Medicare Supplement Plans in Alabama
Alabama Medicare Supplement Plans are health policies that provide additional coverage for Traditional Medicare. Out of pocket expenses such as deductibles, coinsurance, and copayments can be covered through Medigap.
Offered by private health insurance companies, Medigap plans help fill the holes in Medicare. Original Medicare is Part B and Part A.
For example, if James only has Traditional Medicare he’s at risk for high out-of-pocket healthcare expenses.
Medicare Supplement Plans in Alabama
If James is admitted to the hospital because of chest pain, he’ll need to pay the hospital the Part A deductible. This deductible is $1,364 and requires payment for each benefit period.
So, if two weeks later James breaks his hip and becomes admitted to the hospital, he’ll need to pay the Part A deductible again. Also, James will pay 20% of the remaining hospital costs.
Now, If James had Medigap Plan F, then he wouldn’t pay anything except his monthly insurance premium.
Alabama Medicare Benefits Parts & Plans Broken Down
Understanding Medicare in Alabama can be difficult; discover the basics below and learn how selecting a plan can be made simple!
Alabama state health insurance benefits are as follows:
- Medicare Part A: Hospital coverage is utilized for care a beneficiary may receive during hospitalization such as an inpatient hospital, a skilled nursing facility, a nursing home as well as home health care and some hospice settings.
- Medicare Part B: Utilized for doctor and outpatient coverage. This is for most medically necessary and preventive services. Such as annual wellness visits, outpatient services, medical equipment, labs, and x-rays.
- Medicare Advantage or Part C: Many of these plans are $0 a month. Typically, they include prescription coverage. However, these plans have serious limitations; such as doctor networks and prior authorization requirements.
- Medicare Part D: Prescription Drug Plans (PDP) cover medications. They’re used alongside with Traditional Medicare Parts A & B.
- Alabama Medigap Insurance Plans: Created to cover what Traditional Medicare does not. A Medigap policy combined with a PDP will give an Alabama beneficiary optimum coverage.
Medicare Coverage in Alabama
A Beneficiary is responsible for 20% of medical costs; in addition to premiums, deductibles, and copayments.
Discover 10 Medicare Supplement Plans Alabama has to fill in the gap in your Medicare plan. Fill out the form provided, or contact the number above.
Medigap Eligibility in Alabama
For an Alabama resident to qualify for Medicare Supplement benefits, they must be first covered by Medicare Part B and 65 years of age.
When Alabama Medicare beneficiaries turn 65 years old, enrolling in Part B will provide them with eligibility for the Medigap Open Enrollment Period (OEP). This Period only lasts for 6 months; also, it only happens once in a beneficiaries lifetime.
Medigap Supplement Coverage for those Disabled Under 65
Alabama residents with Railroad Benefits or SS Benefits for 24 months as well as End-Stage-Renal Disease (ESRD) will immediately qualify for Original Medicare. However, Alabama Medicare Supplement Plan carriers aren’t required to cover Medicare beneficiaries receiving disability.
If you’re a disability beneficiary in the state of Alabama, please call us for information about policies available to you.
Apply for Medicare Supplement Plans Alabama
Apply for Medicare Supplement Plans in Alabama at any time.
Although, if you apply as soon as eligibility begins the application process is easier. This is because the OEP is effective for the first 6-months you receiving Part B.
So, if your 65th birthday is July 26, then you’re Part B will likely be July 1st. Therefore, Medigap OEP will begin on July 1st; this is when Guaranteed Issue (GI) rights are offered to you.
GI allows enrollment in a policy without experiencing additional costs or denial related to health conditions.
Medicare Supplement Costs in Alabama
Companies offering Medigap policies charge rates based on different rating methods; however, things such as location, birthday, and gender could affect the monthly premium.
For instance, someone living in Mobile may have a different rate than someone living in Birmingham. Medigap benefit rates are determined by three different pricing methods.
You will want to understand which method the company you select uses because some rates may change as you age. This could cause you to pay more money when you are older and your health is declining.
Best Alabama Medicare Supplement Plans
There are ten lettered Alabama Medicare Supplement Plans, A-N. Benefits for like plans have the same coverage no matter which company is selected. The difference is the rate at which the company choices to charge for the Medigap plan.
These top plans offer travel coverage, which is something that Original Medicare does not. Out of the top coverage plans, the most common are F, G, and N.
Medicare Plan F in Alabama
Medicare Supplement Plan F has the highest amount of value and the lowest cost out of pocket expenses. Making it the most popular supplement plan. These benefits will cover any additional hospital or physician costs not covered by Medicare, including coinsurance and copayments under Part B.
This plan option also offers a High Deductible Plan F, which is the same policy with a higher deductible and a lower monthly premium.
Plan G in Alabama
Medigap Plan G covers the Original Medicare Part A deductible; however, this plan won’t cover the Medicare Part B deductible. The Part B deductible for 2019 is $185.
Alabama Medigap Plan G can provide more value than Plan F at times; if you save over $185 annually by selecting Plan G instead of Plan F, then it’s in your best interest to pay the deductible yourself and save a few bucks.
This plan offers an affordable option with the same great coverage as Plan F.
Medicare Plan N in Alabama
Medigap Plan N can save beneficiaries money throughout the policy. This policy will cover similar to Plan G; however, this plan doesn’t cover excess charges.
Alabama Medigap Plan N also requires copayments for certain services; such as copayments of $20 at physician visits and copayments of $50 at an ER visit without hospital admission.
Alabama Medicare Advantage
Private insurance companies approved by Medicare sell Medicare Advantage plans. Also known as a Medicare Replacement, this coverage will require you to follow a strict doctor network and abides by policy rules.
Medicare Supplements in Alabama join together with Original Medicare to provide beneficiaries with quality coverage. You receive access to any US doctor accepting Medicare. This makes understanding your coverage simple.
Alabama Medicare Part D
Prescription Drug Plans (PDP) offers coverage for prescription drugs a physician prescribes, with exceptions such as weight loss medication.
Part D doesn’t cover over the counter drugs. Original Medicare doesn’t cover drugs, if you don’t enroll in Part D as soon as possible, you could incur a Part D late enrollment penalty.
Alabama Medicare Savings Program
Medicare recipients with lower incomes may be eligible for one of several Medicare Savings Program.
Alabama offers 4 different programs designed to meet your individual needs. SHIP is a National resource that can help those in need.
Also, those with a low-income need to apply for extra help. If eligible, you could receive assistance paying for prescriptions. This includes Part D premium, copayments, and deductible expenses could be less if your income is below a certain amount.
Compare Rates for Medicare Supplemental Insurance in Alabama
Alabama Medigap gives you coverage in the gaps left by Traditional Medicare. Premiums vary between companies, plans, and locations.
Comparing these rates can be daunting and confusing, MedicareFAQ can help ease the process for you. Simply call the number above to get started.
Can’t call right now? Just fill out an online rate form and discover rates online!