Article provided by: Medicare Health Experts – Florida Medicare Providers
While Original Medicare offers a good range of health care coverage, it doesn’t pay for everything. Medicare Supplement plan, also known as Medigap plan, works with Original Medicare to cover the out-of-pocket costs Original Medicare (Medicare Part A and Part B) doesn’t pay for. The Medigap plan will pay the copayments, deductibles, and coinsurance that Medicare Part A and Part B doesn’t cover.
You may have questions about Medicare Supplement plans in Florida. We have been working with Florida Medigap plans for several years and have answers to all your questions. Here are some of the frequently asked questions about Medigap plans Florida 2021.
When can I sign up the Medicare Supplement plan?
You can enroll in Medigap plans during the open enrollment period. The open enrollment period is a 6-month period that starts from the date you sign up for Medicare Part B.
Does Medicare Supplement cover prescription drug benefits?
Medicare Supplement doesn’t cover prescription drug benefits. You can buy a detached Part D plan for prescription drug coverage.
Can I enroll in Medicare Supplement if I don’t enroll in Original Medicare?
No, you must qualify for Original Medicare before you can be eligible to sign up for a Medigap plan.
What are the alternatives to Medicare Supplement insurance?
Not everyone needs a Medigap policy. If you have Medicare Advantage or other types of health insurance coverage, the gap in your Original Medicare might have already been covered. You may not need to sign up for a Medicare Supplement plan if you have a Medicare Advantage plan, qualify for Medicaid, or have an employer group health plan.
What happens to my Medicare Supplement plan if I move to a new state?
Usually, you can use your plan when you move to a new state. However, you need to contact your plan provider so that they can be aware of your new address. The only difference might be your rates being adjust based on your new service area.
Do I have to register for a Medicare Supplement plan?
You are not required to purchase a Medigap insurance plan. However, recent data shows that over 13 million Americans signed up for a Medicare Supplement plan. Without a Medigap plan, you are responsible for out-of-pocket costs, which can cost you thousands of dollars if you visit the hospital often. Medical expenses can have a major impact on your retirement savings, so purchasing a Medicare Supplement plan is probably an excellent financial move.
How do I enroll in a Medicare Supplement plan?
The availability and prices of Medicare Supplement plans can differ from one plan provider to another, so you may want to contact a licensed Medicare expert to help you choose the best Medicare supplement insurance.
Have more questions about Medigap plans Florida 2021?
Let our knowledgeable and experienced team of Medicare experts help you. If you have any questions about Medigap plans that you don’t see answered above, our team will gladly answer them for you. You can also call us to get a quote: 561-279-3804.