Medicare and Medigap Blog

Medicare Supplement Medigap (14)

Medicare Supplemental Plan N

Featuring similar benefits to Plan D, Medicare Supplement Plan N consists of a $20 co-payment for doctor visits and a $50 co-payment for emergency room visits, which is applied once the $155 deductible is paid. The cost of these plans has premiums around 70% of the cost of Plan F or approximately 77% of current Plan D. Medicare Supplement Plan M also has similar benefits to Plan D, but only covers 50% of the Part A deductible and none of the part B deductible. Plan M is priced at around 85% of Plan F (or 92% of current Medicare Supplement Plan D.

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Medicare Supplemental Plan M

Medicare Supplement Plan M (and several others) is now available for purchase as of Jan 1, 2013.  As one of several new plans, these new plans offer attractive coverage for those willing to exchange higher out of pocket expenses for lower monthly premiums.

Medicare Supplement Plan M is a cost sharing plan. What this means is that "the insured is responsible for any additional out of pocket expenses when compared to Plan CPlan DPlan F and Plan G."  Ultimately, they work similar to Medicare Advantage coverage, however, unlike Advantage plans, there will be no network restrictions for the insured.

The freedom from having to operate within a small network of health care providers will be a distinct advantage for Plans M; you are free to visit any doctor or hospital that accepts Medicare patients! 

Plan M Highlights:

  • All Medicare Basic Benefits Fully Covered

  • No Co-Payments for Emergency Room (ER) or Office Visits

  • Cover 50% of Part A Deductible

  • Does Not Cover Part B Deductible

  • Does Not Cover Part B Excess

Part B Excess Coverage

Many states (for example Ohio and Pennsylvania) do not allow doctors to charge for Part B excess.  If you live in one of these states and plan on maintaining a residence there, then you need not worry about this benefit.  If you live in a state that does allow for these charges, then be aware that you could have higher out of pocket expenses should you choose a supplement that does not cover Part B excess.

Plan M Insurance Providers

There are several supplemental providers offering either Plan M, N, or others through independent agents.  Depending on your state and zip code of residence there will be a handful of competitive providers, including Mutual of Omaha, Assured Life, Family Life, Gerber Life, Loyal American, Anthem, United Healthcare and a few others who offer affordable coverage in several states.

 

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Medicare Supplemental Plan L

Medicare Supplement Plan L offers many of the same basic benefits as other Medicare Supplement insurance plans, but provides you with a much lower monthly premium. In exchange for a lower premium, Plan L covers less of the copayments and coinsurance than other Medicare Supplement plans. As well, each plan offers an out-of-pocket maximum, which limits the amount you will pay annually.

Typically, Medicare Supplement Plan K offers a lower monthly premium than Plan L, but offers higher co-payments and a higher annual out-of-pocket limit.

Medicare Supplement Plan L is a good option if you seek a Medicare Supplement policy with an affordable premium, but still want a reasonable amount of coverage for a wide variety of services. This plan is similar to Plan K, except it covers a higher percentage of your costs, offers a lower annual out-of-pocket amount and out-of-pocket limit,a slightly higher monthly premium.

Medicare Supplement Plan L Coverage:

  • 100% Coverage for Part A hospitalization coinsurance, plus coverage for 365 days after Medicare benefits end

  • 75% Hospice out-of-pocket cost sharing

  • 75% of Medicare-eligible expenses for the first three pints of blood

  • 75% Part B coinsurance, except for preventive care services, which are covered 100%

  • 75% Coverage for Skilled Nursing Facility coinsurance

  • 75% Coverage for your Medicare Part A Deductibles

  • $2,310 out-of-pocket Annual Limit

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Medicare Supplemental Plan K

Plan K completely covers the cost sharing for Part B preventive services, the Part A hospital co-insurance and an additional 365 days of hospital coverage.

Plan K also covers 50% of the Part A and Part B blood deductibles, the Part B co-insurance, the skilled nursing facility co-insurance, cost sharing associated with the hospice benefit, and the Part A hospital deductible.  Plan K also covers 100% of all cost sharing under Medicare Parts A and B for the rest of the calendar year once a beneficiary reaches an out-of-pocket limit of $4000.

 

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Medicare Supplemental Plan G

Medicare Supplement Plan G is a semi-popular Medigap plan as it covers most of the big expenses approved by Medicare Insurance.

The only time you will have to pay the gaps left by Medicare Part A and Medicare Part B is for the Medicare Part B calendar year deductible. Other gaps in coverage left by Medicare Supplemental Insurance Plan G is for services not covered by Medicare such as 20% of Part B Excess Charges and Preventative Care. Medigap Plan G does pay for At Home Recovery which is not approved by Medicare Insurance.

Covered by Medicare Supplemental Plan G

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Skilled Nursing Coinsurance

  • Part A Deductible

  • Part B Excess

  • Foreign Travel

Not Covered by Medicare Supplement Plan G

  • Part B Deductible

Medigap Plan G will provide you with most of the supplemental insurance coverage you need and often at affordable Medigap rates compared to Medicare Supplement Plan F. However, it is important to shop around to find the best value between all plans (especially the most comprehensive Medicare Supplement Plans F) before making a purchasing decision.

To compare rates on multiple Medicare Supplemental Insurance Companies and Plans simply fill out the form to the right to get started. Or, if you need the assistance of a licensed Medicare Supplement Insurance Specialist you can call (888) 875-4463 today.

 

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Medicare Supplemental Plan F

Medicare Supplement Plan F is a standardized Medicare Supplemental Insurance Plan that is available in most states. From our experience the Medigap Plan F has become the most popular of all Medicare Supplement Plans as it contains comprehensive coverage for everything Medicare Insurance doesn’t cover as long as the charge is approved by Medicare Insurance.

In short, if Medicare Part B or Medicare Part A pay a penny on a doctor or hospital charge, Medicare Supplement Insurance Plan F will pay whatever is left.

This Comprehensive Coverage makes Medicare Supplement Plan F very attractive. Of all Medigap Plans that supplement Medicare Insurance, Medicare Supplemental Plan F is owned by more people than any other Medicare Supplement Insurance Plan.

Below are the eight gaps covered by Standardized Medicare Supplemental Insurance plans. 6 of these 8 gaps are covered by Medicare Supplement Plan F. The two gaps that aren’t covered (At Home Recovery and Preventative Care) are not covered by Medicare Insurance at all.

Covered by Medicare Supplemental Plan F

1) Basic Benefits:

  • Part B Coinsurance (Generally 20% of outpatient expenses)

  • Hospital Coinsurance

  • 365 Additional Days Hospitilization Coverage

  • Blood Deductible Coverage

2) Skilled Nursing Coinsurance

3) Part A Deductible

4) Part B Deductible

5) Part B Excess

6) Foreign Travel

Medicare Supplement Plan F is very popular because of its comprehensive coverage for procedures covered by Medicare Part A and Medicare Part B. However, some people find a more complete coverage option in Medicare Supplemental Plan J and even sometimes at a lower premium.

However, for those who wish the peace of mind of knowing all Medicare approved procedures will be covered and don’t mind taking on the risks involved for At Home Recovery and Prevenative Care, Medigap Plan F can be a tremendous choice. It is important to shop around for different Medicare Supplement Plans including the most comprehensive (Plan J) before making a final decision. As Medicare Supplemental Insurance Companies base Medigap rates on many different factors, more coverage does not always mean lower premiums and lower premiums does not always mean less Supplemental Insurance coverage.

To compare Medicare Supplement Insurance rates and plans from top rated insurance companies in your area, simply fill out the form to your right or call today at (888) 875-4463.

 

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Medicare Supplemental Plan D

Medicare Supplement Insurance Plan D covers most of the high risk areas not covered by Medicare Insurance. A Medicare Supplemental Plan D can sometimes be less expensive than other more comprehensive plans such as Medigap Plan J or Medigap Plan F but leaves gaps in coverages that these other plans don’t.

Medicare Insurance Recipients who choose Medicare Supplemental Plan D often do so because they don’t feel they need coverage for the Part B Deductible, Preventative Care and Part B Excess Charges and wish to save money on their premium by taking lesser coverage. Before purchasing a Medicare Supplement Plan D, make sure to compare rates on more comprehensive Medicare Supplement Plans such as Medigap Plan F or J. Often by shopping different Medicare Supplemental Insurance Companies you can find a more comprehensive Medicare Supplement Plan for at lower rates.

Covered by Medicare Supplemental Plan D

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Skilled Nursing Coinsurance

Part A Deductible

Foreign Travel

Not Covered by Medicare Supplement Plan D

  • Part B Deductible

  • Part B Excess


Medigap Plan D is only recommended on very rare occasions. For most people, you are better off with a more comprehensive Medicare Supplement Plan such as Medicare Supplemental PlanF or J.

 

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Medicare Supplemental Plan C

Medicare Supplement Insurance Plan C covers every penny of what Medicare Insurance approves, up to the payment amount Medicare Insurance approves.

In other words, there are only two instances in which Medicare Supplement Plan C will not cover what is left of your charges after Medicare Insurance pays.

  1. When Medicare doesn’t approve the charge at all.

  2. When your provider charges more than the Medicare Insurance Approved amount. This is because Medicare Supplement Plan C does not cover Part B Excess Charges as shown below.

 

Covered By Medicare Supplemental Insurance Plan C

1) Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

2) Skilled Nursing Coinsurance

3) Part A Deductible

4) Part B Deductible

5) Foreign Travel

Not Covered By Medicare Supplement Insurance Plan C

6) Part B Excess Charges

Medigap Plan C is a good Medicare Supplement Plan to have and many find it to contain complete coverage when their physicians accept Medicare assignment and all their procedures are approved by Medicare Insurance. Before purchasing Medicare Supplemental Plan C, however, Compare the premiums to Plan F and Plan J through multiple Medicare Supplemental Insurance Companies to see if you can get additional benefits for a similar or even lower premium.


To compare rates and plans on Medicare Supplemental Insurance from top rated insurance companies in your area, simply fill out the form to the right or call today to speak with a Licensed Medicare Supplement Insurance Specialist at (888) 875-4463.

 

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Medicare Supplemental Plan B

Standardized Medicare Supplement Plan B is available in most states. It covers Basic Benefits as described below and Skilled Nursing Co-Insurance but nothing else. In some rare cases, the premium for a Medicare Supplemental Plan B may make it worth taking on the risk of those things not covered. However, most people find a better alternative than Medigap Plan B by choosing Medicare Supplement Insurance Plans D, G, H or I at a similar price when they shop around for Medicare Supplement Insurance.

An even better option is to Compare Rates on Medicare Supplement Plans F and J as they offer the most comprehensive coverage and often at prices similar or even less than the above mentioned plans.

Covered by Medicare Supplement Plan B

Basic Benefits:

  • Part B Coinsurance (Generally 20% of outpatient expenses)

  • Hospital Coinsurance

  • 365 Additional Days Hospitilization Coverage

  • Blood Deductible Coverage

  • Skilled Nursing Coinsurance

Not Covered by Medicare Supplemental Plan B

  • Part A Deductible

  • Part B Deductible

  • Part B Excess

  • Foreign Travel

Medigap Plan B is rarely the best alternative but it is important to shop around to find what plans and premiums for Medicare Supplement Insurance that supplements your Medicare Insurance Coverage best at a price that you can afford.

To compare rates on multiple Medicare Supplemental Insurance Companies, simply fill out the form on the right or call today to speak with a Licensed Medicare Supplement Insurance Specialist at (888) 875-4463.

 

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Medicare Supplemental Plan A

Medicare Supplement Plan A is required to be offered by all Medicare Supplemental Insurance Companies who wish to offer Medicare supplemental insurance to cover what Medicare Insurance doesn’t cover.

Though Medicare Supplemental Plan A covers less than all other standardized Medicare Supplement Insurance Plans, those on a budget or those who are covered by Medicare Insurance due to a disability find it to often be a good option.

Medicare Plan A covers only the Basic Benefits portion of standardized Medicare Supplement Insurance Plans.

Before purchasing a plan A, be sure to compare rates on Medicare Supplement Plans J and F to see if these more comprehensive Medicare Supplemental Insurance Plans will work better for you.

Covered by Medicare Supplement Plan A

Basic Benefits:

* Part B Coinsurance (Generally 20% of outpatient expenses)
* Hospital Coinsurance
* 365 Additional Days Hospitilization Coverage
* Blood Deductible Coverage

Not Covered by Medicare Supplemental Plan A

Skilled Nursing Coinsurance

Part A Deductible

Part B Deductible

Part B Excess

Foreign Travel

Most Medicare Insurance recipients find it in their best interest to find more comprehensive Medicare Supplemental coverage than that offered by Medicare Supplement Insurance Plan A. However, for many people who are on Medicare Insurance due to a disability, those under age 65, this may be one of their only options as many Medicare Supplemental Insurance Companies don’t offer any of the other plans to people on disabilities.

Others who find Standardized Medigap Plan A suitable are those who only wish to cover their most important expenses and wish to take on some risk themselves.


To find compare multiple Medigap Insurance Companies Rates on Plan A and many other Plans, simply fill out the form to the right or call today to speak with a Licensed Medicare Supplemental Insurance Specialist today at (888) 875-4463.

 

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Saving Money on Medicare Supplemental Insurance

  1. How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?
     

  2. Which Medicare Supplemental Insurance Policy is the Best?
     

  3. What Should I Consider When Choosing a Medicare Supplemental Insurance Company?
     

  4. How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?
     

  5. How do I Change My Medigap Plan in Order to Save Money?
     

  6. If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?
     

  7. When Should I Make My Medigap Policy Effective?
     

  8. What is the Fastest Way I Can Get Covered and Start Saving Money?

1. How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?
We make it easy for you at Medigap360. All you have to do is request a multi-company Medicare Supplemental insurance rate analysis from our website.

2. Which Medicare Supplemental Insurance Policy is the Best?
From our experience we have found plan F and plan J to be the most popular. However, many people have found plan D, G, E, H and I very economical. It always depends on your particular situation and risk tolerance. If you are having trouble deciding, one of our licensed Medicare Supplemental insurance specialists will be happy to assist you in finding the best plan for you.

3. What Should I Consider When Choosing a Medicare Supplemental Insurance Company?
Though all companies offer similar standardized plans there can still be some differences. You want to make sure that you are purchasing from a licensed insurance company in your state with an approved Medicare Supplemental insurance policy. Other things you may want to consider is if the company puts a waiting period on pre-existing conditions and if that applies to you. Financial strength is also important. Do not be too concerned if you haven't heard of the company before, there are many insurance companies out there that are very dependable that don't spend tons of money on advertising to make their name known.

4. How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?
We hope, first of all that you find the information on this site to be helpful. We feel that we have put together the most comprehensive website on Medicare Supplemental insurance information in the country. Furthermore, we have taken painstaking measures to present it in a way that is easy to understand and will help you to make the right money saving decisions about your Medicare Supplemental insurance coverage and be able to get back to your life. However, we know that all this information can be overwhelming when you don't do this for a living like we do. We will be happy to help you in any way we can. You can call our toll free number and talk to a licensed Medigap specialist and we will help to educate you in deciding what the very best policy is for you and your family and we can even help you to enroll. You'll find our specialists to be the most knowledgable in the industry because all we have been doing since 1984 is helping seniors save money on their Medicare Supplemental insurance while ensuring comprehensive coverage.

5. How do I Change My Medigap Plan in Order to Save Money?
If you already have a Medicare Supplemental insurance policy you most likely will be able to change to another policy if you find a lower premium. In most cases, you will be able to change without any waiting periods or loss of one day of coverage. However, this must be handled properly with the assistance of a licensed agent. If you would like to see if you are eligible to save money on your Medigap premiums, simply fill out our simple rate analysis inquiry or call us toll free at (888) 875-4463 and we will be able to determine if changing is right for you. If it is, we can guide you through every step of the process to make sure you save the most amount of possible without any gaps in your Medicare Supplemental insurance coverage.

6. If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?
In most cases you will not. Medicare Supplemental insurance providers have the option to put up to a 6 month waiting period on pre-existing conditions. If you are subject to this waiting period then previous conditions that you had before applying for coverage may not be covered. However, any new conditions that arise will be covered immediately.

Some companies exercise this option and some don't. However, if you have been covered by a previous Medigap policy or other creditable coverage for the length of the companies waiting period, that waiting period will be deemed as satisfied and you will have coverage from day one. Furthermore, no Medicare Supplemental insurance company is allowed to have any exclusions to their coverage for past medical conditions beyond the pre-existing conditions waiting period. That means that if a company issues you a policy, they cannot exclude certain medical conditions that you have. If they issue you a policy and you are not subject to a waiting period on pre-existing conditions, they will have to cover all conditions old and new.

7. When Should I Make My Medigap Policy Effective?
If you are just now becoming eligible for Medicare you should make the effective date as soon as possible but no earlier than the effective date of Medicare Parts A and B. If you are replacing coverage, you should apply in time with a future effective date long enough out to recieve and review your policy before the effective date of coverage. This will give you time to make sure your transaction was handled properly and that the right policy was issued before cancelling your existing coverage.

8. What is the Fastest Way I Can Get Covered and Start Saving Money?
The fastest way is to call and speak with one of our licensed Medicare Supplemental insurance specialists at (888) 875-4463. They will be able to evaluate your situation, determine the best plan of action for you and help you get started.

 

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Many Medicare recipients are unwittingly getting trapped in restrictive Medicare Advantage plans without knowing all the facts.  Here are a few solid pointers that will help you and your loved ones know what you're really getting into before you take the plunge.   Be sure to read all the way through to my recommendations on the bottom of this article. 

Brandon

Medicare Advantage Plans vs Medicare Supplement and Medigap Insurance

1) You should not make a decision to buy a Medicare Advantage Plan by comparing the premium of the plan to your Medicare Supplemental Plan

Many Agents will try to compare your Medicare Advantage plan premiums to that of your Medicare Supplemental policy, and they are normally lower.

However, a lower price is no more a reason to buy a Medicare Advantage plan and give up Medicare Parts A and B. than it is to buy a scooter rather than a Mercedes just because it costs less.

To compare prices and come up with a good decision, you must make sure that you are making an apples to apples comparison. This is impossible with Medicare Advantage Plans and Medicare Supplemental Plans as they vary in benefits and structure. Medicare Supplemental Plans along with Medicare Parts A and B normally offer many more benefits and freedoms than Medicare Advantage Plans. In the end, you get what you pay for.

2) To enroll in a Medicare Advantage Plan, you must give up coverage from Medicare Parts A and B

If you choose a Medicare Advantage HMO or PPO Fee For Service Plan, you will be dis-enrolled from Medicare Parts A and B.

Medicare will then pay a monthly premium to the Medicare Advantage plan to provide your health care. The plan may require you to pay an additional premium and may charge you a co-payment each time you go to the doctor or get a prescription.

To join a Medicare Advantage plan, you must have both Medicare Part A and B and not have end-stage renal disease. Also, not all plans are available in all areas of the state that you live in an area that has a plan.

3) You can have increased control over your choice of healthcare providers with Medicare Parts A and B alone rather than a Medicare Advantage Plan, even without a Medicare Supplemental (Medigap) Plan.

Medicare Parts A and B allow you to choose any physician or hospital in the United States. In critical times, this freedom to choose and access the best providers could make a huge difference in treatment, and even save your life.

Medicare Advantage Plans are not so flexible, possibly with severe consequences. Medicare HMOs require you, in most instances, to use only physicians and hospitals in the HMO's network. You can generally go to any doctor or provider you want with a private fee-for-service plan you must find a provider that will treat you and accept the plans terms and conditions.

4) Medicare parts A and B alone (without a Medicare Supplemental) can provide you comparable benefits to Medicare Advantage Plans without restricting your ability to choose your healthcare providers or putting administrative restrictions on your physician for claim payments and referrals

Medicare Advantage Plans must provide, by law, at least the same benefits (or actuarial equivalent) of Medicare. However, this can be deceptive. What this means is that they will offer you benefits based on dollar amounts only that will average what Medicare offers, though they may package the benefits differently. Packaging differences can best be explained by taking a dollar away from you in one place and giving it back in another, which maintains the "actuarial equivalent" requirement. However, though the average payments will be similar after care has been received, Medicare Advantage Plans may restrict or delay you from receiving treatment at that you would choose if your insurance coverage allowed you whatever you wanted.

5) Do not purchase a Medicare Advantage Plan solely to get Prescription Drug Coverage

If you are eligible for Medicare Advantage Plans, you are eligible for Medicare Part D plans that you can keep without giving up Medicare Parts A and B or your Medicare Supplemental (Medigap) Policy.

6) A Medicare Advantage Plan will restrict your right to choose your physicians and hospitals, even with Private Fee for Service Plans, possibly resulting in serious health consequences.

Medicare Advantage Plans only require that they offer you a certain type of healthcare. For instance, if you needed treatment for colon cancer, for instance, they would have to allow you to see physicians and hospitals who treat cancer. However, if you chose to take advantage of the increase in survival rates demonstrated by a hospital or treatment center that specializes in cancer treatments and a physician who specializes or has great experience in colon cancer, you may not be allowed to use them, or you might experience severe delays with your Medicare Advantage Plan. What's worse, if you decide to go to them and pay on your own, you will no longer have Medicare Parts A and B to fall back on. You will be responsible for 100% of all costs.

7) A Medicare Advantage Plan may choose not to renew their contract with Medicare each year in any area. If this happens, you will no longer be allowed to participate in the plan.

Medicare Supplemental Plans and Medicare, however, are guaranteed renewable for life. You can never lose coverage as long as you pay your premiums. What's Important About Making Healthcare Decisions with Health Insurance Remember, the reason that you have health insurance is not solely for the sake of having health insurance. Health insurance for the sake of merely having insurance is boring and expensive. Instead, you purchase insurance to ensure that, if and when health problems occur, that you will be able to recieve the best quality healthcare without regard to the costs involved. Many Seniors make the mistake of simply purchasing insurance based on the monthly cost, possibly exposing themselves to serious health risks caused by reduced access to healthcare.

My reccomendations:

  1. Ultimately it is best to stay enrolled in Medicare Parts A&B and have a comprehensive Medicare Supplemental (Medigap) policy to pay the gaps that Medicare doesn't cover.
  2. If you cannot afford your Medicare Supplemental Policy, first shop around to make sure that you are paying the lowest premium possible. Enter your information above to request a Free Medigap Insurance Quote from Medigap360.
  3. Even if you can afford your current Medicare Supplemental policy, it is best to shop around to make sure that you are not paying more than you have to.
  4. If you still cannot afford Medicare Supplemental Insurance, do not enroll in a Medicare Advantage Plan. Instead, stay with Medicare Parts A&B. This will provide you access to choose any physician or hospital without delay. For the gaps that are left by Medicare coverage, you should be able to work out payment plans with your provider or find charitable programs to assist you . We have never heard of anybody who was not able to get the treatment that they need when they have Medicare Part A and B alone.
  5. Do not take a Medicare Advantage Plan just for Prescription Drug Coverage. Talk with a qualified and licensed Medicare Supplemental Specialists about your prescription drug insurance options including Medicare Part D.

Call for your Free Medigap Insurance Quote

(888) 875-4463

Read more…

  • How do I find the best price for my Medicare Supplemental Insurance Coverage?
  • Which Medicare Supplemental Insurance Policy is the best?
  • What should I consider when choosing a Medicare Supplemental Insurance Company?
  • How can Medigap360 Help Me in choosing and applying for Medigap coverage?
  • How do I change my Medigap Plan in order to save money?
  • If I change my Medigap Coverage will I have a waiting period for pre-existing conditions?
  • When should I make my Medigap Policy effective?
  • What is the fastest way I can get covered and start saving money?



How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?

We make it easy for you at Medigap360. All you have to do is request a multi-company Medicare Supplemental insurance rate analysis from our website.

Which Medicare Supplemental Insurance Policy is the Best?

From our experience we have found plan F and plan G to be the most popular. However, many people have found plan C, D, E and I very economical. It always depends on your particular situation and risk tolerance. If you are having trouble deciding, one of our licensed Medicare Supplemental insurance specialists will be happy to assist you in finding the best plan for you.

What Should I Consider When Choosing a Medicare Supplemental Insurance Company?

Though all companies offer similar standardized plans there can still be some differences. You want to make sure that you are purchasing from a licensed insurance company in your state with an approved Medicare Supplemental insurance policy. Other things you may want to consider is if the company puts a waiting period on pre-existing conditions and if that applies to you. Financial strength is also important. Do not be too concerned if you haven't heard of the company before, there are many insurance companies out there that are very dependable that don't spend tons of money on advertising to make their name known.

How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?

We hope, first of all that you find the information on this site to be helpful. We feel that we have put together the most comprehensive website on Medicare Supplemental insurance information in the country. Furthermore, we have taken painstaking measures to present it in a way that is easy to understand and will help you to make the right money saving decisions about your Medicare Supplemental insurance coverage and be able to get back to your life. However, we know that all this information can be overwhelming when you don't do this for a living like we do. We will be happy to help you in any way we can. You can call our toll free number and talk to a licensed Medigap specialist and we will help to educate you in deciding what the very best policy is for you and your family and we can even help you to enroll. You'll find our specialists to be the most knowledgeable in the industry. Since 1984, all we have been doing is helping seniors save money on their Medicare Supplemental insurance while ensuring comprehensive coverage.

How do I Change My Medigap Plan in Order to Save Money?

If you already have a Medicare Supplemental insurance policy you most likely will be able to change to another policy if you find a lower premium. In most cases, you will be able to change without any waiting periods or loss of one day of coverage. However, this must be handled properly with the assistance of a licensed agent. To check your eligibility and save money on your Medigap premiums, simply fill out our rate analysis inquiry or call us toll free at (888) 875-4463. We will be able to determine if changing is right for you. We can guide you through every step of the process to make sure you save the most money if possible, without any gaps in your Medicare Supplemental insurance coverage.

If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?

In most cases you will not. Medicare Supplemental insurance providers have the option to put up to a 6 month waiting period on pre-existing conditions. If you are subject to this waiting period then previous conditions that you had before applying for coverage may not be covered. However, any new conditions that arise will be covered immediately.

Some companies exercise this option and some don't. However, if you have been covered by a previous Medigap policy or other creditable coverage for the length of the companies waiting period, that waiting period will be deemed as satisfied and you will have coverage from day one. Furthermore, no Medicare Supplemental insurance company is allowed to have any exclusions to their coverage for past medical conditions beyond the pre-existing conditions waiting period. That means, if a company issues you a policy, they cannot exclude certain medical conditions that you have. If they issue you a policy and you are not subject to a waiting period on pre-existing conditions, they will have to cover all conditions old and new.

When Should I Make My Medigap Policy Effective?

If you are just now becoming eligible for Medicare you should make the effective date as soon as possible but no earlier than the effective date of Medicare Parts A and B. If you are replacing coverage, you should apply in time with a future effective date long enough out to receive and review your policy before the effective date of coverage. This will give you time to make sure your transaction was handled properly and that the right policy was issued before cancelling your existing coverage.

What is the Fastest Way I Can Get Covered and Start Saving Money?

The fastest way is to call and speak with one of our licensed Medicare Supplemental insurance specialists at (888) 875-4463. They will be able to evaluate your situation, determine the best plan of action for you and help you get started.

Read more…

Medigap Eligibility

Insurance companies must sell you a Medigap (Medicare Supplement) plan during certain periods of time — one period is called "open enrollment period." The others are called "guaranteed issue periods."

At other times, insurance companies may refuse to sell you a policy. If you have or used to have health problems, you may not be able to buy the Medigap plan of your choice. Most companies will have a few simple health questions that your Medigap360 Medicare Supplement Specialist can ask you to determine your eligibility.

Eligibility: Open Enrollment & Guaranteed Issue Periods

Open Enrollment

Seniors: Medigap companies must sell you a policy - even if you have health problems - if you are at least 65 and apply within six months after enrolling in Medicare Part B. These six months are called your "open enrollment" period. During open enrollment, a company must allow you to buy any of the Medigap plans it offers. You can use your open enrollment rights more than once during this six-month period. For instance, you may change your mind about a policy you bought, cancel it, and still have the right to buy any other Medigap policy, so long as the sale takes place during the six months after you enroll in Medicare Part B.

Although a company must sell you a policy during your open enrollment period, it may require a waiting period of up to six months before covering your pre-existing conditions. Pre-existing conditions are conditions for which you received treatment or medical advice from a physician within the previous six months.

Your right to open enrollment is absolute, even if you wait for several years after you become 65 to enroll in Medicare Part B because of continued employment or other reasons.

People with disabilities: People under age 65 who receive Medicare because of disabilities have a six-month open enrollment period beginning the day they enroll in Medicare Part B. This open enrollment right is only applicable to Medigap Plan A. Companies selling Medicare supplement insurance in Texas may not deny you a Plan A policy because you have pre-existing conditions. Companies are not required to offer the other plans to Texans with disabilities, but they may do so if they wish. During the first six months after you turn 65 and are enrolled in Medicare Part B, you will have a right to buy any of the 12 plans.

Guaranteed Issue

You may have the right to buy a Medigap policy outside of your open enrollment period if you lose certain types of health coverage. For people over age 65, the guaranteed issue right applies to Medigap plans A, B, C, F, K, and L. For people under age 65, this guaranteed issue right applies only to Medigap Plan A. In general, this right is for 63 days from the date coverage ends or from the date of notice that coverage will end. Companies may not place any restrictions, such as pre-existing condition waiting periods or exclusions, on these policies. This is called "guaranteed issue." You must provide proof of the loss of your health care coverage. Texans under age 65 with disabilities who enroll in Medicare Part B also have guaranteed issue rights, but they are only eligible for Medigap coverage under Plan A. This guaranteed issue right is also extended to people on Medicare who lose Medicaid because of a change in their financial situation.

Guaranteed Issue and Medicare Advantage Plan Disenrollment

What often goes unnoticed about Medicare Advantage Plans is that they reserve the right to terminate their contract with Medicare from year to year in any service area that they wish. When this happens, you will no longer be able to continue with your plan and will be placed back on Original Medicare at the beginning of the following year.

If your Medicare Advantage plan terminates its contract in your service area, you have the right to purchase any Medigap plan A, B, C, F, K, or L offered in your state without regard to your medical history or condition. If your Medicare Advantage plan ends services in your area, it must explain to you in writing your options and timeframes to buy a Medigap policy.

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