Fill the Gap
Did you know that if you are at least 65 and enrolled in Medicare Part A and B, you can cut down on the majority, if not all, of out-of-pocket costs?
Signing up for Medicare
You are advised to sign up for original Medicare (Part A and B) within a seven-month window, which takes place three months before the month you turn 65 and three months following your birth month. It is important to enroll in Medicare during this time to avoid any penalties or increases in your Part B monthly premium.
Medicare Supplement Insurance
Medicare supplement plans, also known as “Medigap,” fill in gaps that Medicare does not cover.
Let’s say you go to the doctor. They send Medicare a bill for the services, and Medicare pays 80% of approved costs. After that, your Medicare supplement plan pays the remaining amount, or a part, depending on the plan.
A Medicare Supplement works alongside Medicare Part A and B.
- Choose your provider and hospital (if they accept Medicare)
- Does not come with a prescription drug plan (Part D). You will need to sign up for Part D if you want prescription drug coverage.
- Referrals not required for specialist visits
- No network limitations
- Pay monthly premium + Part B premium + Part D (if applicable)
- Low out-of-pocket costs (copays, deductibles, coinsurance)
- Dental and vision plans are available as an optional benefit.
When to enroll in a Medicare supplement plan
If you qualify for a Medicare supplement plan, you may enroll in a Medigap plan at any time. However, a six-month window that begins the month you turn 65 and on your Part B effective date is set in place to help you. Beyond this enrollment period, pre-existing conditions are considered, and you may be charged extra or even turned down. As long as you are enrolled in Medicare Part B, you may sign up for a supplement plan.
I know this is A LOT of information.
Medicare can be overwhelming and intimidating. But it doesn’t have to be.
We’re here to help!
Call us at (864) 467-8738, and we can help you understand all of your Medicare choices and determine which path is best for you.
We are here for you, and we look forward to helping you.
Call us today for your in-person (masks available) or phone appointment.