Medicare Supplement, also known as Medigap, Insurance plans check out here fill in gaps left behind by original Medicare, including deductibles, Coinsurance, and copays, leaving many people with less than comprehensive coverage. In 47 states, a Medicare Supplement plan is available to provide extra Medicare coverage at a premium that is lower than Medicare Parts A and B. Although Medicare Supplement Plans may cover some of the same benefits as Parts A and B, they do not include all of the benefits. Part A and B are also a combination of different policies and cover many of the same items, but only those items that are specifically excluded from Medicare Parts A and B.
Medicare supplement plan | supplement | plan | states | plans} There are five basic kinds of Medicare supplement policies. The state that you live in can help you determine which type of plan best meets your needs. Massachusetts is one of the states that allow residents to choose between two different plans. If you reside in MA the Mass Health Insurance Policy is the law; if you do not then the state-run supplement policy is your choice.
The open enrollment period begins with enrolling in Medicare Parts A and B. You must enroll in the plan before the open enrollment period begins. Some plans offer a grace period after enrollment to allow patients to explore their options and compare quotes. Patients must also complete a Medicare Supplement Eligibility Certificate that lists their health history and current medical condition when applying for coverage.
There is an optional additional feature known as the Medicare Part D prescription drug benefit. Before enrolling in Medicare supplement insurance plan basic benefits, please note that this benefit is not available with all plans. Please contact a licensed Medicare consultant to find out if your medical plan offers this extra benefit. I am not a Medicare consultant but if you need more information on Medicare supplements please feel free to contact me.
There are various different ways to pay for your medications each month. You can pay your medication premiums either monthly or annually. Most plans offer the opportunity to switch from monthly to annual coverage by paying a fee for a one-time enrollment fee. Please visit my website listed below for more information on selecting a Medicare supplement plan that best meets your needs.