Every year the Medicare Program holds its open enrollment for seniors turning or reaching 65 years of age. Participants are qualified to voluntarily enroll in the Supplemental Insurance Plans offered by private insurance companies guided by Federal healthcare program standards. Open enrollment periods allow for existing Supplemental Insurance Plans to be changed by participants.
Supplemental Insurance Plans provide participants with additional medical coverage beyond the main Medicare plan. Supplemental Insurance Plans are part of Medigap, covering the majority of participants without any health screening process.
There are twelve Medicare Supplemental Insurance Plans to choose from, and all of the plans have options for benefits and vary in costs for the services. The plans range from A to J with A being both the least in cost and benefit offerings. The costs graduate to plan J, which offers the largest amount of benefits with the highest cost of premiums. Some states do not offer all twelve plans, but will offer a similar state developed program.
Rightfully, eligibility for Supplemental Insurance Plans cannot be denied for Medicare participants, who have enrolled in Medicare Part A for hospitals and Part B for doctor visits within the first 6 months of reaching the age of 65. In some cases there may be delays in coverage, waiting periods for pre-existing conditions or consideration for participants who have experienced interrupted medical coverage during the previous 6 months.
Medicare participants who enroll in Medicare Parts A and B are qualified to purchase Supplemental Insurance Plans to help manage medical costs. The Medigap Supplemental Insurance Plans help to cover cost for copays, deductibles and excess charges for special services not covered under Medicare.