How many Medigap plans are available?
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A Medicare Supplement (Medigap) plan is a type of health insurance policy that is offered by private insurance companies. These plans help cover certain costs that are not covered by Original Medicare, such as co-insurance, copayments, and deductibles. There are a total of 10 standardized Medicare Supplement Insurance plans that are available in most areas. These Plans range from Plan A to Plan N and each one offers its own set of benefits. Those who choose a Medigap plan to go alongside of Original Medicare, enjoy several advantages like:
Coverage is guaranteed renewable. (This means the insurance company can never drop or terminate you from a plan due to a health condition). When deciding on a Medigap plan, there are a few key factors to consider. Such as which benefits are most important to you, how much of the Medicare gaps you would like to cover and if you have a specific budget in mind. This is why it’s important to speak to a Medicare Expert that can make the process a lot easier, by finding specific plan types that may work for you and to help you understand the options that are available in your area. Our team can help you find great coverage from top rated carriers, at the lowest price, while ultimately making sure the plan suits your needs. Need Medicare Help?Call 855-278-2700 or Click Get Help Now
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Many people find the Annual Enrollment Period quite confusing, so we created an easy-to-follow checklist to help guide you through it. Things to know about the Annual Enrollment Period The Annual Enrollment Period (AEP) runs from October 15th to December 7th each year. It is important to keep in mind your Medicare Supplement (Medigap) policy will not be affected during this time. Medigap benefits remain the same each year. However, you can shop rates if you're looking for lower premiums....
Medicare Advantage plans work in several different ways and each plan differs in benefits. An advantage plan, also known as Part C plans, which people get confused with Medicare Plan C. Plans and Parts are completely different. Medicare Part C combines Medicare Part A and Part B benefits in an all in one alternative to Original Medicare, but can provide additional benefits as well. All Part C plans are offered by Medicare-approved private companies that must follow rules set by Medicare. Some...
When is the Initial Enrollment Period? (IEP) The Initial Enrollment Period begins 3 months before your 65th birthday month, the month of and 3 months after. The Initial enrollment period is a 7-month window where you enroll into Medicare for the first time. You can choose to enroll in Medicare Part A and/or Part B. You may also be eligible to enroll into a Medicare Advantage Plan or Part D Drug Plan. What if I missed my Initial Medicare Enrollment Period? Missing your initial enrollment...