Original Medicare (Part A and Part B) covers a lot of your healthcare expenses, but you are still left with copayments, coinsurance, and deductibles. If your out-of-pocket expenses are higher than you would like, consider buying one of the Medicare Supplement insurance plans in Georgia. These plans are often referred to as “Medigap” coverage, and they pay for some of the expenses that Original Medicare does not. Medigap plans only work with Original Medicare (Part A and Part B). Medigap plans do not pay for any of the out-of-pocket expenses incurred from a Medicare Advantage (Medicare Part C) plan.
With 10 Medicare Supplement insurance plans in Georgia, you have lots of options for coverage. Each plan is designated a letter from A-N, and the coverage you receive depends on the plan you select. Some plans cover deductibles and coinsurance, while some include foreign emergency travel coverage and more. All plans offer a variety of benefits, so it’s critical to examine each one before making a decision.
Benefits are standardized for each plan. That means Plan G has the same benefits, no matter where you live or which company issued the policy. This is true for policies in all states except for Massachusetts, Minnesota, and Wisconsin. Those are the only states that offer different types of Medicare Supplement plans.
Medicare Supplement insurance plans in Georgia are always available for purchase. However, you could have to go through medical underwriting, depending on when you buy the plan. If you fail to buy a plan during the Open Enrollment Period, you can be denied coverage if you have a pre-existing condition. If you are approved, you could have to pay more than someone else based on your health.
You can avoid this by buying a plan during the Open Enrollment Period. This period begins when you turn 65 and are enrolled in Medicare Part B, and it ends after six months. During this period, you have guarantee-issue rights, so you won’t have to pay more or get denied coverage, regardless of your health.
Choosing from the Medicare Supplement insurance plans in Georgia can be confusing for those who aren’t well-versed in the insurance industry. There are 10 plans available, and you need to start the process by choosing the one that has the coverage you want. Then, after you select the type of plan, you must consider the cost of the plan. It’s critical to get quotes from several insurance companies since the insurers set their own prices. By getting quotes, you can find the most affordable plan for your needs.
It may sound daunting to tackle on your own, which is why we recommend enlisting the help of a licensed insurance agent. Call 844-903-4406 to get in touch with an agent that can help you pick the right Medigap plans in your area at a price you can afford.