Medsup Plans in Texas

Medigap plans are private health insurance plans that can help you pay for some of the costs of Original Medicare, such as copayments, coinsurance, and deductibles. There are 10 standardized Medigap plans available in Texas, each with its own set of benefits.

What is Original Medicare?

Original Medicare is a federal health insurance program for people who are 65 years of age or older, people with certain disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). Original Medicare has two parts:

• Part A: This part covers inpatient hospital care, skilled nursing facility care, hospice care, and home health care.
• Part B: This part covers doctor visits, outpatient care, and preventive services.

What is a Medigap plan?

A Medigap plan is a private health insurance plan that can help you pay for some of the costs of Original Medicare, such as copayments, coinsurance, and deductibles. There are 10 standardized Medigap plans available in Texas, each with its own set of benefits.

Which Medigap plan is right for me?

The best Medigap plan for you will depend on your individual needs and circumstances. Some factors to consider when choosing a Medigap plan include:

• Your age: The cost of Medigap plans increases with age.
• Your health: People with pre-existing conditions may have to pay higher premiums for Medigap plans.
• Your budget: Medigap plans can be expensive, so it’s important to choose a plan that fits your budget.
• Your coverage needs: Some Medigap plans offer more comprehensive coverage than others. Choose a plan that meets your needs.

How do I enroll in a Medigap plan?

You can enroll in a Medigap plan during your Initial Enrollment Period (IEP). The IEP begins three months before the month you turn 65 and ends three months after the month you turn 65. You can also enroll in a Medigap plan during a Special Enrollment Period (SEP). A SEP is a period of time when you can enroll in a Medigap plan outside of the IEP. SEPs can occur for a variety of reasons, such as:

• You’ve lost other health insurance coverage.
• You’ve moved out of your Medicare Advantage plan’s service area.
• You’ve become eligible for Medicare because of a disability.

How much does a Medigap plan cost?

The cost of Medigap plans varies depending on the plan you choose, your age, and your health. The average monthly premium for a Medigap plan in Texas is $160.

How do I find a Medigap plan?

You can find a Medigap plan by contacting a licensed insurance agent or by visiting the Medicare website.

Is a Medigap plan worth it?

A Medigap plan can be a valuable asset if you have Original Medicare. Medigap plans can help you pay for some of the costs of Original Medicare, such as copayments, coinsurance, and deductibles. This can save you a significant amount of money on your healthcare costs.

If you are considering a Medigap plan, it is important to compare plans and prices to find the plan that is right for you. You can get help comparing plans and prices from an Ashford Insurance agent.