Explore Your Options with Medicare Supplement Insurance
Welcome to our comprehensive guide on Medicare Supplement Insurance, also known as Medigap. This supplementary insurance is designed to fill the gaps left by Original Medicare, providing you with additional coverage and worry-free living.
Your Winn-Winn Medicare Solution
When selecting a Medigap plan, consider your healthcare needs, budget, and personal preferences. Compare the benefits offered by each standardized plan and choose the one that best aligns with your specific requirements.
Enrollment Period:
The best time to enroll in a Medigap plan is during your Medigap Open Enrollment Period, which starts when you’re 65 or older and enrolled in Medicare Part B. During this period, you have guaranteed issue rights, meaning you can’t be denied coverage or charged more based on pre-existing conditions.
What is Medicare Supplement Insurance (Medigap)?
Medicare Supplement Insurance, or Medigap, is a private insurance policy designed to cover the “gaps” in coverage that Original Medicare (Part A and Part B) may not fully address. These gaps include out-of-pocket expenses such as copayments, coinsurance, and deductibles.
Key Features of Medigap Plans
Coverage Consistency
- Medigap plans are standardized and labeled with letters (A, B, C, D, F, G, K, L, M, and N). Each plan of the same letter provides the same basic benefits, regardless of the insurance company offering it.
Freedom to Choose Healthcare Providers
With Medigap, you have the flexibility to choose any healthcare provider or facility that accepts Medicare, giving you the freedom to seek medical care without worrying about network restrictions.
No Referrals Required
There are no referral requirements with Medigap plans. You can see any specialist or obtain any medical service without needing a referral from a primary care physician.
Understanding Medigap Benefits
Part A Coinsurance and Hospital Cost
Coverage for hospital stays beyond what Original Medicare covers.
Part B Coinsurance or Copayment
Helps cover outpatient care costs.
Blood (First 3 Pints)
Covers the cost of the first three pints of blood.
Part A Hospice Care Coinsurance or Copayment
Additional coverage for hospice care expenses.
Skilled Nursing Facility Care Coinsurance
Coverage for skilled nursing facility care beyond what Original Medicare provides.
Part A and Part B Deductibles
Assistance with the deductibles associated with Original Medicare.
Foreign Travel Emergency (Up to Plan Limits)
Coverage for emergency medical care while traveling abroad.
Widener Insurance Agency
607 Baxter Street
Johnson City, TN 37601
Phone: (423) 926-7151
Email: jeffl@widenerins.com
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Mon – Fri 9:00 am - 5:00 pm
Sat – Sun closed
