Medicare supplement plans for 65+
65th birthday just around the bend? You’re not alone! In the US, it’s estimated that 8,000 people are turning 65 each day. We know that the transition to Medicare can be confusing. What will it cover!? Which “Parts” do I need?!
In addition to Medicare, a Medicare Supplement Insurance policy can help pay some of the health care costs that original Medicare doesn’t cover, like copayments, coinsurance, and deductibles. Let us help clear up the confusion about this transition and get you covered with your forever insurance so you can stop worrying and start relaxing. You’ve earned it!
First step, apply for Medicare Parts A & B at www.Medicare.gov.
What's Medicare Supplement Insurance (Medigap)?
Medicare Supplement Insurance (Medigap) is extra insurance you can buy from a private health insurance company to help pay your share of out-of-pocket costs in Original Medicare.
You must have Original Medicare – both
Part A (Hospital Insurance) and
Part B (Medical Insurance) – to buy a Medigap policy.
You get a 6 month “Medicare Supplement Open Enrollment” period, which starts the first month you have Medicare Part B and you’re 65 or older. During this time, you can enroll in any Med Supp policy and the insurance company can’t deny you coverage due to pre-existing health problems. After this period, you may not be able to buy a Med Supp policy, or it may cost more. Your Med Supp Open Enrollment Period is a one-time enrollment. It doesn’t repeat every year, like the Medicare Open Enrollment Period.
Med Supp plans generally help cover your share of costs for services that are covered by Original Medicare (Part A and Part B). The benefits are different in each plan – you can buy the one that meets your needs.
What's Covered?
Med Supp policies help cover out-of-pocket costs associated with Original Medicare, like:
Some Med Supp policies cover services that Original Medicare doesn't cover, like emergency medical care when you travel outside the U.S. (foreign travel emergency care).