Medicare Plan Choices
Medigap Health Plan
Original Medicare pays for many, but not all, health care services and supplies. A Medigap policy is private health insurance designed to supplement Original Medicare. This means it helps pay some of the health care costs (“gaps”) that Original Medicare doesn’t cover, like co-payments, coinsurance and deductibles. Medigap policies are portable, guaranteed renewable and some Medigap policies cover extra benefits for an extra cost.
Enrolling in a Medigap Health Plan
* Must be enrolled in Medicare Parts A & B.
* Open Enrollment Period - If you enroll within 6 months of your Part B effective date, you are guaranteed coverage
without having to go through underwriting.
* After Open Enrollment Period - If you do not apply during your Open Enrollment Period, you may be required to go
through underwriting and may be denied coverage.
Medicare Cost Plan
A Cost Plan is a type of Medicare health plan available in certain areas of the country. You can join a Cost Plan anytime the plan is accepting new members. You may also leave at any time and return to Original Medicare. If you go to a non-network provider, the services may be covered under Original Medicare and could be subject to co-insurance and deductibles. You can either get your Medicare Rx (Part D) coverage from the plan, or join a stand-alone prescription drug plan (PDP).
Medicare Advantage Plan
A Medicare Advantage Plan is offered by private companies approved by Medicare. The Advantage plan provides all of your Medicare Part A and Part B coverage. If you go to a doctor, facility, or supplier that doesn't participate in the plan's network, your services may not be covered. You may only join an Advantage plan at certain times during the year, and in most cases you are enrolled in the plan for a calendar year. You usually get Rx (Part D) coverage through the plan.
Enrolling in a Medicare Cost or Advantage Plan
* Must be enrolled in Medicare Parts A & B or in Part B only (however, if you are enrolled in Part B only, you will not have
coverage for Part A services).
* You must continue to pay your Medicare Part B premium if not otherwise paid for under Medicaid or by another third
party.
* You must permanently reside within the service area.
* You must not have End-Stage Renal Disease (ESRD).
Original Medicare pays for many, but not all, health care services and supplies. A Medigap policy is private health insurance designed to supplement Original Medicare. This means it helps pay some of the health care costs (“gaps”) that Original Medicare doesn’t cover, like co-payments, coinsurance and deductibles. Medigap policies are portable, guaranteed renewable and some Medigap policies cover extra benefits for an extra cost.
Enrolling in a Medigap Health Plan
* Must be enrolled in Medicare Parts A & B.
* Open Enrollment Period - If you enroll within 6 months of your Part B effective date, you are guaranteed coverage
without having to go through underwriting.
* After Open Enrollment Period - If you do not apply during your Open Enrollment Period, you may be required to go
through underwriting and may be denied coverage.
Medicare Cost Plan
A Cost Plan is a type of Medicare health plan available in certain areas of the country. You can join a Cost Plan anytime the plan is accepting new members. You may also leave at any time and return to Original Medicare. If you go to a non-network provider, the services may be covered under Original Medicare and could be subject to co-insurance and deductibles. You can either get your Medicare Rx (Part D) coverage from the plan, or join a stand-alone prescription drug plan (PDP).
Medicare Advantage Plan
A Medicare Advantage Plan is offered by private companies approved by Medicare. The Advantage plan provides all of your Medicare Part A and Part B coverage. If you go to a doctor, facility, or supplier that doesn't participate in the plan's network, your services may not be covered. You may only join an Advantage plan at certain times during the year, and in most cases you are enrolled in the plan for a calendar year. You usually get Rx (Part D) coverage through the plan.
Enrolling in a Medicare Cost or Advantage Plan
* Must be enrolled in Medicare Parts A & B or in Part B only (however, if you are enrolled in Part B only, you will not have
coverage for Part A services).
* You must continue to pay your Medicare Part B premium if not otherwise paid for under Medicaid or by another third
party.
* You must permanently reside within the service area.
* You must not have End-Stage Renal Disease (ESRD).
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Ready to talk to someone who will help you choose which type of plan is right for you? Call Beyond Medicare today at: (866) 906-7346 |
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