Supplemental Insurance for Seniors with Medicare

Medicare Part A & B are the primary type of Medicare policies that you can receive. They are not supplemental, but instead cover hospital insurance (Part A) and medical insurance (Part B). While they should cover most aspects of your health care, they don’t provide total coverage. As a result, a growing number of Medicare recipients are enrolling in Medicare Supplement insurance for seniors.


What is Medicare Supplement Insurance for Seniors?

Medicare Supplement insurance, otherwise known as Medigap, is insurance for seniors with Medicare that fills in the gaps left by their primary insurance. These policies are typically provided by private companies and pair up with your Medicare plan to create more comprehensive coverage. They cover copayments, coinsurance, and deductible out of pocket costs. 

Is Senior Medicare Supplement Insurance Necessary?

Senior Medicare Supplement insurance isn’t an absolute necessity for all baby boomers. However, these plans are useful for when your Traditional Medicare benefits falls short. Many Medicare beneficiaries don’t realize, until they receive a bill from their physicians office, that their still responsible for out of pocket costs like coinsurance, deductibles and copayments. 

What is the Best Insurance to Supplement Medicare?

Their are 10 senior Medicare Supplement insurance policies available, all with a variety of different benefits. You can find a complete list of the best Medicare Supplement plans here!

Is There an Open Enrollment Period?

Those who qualify for Medicare can change their coverage during the Medicare Annual Enrollment Period. This period stretches from October 15 and ends on December 7. You can find the 2018 Medicare Open Enrollment dates here!

Can I Change My Insurance to Supplement Medicare?

Those interested in changing their insurance to supplement Medicare, who missed their Initial Enrollment Period, can do so during the Open Enrollment Period between October 15 and December 7. However, you may qualify for a Special Enrollment Period. We provided a detailed list of the Medicare Special Enrollment Period rules here.

What About Medicare Part D?

Medicare Part D is an optional choice that you can add to your insurance for seniors with Medicare. It’s a drug plan that helps to cover the cost of your prescription drugs. While it is possible to enroll in this plan at any time, you will have a late enrollment penalty added to your monthly payment period. Medicare Special Enrollment Period rules here.

Will My Doctor Accept My Medigap Policy?

Yes, if your doctor accepts Medicare, they will accept your senior Medigap policy. To read more about what Medicare Assignment is, click here.

How do I Compare Rates for Medicare Supplement Insurance for Seniors?

To compare rates for Medicare Supplement insurance for seniors, you can either give us a call to speak to a licensed agent in your area or complete or online rate form here to see prices side by side with the top carriers now!

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