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Ashford Insurance

Medicare Supplements for North Texas

Medicare Supplement Made Easy

Medicare Supplements for North Texas

Medicare Supplement, also known as Medigap, is private health insurance that adds on to Original Medicare (Part A and B). It helps pay about 20% of the Medicare expenses that Original Medicare doesn’t cover.

Medicare Part A covers inpatient hospital care, including semi-private rooms, meals, nursing care, and other related services. Medicare Part B covers outpatient care, including doctor visits, lab tests, and medical equipment.

Medicare Supplement plans help pay for the following costs:

  • Coinsurance: This is the percentage of the cost of covered services that you have to pay after you have met your deductible.
  • Copayments: This is a fixed amount that you have to pay for each covered service.
  • Deductible: This is the amount of money that you have to pay out of pocket before your Medicare Supplement plan starts to pay for covered services.

Medicare Supplement plans do not cover the following costs:

  • Premiums for Medicare Part A and B
  • Prescription drugs
  • Dental care
  • Vision care
  • Hearing care
  • Long-term care

Medicare Supplement plans are sold by private insurance companies. Each company offers a variety of plans, so it is important to compare plans to find one that fits your needs and budget.

You can enroll in a Medicare Supplement plan during your Initial Enrollment Period (IEP), which is the 7-month period that begins 3 months before the month you turn 65. You can also enroll in a Medicare Supplement plan during the Annual Enrollment Period (AEP), which is the 3-month period that begins October 15th each year.

If you are already enrolled in Medicare Part A and B and you want to enroll in a Medicare Supplement plan, you can do so during a Special Enrollment Period (SEP). A SEP can be triggered by certain life events, such as moving to a new area, losing your employer-sponsored health insurance, or getting divorced.

If you are not sure if a Medicare Supplement plan is right for you, you should talk to your doctor or a Medicare insurance agent.