MEDICARE SUPPLEMENTS
Learn more about Medicare Supplements below or click for your FREE no-obligation consultation.
WHAT ARE MEDICARE SUPPLEMENTS?
Medicare Supplement plans, also called Medigap policies, are plans sold by private companies that cover those gaps. These plans work alongside your Medicare policies to cover your medical costs. When your Medicare plan asks you to pay for your portion of the bill, your Medigap policy will step in and cover the rest.
Medigap policies can cost more in the short term. However, they can save you a lot of money over time. Read on to learn more about how Medigap policies may be right for you.
MEDICARE SUPPLEMENT PLANS (MEDIGAP PLAN) STRUCTURE
While Medicare Supplement Plans or Medigap Plans are private policies offered by many insurance companies, they must abide by the Centers for Medicare and Medicaid Services (CMS) guidelines. As a consumer, you have the option to compare the plans and companies before you sign up.
Comparing plans can be very confusing, and we make it simple below. If you still have questions, one of our specialists can help walk you through the structure.
There are ten different Medigap plans with two additional special options. The current plans offered are:
- Plan A
- Plan B
- Plan C
- Plan D
- Plan F
- Plan HDF with High Deductible
- Plan G
- Plan HDG with High Deductible
- Plan K
- Plan L
- Plan M
- Plan N
Each plan emphasizes different coverage. Medigap policies are a great way to avoid paying all the out-of-pocket expenses that Medicare requires if you go over your coverage limits. Click here to review the details of each plan.
YOU’RE INVITED!
Click the video to watch a quick introduction to Medicare Part D. Discover if Medicare Advantage plans are right for your medical needs and how to get started.
ENROLLMENT REQUIREMENTS
Having a Medicare Supplement Plan requires having Parts A and B (Original Medicare). A private insurance company must sell a policy to you. It’s essential to weigh your options, as different companies may offer the same policies at different prices.
Once your Medigap Specialist helps you pick the right plan for your medical needs, you enroll in that Medigap policy and pay a monthly premium. After you enroll in the Medicare Supplement Plan, you use Medicare as you normally would. You still must pay your other plan premiums. Any premiums associated with these plans will be billed separately.
PLAN LIMITATIONS
There are rules as to what you cannot have in conjunction with Medicare Supplement Plans. You can’t have Medicare Advantage and a Medicare Supplement Plan together (it’s illegal for an insurance company to convince you to join both). The deciding factor between these options may hinge on the overall better fit for you, especially if you frequently need coverage that only a Medicare Advantage Plan offers.
A vast majority of Medicare Supplement Plans do not cover your dental, vision, or hearing costs. You cannot have drug coverage from your Medicare Supplement Plan and another plan you may enroll in.
WHEN TO ENROLL
After you have Medicare Part A and B, you will have a six-month, one-time enrollment period where you can enroll in a Medicare Supplement Plan without being turned down because of your medical history. You can still try to enroll in a Medigap plan after this period. However, insurers will be able to deny you coverage or raise your premiums.
GET MEDICARE SUPPLEMENT PLAN (MEDIGAP) HELP
Most people could benefit from a Medicare Supplement plan because you never know when you will need it most. The real question is not whether Medicare Supplements are right for you, but which Medigap plan is a good fit.
To learn more about Medicare Supplement plans and which plans best fit your medical needs, contact us today! Simply fill out the contact form below to get access to a complimentary, no-obligation consultation with a local, licensed Medicare insurance agent. As an Orlando, Florida insurance expert, Dale would be happy to answer your questions and assist you in obtaining the best Medicare options for you and your family.
Get The Right Medicare Plan Today
Dale Wondisford
MEDICARE INSURANCE SPECIALIST
18 Years experience helping hundreds of families get the best insurance policy to meet their needs.
FREE CONSULTATION
Fill out the form to get your questions answered by Dale Wondisford with a complimentary no-obligation consultation.