Medicare Supplements

Medicare supplements can help fill in the gaps that original Medicare leaves. There are many different options to choose from to ensure you are well-covered, but how do you know which plan is right for you?

What Does a Medicare Supplement Cover?

Medicare supplements help you pay some of the remaining costs left by Original Medicare including deductibles, copays, and coinsurance. There are 12 plans available, distinguished by letters. Each plan offers differing coverage, shown in the chart below. 

 

Medicare Supplement Comparison Chart 2020 - Advocate Insurance

Do Medicare Supplements Cover Prescription Drugs?

No, Medicare Supplements do not cover prescription drugs, except those that might be covered by Part B. However, you can purchase a separate Part D Prescription Drug plan, usually for a very low monthly premium. For more information about Part D Prescription Drug plans, click the button below.

Do Medicare Supplements Cover Pre Existing Conditions?

Medicare Supplements are issued by private insurance companies, so they do have the right to underwrite, or look at your medical records, to decide if they will accept you in a plan or increase your premium.

 

However, during your Open Enrollment Period, Medicare supplement companies cannot use your pre-existing conditions against you.  Your Open Enrollment Period for Medicare Supplements begins the first day of the month that you are both age 65 and enrolled in Medicare Part B. This period lasts for 6 months and you cannot be denied a Medicare Supplement plan during this time.

 

If you choose to enroll in a plan outside of your Open Enrollment Period, you may or may not have a guaranteed issue right.

 

You may have a guaranteed issue right if…

  • You leave your employer that was providing insurance coverage.
  • You move out of the service area of your plan and have lost coverage.
  • Your Medicare Advantage plan or Medicare Supplement plan carrier has gone bankrupt.

 

If you qualify for a guaranteed issue right, a Medicare Supplement plan cannot deny you coverage, but you must sign up before your current coverage ends or within 63 days.

 

If you do not qualify for a guaranteed issue right, the Medicare Supplement company will ask you medical questions on your application, along with reviewing your medical records. They have the right to deny your enrollment into a plan if they feel you do not qualify.

 

There is no Annual Enrollment Period for Medicare Supplements. In most areas, you may enroll at any time.

How Do I Get Assistance with Enrolling in a Medicare Supplement?

We would be happy to help you look at your many options when it come to Medicare Supplement plans. We represent the nationally-recognized insurance carriers, and we will sit down with you one-on-one at your home or in our office to discuss your options. We also have virtual appointments available for your comfort and convenience.

Our consultations are always no charge to you, and you are never under any obligation to enroll in a plan.

Call us today at 615-919-1009 to schedule an in-person or virtual consultation or click the button below to start a quote!