Medicare Supplements

Medicare Supplement Tips

1) If your doctor is accepting Original Medicare, they are required to accept your Medicare Supplement plan as well. 

 

2) A medicare supplement plan is not required, but it may provide a financial benefit to cover the costs that Original Medicare won't. 

 

3) In the state of Washington, the portability act allows you to switch from one Medigap Plan to another, during the calendar year without underwriting. 

 

4) Medigap plans may be different costs, while providing the exact same coverage. Talk with us to find out why this is the case.

Why Medigap?

We are contracted with multiple carriers selling Medicare Advantage plans, along with Medicare Supplements and also Prescription Drug Plans, to give you as many options to choose from as possible. 

 

  • Premera

  • United Health Care (AARP)

  • Humana

  • Asuris

  • Pacific Source

  • and others...

A Medicare Supplement Insurance (Medigap) policy, sold by private companies, can help pay some of the health care costs that Original Medicare doesn't cover, like co-payments, coinsurance, and deductibles.Some Medigap policies also offer coverage for services that Original Medicare doesn't cover, like medical care when you travel outside the U.S. If you have Original Medicare and you buy a Medigap policy, Medicare will pay its share of the Medicare-approved amount for covered health care costs. Then your Medigap policy pays its share.A Medigap policy is different from a Medicare Advantage Plan. Those plans are ways to get Medicare benefits, while a Medigap policy only supplements your Original Medicare benefits.

8 things to know about Medigap policies 

  1. You must have Medicare Part A and Part B.

  2. If you have a Medicare Advantage Plan, you can apply for a Medigap policy, but make sure you can leave the Medicare Advantage Plan before your Medigap policy begins.

  3. You pay the private insurance company a monthly premium for your Medigap policy in addition to the monthly Part B premium that you pay to Medicare.

  4. A Medigap policy only covers one person. If you and your spouse both want Medigap coverage, you'll each have to buy separate policies.

  5. You can buy a Medigap policy from any insurance company that's licensed in your state to sell one.

  6. Any standardized Medigap policy is guaranteed renewable even if you have health problems. This means the insurance company can't cancel your Medigap policy as long as you pay the premium.

  7. Some Medigap policies sold in the past cover prescription drugs, but Medigap policies sold after January 1, 2006 aren't allowed to include prescription drug coverage. If you want prescription drug coverage, you can join a Medicare Prescription Drug Plan (Part D).

  8. It's illegal for anyone to sell you a Medigap policy if you have a Medicare Medical Savings Account (MSA) Plan.

Medigap policies don't cover everything  

  • Medigap policies generally don't cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing. Medicare Advantage plans may cover a portion of these things, but are usually limited. Check the specific benefit options before signing anything.

Insurance plans that aren't Medigap

 

  • Medicare Advantage Plans (like an HMO, PPO, or Private Fee-for-Service Plan)

  • Medicare Prescription Drug Plans

  • Medicaid

  • Employer or union plans, including the Federal Employees Health Benefits Program (FEHBP)

  • TRICARE

  • Veterans' benefits

  • Long-term care insurance policies

  • Indian Health Service, Tribal, and Urban Indian Health plans

Providence Medical Building

820 South McClellan LL#10

Spokane, WA 99204

509.353.0476 (Local Office)

509.353.0488 (Fax)

Email: support@hioinsure.com

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