Common Questions About The Bridge Plan Insurance

Common Questions About The Bridge Plan Insurance

By:


There are plenty of insurance out there. In fact, there are policies that can help you if you don't have the regular insurance policy yet. One example of this is the bridge plan insurance. If you don't have any idea what this is, here are the frequently asked questions about this policy along with all the information you need to learn about it.

What is the bridge plan insurance?

The bridge plan insurance also called the Medicare bridge insurance refers to a short-term medical insurance policy that is designed for people who are still waiting to become included in the U.S. Medicare System. Foreign nationals are eligible for this plan five years after they become a U.S. resident. This plan pays expenses incurred in medical care.

Who needs this plan?

Many people are in need of this plan. One is new U.S. residents. As mentioned earlier, if you come to the United States, you can only get Medicare if you have been a permanent resident for at least five years. Before that time comes, you should have this policy to protect yourself financially in terms of health care before you're able to get your own insurance plan. Bridge plan doesn't require citizenship or payment to Social Security in order for you to become eligible. The only requirement would be to pay a premium.

This plan is also ideal for permanent residents who are still awaiting eligibility for Medicare. Those who missed the enrollment period can enroll at a later date, but this is usually another 18 months after. During that 18 months of waiting, you can avail the bridge plan.

How do I apply for this plan?

First, you need to accomplish a two-page application form along with the medical release form. This can be submitted through fax, scanned email or personal visit to the office. Keep in mind that you cannot send the premium with the application form. The application process will usually take 3 to 4 weeks. The underwriter will order acquisition of medical records from your primary care physician to complete the application process. It's also possible that you'll be asked to undergo a medical exam that includes a blood test, urine test, and EKG. Don't worry about the expenses as this would be shouldered by the underwriters.

What is covered by the policy?

The policy has part A and part B. For part A, covered expenses include hospitalization, hospice facilities, nursing facilities, and home health care services. All these are based on the medical condition and necessity. Part B, meanwhile, includes costs of surgeons and physicians for in-patient, out-patient, therapy, and ambulance services. Again, these would be based on medical necessity.

What are the key features of this plan?

It shoulders expenses for any doctor and any hospital. It's guaranteed to renew annually for five years without the need of renewal of medical underwriting. The bridge plan is affordable for most people.

What are the exclusions and limitations?

Limitations include the following:

• Alzheimer's disease - limited to a lifetime maximum benefit of $25,000

• Cardiac or cancer related conditions - limited to a maximum benefit of $25,000 180 days after the first policy.

• Cataract surgery - limited to a maximum benefit of $2,000.

Exclusions include the following:

• Expenses that you are not legally obligated to pay

• Services that are not medically necessary

• Expenses paid by Medicare or other insurance companies

• Outpatient drugs

• Self-inflicted injuries while sane

• Alcohol treatment

• Drug addiction

• Treatment of allergies

• Dental examination

• Accidental injury

About the Author:
For more tips and information about bridge plan insurance please visit: medicare bridge insurance



Article Originally Published On: http://www.articlesnatch.com


Tags: ,

|

Loading...
Related....
Videos...

Recent Finance Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Site Navigation:

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.