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Who Is Eligible For Medicare Supplement Insurance?

In order for you to join either a Medicare Advantage plan or a Medicare Supplement plan you are required to enroll into both Part A and Part B of Original Medicare.  If you need help to learn how to enroll into Part A and Part B of Original Medicare please click the following link: Start Here

Once you have received your Part A and Part B enrollment effective date then you are eligible to purchase a Medigap policy.  

That being said depending on when you want to sign up for a Medigap plan you may be required to answer some health related questions in order to qualify for a Medigap plan.  Please check out our page dedicated to Medicare Eligibility.  

If you are within 6 months of initially enrolling into Medicare Part B coverage, or you are about to turn age 65, you will be able to enroll into a Medigap plan on a guaranteed issue basis.  Please check out our link for Medicare Enrollment Periods to learn more about the different time periods to enroll.

Also, if you are losing group health insurance, or a similar situation, you may also be guaranteed acceptance into a Medicare Supplement Plan. In other situations, you may be required to answer health questions.

In order to determine what you are eligible for, we advise to give us a call and we can explain your options. Call today at (562) 735-3553.

Medigap

Where Do I Purchase Medicare Supplement Insurance?

You can purchase Medicare Supplement Insurance many different ways. Most consumers will initially complete much of the research necessary online in order to gain a better understanding of the options available to them.

After you feel you are well informed most individuals reach out to an independent insurance Agent like ourselves so we can shop the entire market and find the Medicare coverage that is most suited for your needs at the best price.  We work with all of the top insurance companies across the country and can help assist you in purchasing almost any Medigap Policy that you desire.

There are a few Medicare insurance carriers we will not work with as we have found them to not be a good option for our clients due to their financial size being to small, last of staff to manage our clients needs, and many times they simply don’t pick up the phone.  Because we are seasoned in the insurance industry we have waded through the sea of insurance carriers and only work with those carriers that we can personally trust. 

The quickest way to compare plans & prices, and/or sign up is to fill out our online quote form or give us a call at (562) 735-3553 and one of our Medicare Insurance Agents will assist you.

What Is The Difference Between Medicare Supplement & Medicare Advantage?

A Medicare Supplement Insurance Plan and a Medicare Advantage Plan are two very different types of insurance that many individuals confuse as being the same. It is important to understand what each plan is and is not in order to purchase the best coverage for your needs.

Put simply, a Medicare Supplement Insurance plan works alongside with Original Medicare as a secondary insurance policy that is sold by private insurance companies. This secondary insurance policy designed to fill in the “gaps” left behind by Original Medicare Part A & Part B.

Original Medicare does not cover 100% of your medical bills, so you are able to purchase a secondary insurance policy to either take care of most if not all of the cost not covered by Original Medicare.  Again, it works alongside with Original Medicare so you keep all of the rights that come along with Original Medicare.

With a Medicare Supplement aka: Medigap plan you will also need to obtain a Part D prescription drug coverage.  Many people prefer this option as you can have 30 plus drug plans to pick from that best suit your needs.

On the other hand, a Medicare Advantage Plan is a complete replacement of Original Medicare. If you sign up for a Medicare Advantage plan, you are agreeing to leave Original Medicare and instead follow the rules and regulations that are set forth by the Medicare Advantage Company you select, not Original Medicare. 

Most Medicare Advantage Plans will either be an HMO or PPO type of plan, cover only In-Network Doctors, Hospitals & Cancer Facilities, co-pays, deductibles, Max Out of Pocket cost, co-insurance up to 20% of the cost for service and more.  In additional the Medicare Advantage plan will include a single Part D prescription drug plan as your only option under the plan you pick.  You are not allowed to obtain an outside Part D plan when you join a Medicare Advantage plan in most cases.  

One last note: Medicare Supplement Plans typically have a low to zero out of pocket costs (Depending on the plan you select) other than the monthly premium or a Part B annual deductible (2020 equals $198).  See below image for your review of available plans.  In 2020 we have found that most people are selecting Plan G as their go to Medigap plan.  Plan names are listed on the top line from Plan A-Plan N.  For Plan G the check mark means the insurance company is covering 100% of the cost.  For those individuals who turned 65 after Jan 1, 2020 Plan F is no longer a plan option.

Medigap Plan Chart 2020

When Can I Sign Up For Medicare Supplement Insurance?

With all of the enrollment periods and dates you sign up for different things, many people are under the misperception that you can only sign up for a Medicare Supplemental Insurance plan at certain times throughout the year–when in fact this is not true.

You can actually sign up for a Medicare Supplement Plan at any time throughout the year. However, there are some timeframes to be aware of.

  1. First you are required to be enrolled into Original Medicare Part A and Part B 
  2. There is the “Initial Enrollment Period” which is a one time only opportunity lasting 6 months from when you initially get Medicare Part A and Part B. During this 6 months, you can purchase any Medicare Supplement Plan through any company with guaranteed acceptance–regardless of your current health conditions.
  3. If you are losing insurance coverage through an employer or in a similar situation, you may be eligible for a “Guaranteed Issue” period lasting 63 days, in which you can purchase a Medicare Supplement Insurance–again with no health questions asked.
  4. The final way to purchase a Medicare Supplement Policy is simply to answer the health questions and go through medical underwriting.

 

Call us today to learn more and get the process started at: (562) 735-3553.

How Can I Learn More About Medicare Supplement Insurance?

The best thing to do if you are looking to learn more about Medicare (Medigap Policies) Plans; is to submit a Compare Medicare Quote request form or by calling us directly.  Once we receive the request form we will call you to go over your plan options.  Most importantly we will answer any questions you may still have. 

Our goal is to be your expert and advisor so that we can help you simplify the process and make sure you do not make any mistakes.  We have found that people who try to sign up for Medicare all by themselves will either forget to sign up for a coverage Part or pick a plan that was not best for their current situation.  If you forgot to sign up for everything this can equal lifetime penalties that you will have to pay.  

Our services will cost you nothing, so you have nothing to lose.  With your free rate quote and plan comparisons, you will be able to easily see the differences in coverage and monthly price between the varying plans offered in your area.

We have done our best to provide you with our comprehensive website in order to provide you access and information to get you off and running in the right direction in your Medicare plan research. Of course, if you have any questions, you can call our Medicare Supplement specialists directly by calling (562) 735-3553