- Why Do I Need Health Insurance?
- What to Look For in Healthcare
- Saving Money On Healthcare
- Blue Cross Blue Shield Plans
- Why Blue Cross Blue Shield?
- Health Savings Accounts
- Short Term Plans
- Dental Care
- Insurance For Students
- Insurance For Small Business
Medicare Supplemental Insurance Plans
A Medicare Supplement plan - also called Medigap - helps cover what your Medicare plan doesn't. Costs that wouldn't be covered under an original Medicare plan may be covered with a supplement plan. While Medicare is provided by the Federal government, Medicare supplemental insurance coverage is bought from private insurance companies.
A Medicare Supplement plan can reduce your out-of-pocket costs. Including your Medicare plan's:
How Can I Get A Medicare Supplement Plan?
To get a Medicare Supplement plan, you usually need to be enrolled in Medicare Part A and B. But if you are enrolled with a Medicare Advantage plan or Medicaid, you can't get a supplement plan. Also, if you already have another supplement plan, you won't be able to get an additional plan - unless you are cancelling the old one.
Medicare Supplement has an open enrollment period that lasts 6 months, much like the enrollment for a Medicare Part D plan. The enrollment period starts when your Medicare Part B coverage begins, if you are over 65. You can find your Part B coverage start date on your Medicare card.
Finding A Supplement Plan
There are 12 different standardized supplement plans available. So you'll have options when it comes to finding the plan with the best and most affordable coverage.
By law, each standardized plan has to offer the same benefits, no matter what company offers it. But insurance companies may set different premiums and they can set waiting periods before coverage starts - so make sure you find the supplement plan best for you.
If you are ready to find a plan and review rates, get your instant Medicare Supplemental Insurance Quote and you can review all your options in the privacy of your own home.
