Dear senior,
I’m planning to enroll in the original Medicare within a few months, and I’m told that I’ll probably also need to get a Medicare supplemental policy. Please give me some tips for choosing one.
Almost 65
Dear, almost,
If you have the original Medicare, it is wise to get additional insurance (also known as Medigap Insurance) as it helps you pay for things that are not covered by Medicare, such as out-of-pocket insurance, joint insurance, and Part A deductions. It’s an idea. Here are some tips to help you choose the right plan.
Medigap plan
In all states except three states (Massachusetts, Minnesota, Wisconsin), the Medigap plan, sold by private health insurance companies, is available to new subscribers in eight different standardized plans. These plans have the letters A, B, D, G, K, L, M, N, plus two Cs and Fs, and are only available to those who are eligible for Medicare before 2020. I can do it.
Plan G is the most popular policy among new subscribers as it covers the most comprehensive range of benefits. Plan G monthly premiums typically range from $ 100 to $ 300, depending on age and state of residence. If it exceeds the amount you are willing to pay, some plans have lower premiums but higher deductions. Out-of-pocket costs.
For more information on different types of plans and coverage, including the Medicare option in Massachusetts, Minnesota, and Wisconsin, visit Medicare.gov / publications.[キーワード]Type “Choose a medi gap policy” in the box to download the 2022 guide. Alternatively, call 1-800-MEDICARE and ask them to mail you a copy.
How to choose
Consider your health, family medical history, and budget to choose the best Medigap policy for you. The differences between the plans are small and can be quite confusing.
Please visit Medicare.gov / medigap-supplemental-insurance-plans and enter your zip code to help you make your choice. This will provide you with a list of plans available in your area, their price range and name, and contact information for the company that sells them. However, you will need to contact the carrier directly or call the state health insurance support program to get specific pricing information. For contact information, see ShipHelp.org or call (877) 839-2675.
All Medigap policies with the same character must cover exactly the same benefits (as required by law), so you should buy the cheapest policy. Sign up within 6 months of registering for Medicare Apartment B for the best price. During this open registration period, the insurance company may not refuse to sell insurance or charge additional fees for your health.
You also need to be aware of the pricing methods that affect your costs. Medigap policies are typically sold as one of the following: A “community rating” where everyone in the area is charged the same premium regardless of age. A “issue age rating” based on the age at which the policy was purchased, but only increased by inflation, not age. And although insurance premiums start low, “achieved age evaluation” increases with age. Community rate and issue age rating policies are the best option as they can save you money in the long run.
You can buy the plan directly from your insurance company or work with a reputable insurance broker.
Scope of drug
You also need to be aware that the Medigap policy does not cover prescription drugs. Therefore, if your medication is not covered, you will also need to purchase another Medicare Part D medication plan. See Medicare.gov/plan-compare to compare plans. Also, keep in mind that the Medigap plan is not intended for vision, dental care, hearing aids, or long-term treatment.
Alternative options
Instead of getting a Medicare policy and a separate Part D drug plan in addition to the original Medicare, you can sign up for a Medicare Advantage plan (see medicare.gov/plan-compare) that offers all-in-one coverage. These plans sold by insurance companies are usually available through HMOs and PPOs that need care within a network of doctors.
Send your senior questions to: Savvy Senior, PO Box 5443, Norman, OK 73070, or visit the following website: SavvySenior.org..Jim Miller is a contributor to NBC today Show and author “Familiar senior” Book.
