Is a Medicare Insurance Plan Enough?
Medicare | heath Insurance | Obama Care | Life Insurance | Health Care | Dallas TX
So, you just turned 65? Then why not celebrate your 65th birthday by gifting yourself a Medicare supplemental insurance plan? Life is unpredictable, and it’s always a good decision to take appropriate steps to secure your future.
At Choice Plus Benefits, we can assist you in opting for the right Medicare supplemental insurance in Dallas. Find the best insurance and investment solutions that meet your specific needs and requirements. Your health insurance plan may not cover all of the medical expenses that you will incur. This is where a Medicare supplement insurance policy can help you out. It will give you peace of mind because you will be insured for those unexpected events.
How does Medigap help you?
Medigap policies will help you cover those extra costs that you may need to incur in the case that certain medical bills aren’t covered under your insurance policy. There are many supplemental health insurance policies available on the market. However, the most popular of them include accident, critical illness, vision and dental insurance. Some Medicare policies offer coverage for services that your original Medicare policy may not cover. For example, you may be insured for medical care if you fall ill when travelling outside of the U.S.A.
It has been estimated that a couple requires about $250,000 for medical expenses. If you opt for a Medigap policy, then you will have to pay a monthly premium which varies according to the benefits that you avail and the place where you live.
Things to Know before applying for Medigap
Here are some of the things that you should remember before applying for Medicare supplement insurance.
In order to be eligible for a Medigap policy, you must already be enrolled in Medicare Part A and Medicare Part B. All of the Medigap policies will be labeled as “Medicare Supplemental Insurance”, and the plans should follow all of the Federal and state regulations related to Medigap policies.
If you have a Medicare Advantage Plan, then you can apply for a Medigap policy, provided that you leave the Medicare Advantage Plan before the Medigap policy becomes functional. For this, you will need to pay a monthly premium to the private insurance company for the Medigap policy that you enroll in. This premium should be paid in addition to the monthly premium that you pay for your Part B Medicare Insurance.
Another important factor that you should remember is that Medicare Supplement Insurance covers only one person. Therefore, you will need separate policies for both you and your spouse.
In case you are planning to opt for Medicare Supplemental Insurance, contact Choice Plus Benefits . We will provide you complete information about the Medigap Supplement Plans that are offered.