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How Devercare Can Help You Decide on a Medicare Supplement Plan

When it comes to healthcare, navigating the world of Medicare can feel confusing and overwhelming. But it doesn’t have to be! Devercare specializes in guiding our clients through the complexities of Medicare Supplement plans, commonly known as Medigap policies. These plans help cover costs not paid by Original Medicare, such as copayments, coinsurance, and deductibles, offering peace of mind and predictable expenses. At Devercare Insurance Group, we take the time to explain the ins and outs of Medigap insurance so you can confidently choose the right plan for your needs. Call one of our licensed agents today to talk!

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Common Questions for Medigap Plans

If you’re considering Medigap insurance, you’re not alone in having questions. Below, we’ve answered some of the most common inquiries about Medigap plans to help you make an informed decision.

What is Medicare Supplement Insurance (Medigap)?

Medigap insurance is additional insurance sold by private companies to fill the gaps in coverage left by Medicare Parts A and B. They’re designed to reduce your out-of-pocket expenses by covering copayments, coinsurance, and deductibles.

Am I Eligible for a Medigap Plan?

To qualify for Medigap insurance, you must be enrolled in both Medicare Part A and Part B. The ideal time to purchase a Medigap plan is during your Medigap Open Enrollment Period. This six-month period begins the month you turn 65 and are enrolled in Part B. During this time, you’re guaranteed to be accepted into any Medigap plan without medical underwriting. Let the licensed agents at Devercare help you take advantage of this critical window to secure the right coverage.

How Do Medigap Plans Differ from Medicare Advantage Plans?

While both Medigap and Medicare Advantage plans provide additional coverage, they serve different purposes.

Medigap Plans: Supplement Original Medicare by covering out-of-pocket costs like deductibles and coinsurance.

Medicare Advantage Plans: Replaces Original Medicare entirely and is managed by private insurers, often including extra benefits like prescription drug coverage.

It is important to note that you cannot enroll in either a Medicare Supplement plan or a Medicare Advantage plan simultaneously.

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What Do Medigap Policies Cover?

Medigap insurance typically covers expenses such as:

Copayments

Coinsurance

Deductibles

However, Medigap does not usually cover long-term care, vision or dental services, hearing aids, eyeglasses, or private-duty nursing. The Devercare team can help you understand what each Medicare Supplement plan includes to ensure you select the right one for your needs.

Can I Be Denied a Medigap Policy If I Have Pre-Existing Conditions?

During your Medigap Open Enrollment Period, you have a guaranteed issue right to buy any Medigap policy sold in your state, regardless of your health status. Outside this period, however, insurers may use medical underwriting to assess your application, potentially resulting in higher premiums or denied coverage based on pre-existing conditions.

Does Medigap Cover Prescription Drugs?

No, Medigap plans sold after January 1, 2006, do not include prescription drug coverage. If you need coverage for medications, you’ll want to enroll in a Medicare Prescription Drug Plan (Part D).

How Do I Choose the Right Medigap Policy?

Selecting the right Medigap plan involves considering your healthcare needs, budget, and the specific benefits of each plan. Premiums can vary by insurers, even for the same coverage. At Devercare, we’re here to simplify the process by comparing plans and finding one that fits your lifestyle and financial situation.

Can I Switch Medigap Policies If I’m Not Satisfied?

Switching Medicare Supplement plans can be tricky, especially outside your Open Enrollment Period. Some states have rules that may allow you to switch under certain conditions, but insurers may require medical underwriting. If you’re unhappy with your current plan, contact Devercare for guidance on your options.

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Contact DeverCare Insurance Group to Navigate Medigap Policies Today!

Making informed decisions about Medicare Supplement plans is essential to managing your healthcare expenses. At DeverCare Insurance Group, our licensed insurance agents are committed to helping you understand your options and helping you find the right Medigap policy for your needs.

We proudly serve South Central PA and Delaware, and with consistent 5-star reviews, you can trust us to provide the expertise and personalized service you deserve. Whether you prefer to chat in person or over the phone, our team is ready to assist you. Call or fill out an online contact form to reach out to our team today!

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