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Medicare Supplemental Enrollment

What You Need to Know About Medicare Supplemental Enrollment

Also known as Medigap, Medicare Supplemental Insurance assists those who are currently enrolled in Original Medicare Part A and Part B with covering some of the expenses that Medicare does not pay for – including copayments, coinsurance, and deductibles.

If you are enrolled in Original Medicare, you are generally eligible for Medigap coverage. What do you need to know before enrolling?

Timing is important. To keep costs low and your coverage choices vast, the best time to enroll in a Medicare Supplement plan is during your Medigap Open Enrollment Period: the 6-month period that starts on the first day of the month that you are 65 or older and enrolled in Medicare Part B. During this period, insurance companies are prohibited from using your medical history as a basis for charging you more or denying your enrollment. This period is the one time you can enroll in any Medigap plan offered in your service area with guaranteed issue.

Plans are the same across the board. Medigap coverage is standardized from company to company. While some companies may offer innovative benefits, the only stand-alone difference between companies is within the company – the quality of service and the price. Make sure you are working with the right insurance company for your needs.

To learn more about Medical Supplemental enrollment and available coverage that fits your health needs, contact a representative from JA Counter at (715) 246-3811, today.