Medicare Supplement Plans
What is a Medicare Supplement Plan?
Medicare Supplement plans are health insurance plans offered by private insurance companies to cover for healthcare costs that are not covered under the Original Medicare plan.
A Medicare Supplement plan is also known as a Medigap plan. It covers out-of-pocket costs such as co-payments, co-insurance and deductibles. It may also cover health costs when you travel outside of the United States.
MedicarePlan65 connects Medicare beneficiaries to the best available coverage plan providers within their area of residence. We'll help you get all the information you need to make the best decision for your healthcare needs. We do this by connecting you to Medicare officials, no matter where you live in the US.
Contact us today to get started with your Medicare supplement plan application.
- What is covered by a Medicare supplement insurance plan
- Who is eligible for Medicare supplement plans
- How to get enrolled in a plan
Know Your Coverage Options
What Does a Medicare Supplement Plan Cover?
If you are the age of 65 or older, are you wondering whether the Medicare Supplement plan is right for you?
Medicare Supplement Coverage is also known as Medigap insurance and covers every other cost that original Medicare does not.
The Medigap plan covers costs such as:
It may also cover your health costs when you are traveling outside the country.
Applying for a Medicare Plan
When you apply for the Medigap policy, the Original Medicare plan pays for all the Medicare-approved healthcare costs, and then Medigap will pay for its share.
Medigap plans are offered by private insurance companies and are different from the Medicare Advantage plan.
Medigap policies do not cover long-term care and other benefits such as dental care, eye care, eyeglasses, hearing the care and private duty nursing.
You are entitled to these services only after enrolling in the Medicare Advantage Plan, which is provided by the Government. Medicare Advantage also provides a prescription drug plan.
Remember: you cannot have a Medicare Advantage plan and the Medicare Supplement Plan at the same time.
Who is Eligible for Medicare Supplement Plans?
Medicare Supplement Plans are available to persons above 65 years who have already had Medicare Part A and Medicare Part B.
Medicare Part A generally covers all the inpatient medical services which refers all the services you receive when you stay at a hospital or a nursing facility. Part B covers the costs of a doctor's services.
However, you are not allowed to have the Medicare Supplement plan if you currently have the Medicare Advantage Plan.
The best thing to do in this scenario is to wait until the Open Enrollment period between October 15th and December 7th. From here, you can drop the Medicare Advantage plan, and remain with the Original Medicare Cover.
To learn more about the Medigap plans in your area, you can contact us to connect with the best plan providers in your region.
The Medicare Personal Plan Finder is an online tool that you may use to identify the best Medigap policies that meet your health needs.
Why You Should Consider Getting Medigap Coverage
There are very many benefits of having Medigap coverage instead of the Medicare Advantage plan, especially when you are over the age of 65.
Freedom of Access
Medicare Supplement plans give you the freedom to choose the doctors and hospitals from over 800,000 providers in the nation. You do not require any referral to see a specialist whenever you have this coverage.
With Medigap, you no longer have to worry about network restrictions when you fall sick and need urgent medical attention.
Guaranteed renewal for life
Unlike the Medicare Advantage plan that can be terminated by a private provider, Medigap insurance can't be cancelled without notice by your insurance provider. If you default on premiums payments, your plan provider may be forced to terminate the agreement.
Medigap plans require that you pay a monthly premium of a specific amount of money depending on the category that you choose. The insurance rate may vary depending on age, gender and whether or not you use tobacco.
Freedom to travel
Did you know that Medigap can cover all your health expenses when you are outside the US?
This solution is sometimes preferred over the Medicare Advantage Plan, which only covers your health costs when you are within the United States.
To get this coverage, you may have to pay a higher monthly premium to your private insurance company, but the benefits are outstanding.
If you're over 65 and already have the Original Medicare Plan, you might want to consider enrolling in a Medicare supplement plan with a private insurance company.
MedicarePlan65 helps you connect with Medicare beneficiaries like you to the leading plan providers in your area. Contact us today to help you get the Medigap Plan that meets all of your needs.
How to Apply for a Medicare Supplement Plan
Are you wondering how to apply for the Medicare Supplement Plan? Here is a step by step process on how to get enrolled in a Medigap plan:
Wait for the Medigap open enrollment period
The ideal time to enroll in the Medicare Supplement Plan is when the Medigap open enrollment period is on. You can get the plan with a guaranteed issue in your area fast and easy during the first 6 months after turning 65.
If you miss the Medigap open enrollment period deadline, then you can still purchase another type of Medigap policy known as the Medicare Select.
By acquiring the Medigap policy, you have the right to change your mind within 12 months or move into the standard Medigap insurance policy.
Choose the private insurance company of your choice
During the Medigap open enrollment period, you can choose a licensed insurance company that offers the best Medigap plan for your healthcare. The insurance company can be within your state.
Dis-enrollment of the Medicare Advantage Plan
If you currently have a Medicare Advantage Plan, then you cannot be enrolled in a Medigap insurance plan. You have to drop the Advantage plan to join the Medicare Supplements Plan.
Moreover, it is illegal for an insurance company to give you Medigap insurance cover when you still have the Medicare Advantage Plan.
The Benefits of Using MedicarePlan65.com
If you are looking to enroll in a Medicare Supplement insurance policy, then MedicarePlan65.com may connect you to a reputable private insurance company in your area.
We link Medicare beneficiaries like you with Medicare providers in every state throughout the country. We help you get all the information you need to make a great choice on the Medigap policy that meets all of your health needs.
Are you having difficulty finding the best Medigap insurance policy for your needs?
Get in touch today for help finding the best plan providers near you.