Medicare Supplement Insurance Plans Arizona, Texas

Medicare Supplement Insurance

Medicare Supplement Insurance Plans

Since Medicare alone isn’t designed to pay for everything, Medicare Supplement plans are designed to pay for things that Medicare approves, though does not pay 100%.

A Medicare supplement insurance policy, also known as a Medigap policy, helps pay your share (coinsurance, copayments or deductibles) of the costs of Medicare-covered services. Some Medicare supplement policies cover certain costs not covered by Original Medicare Parts A and B.

Companies Offer the Same Basic Benefits

Medicare supplement insurance companies can only offer standardized Medicare supplement coverage identified by letters A through N. Each standardized Medicare supplement insurance policy must offer the same basic benefits, no matter which insurance company sells it. Cost and customer service are usually the only difference between Medicare supplement policies sold by different insurance companies.

When Can I Apply for Medicare Supplement Insurance Plan?

First must enroll for Part B
Eligibility typically starts 90 days prior to 65th birthday
Coverage begins 1st day of month
You’re past your open enrollment period as long as you don’t have other coverage
You want a Medicare supplement plan with a lower premium
You leave your Medicare Advantage/Private Fee for Service plan
Your employer discontinues its group retiree health coverage

MEDICARE ADVANTAGE PLAN PART C

Includes all benefits and services covered under Part A and Part B
Run by Medicare-approved private insurance companies
Usually includes Medicare Prescription Drug Coverage (Part D) as part of the plan
May include extra benefits and services for an extra cost

What are my Medicare coverage choices?

There are 3 main ways to get your Medicare coverage.