Medigap Plans

Medicare supplemental insurance plans are called Medigap and help pay the amount of medical expenses that Medicare does not pay including, the co-payments, co-insurance and also the deductible. This means seniors living in the United States, will have the possibility of 100% of their medical expenses taken care of. This is not the case with Medicare Advantage plans, but as they have their own advantages related to Medicare Part A and Medicare Part B.

When one reaches retirement age they will join Medicare Part A and Medicare Part B and will be able to get Medicare supplemental insurance plans which are lettered from A-L. There are various options one may choose for their medical concerns. The Plan L and Plan K will cover 75% and half of Hospice Section A co-insurance which may be of importance to an applicant of these plans. The Plans K, L, and N will have a senior citizen pay a part of the co-insurance and co-payments of Medicare Part B that may lessen the premium amount.

Different changes in these plans have brought about new plans, such as Plan M and Plan N and have eliminated Plans E, H, and I. Those individuals who already have these plans will have the opportunity to decide to keep them or to choose another. Other changes may be found with Plans D and C, which have different coverages prior to June 2010 than they do now. Those persons who have these plans before June 1, 2010 can continue to have these plans as they will have no changes.

One needs to remember that all these AARP Medicare Supplement must follow the rules and regulations set up by the Federal and State governments. The individual Medigap insurance companies must offer all the Medigap supplemental plans and they will be consistent with what is offered among the Plans A-N. Each of these plans will be similar, but the cost of their premiums can vary greatly between each of the insurance companies. Some states have open enrollment times, where an individual may connect with these plans and find what suits their medical needs. No one should be coerced in purchasing a particular Medigap plan and have to pay any additional premium. However, one needs to acquire a Medigap policy within the six months of getting Medicare Part B. Their prior medical conditions will be covered, but if one waits beyond the six month time frame, this may not be the case. Also one must consider not delaying because the amount one will have to pay for their premiums will increase beyond the age of 65.