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Choosing the Medicare supplement, or Medigap plan, thatâs right for you can be a difficult task. As mentioned in a prior article the most common Medigap plans sold in Alabama are Plan A, Plan B, Plan F, Plan G and Plan N. Each of these plans are âstandardizedâ by Medicare. âStandardizedâ means that each of these individual plans must contain the same basic benefits regardless of the insurance company you purchase it from. For example, Plan G with company XYZ must contain the exact same benefits as Plan F with company WXY. The one thing that can be different is the premium each company charges for the exact same coverage.
Medicare supplements, also known as Medigap policies, are designed to help cover some or all of the deductibles, copays and coinsurance that Original Medicare does not cover. Medigap policies are sold through private insurance companies.
In Alabama these insurance companies can sell you only a âstandardizedâ policy identified by a letter, such as Plan G. The most common supplemental plans in Alabama are Plans A, B, F, G and N. The term âstandardizedâ means that Medicare requires all plans with a particular letter to have the same basic benefits regardless of the company selling it. For example, a Plan G with one company has to have the exact basic benefits as Plan G with every other company selling it.
If you are turning 65 soon, or coming off employer coverage, you will find that there are many ways to sign up for your 2021 Medicare health or drug plan. You can enroll online, enroll over the phone, have a non-insurance person help you enroll or you can enroll in your plan through a local insurance agent that is certified to offer Medicare plans.
If you want to deal directly with a particular insurance company you can do that online or over the phone. All insurance companies now have a website and toll free number to call. Some people feel as though they need help in choosing a plan. They will call on a friend, family member or non-insurance person to help them. All three of these methods are perfectly acceptable under Medicare guidelines. If you choose to enroll without the help of an insurance agent it will be up to you to read and understand the planâs summary of benefits, assure that the doctors, hospitals and pharmacies you want to use are in the planâs network and
Medicare vs Medicaid courierjournal.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courierjournal.net Daily Mail and Mail on Sunday newspapers.