R.W.G. Brokerage Corp.
Insurance Products > Medicare Supplements
As the senior population increases in number and longevity, the healthcare and insurance industries are witnessing higher utilization of medical services by seniors and consequently, a greater number of health claims to process.
An aging population requiring more frequent and more expensive medical care is one of the leading reasons for rising health care costs, according to a study by Watson Wyatt and the Healthcare Financial Management Association. Other reasons for health care inflation include advancing medical technology and expensive new drugs.

Without a supplemental plan, seniors can face tremendous out-of-pocket expense whether it be for routine office visits or unexpected catastrophic illnesses. In addition, beneficiaries who use their Medicare Part B benefits for outpatient hospital expenses are being charged nearly 50% of the total payment to the hospital for these services, compared with only 20% for most other covered services. More than ever it is vital that seniors find a reliable partner to provide financial protection against these growing claims obligations.

With a medicare supplement, customers receive a good value for their money. Many people don't realize that some claims can exceed Medicare coverage. When Medicare is exhausted on these rare occasions, the liability belongs to the patient unless a good Medicare Supplements is in effect. The box below exhibits some "exhaustion" claims actually paid by one of the companies providing this coverage.

Example of Paid Claims:

Description Paid
Gall Bladder Surgery with Complications $300,000
Blood Disorder $360,000
Gastrointestinal Problems $430,000
Heart-Related Ailments $600,000

More information is available at http://www.medicare.gov/MPDPF/Public/Include/DataSection/Questions/SearchOptions.asp.

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