Medicare Supplement plans are Favored by people who have the means to pay for them, because the Policy Holder is able to go to any hospital or physician in the Country who accepts payment from Medicare.  The insured person doesn't have to receive care from a predetermined Network of doctors.  Also, Medical Coverage travels with you if you move or travel anywhere in the United States.  There are some plans that even offer coverage for Emergency Medical Services needed during  travel outside of the United States.

Every Medigap policy must follow Federal and state laws designed to protect you, and the policy must be clearly identified as "Medicare Supplement Insurance." Medigap insurance companies in most states can only sell you a "standardized" Medigap policy.

If they had no prior coverage and simply chose not to sign up for a plan during the 7 month Initial Enrollment Period, they would no longer be guaranteed approval for a Medicare Supplement Plan.  Insurance companies may then put an applicant through a Normal Underwriting process.  A health condition might cause the Insurance company to charge a higher premium, and  a serious pre-existing Health Condition could prevent a person from getting a Medicare Supplement Plan for the rest of their Life.  It is highly recommended that anyone who is eligible for Medicare, also take a Medicare Supplement Plan or a Medicare Advantage Plan before the end of the Initial Enrollment Period.

Anyone who has allowed the Initial Enrollment Period (IEP) to end and has no other plan in place, would No Longer be Guaranteed to enroll in a Medicare Supplement.  They would need to answer questions about their Health and be approved by the Plan, But also, in order to enroll in a Prescription Drug Plan (PDPs will be discussed in another section of this website), they would have to wait until the Annual Election Period (AEP), which takes place from October 15 thru December 7.   If they get declined coverage for the Medicare Supplement Plan, they can apply for and will be guaranteed approval for a Medicare Advantage Plan.  These plans will be discussed on the Next Page.

As you can see there are many details involved when you are planning for your future Medical Coverage.  With some effort and education you can learn everything you need to make an informed decision about whether a Medicare Supplement Plan is best for you and how best to plan your Medicare coverage.

But there are issues that might cause confusion, like enrollment periods and existing insurance policies, and the many different Medicare Supplement Plans and their benefits.  Finally, there is the fact thatInsurance Carriers offer the same Medicare Supplement plans yet they will charge different Monthly Premiums for essentially the same services.

For this reason, you might think It Is Best to consult AN INDEPENDENT INSURANCE AGENT who is authorized to offer Plans from a variety of Insurance Companies.  An Independent Agent can help you understand the Enrollment Process and also the differences in the Benefits of the Available Plans.  Also An Independent Agent can help you find the Lowest Cost Plan among the carriers who offer the Same Standardized plan.

When you are planning for your future health care, it's not only important to have the best Plan available, it is also important to have a good Agent who will keep you informed  when the Costs of different Plans change or when New Plans become Available so that you can make the changes necessary if the time comes where it is cost effective for you to change your plan.

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During this Initial Enrollment Period (IEP) an insurance company cannot refuse to sell you any plan it offers, even if you have serious pre-existing medical conditions.  They are also not allowed to Charge you more for a Medigap policy if you have a health problem.  At Initial Enrollment, You may be required to pay a higher Monthly Premium for your Medicare Supplement Plan if you are a Tobacco Smoker, but you are guaranteed approval and no health conditions should affect your pricing.

AFTER the Initial Enrollment Period (IEP) Ends, Guaranteed Approval typically ends, as well.  The only way a person would still be Guaranteed that an Insurance Company will offer him a Medigap Policy after the IEP ends, is if the person did not take their Supplement Plan because they had a Creditable Health Insurance Plan (possibly from their Employer) at the time they were eligible for Medicare.

The Vast Majority of Medicare Beneficiaries will Age-in to Medicare, and they will be Eligible to Enroll in a Medicare Advantage Plan or to choose a Medicare Supplement Plan during the Initial Enrollment Period (IEP), which is a 7 month period including the 3 months before the month of a person's 65th birthday, the month of their 65th birthday, and the 3 months after. 

In 47 States you are able to choose from up to 10 different standardized Medicare Supplement Plans which are named with letters of the alphabet (A, B, C, D, F, G, K, L, M and N).  The basic benefits of each Plan are dictated by Law, and Insurance Companies are only allowed to offer you one of these Standardized Plans. 

In Massachusetts, Minnesota, and Wisconsin, Medicare Supplement policies are standardized in a different way.

Each standardized Medicare Supplement Plan must provide the same basic benefits, no matter which Insurance Company offers it.  All Insurance Companies who offer Plan F, will offer the same basic coverages.

For Example, Although Each Insurance Company who offers Plan F will provide the same  benefits as every other carrier offering Plan F, the Carriers often DO NOT CHARGE THE SAME MONTHLY PREMIUMS for the Same Standardized Plan.  And Prices can vary Widely! 

Medicare Supplements - Eligibility and Enrollment

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Medicare Supplements - Available Plans and Cost

After you decide which Plan is best for you,
How will you know which Company charges the Lowest Premium?

Neill Aarons, Independent Agent
(561) 450-5252 (954) 667-9790

Medicare Supplements

Medicare Supplement Plans are offered by Private Health Insurance companies to help pay the costs that Original Medicare does not cover, like Part A & B Deductibles and Co-payments.  Medicare Supplement companies charge Policy holders a Monthly Insurance Premium for the Plans.

Because these plans fill "the gaps" in Government Primary Medicare coverage, they are referred to as Medigap Insurance.  Medicare Supplement plans are considered to be Separate from Original Government Medicare, and when an Insured Person receives Medical Care, they will be expected to show to the Care Provider BOTH their Government Medicare Card and their Medicare Supplement Card, so that the Care provider can coordinate cost sharing benefits between Medicare and the Insurance company.

In order to purchase a Medicare Supplement Plan a person must first be enrolled in Original Medicare Part A & Part B.  Medicare Supplements are intended to help cover the Expenses that Original Medicare plans don't cover, so you must be eligible and enrolled in Original Medicare and you must continue to pay your Part B premium and your Medicare Supplement premium to remain enrolled in the Plan.

Medicare Supplements are traditionally purchased by people who are just turning 65 years of age.  They are often said to be Aging-in to Medicare.  As mentioned in an earlier section, if you are under 65 with certain disabilities you may become Eligible for Original Medicare, and thus eligible to purchase a Medicare Supplement as well.

These Plans provide the most Flexibility.  If you are enrolled in a Medicare Supplement Plan you are able to see ANY doctor and receive Medical Care at ANY hospital, Nationwide, which has a Medicare Contract and accepts payment from Original Government Medicare (Primary Medicare). 

There is a Monthly Cost for these plans.  But they are generally believed to be the Best Coverage you can get.  Some Plans cover All deductibles and co-payments.  You simply pay your Monthly Premium, and never pay another Penny for Medical Care.  Please remember that Prescription Drug Costs are Not included in these plans.    

For this reason, you might thinkIt Is Best to consult AN INDEPENDENT INSURANCE AGENT who is authorized to offer Plans from a variety of Insurance Companies.  An Independent Agent can help you understand the differences in the Benefits of the Available Plans, and Also help you find the Lowest Cost Plan among the carriers who offer the Same Standardized plan.

When you are planning for your future health care, it's not only important to have the best Plan available, it is also important to have a good Agent who will keep you informed  when the Costs of different Plans change or when New Plans become Available so that you can make the changes necessary if the time comes where it is cost effective for you to change your plan.