Medicare Supplement Insurance Plans for Texas

In Texas, as in all states, Medicare Supplement plans, also known as Medigap, are provided by private insurance companies to help cover certain costs that Original Medicare (Part A and Part B) doesn’t cover. At Ashford Insurance, we offer a variety of Texas Medicare Supplemental Insurance Plans from leading carriers in the state.

Medicare Supplements in Texas are standardized by the Federal Government, denoted by letters A through N. Regardless of the insurer, each standardized Medigap policy offers the same basic benefits. The primary difference between plans with the same letter from different insurers typically lies in cost.

For instance, Plan A covers Medicare hospital and physician coinsurance, the first three pints of blood, and 365 days of hospitalization beyond Medicare. Plans B through N build upon these benefits, incorporating coverage for Medicare deductibles, excess charges, limited preventive care, and even foreign travel.

It’s important to note that you can only enroll in one Medicare Supplement plan at a time. It’s not advisable for anyone to sell you an additional Medigap plan unless you actively choose to switch policies.

Open Enrollment for Texas Medicare Supplemental Insurance occurs at age 65 for all consumers, including those already receiving Medicare due to disability. This period spans six months, commencing when you turn 65 and enroll in Medicare Part B. During this window, insurance companies are obligated to sell you any Medicare supplement plan they offer. However, after this open enrollment period, insurers may select whom they cover and determine premiums based on your health status.

If you possess an individual or “bank group” insurance policy when you become Medicare eligible, it’s not mandatory to cancel it and opt for a Medicare supplement. While doing so might reduce premium costs, it’s crucial to compare benefits before making a decision on what suits your needs best.