Medicare Supplement Question and Answer:

I live in Texas and I am moving to Florida, Do I need to change my Medicare Supplement Insurance policy to Florida?

Each State has it's own Medicare Supplement Insurance Providers. Some companies allow the insured to change residence and retain coverage for the same monthly premium. Other insurance companies require you to obtain a new supplement policy when moving out of the state.

Why should I pay for a Medicare Supplement Policy when I can get Medicare part C Advantage Plans for little or no monthly premium?

When deciding on a form of Medicare insurance coverage you have two options:
1 Medicare Part A and B with a supplement policy
2. Medicare Part C Advantage Plan.
A supplement policy offers the better coverage while you can save money with Advantage plans while you stay healthy.

If I purchase a Medicare Supplement High Deductible Plan F can I upgrade to a Standard F plan later in life?

Yes, you can upgrade your Medicare supplement policy at any time , there are no contracts. You will have to answer health related questions to qualify for a supplement policy if you are not in an open enrollment period.

What is the best Medicare Supplement Plan?

The best supplement to Medicare is the Plan F. It covers your co-charges for Medicare Part A and B. You can see any doctor in the United States and you will not need a referral for a specialist.

Is there a difference between a Medicare Supplement and Medigap policy?

No, Medigap is another name for Medicare Supplemental Insurance. They are exactly the same type of insurance policy. The name Medigap was adopted because these types of policies fill in the coverage gaps left by Medicare alone. handbooks available for you to read:

Medicare Supplemental Insurance:

Medicare Supplemental Insurance also called Medigap Insurance is a private insurance policy that is purchased in addition to Medicare Part A and Part B. Medicare was created in 1965 and its structure is based on the typical coverage of that time consisting of: deductible, co-payments, coinsurance, and benefit periods. Medicare Supplemental Insurance was developed shortly after by private insurance companies to fill in the gaps that were left by Medicare alone. This led to the nickname "Medigap". Medicare Supplemental Insurance benefits are set by the Federal Government and labeled by letters of the alphabet. Medicare Supplement Plan A is the most basic Plan available and a Medicare Supplement Plan F is the most comprehensive of all the supplemental insurance Plans. Medicare Supplement Plans offer the same benefits at each insurance company, each insurance company offers the same Plan F. Not all insurance companies offer every plan that is available, although every company must offer Plan A and F.

New to Medicare?

When you are new to Medicare it is important to first understand the 4 parts of the Medicare system, they are :

  • Medicare Part A - Hospital Insurance
  • Medicare Part B - Medical Insurance
  • Medicare Part C - Advantage Plans
  • Medicare Part D - Prescription Drug Coverage


Once you understand the 4 parts of Medicare then you must choose one of three insurance options, the options are:

  • Medicare Part A and B or
  • Medicare A and B with an additional Medicare Supplemental Insurance Policy or
  • Medicare Part C - an Advantage Plan


Once you have chosen an Insurance option then you must also have :

  • Medicare Part D - Prescription Drug Coverage

Medicare Insurance Agent - V. Reed Speas II

Van "Reed" Speas II

Fort Myers Insurance Agent (239) 288 - 0880
1228 Shadow Lane
Fort Myers, FL 33901
Florida License # W029777

V. Reed Speas II is an Insurance Agent, serving the greater Fort Myers - Cape Coral area, who exclusively sells Medicare Supplemental Insurance. Reed offers a full explanation of the four parts of Medicare and the insurance options available to a Medicare recipient. Reed also offers an expert recommendation on choosing a Medicare Part D plan that is the least expensive for your specific prescription drugs.


Medicare Supplemental Insurance policies in Fort Myers - Cape Coral start at $62.00 Monthly.


Medicare Supplement

This website is designed to help Americans understand the four parts of traditional Medicare and the insurance options available to Medicare recipients. On the top of this web page you will find tabs to learn about: Traditional Medicare Part A and B, Medicare Advantage Plans, Medicare Part D prescription drug coverage, Local Insurance Agents, and Medicare Q and A section with an on-line form to ask question. On the lower left side of this page you will find the official Medicare and you handbook as well as other helpful informational documents to help you make decisions on Medicare insurance.  The bottom of this page is dedicated to Florida Medicare Supplemental Insurance; this website was started in Florida and still provides services to many Floridians.

Current Medicare Premiums and Coinsurance Rates

If you or your spouse has 40 or more quarters of Medicare covered employment then you do not have to pay a Part A (Hospital Insurance) premium, you have paid that throughout your life. Part B is different that must be paid on a monthly basis. Most people have that deducted from their social security check for the amount of 115.40 (2011), this is a 4.4% increase over the 2010 rate. In 2012 the amount for Medicare Part B has lowered to $99.90. The Medicare Part B rate for 2014 is $104.90.

Medicare Part A, Hospital Insurance deductible in 2012= $1156, that covers you hospital stay for the first 60 days. It covers "room and board". The rate increases after day 60 to $289 per day and increases again to $586 per day from day 91-150. After day 150 of a hospital stay Medicare will pay nothing. Skilled Nursing is also included in Part A, Medicare pays all costs up to day 20 after that there is $141.50 daily coinsurance. (these amounts change on a yearly basis)

Medicare Part B, Medical Insurance you pay a deductible of $140.00 per year and 20% of the Medicare-approved amount. That is simple enough, isn't it? Let me explain that using numbers, A doctor charges $100,000 for a heart bypass. Medicare pays $80,000 and your charge would be $20,000.

Compare Medicare Supplement Insurance Plans

When choosing a Medicare Supplemental Insurance product you should take three main factors into consideration: your current health, financial situation and family health history. Florida Medicare Supplement Insurance is guaranteed issue for six months when you join Medicare Part B. There is no medical underwriting during this period of time, if you are sick or prone to sickness this is the time to enroll and a Medicare Supplement Plan F is the best choice for you. You can lock in a Supplement Plan F and have the best coverage available for the rest of your life. Remember with a Medicare Supplement Plan F you can see any doctor at any hospital in the United States at no additional charge, including Medicare excess charges.

The Medicare Supplement Plan N is a very popular Medigap Plan that is a better value while still providing excellent insurance coverage. The Plan N has small office copay and does not cover Medicare part B excess fees. The advantage of the Plan N is that is has a lower monthly premium and will save a subscriber money over time if they do not have excessive office visits. 

The Medicare Supplemental High Deductible Plan F is a great value for a Medigap plan.  There are significant savings on a monthly basis with a monthly premium just a fraction of the price of a Full F Plan.  The catch is the $2070 yearly deductible that must be paid before the benefits will begin to pay.  a insurance company is one of the least expensive providers of the High Deductible Plan F and has an excellent reputation with agents and doctors alike.

Compare Medicare Supplemental Insurance Policies N - F - High Deductible F

Many People when turning 65 and are becoming available for Medicare benefits do not want any additional insurance expenses. They make the decision to simply enroll in Medicare Part B without a Medigap policy, or choose to enroll in a Florida Medicare advantage plan. This approach will save you money in the short run, but like any insurance product, you cannot apply for the insurance after you become ill.

Medicare advantage plans are private health care that takes you off Traditional Medicare. We do not recommend them to anyone with an income over $30,000 or a net worth of $30,000 or more. This is because Medicare advantage plans leave the patient vulnerable to overwhelming medical expenses in the event of serious illness or injury.

Medicare Supplement Guaranteed Issue and Open Enrollment Periods:

Medicare Supplemental Insurance is Guaranteed issue for Medicare recipients in select periods. The most common guaranteed issue period is upon turning 65, there is 7 month window of guaranteed issue. Ending employer sponsored insurance coverage or dropping a Medicare Advantage Plan are additional reasons for guaranteed issue. If you are not in a open enrollment period you must answer health questions to qualify for a supplement policy.

Medicare Supplemental Insurance Plan F

When choosing a Medicare Supplement Policy the Plan F is the most comprehensive Medigap plan available.  The Florida Medicare Supplemet Plan F is the best choice and is unlike any other form of Under 65 health insurance.  There are no referrals necessary and no network doctors or hospitals.  With this supplement plan your health care is up to you.  You can see any doctor anywhere in the United States and you will have all of your co-payments and deductible covered.  

The Plan F Coverage Highlights:

  • Medicare Part A and B deductible
  • 20% Part B Component
  • Foreign emergency coverage
  • Part B Excess Fees
  • Claims are handled by Medicare and the Insurance company, no paperwork to file
  • No coverage limits, network doctors or hospitals
  • No referrals are needed

How Do You Get Medicare Part A and Part B ? Do I Need To Enroll?

Many People Automatically Get Medicare Part A and Part B. If you collect Social Security you will automatically get Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance). If you don't want to keep Part B, you must inform Medicare or you will be charged the part B premium.

Some people need to sign up for Part A and Part B. If you're age 65 or older and you aren't getting Social Security because you are still working, you won't get Part A and Part B automatically. You need to sign up for them by contacting Social Security at 1-800-772-1213.

You can sign up for Medicare Part B 3 months before you are eligible and up to 3 months after. There are penalties if you do not sign up when you are first eligible. read more about Medicare Enrollment Periods

Florida Medicare Supplement Customers

Bruce a resident of Fort Myers Beach, Florida purchased a Medicare Supplement Plan A

Port Charlotte Medicare Supplement
Plan A is the most basic Supplement plan. It will protect you from the very dangerous Medicare Part B 20% coinsurance

John and Martha of Cape Coral, Florida purchased two Medicare Supplement Plan F's when she retired at age 66

Bonita Springs, FL
Plan F covers all deductibles, coinsurances, and excess charges. It is the most complete Medicare Supplement Insurance you can buy

Carol a resident of Naples, Florida purchased a Medicare Supplement Plan F from a insurance company

Medicare Supplement Fort Myers
I like the Medicare Supplement from a insurance company because I can take to policy with me if I move out of the state of Florida

Elle Marie from Bonita Springs, Florida purchased a Medicare Supplement High Deductible Plan F from a insurance company

Baby Boomer Woman
I love having a plan F, I feel protected from medical bills

John a resident of Sarasota, Florida purchased a a insurance company Supplement Plan N.

John Sarasota ,Florida
John also has the 2012 Blue Options Rx (PDP) with a $40 monthly premium and $0 copay for generic drugs via mail order

Maria from Naples, FL purchased a Medicare Supplement Plan F from United American Insurance Company

Naples Medicare Supplement
United American is a great company they have been able to answer all the questions I have had and are very friendly on the phone.



Florida Medicare Supplement Plans

Florida Medicare Supplemental Insurance rates vary due to four main factors: Age, Gender, Tobacco use and zip code of residence. Each Florida Medicare supplement plan offers a range of benefits and the plans are priced accordingly. These plans can be confusing, with this website we have done our best to explain Medicare and what it does and does not cover. If at any time you have any questions or would like to speak to a real person, please feel free to contact our Insurance Agent.

Florida Medicare Supplement Insurance is something every Florida resident should have. It is a health care product unlike any other and it should be taken advantage of it, no pun intended. We offer seven different Medicare Supplement Plans although most of our clients choose Plan A, N, or F. Our Fort Myers Insurance Agent will be happy to answer any of your questions or provide you with Free Medicare Supplement Quotes; he serves all of South Florida. He can be reached by calling 239.288.0880.

South/West Florida Medicare Supplement Rates

Naples, Sarasota and Fort Myers Medicare Supplement rates are some of the lowest in the state. a insurance company offers their Medicare Supplement plan F to 65 year old female resident of Sarasota for around $190 monthly. This same Medicare Supplement Plan F would cost a Fort Lauderdale Medicare recipient $250 monthly. All Medicare Supplement providers have higher rates in Miami-Dade, Broward and Palm Beach counties. The Naples Medicare Insurance products such as Blue Medicare Part D and BlueMedicare PPO are now available in all counties of Florida, as of 2012. Naples Medicare Supplements are priced the same as Fort Myers for most companies, although there can be differences for each Zip Code. Jacksonville Medicare Supplements are priced the same a Fort Myers and Naples for a insurance company. Be sure to compare different Medicare Supplement Plans if the premiums are too high for your budget, the Plan N is a popular choice.

Florida East Coast Medicare Supplement Rates

Miami, Fort Lauderdale, Boca Raton and Boynton Beach Medicare Supplement prices unfortunately are the most expensive in the state of Florida. Miami Dade Medicare Supplements are currently priced at around $270 monthly premium for a plan F. Fort Lauderdale Medicare Supplements are also priced around the same level at $260. As you move further north the prices tend to decrease slightly with Boca Raton Medicare Supplements priced around $250. Medicare Supplement prices are always changing for an accurate quote from an agent feel free to call our preferred insurance agent Mr. Reed Speas at (239) 288 - 0880 .

What Doctors do not accept Medicare Assignment in South/West Florida?

Medicare assignment is and agreement between Medicare and doctors on the amount that Medicare will pay and doctors will charge for a particular procedure. It is referred to as the Medicare approved amount. If a doctor or other health care provider chooses not to accept the Medicare approved the government has implemented a limiting charge at 15% above the Medicare approved amount. The 15% above the Medicare approved amount is referred to as an Medicare excess charge. Some of the doctors that do not accept Medicare assignment in the South Florida area are.

Local doctors that do not accept Medicare assignment:

  • 1. Elizabeth McVeigh Vascular Medicine Fort Myers, Florida
  • 2. Sandra Vella Hematology, Pathology Fort Myers, Florida
  • 3. Shirine Ward, MD Emergency Medicine Naples, Florida
  • 4. Christopher Pham, DO Surgery - Neurological Naples, Florida
  • 5. Stanley Gulin, Surgery Reconstructive Naples, Florida
  • 6. Anton Coleman Neurology, Neuropsychiatry Naples, Florida
  • 7. John Pletincks, MD Surgery - General Fort Myers, Florida
  • 8. Evelyn Kessel, MD Gastroenterology Fort Myers, Florida
  • 9. Ali Sultan, MD Internal Medicine Port Charlotte, Florida
  • 10. Kauser Akhter, MD Internal Medicine Port Charlotte, Florida
  • 11. Nasir Khalidi, MD Neurology Port Charlotte, Florida
  • 12. Dean Silverberg, MD Emergency Medicine, Port Charlotte, Florida
  • 13. William Baker, MD Anesthesiology Cape Coral, Florida
  • 14. Debra Newman Anesthesiology, Pain Management Port Charlotte, Florida
  • 15. Venkatan Padmanabhan, MD Cardiology Port Charlotte, Florida
  • 16. Teresita De Lara, MD Internal Medicine Port Charlotte, Florida
  • 17. Brent Myers, MD Gastroenterology Fort Myers, Florida
  • 18. Vinai Modem, MD Critical Care Medicine Naples, Florida
  • 19. Fred Ferris, MD Internal Medicine, Neurology Naples, Florida
  • 20. Jon Jackson, MD Surgery Naples, Florida


This is a very small list and it was difficult to find doctors in South Florida that did not accept the Medicare approved amounts for their services. The Mayo Clinic in Jacksonville Florida does not accept Medicare assignment. Florida Medicare Supplement Plan F covers the 15% excess charge.


**The information on this website is intended for informational purposes only and may change at any time.   Medicare Supplement Advisor and V. Reed Speas himself are not connected with or endorsed by the U.S. government or the federal Medicare program.


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