Learn The Basics Of Medicare Supplement Plans

Wondering whether a supplemental plan is right for you, or just wondering what exactly they are? Well, we're here to help. Medicare Supplemental Insurance Plans (also called Medigap Plans) are designed to help pay some of the hospital and medical costs not covered by Original Medicare's Parts A & B. Medigap Plans are offered by private insurance companies, and here's how they work. Medigap plans help cover some or all of the costs that you pay with Parts A & B like deductibles, co-pay, and co-insurance. They also let you choose your own doctor or provider, and they move with you if you travel or move within the US. However, Medicare Supplement Plans don't cover things like; vision, hearing, dental or long-term care, and prescription drugs.

Seniors in situations where they need a Medicare Supplement to visit doctors can also enroll in a Part D Drug plan to allow them to get medications and the other things Medicare Supplement Plans don't offer benefits for. Medicare Supplements and a Part D Drug plan can be combined to create a more complete coverage for your needs. Policies and prices can vary from one company to another, so it's important to compare monthly premiums, the type of coverage and benefits you would get, and your monthly budget to be sure a particular plan is the right one for you.

Generally, you have to be enrolled in Medicare Parts A & B to buy a Medigap plan, and you have to continue to pay your part B premium. Keep in mind that with a Medigap plan, you pay for your Medicare Part B premium, and your Medigap Plan premium. But there's more, and it's important, so listen up. If a Medigap Plan is right for you, the best time to buy is 6 months after you turn 65. If you sign up then, you can't be rejected (basically you're a guaranteed issue at that point), or charged more for having a prior medical condition.

There are about 12 plans to choose from, so take the time to review and compare each plan, then decide which one makes sense for you. In our experience, a Plan F is the most popular amongst seniors enrolling in a new plan. This is because of the simple fact that it covers you 100%. If you've calculated the costs, and you don't think you'd be able to afford a Plan F, there's other options out there worth looking at like a Plan N or G. Those plans however don't have all the same benefits as a Plan F so keep that in mind.

If you're ready to find out with Medicare Supplement Plan is best for you, please go ahead and enter your zip code above and click on "Get Quotes Now". You will be glad to know that our exclusive online quoting system can guide you through the entire process of figuring out what plan is right for you, and which company offers you the lowest rates. Get started now!