Medicare Supplements in Vancouver WA

How it works: Medicare Supplements in Vancouver WA.

Medicare Supplement Plans, also known as Medigap policies, are sold by private insurance companies to cover health care costs that Medicare doesn’t cover, such as copayments, coinsurance, and deductibles. When you have Original Medicare, Medicare pays the approved amount for the covered health care costs. Then the Medicare Supplement policy pays after that. Medicare Supplements in Vancouver WA

A Medicare Supplement Plan is not the same as a Medicare Advantage Plan. A Medicare Advantage Plan is a way to get Medicare benefits, while a Medicare Supplement pays only after your Original Medicare pays. Medicare Supplements can’t work together with Medicare Advantage Plans, they are two different things. You can choose to have either a Medicare Advantage Plan or Original Medicare with a Medigap plan.

Medicare Supplement plans are standardized. This means all plans offer the same basic benefits, and then some offer additional benefits, so you can get just the benefits you specifically need. Every Medicare Supplement Plan must follow federal and state laws which are in place to protect the consumer. So insurance companies can only sell standardized policies, which are identified in most states by a letter name (A, B, C, etc.).

It’s important to note that there is an open enrollment period for Medicare Supplement Plans. This enrollment period begins the month you’re 65 and enrolled in Medicare Part B, and lasts for 6 months. During this time you are eligible to buy any Medicare Supplement Plan sold in your state regardless of any health problems you may have. After this enrollment period ends, you may not be able to buy a Medicare Supplement Plan, or if you can, it may cost you more.

At Your Insurance Gal we know Medicare inside and out. We are looking forward to meeting you and taking care of your health insurance needs.