Bedford, TX Medigap Insurance

Texas Medicare Supplements Made Easy

Bedford, TX Medigap Insurance

Here at Ashford Insurance, we represent several of the major carriers for Medicare Supplement plans (aka Medigap policies) and Medicare Part D drug plans. We will help you find the plan that suits your healthcare needs, and your financial budget as well.

Ashford Insurance offers a selection of Bedford, TX Medigap Insurance from many top carriers. Medigap Plans in Bedford, Texas, Tarrant County are designed to cover what Medicare does not pay in full. Note: Medicare Plan F is no longer available to those who are eligible for Medicare after January 1, 2020.

If you’re already on Medicare or about to become eligible for Medicare, you more than likely feel a little overwhelmed as it pertains to picking plans that will fit your own personal needs. There are still likely to be out-of-pocket expenses that you might not want to have to pay for, as it pertains to the original Medicare which includes Parts A and B. This is where the supplemental plans come into play.

The best time to check into Medicare Supplements (Medigap) is before you are eligible for Medicare. If you are nearing age 65, the choices you make now can help you in the future. But choosing the correct supplemental insurance to meet your needs can be confusing and overwhelming. Fortunately, our trained agents are committed to helping you sort through all the options available.

Everyone 65 and older is entitled to basic Medicare coverage, but typically it only covers about 64 percent of the annual healthcare costs. Added to the expense not covered by Medicare, there are deductibles, co-payments, and coinsurance to pay. This is why many choose Medicare Supplements and at Ashford Insurance, we can assist you with your Texas insurance coverages.

The Federal Government standardizes Bedford Texas Medicare Supplements. They are labeled A, B, C, D, F, G, K, L, M, and N. Each standardized Medigap policy must offer the same basic benefits no matter which insurance company sells it. Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies. Plan A pays the Medicare hospital and physician coinsurance, the first three pints of blood, and 365 days of hospitalization beyond Medicare. Plans B through N provide these benefits and add more benefits such as coverage for Medicare deductibles, excess charges and limited preventive care, and foreign travel. You can only have one Med Sup plan. No one should try to sell you an additional Medsup plan unless you decide you need to switch policies.

Open Enrollment for Texas Medicare Supplement Insurance is at age 65 for all consumers, including those already receiving Medicare due to disability. The Open Enrollment period is a six-month period, beginning when you are both age 65 or older and enrolled in Medicare Part B, companies must sell you any Medicare supplement plan they offer. After this limited open enrollment period, companies can pick and choose whom they will cover and how much they will charge based on your health. If you have an individual or “bank group” insurance policy, becoming Medicare eligible does not require you to cancel it and purchase a Medicare supplement. Doing so may save premium costs but it is important to compare benefits before deciding which will work best.

Depending on the Medicare supplement plan you choose, the plan may provide a benefit for (Benefits and cost vary depending on the plan you choose.):

Part A coinsurance (and most plans provide a benefit for the Part A deductible)
Some of the out-of-pocket costs are not paid by Part B (some plans also cover the Part B deductible)
Cost of blood transfusions (first 3 pints)
Cost of up to 365 extra hospital days after you’ve used up your Part A benefits
Skilled nursing facility coinsurance or copayment
Part A hospice/respite care coinsurance or copayment

You pay a monthly premium and some out-of-pocket costs.

If you are eligible for employer retirement insurance, review the plan carefully to understand what benefits are available and how it works with Medicare. Be aware that employer plans are not standardized and are not subject to the requirements governing standardized Medicare supplement policies. Also, it is important to remember, if you leave an employer plan you may not be able to go back on it.

In the event you happen to be considering signing up for these Medigap plans you need to know that the best time to enroll in some of these would be during what’s called a Medicare Supplement Open Enrollment Period. This starts when you are older or 65 years old and you have Part B Medicare.

There are two ways to get Medicare prescription drug coverage, either through a Medicare Prescription Drug Plan (Part D) or through a Medicare Advantage Plan with prescription drug coverage (MA-PD). Let the Agents at Ashford Insurance Group help you discover the most affordable Medicare plans available to you, and to understand when your coverage starts, what’s covered, and what to expect.

Whether an “all-in-one” Medicare Advantage plan or a standalone Part D plan suits you, Ashford Insurance can help. Get a quote for prescription drug plans online now at no cost to you. Or, let one of our licensed agents review your options and find the best drug insurance plan for your unique needs. Just give us a call today at 817-952-3153.