Navigating the complex world of health insurance can leave many individuals feeling confused and overwhelmed. Even the information contained on official Medicare websites can be difficult to understand, and having the right insurance agent can make all the difference when it comes to finding the right coverage for your needs. As your go-to source for Medicare Supplement plans in Dallas and Fort Worth, the team here at Mckenzie Life and Health is always happy to guide you through the coverage selection process. In today’s post, we’ll review seven of the most frequently asked questions about Medigap coverage. Read on to learn more and then contact our office today to request your Medicare Supplement Insurance quote.

Questions About Medicare Supplement Plans

What Is Medicare Supplement Insurance?

Medicare Supplement plans, also known as Medigap Insurance, are private insurance policies that are designed to cover medical expenses that are not covered under Original Medicare. Although Medigap does provide you with an individual layer of coverage beyond Original Medicare, there are some expenses that are not covered. These include hearing aids, long-term care, dental and vision care, and private-duty nursing.

What Does It Cover?

Medigap covers a variety of medical expenses that Original Medicare does not. There are 10 different types of Medicare Supplement plans that provide varying degrees of coverage for medical expenses such as copayments, coinsurance, and deductibles. Certain policies also provide health insurance coverage emergency medical care while you are traveling outside of the United States.

How Much Does It Cost?

Since Medigap plans are private insurance plans, insurance agents are free to set their own rates for coverage. The average cost of coverage can vary from state to state. Additionally, agents are free to use unique rate tables and offer discounted coverage costs as they see fit. It is important to note that while costs can vary, the coverage for each of the 10 Medicare Supplement plans cannot. For example, a policy for Medigap Plan F in Texas might be more affordable than it is in California, but the two plans must offer the same coverage.

Am I Eligible for Medicare Supplement Insurance?

If you meet all three of the following requirements, you are eligible for Medicare Supplement Insurance:

  • You’re enrolled in Medicare Part A and Part B
  • You’re at least 65 years old, or your state allows coverage for qualifying individuals
  • You’ve received disability benefits from the Railroad Retirement Fund or the Social Security Administration for 24 consecutive months

In the state of Texas, some individuals must be offered Medicare Supplement Insurance even if they are not yet 65 years old. If you have been diagnosed with Lou Gehrig’s Disease (ALS) or if you have end-stage kidney failure, you are eligible for Medigap coverage.

Do I Have to Find a New Doctor?

This is a common question that people ask about Medicare Supplement Insurance coverage because no one wants to have to switch doctors for the sake of receiving the affordable healthcare they need. As long as your doctor accepts Medicare Insurance, they should also accept any of the Medicare Supplement plans. Many folks find it reassuring to call their doctor’s office as they begin shopping around for policies just to be certain their Medigap plan will be accepted.

Is Medigap the Same as Medicare Advantage?

Medigap and Medicare Advantage are not the same. In fact, if you already have a Medicare Advantage plan, then you are not eligible for Medicare Supplement Insurance. Our team can help you understand the differences between these two coverages when you come into our office for your consultation.

How Can I Find Affordable Medicare Supplement Plans?

Finding affordable Medigap plans is as easy as locating a local insurance agent who is licensed to sell Medicare policies in your state. Just as you would compare prices of car insurance or homeowner’s insurance, getting several different quotes for the Medicare Supplement plans you want can help ensure that you find the lowest rates possible. Getting referrals from friends and family can help, but remember that you may be eligible to receive some discounts that they weren’t eligible for.

DFW Medicare Supplement Insurance Plans

Are you shopping around for Medicare Supplement Insurance plans to fill in the coverage gaps left by your Original Medicare coverage? If so, Mckenzie Life and Health is here to help. Our experienced team is happy to speak with you to understand your specific needs to match you up with an affordable Medigap plan that offers comprehensive coverage where you need it most. Contact our office today to discuss Medicare Supplement plans — we look forward to helping you!