What’s Medicare Supplement Insurance (Medigap)?
Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.
How to compare Medigap policies
Medicare Supplement Plans
Your first chance to enroll is during your open enrollment period. The period begins on the first of the month you turn 65—as long as you enroll in Part B. During open enrollment, insurance companies cannot delay your coverage start date, charge you higher premiums, or deny you a policy due to your health. These protections are called “guaranteed issue rights,” and in situations where these rights apply, federal law allows you to buy any Medigap plan that is sold in your state.
Guide to Medigap policies
If you are confused about Medigaps, how to enroll, or what policy is best for you, contact your State Health Insurance Assistance Program (SHIP). You can find the number for your SHIP by visiting www.shiptacenter.org. For additional information on Medigap policies in your state, you can also contact your State Department of Insurance.
Medicare: What Are Medigap Plans?
However, you may have to wait up to six months for coverage if you have a pre-existing health condition. The insurer through which you buy your Medigap policy can refuse to cover out-of-pocket costs for pre-existing conditions during that period. After six months, the Medigap policy must cover the pre-existing condition. The exception to this rule is if you buy a Medigap policy during your open enrollment period and have had continuous “creditable coverage,” or a health insurance policy for the six months before buying a policy. The Medigap insurance company cannot withhold coverage for a pre-existing condition in that case.
Compare Medicare Supplement Plans A
Medicare Supplement insurance works differently in Massachusetts, Minnesota, and Wisconsin, which standardize their plans differently from the rest of the country. Insurance companies that sell Medicare Supplement insurance aren’t required to offer all plan types. However, any insurance company that sells Medigap insurance is required by law to offer Medigap Plan A. If an insurance company wants to offer other Medigap plans, it must sell either Plan C or Plan F in addition to any other plans it would like to sell.
Michigan Medicare Supplemental Plans
Medicare Advantage plans are popular but they’re not your only choice. Don’t want to have to write a check every time you get care? Our other plan options may interest you. You pay a monthly premium for these plans. They pay most of the costs you share with Original Medicare. They may include other benefits too, like coverage for emergency care when you’re traveling.