Medicare Supplemental Insurance Plans and AARP Medigap

Original Medicare (Parts C and D) covers most but not all your healthcare costs. Medicare Supplemental Insurance Policies, also known by the name Medigap plans, help you pay for costs such as copayments and coinsurance that Medicare does not cover. You will pay a monthly fee for your plan, and you can use any hospital, doctor or supplier who accepts Medicare.

Medicare Advantage Plans, also known as Part C, are privately-run health care plans offering additional benefits. These extras are not available through Medicare Parts A & B. These extras include fitness and dental benefits, as well as vision and hearing care. They also cover preventive services, such a welcome to Medicare physical examination, bone density measurement, and blood pressure screening.

Medicare Advantage plans include HMOs as well as PPOs and FFSs. Some require you to use networks of providers for lower costs. Others let you go outside the networks for higher costs without referrals.

Most Medicare Advantage plans include prescription drug coverage. In general, the Medicare approved drug cost per service will be limited. You can also get a Medicare plan that does not require you to pay any monthly premiums, but the majority of these plans have an annual fee.

AARP offers Medigap policies through trusted providers with a proven track record of customer satisfaction and a commitment to your success. Our agents understand how important it can be to find a plan that fits your specific needs. They will work with you to determine your coverage goals and learn more about your situation before making a recommendation. We also want to know how you plan to pay for Medicare and how lifestyle impacts your medical requirements so that we can recommend you the best plan.

When selecting a Medicare supplements plan, ensure that you select a plan that is approved by government. Each plan has a specific coverage, but costs and services vary from provider-to-provider. You’ll need to look at the financial strength, history of rate increases and overall experience of each provider.

Ask the Medicare Supplemental Insurance Plans company whether you can get any unused premiums back if you decide to cancel a plan. This is usually only an option during the six-month open enrollment period, which starts the month you turn 65 and enroll in Medicare Part B. If you cancel after that period, you may be charged up to 11 months of premiums.

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