies. As Motorhome or RV insurance is not their core business, they often overlook factors that could make a huge difference once you’re on the road.
Continental breakdown cover could be missed off, or you might be restricted on how much travel you can do in Europe within a calendar year.

DON’T make a claim for minor accidents. Small accidents to another person’s vehicle like a broken wing mirror are often best dealt with without involving your insurer. By paying for the repair yourself, you can protect your No Claims Discounts and ensure you continue to pay low

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