When looking for a Medicare Supplement in Irving, you can easily be confused by all the information that will be thrown at you. We have worked hard to put together a single source to help you through Medicare in Irving and all of Texas. Ashford Insurance offers a selection of Irving Medicare Supplements from many top carriers.

When you turn 65 or retire from your job, it is time to enroll in Medicare. You will need Medicare Part A and B before you can get Medicare Supplemental Insurance in Irving.

Part A – Hospitalization Insurance, is a $0.00 premium for most people. Medicare Part A has a deductible and pays 80% of the Medicare allowed amount. The Part A deductible is a per period deductible and not yearly. This is something you defiantly want to be covered by your Irving Medicare Supplement Plan.

Part B – Insurance for Doctors, outpatient, durable goods (oxygen, wheelchair), and some outpatient drugs. Part B has a monthly premium which could vary depending on your previous income. Part B has a yearly or annual deductible, this deductible we recommend you pay out of pocket to save on your Medigap Plan in Irving. This deductible has been steady at $183.00 per year but can be changed at any time by Medicare.

No matter what Medicare Supplement Plan or Medicare Advantage plan you choose, you will still pay your Part B premium in addition to your plan premium. The Medicare Part B premium will need to be paid as long as you have Medicare.

Once you’re eligible for Medicare and have signed up for Medicare Part B, it’s essential to investigate Medicare supplement insurance plans to help cover medical costs not covered by Original Medicare Part A and Medicare Part B.

Irving Texas Medicare Supplements are standardized by the Federal Government. They are labeled A, B, C, D, F, G, K, L, M, and N. However, Medicare Plan F is no longer available to those who are eligible for Medicare after January 1, 2020.

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 six months. For six months 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.

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, that if you leave an employer plan you may not be able to go back on it.

To see a list of all the Medicare supplements available – take a look at our Medigap supplement chart. This chart can be found in the booklet called “Choosing a Medigap,” which is published by Medicare itself. The chart details the benefits that are included in each Medicare supplement, which are labeled Plan A – Plan N.

Without a doubt, Medicare can be a lifesaver, but unless you go a step further and get the Irving Medicare supplement insurance you need, it could just be a matter of time until you regret it. No one’s future is guaranteed, but it’s best to be prepared for whatever might come your way.

Some Texas residents are eligible to enroll in approved Part C Medicare Advantage plans. These plans are offered by private insurance companies. Each year Medicare Advantage companies decide where they will offer their plans, what benefits will be offered, and what the premiums will be. Several include vision, dental, hearing, and wellness programs not covered by original Medicare. As noted earlier many Medicare Advantage Plans also offer prescription drug coverage. There are several Medicare Advantage plans available in Dallas, Tarrant, and surrounding counties. Depending on plan choice, a member may be responsible for paying co-payments for certain covered services. Most importantly, with Medicare Supplements, Medicare Advantage, and stand-alone Part D Prescription Drug Plans, you must continue to pay your Part A (if any) and part B Medicare premiums.