When Do I Get Medicare Supplemental Insurance?

Medicare Supplemental Insurance Plans (also called Medigap) are not acquired the way standard Medicare Plans are. They are plans a person chooses to cover medical costs that Medicare normally would not. It is highly advised that a person purchase a Medicare Supplemental Insurance Plan as soon as they find out they are eligible for Medicare and decide to activate their Medicare plan. Medicare plans technically will cover 80% of health care insurance costs, but there is still that 20% out-of-pocket charge. This can be financially debilitating for most people, so it is advised to add a Medicare Supplemental Insurance as soon as possible.

What Are Medicare Supplemental Insurance Plans?

Medicare Supplemental Insurance plans are insurance plans a person can purchase to supplement their existing Medicare policies. They are many multiple existing plans to choose from according to ones needs and income. Medicare Supplemental Insurance Plans will cover only what Medicare deems as what is necessary from a medical standpoint, but will not cover the costs. These plans are provided by many private insurance companies whom typically offer health insurance policies.

Why Should I Purchase a Medicare Supplemental Insurance Plan Now?

If you a Medicare eligible, you should purchase a plan within your financial means as soon as possible. It is highly advised to be prepared in case of an emergency (or with other general medical costs) so that you are not financially burdened later on for having to access necessary health care. Should emergencies arise, you would also have comfort knowing you will not have to pay all of the costs out-of-pocket.

Where Can I Find More Information About Medicare Supplemental Insurance Plans?

More information regarding Medigap or Medicare Supplemental Insurance Plans can be found online through various websites, talking with a private insurance company, your local Medicare worker, by calling 1-800-MEDICARE, or by visiting http://www.medicare.gov.

3 Responses to “When Do I Get Medicare Supplemental Insurance?”

  1. maria davidson says:

    Do I qualify for medicare I have been working in the United Kingdom for 45 years and soon will be returning to the USA. I only worked 3 years in the USA. I have been paying into the national health system in Britain. How do I get medical coverage and how much will it cost me? When I get back? I am a US citizen.

    Please can someone answer my questions? I have been told I cannot have private insurance because I am 65 and I cannot have Medicare because I did not work in the USA long enough. I am very healthy but as you get older you never know and I may have medical bills.

    Thank you very much.

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  3. Marcia says:

    I’ve had a Conditional (two-year)Green Card for 1 1/2 yrs and am 65. If I become a non-resident as my new husband (US citizen)is and live mostly in another country, do I loose my Medicare?