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Where To Buy Medicare Supplemental Insurance !EXCLUSIVE!

To help with these expenses and limit their exposure to catastrophic out-of-pocket costs for Medicare-covered services, a quarter of beneficiaries in traditional Medicare (25 percent) had a private, supplemental insurance policy, known as Medigap in 2015 (Figure 2). Medigap serves as a key source of supplemental coverage for people in traditional Medicare who do not have supplemental employer- or union-sponsored retiree coverage or Medicaid, because their incomes and assets are too high to qualify. Medicare beneficiaries also purchase Medigap policies to make health care costs more predictable by spreading costs over the course of the year through monthly premium payments, and to reduce the paperwork burden associated with medical bills.1

where to buy medicare supplemental insurance

Ongoing policy discussions affecting Medicare and its benefit design could provide an opportunity to consider various ways to enhance federal consumer protections for supplemental coverage or manage beneficiary exposure to high out-of-pocket costs. As older adults age on to Medicare, they would be well-advised to understand the Medigap rules where they live, and the trade-offs involved when making coverage decisions.

Medicare supplement insurance, sometimescalled Medigap, is private insurance that fills in the gaps left byMedicare. For instance, when you have ahospital or doctor bill, Medicare pays its approved amount first, then thesupplemental insurance pays other costs, such as deductibles and copays.

An alternative to Original Medicare and Medicare supplementinsurance is Medicare Part C, or Medicare Advantage. These Medicare-approved health plans are runby private insurance companies and provide benefits for hospital, doctor, andother health care provider services covered under Original Medicare Parts A andB as well as supplemental benefits that vary by plan. The insurer receives money from Medicare andmay also charge you a premium in some cases, depending on the benefits covered.Medicare Advantage might require you touse certain doctors and hospitals.

This information only applies only to prescription drug plans that are authorized by Medicare to sell prescription drug insurance to Medicare beneficiaries. You can learn about the Medicare Prescription Drug benefit at, by calling your closest SHIP office 888-696-7213, or by calling Medicare at 800-633-4227.

The Medicare deductibles, coinsurance and copays listed are based on the 2023 numbers approved by the Centers for Medicare and Medicaid Services. You can go to any hospital, doctor or other health care provider in the U.S. or its territories that accepts medicare. You don't have to use our network. Blue Cross Blue Shield of Michigan administers Blue Cross medicare Supplement plans. Where you live, your age, gender and whether you use nicotine products (including e-cigarettes, vaping, and nicotine patches or gum) may affect what you pay for your plan. Your health status may also affect what you pay. This is a solicitation of insurance. We may contact you about buying insurance. Blue Cross Medicare Supplement plans aren't connected with or endorsed by the U.S. government or the federal Medicare program.

Medicare also offers Medigap, which is private supplemental insurance that helps pay for some healthcare costs like copayments, coinsurance, and deductibles. You should apply for Medigap within 6 months of enrolling in Medicare Part B (medical insurance). To learn more about the different coverage options under Medicare and how to enroll using the Medicare Plan Finder, call (800) MEDICARE.

Medigap Plans are supplemental insurance plans for Medicare recipients that help cover what traditional Medicare does not, such as copayments, coinsurance, and deductibles. This includes the 20% not covered by Medicare Part B for outpatient services (i.e. dialysis) and immunosuppressant medication for transplant recipients.However, Medigap policies do no cover everything. Typically they do not cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.

Each supplemental insurance plan has its own rules. Carefully consider you and your family's health care needs before purchasing a supplemental insurance plan. In some cases, such as with TRICARE Prime, the cost of the supplemental plan may exceed your out-of-pocket expenses.

Medicare Supplement Insurance is a type of supplemental medical insurance for seniors that is sold by private insurance companies to help cover some costs after Original Medicare (Medicare Parts A and B). These costs are mainly out-of-pocket expenses such as copayments and coinsurance for covered Medicare services. Medigap policies are designed to work only with Original Medicare. So, you must be enrolled in both Medicare Part A and Part B to buy a Medigap plan.

When it's time for you to sign up for Medicare, you have 3 primary options: You can choose to pay what Medicare doesn't cover from your own pocket, buy supplemental insurance, such as Medigap, or buy an all-in-one policy called a Medicare Advantage Plan. 041b061a72


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