Medicare Supplements

Medicare Supplements provide extra coverage for many of the out-of-pocket costs not covered by Original Medicare. These plans don’t require provider networks so you’re able to see any doctor that best fits your needs and accepts Medicare nationwide. With 8 different plans to choose from, you have a variety of options to make sure you find a plan that works for you.

Medicare Supplement Plans

There are 8 different Medicare Supplement plans—A, B, D, G, K, L, M, and N. Although supplements will vary in terms of cost and availability, the benefits they cover remain the same no matter the provider you choose.

Depending on your budget and the amount of coverage you’re looking for, you are sure to find a supplement that suits your needs. Each plan offers its own amount of benefits, ranging from basic coverage at a low price with Plan A or high coverage with Plan G.

Overall, supplements are an outstanding option for many individuals who are looking for extra help with their Medicare costs. But is it right for you?

Who Needs Medicare Supplements?

Some common reasons people purchase Supplement plans include reducing out-of-pocket costs including copays and deductibles, coverage for emergency medical costs when outside of the U.S., and coverage for extended hospital stays.

With Medicare Detectives at your side, we will make sure this happens!

How and When to Enroll in a Supplement Plan

The best time to enroll in a supplement plan is during the Medicare Supplement Open Enrollment Period. This period is six months long and starts as soon as you’re 65 and enrolled in Original Medicare. During this time, you will have a guaranteed issue right into a plan without any consideration of your medical needs and history. After these 6 months, however, insurers may require that you undergo a medical underwriting process to determine your eligibility.

Determining the Cost of Your Supplement Plan

Because Medicare Supplements are offered by individual insurance companies, your exact rates will vary depending on the insurer. There are, however, 3 ways in which companies rate their premiums. These rating systems are:

  • Community-rated: Your premium will be the same as everyone else covered by the same supplement by the insurance company regardless of age.
  • Issue-age-rated: Your premium is set based on your age when you join the plan. So, the younger you are when you sign up, the less you will pay. It will not increase over time.
  • Attained-age-rated: Your premium is set based on your application age, but will increase as you grow older over time.

Don’t Get Confused By Your Medicare Coverage—Call Medicare Detectives

Medicare Detectives will navigate your Medicare Supplement options with you, and make sure you get where you want and need to be. To get started, give us a call today or visit either of our offices in St. Charles, Missouri or Sarasota, Florida.